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Global Baby Food Market 2019 - 2024:Global Baby Food Market is expected to register a CAGR of 6.67%, during the period of 2019 to 2024.
- The global baby food market has experienced significant growth over the past few years, primarily due to the rising population of working women, rise in organized retail marketing, and their concern for good nutrition for their babies.
- The changing demographics and societal structures are giving rise to the women workforce. These factors have played a key role in the success of the global market, particularly in the infant formulations category. The increasing awareness and knowledge over the importance and role of nutrition in an infant's growth are significantly helping the global market.
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Competitive Landscape
Some of the major key players in the baby food market are Nestle SA, Danone, Mead Johnson, Abbott Laboratories, Hero-Group, Perrigo Company, Bellamy Organics, Hain Celestial Group, Campbell soups, Friesland Campina, H.J. Heinz, Bristol-Myers Squibb, Numico, Wyeth, East Asiatic co Ltd, Ella's Kitchen, Beech-Nut Nutrition Corporation , DMK Deutsches Milchkontor GmbH, DSM, Dumex, HiPP GmbH & Co., Koninklijke DSM N.V., and Meiji Co Ltd, among others.
Scope of the Report
The global baby food market is segmented by type, distribution channel, and region. The baby food market, on the basis of types, is segmented as milk formula, dried baby food, prepared baby food, and others. This market is classified into mother’s milk substitutes, cereal-based foods, vegetable and fruit purees, frozen foods and others. By distribution channel, it is classified as supermarkets/hypermarkets, drugstores/pharmacies, drugstores/pharmacies, and others and geography.
Key Market Trends
Increasing Demand for Organic Baby Food
The rising number of malnutrition cases and health concerns for the overall growth of the babies represent the key factors driving the global organic baby food market. Improved economic conditions have resulted in increased expenditure by the parents. Therefore, they are willing to spend on high-quality and expensive products for the wellness of their babies. Also, organic baby food prevents the presence of any kind of pesticides in the baby's system as it is made of fruits and vegetables that are not sprayed with chemical pesticides, and meat from animals that are not given antibiotics or growth hormones. It also does not contain any artificial flavors, preservatives or colors. Furthermore, urbanization and growing working population, especially women, have encouraged convenience-oriented lifestyles, which is increasing the demand for organic baby food globally.
North America and Europe Holds the Major Share in Baby Food Market
North America and Europe are the leading regions contributing to a very significant market share in the baby food market. North America is the largest markets in terms of revenue. The Asia-Pacific markets are expected to be very dynamic in the coming years, owing to its growing population and rising consumer spending in Asia-Pacific makes the region to look at for investments and expansion. The increasing retail penetration and awareness about the products, combined with an increasing purchasing power, are cited as the major reasons for the baby food market growth. Emerging markets such as India, China, and Indonesia are the major growth contributors in the growth of the baby food market in Asia-Pacific.
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Major Points from Table of Content:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Milk Formula
5.1.2 Dried Baby Food
5.1.3 Ready to Feed Baby Food
5.1.4 Others
5.2 By Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Health Stores / Pharmacies
5.2.3 Convenience Stores
5.2.4 Online Stores
5.2.5 Others
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 H. J. Heinz Company (U.S.)
6.3.2 Abbott Nutrition
6.3.3 Beech-Nut Nutrition Corporation (U.S.)
6.3.4 DMK Deutsches Milchkontor GmbH (Germany)
6.3.5 Dumex
6.3.6 Hain Celestial Group (U.S.)
6.3.7 Hero Group (Switzerland)
6.3.8 Mead Johnson
6.3.9 Nestle
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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Website: https://www.orbisresearch.com/reports/index/baby-food-market-growth-trends-and-forecasts-2019-2024
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