Global Baby Food Market Research Report (2021-2030) Industry Analysis & Growth Forecast – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The “Baby Food Market Research Report: By Product, Type, Distribution Channel – Global Industry Analysis and Growth Forecast to 2030” report has been added to ResearchAndMarkets.com offer.

The market is expected to reach $ 53.9 billion in revenue by 2030, while posting a 6.1% CAGR from 2021 to 2030, according to the market research report.

The closures and partial closures of factories imposed due to the COVID-19 pandemic have caused disruptions in the distribution, import and export of ingredients used in the production of baby food products, thus affecting the progression of the Marlet. However, with many governments lifting the lockdowns and allowing the opening of manufacturing facilities and research institutes, all production and distribution activities relating to baby food products have resumed. Additionally, market players are witnessing a sharp increase in demand for these products during the pandemic, which facilitates the advancement of the baby food market.

The baby food market is divided into baby cereals, infant formula, baby soups, baby purees, baby snacks and others depending on the product. Among these, the infant formula category held the largest market share in 2020 due to the increasing prevalence of lactation problems in women and breastfeeding problems in infants.

The baby food market is also categorized into supermarkets, hypermarkets, specialty stores, online, and pharmacies, depending on the distribution channel. Among these, the online category is expected to register the fastest growing in the market throughout the forecast period. This is due to the growing public preference for purchasing products through e-commerce platforms compared to other channels.

Globally, the Asia Pacific (APAC) region generated the highest revenue in the baby food market in 2020, and it is also expected to experience massive growth during the forecast period. This is attributed to the high birth rate, the increasing purchasing power of the population and the skyrocketing population of working women in the region.

Players operating in the baby food market are actively focusing on product approvals and launches to gain the edge over their competitors. For example, The Kraft Heinz Company launched a new line of products under the HEINZE BY NATURE brand in July 2021. These products are made from acerola cherries and natural, organic ingredients. In addition, the product line includes recyclable glass, which is highly sought after by parents looking for transparent and more environmentally friendly packaging.

Market dynamics

Tendencies

  • Increase in product launches and acquisitions

  • A growing demand for organic and natural products

Conductors

  • Decrease in infant mortality rate

  • More and more working women

  • Increase in the number of seminars and initiatives to improve baby’s healthy lifestyle

  • Rising disposable income

  • Impact analysis of engines on market forecasts

Constraints

  • Higher price associated with the cost of product development

Companies mentioned

  • Nestlé SA

  • The Kraft Heinz Company

  • Reckitt Benckiser Plc Group

  • Danone SA

  • Royal Friesland Campina NV

  • China Feihe Limited

  • Hipp GmbH & Co. Vertrieb KG

  • China Mengniu Dairy Company Limited

  • Kewpie Company

  • Inner Mongolia Yili Industrial Group Co. Ltd.

  • Group of heroes

  • DMK Deutsches Milchkontor GmbH

  • Perrigo Company plc

  • PZ Cussons Plc

For more information on this report, visit https://www.researchandmarkets.com/r/6excf


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