India Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast to 2028

“India Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast to 2028” is an analytical report by the publisher which provides extensive and highly detailed current and future market trends in the Indian market.

The number of live births in India increased by 3.7% during 2016-22, reaching 27.6 million in 2022. This resulted in a baby population of over one million in 2022. However, both the crude birth rate and total fertility rates, have fallen. The GDP of India grew by 6.9% in 2022 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 5.2%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 9% during 2016-22. In volume terms, sales increased in 2022, with the sector recording a CAGR of 2.2%. Baby milks remained by far the largest category in value terms with over 64% of the baby food sector, followed by baby wet meals & other. Nestlé and Gujarat Cooperative Milk Marketing Federation were the top two companies in 2022. Nestlé retained the top spot in value during 2016-22 and remained the leader in baby milks category. Drugstores & pharmacies remained the leading distribution channel, accounting for over 68% of overall value sales in 2022. The market for baby food in the country is expected to increase in value and volume terms during 2022-28, at a CAGR of 8.4% and 2.4%, respectively.

What else does this report offer?

• Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry
• Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors
• Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands
• Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel
• Future projections considering various trends which are likely to affect the industry

Scope

• Value sales of baby milks rose from INR93 billion ($1.4 billion) in 2016 to INR165.8 billion ($2.1 billion) in 2022, registering a CAGR of 10.1% during this period
• Volumes in the baby cereals & dry meals category increased from 73.07 million kg in 2016 to 73.33 million kg in 2022, recording a CAGR of 0.1%
• Value sales of baby wet meals & other rose from INR14.9 billion ($221.7 million) in 2016 to INR27.4 billion ($349.1 million) in 2022, at a CAGR of 10.7%

Reasons to Buy

• Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation
• Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit
• Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market
• Investigates which categories are performing the best and how this is changing market dynamics.