Global Baby Food Market was valued at US$ 40.17 Bn in 2019 and is expected to reach US$ 84.1 Bn by 2026, at a CAGR of 9.68% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Baby Food Market Dynamics:
Milk formula is anticipated to hold the largest share in the market during the forecast period owing to rising spending on milk formula across the globe. Convenience stores are expected to hold the largest share during the forecast period. Rise in the global population will impact convenience stores for a surge of the global food market.
The online segment is also estimated to hold the largest share in the market during the forecast period as the popularity of e-commerce websites, rising penetration of the internet & smartphones, and a growing trend of purchase online.
The rising popularity of milk formula and manufacturers are investing in R&D are expected to drive the market growth during the forecast period. Changing the living standards of consumers is boosting the market growth. The rising demand for the packaged food products on the account of growing awareness is expected to propel the global baby food market in the forecast period. Growing innovation in products is driving market growth.
In addition, the increasing spending power of consumers, various brands are available in the market, and growing industrialization are fuelling the market growth across the globe. However, a high cost of products is expected to act as a restraint on the market growth during the forecast period. The report provides an in-detail list of drivers and restraints, which are influencing the market growth. Additionally, provides expected opportunities and emerging trends.
Global Baby Food Market Regional Analysis:
The Asia Pacific is estimated to hold the largest share in the market during the forecast period owing to the rising disposable income of consumers, the growing purchasing power of the middle-class population, and the increasing population in developing countries such as India and China. India is expected to lead the market growth during the forecast period owing to increasing consciousness regarding children’s health.
India constitutes Children in the age 0-5 which represents 29% of the total population of the country is surging the baby food market growth. Increasing demand for milk formula and growing urbanization in this region are also expected to drive the market growth in a positive way. Europe is projected to generate the highest CAGR during the forecast period owing to a large number of manufacturers are present in the market.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Global Baby Food Market, Key Highlights:
- Global Baby Food Market analysis and forecast, in terms of value.
- Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Baby Food Market
- Global Baby Food Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
- Global Baby Food Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
- Global Baby Food Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
- Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
- Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Baby Food Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
The Scope of the Report for Global Baby Food Market: Inquire before buying
Global Baby Food Market, by Type
- Prepared baby food
- Milk formula
- Dried baby food
Global Baby Food Market, by Distribution Channel
- Convenience Stores
Global Baby Food Market, by Region
- North America
- Middle East & Africa
- South America
Global Baby Food Market Key Players
- Green Monkey
- Healthy Sprouts Foods
- Hero Group
- Mead Johnson
- Abbott laboratories
- Bellamy Organics
- Perrigo Company
- Campbell soups
- Hain Celestial Group
- Friesland Campina
- Abbott Nutrition
- Kraft Heinz
- Arla Foods
- Amara Baby Food
- Baby Gourmet
- Ella’s Kitchen Group
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