The Global Baby Food Market is projected to grow at a CAGR of 4.50% from USD 71.89 Billion in 2021 to USD 89.25 Billion in 2027. The growth of the market attributes primarily to the increasing demand for baby food to meet high safety & quality standards, coupled with constant innovations in baby food to make them highly nutritional & healthy for the baby.
In addition, the increasing number of working females and their inclination toward baby food is another factor contributing to the overall market growth. With the availability of baby food through different sales channels like supermarkets, grocery stores, online platforms, etc., the market expects considerable growth in the years to come.
Significantly Growing Demand for Organic Baby Food to Drive the Market
It owes to the swiftly rising consumer awareness to reduce the baby's exposure to harmful chemicals used in conventional food production entwined with the growing preference toward organic food, i.e., free from artificial flavors, colors, & additives. Moreover, with the mounting number of working females, the demand for prepared organic baby food is rising significantly to fulfill the nutritional requirements of infants.
Moreover, the Covid-19 pandemic in 2020 has increased health consciousness among consumers, which, in turn, has generated opportunities for the leading players to produce nutrition-rich & organic food for babies. Besides, organic food is free from preservatives and has a substantial amount of vital nutrients for the better nourishment of babies & toddlers. Hence, its demand is rising significantly among consumers and driving the market.
Asia-Pacific Claims 56.34% Market Share, High Malnutrition Rate in India to Create Lucrative Growth Opportunities for the Baby Food Market
Asia-Pacific dominates the market with around 56.34% share, mainly due to the rising population with a growing number of infants, mounting consumer expenditure on baby food, and the busy lifestyle of the people, thereby increasing the adoption of baby food to provide infants with the required nutrition.
Moreover, malnutrition in countries like India has the highest rate, which increases morbidity & mortality in infants by reducing their resistance to infections. These situations project numerous opportunities for the leading market players across Asia-Pacific to manufacture baby food with high nutrition and suffice the requirements of malnourished infants, thereby driving the regional market.
Key Market Competitors
According to MarkNtel Advisors, the leading players in the Global Baby Food Market are Nestle SA, Danone Groupe, Feihe International Inc, Reckitt Benckiser Group Plc (RB), Abbott Laboratories Inc, Royal Friesl and Campina NV, Shijiazhuang Junlebao Milk Co Ltd, Australia Ausnutria Dairy Pty Ltd, Inner Mongolia Yili Industria l Group Co Ltd, Hipp GmbH, Kraft Heinz Co, Health & Happiness (H&H) International Holdings Ltd, Progress OAO, Vietnam Dairy Products JSC, Hero Group GmbH, Morinaga Milk Industry Co Ltd, a2 Milk Co Ltd, and Hain Celestial Group Inc.
Key Questions Answered in the Study