The surging population of working women, growing concerns of parents regarding infant nutrition, increasing organized retail marketing activities and urbanization rate, reducing infant mortality rate, and mushrooming public awareness about innovative baby food products are the major factors driving the expansion of the global baby food market. Because of these factors, the market is predicted to reach $53.9 billion revenue by 2030, while exhibiting a CAGR of 6.1% from 2021 to 2030, according to the market research report.
The partial factory closures and lockdowns that were imposed because of the COVID-19 pandemic caused disruptions in the distribution, import, and export of the ingredients used in the production of baby food products, thereby affecting the progress of the market. However, with many governments lifting the lockdowns and allowing the opening of manufacturing facilities and research institutes, all production and distribution activities pertaining to baby food products have resumed. Additionally, market players are witnessing a sharp surge in the demand for these products during the pandemic, which is facilitating the advance of the market for baby food.
The baby food market is divided into baby cereals, infant formula, baby soups, baby pureed food, baby snacks, and others, depending on product. Out of these, the infant formula category held the largest share in the market in 2020 because of the surging prevalence of lactating problems in women and breastfeeding issues with infants.
The market for baby food is also classified into supermarkets, hypermarkets, specialty stores, online, and drug stores, based on distribution channel. Amongst these, the online category is predicted to register the fastest growth in the market throughout the forecast period. This is credited to the growing public preference for buying products through e-commerce platforms over other channels.
Globally, the Asia-Pacific (APAC) region contributed the highest revenue to the baby food market in 2020, and it is set to grow massively during the forecast period as well. This is attributed to the high birth rate, surging purchasing power of people, and soaring population of working women in the region.
Players operating in the baby food market are actively focusing on product approvals and launches for gaining an edge over their rivals. For example, The Kraft Heinz Company launched a new line of products under the HEINZE BY NATURE brand in July 2021. These products are produced from acerola cherry and natural and organic ingredients. Moreover, the product line includes recyclable glass, which is widely sought after by parents looking for transparent and more-environment-friendly packaging.
Some of the major global baby food market players are Danone S.A., Nestlé S.A., China Feihe Limited, The Kraft Heinz Company, Inner Mongolia Yili Industrial Group Co. Ltd., Reckitt Benckiser Group plc, China Mengniu Dairy Company Limited, Royal FrieslandCampina N.V., Abbott Laboratories, Perrigo Company plc, HiPP GmbH & Co. Vertrieb KG, PZ Cussons (UK) Limited, Hero Group, DMK Deutsches Milchkontor GmbH, and Kewpie Corporation.
The partial factory closures and lockdowns that were imposed because of the COVID-19 pandemic caused disruptions in the distribution, import, and export of the ingredients used in the production of baby food products, thereby affecting the progress of the market. However, with many governments lifting the lockdowns and allowing the opening of manufacturing facilities and research institutes, all production and distribution activities pertaining to baby food products have resumed. Additionally, market players are witnessing a sharp surge in the demand for these products during the pandemic, which is facilitating the advance of the market for baby food.
The baby food market is divided into baby cereals, infant formula, baby soups, baby pureed food, baby snacks, and others, depending on product. Out of these, the infant formula category held the largest share in the market in 2020 because of the surging prevalence of lactating problems in women and breastfeeding issues with infants.
The market for baby food is also classified into supermarkets, hypermarkets, specialty stores, online, and drug stores, based on distribution channel. Amongst these, the online category is predicted to register the fastest growth in the market throughout the forecast period. This is credited to the growing public preference for buying products through e-commerce platforms over other channels.
Globally, the Asia-Pacific (APAC) region contributed the highest revenue to the baby food market in 2020, and it is set to grow massively during the forecast period as well. This is attributed to the high birth rate, surging purchasing power of people, and soaring population of working women in the region.
Players operating in the baby food market are actively focusing on product approvals and launches for gaining an edge over their rivals. For example, The Kraft Heinz Company launched a new line of products under the HEINZE BY NATURE brand in July 2021. These products are produced from acerola cherry and natural and organic ingredients. Moreover, the product line includes recyclable glass, which is widely sought after by parents looking for transparent and more-environment-friendly packaging.
Some of the major global baby food market players are Danone S.A., Nestlé S.A., China Feihe Limited, The Kraft Heinz Company, Inner Mongolia Yili Industrial Group Co. Ltd., Reckitt Benckiser Group plc, China Mengniu Dairy Company Limited, Royal FrieslandCampina N.V., Abbott Laboratories, Perrigo Company plc, HiPP GmbH & Co. Vertrieb KG, PZ Cussons (UK) Limited, Hero Group, DMK Deutsches Milchkontor GmbH, and Kewpie Corporation.
Frequently Asked Questions about the Baby Food Market
What is the estimated value of the Baby Food Market?
What is the growth rate of the Baby Food Market?
What is the forecasted size of the Baby Food Market?
Who are the key companies in the Baby Food Market?
Report Attribute | Details |
---|---|
No. of Pages | 247 |
Published | August 2021 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 30 Billion |
Forecasted Market Value ( USD | $ 53.9 Billion |
Compound Annual Growth Rate | 6.0% |
Regions Covered | Global |
No. of Companies Mentioned | 14 |
Table of Contents
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 5. Definition of Market Segments
Chapter 6. Industry Outlook
Chapter 8. Global Market Size and Forecast
Chapter 9. North America Market Size and Forecast
Chapter 10. Europe Market Size and Forecast
Chapter 11. APAC Market Size and Forecast
Chapter 12. LATAM Market Size and Forecast
Chapter 13. MEA Market Size and Forecast
Chapter 14. U.S. Market Size and Forecast
Chapter 15. Canada Market Size and Forecast
Chapter 16. Germany Market Size and Forecast
Chapter 17. France Market Size and Forecast
Chapter 18. U.K. Market Size and Forecast
Chapter 19. Italy Market Size and Forecast
Chapter 20. Spain Market Size and Forecast
Chapter 21. Russia Market Size and Forecast
Chapter 22. China Market Size and Forecast
Chapter 23. Japan Market Size and Forecast
Chapter 24. India Market Size and Forecast
Chapter 25. Australia Market Size and Forecast
Chapter 26. South Korea Market Size and Forecast
Chapter 27. Brazil Market Size and Forecast
Chapter 28. Mexico Market Size and Forecast
Chapter 29. Saudi Arabia Market Size and Forecast
Chapter 30. South Africa Market Size and Forecast
Chapter 31. Competitive Landscape
Chapter 32. Company Profiles
Chapter 33. Appendix
Companies Mentioned
- Nestlé S.A.
- The Kraft Heinz Company
- Reckitt Benckiser Group Plc
- Danone S.A.
- Royal Friesland Campina N.V.
- China Feihe Limited
- Hipp GmbH & Co. Vertrieb KG
- China Mengniu Dairy Company Limited
- Kewpie Corporation
- Inner Mongolia Yili Industrial Group Co. Ltd.
- Hero Group
- DMK Deutsches Milchkontor GmbH
- Perrigo Company plc
- PZ Cussons Plc
Methodology
LOADING...