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Global Infant Food Market is anticipated to witness a major leap forward in its revenue from US$ 77,837.3 Mn in 2021 to US$ 114,241.5 Mn by 2027. The market is registering a CAGR of 6.4% during the forecast period 2022-2027. Baby food is a soft food product, specially developed for babies aged between four months to two years to accomplish their nutritious desires. Traditionally, babies were fed soft home-cooked food, a practice that is still popular in underdeveloped and developing countries. However, growing urbanization, a rise in the number of working women, and changing lifestyles have increased the demand for packaged baby foods in different societies and cultures. It is considered to be an ideal substitute for breast milk, owing to the presence of essential nutrients that play a vital role in infants’ growth. Parents nowadays are becoming more aware of the impact of correct nutrition on the child’s overall growth and development.
The growing impetus of the infant food market is attributed to an increase in demand for ready-to-use baby food and the rising demand for infant food in developing economies. Rapid urbanization, growth of the middle class, and rising rates of female participation in the labor force in many developing markets have encouraged the adoption of convenience-oriented lifestyles, making baby formula and prepared baby foods more desirable. Apart from this, due to the increasing consciousness among consumers, manufacturers are introducing organic, premium, and minimally processed baby food and infant formula variants to increase their sales. Organic infant food is an emerging opportunity in the market. However, the growing demand for homemade food will hamper the market growth.
The study of the Global Infant Food Market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the infant food industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the global infant food market across 15 Chapters and 192 pages. The report includes data presentation across 40 tables and 93 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein the intensity of rivalry is high.
The subsequent section provides details of the market analysis based on different segments such as product type, ingredient, category, distribution channel, and region. The report includes a detailed study of the value chain of the industry. It includes raw material providers, infant food manufacturers, distributors, and end-users. The report also covers extensively the key competitors in the market for infant food.
Key Takeaways from the Global Infant Food Market Report
The key players in the global infant food market are Nestle SA, DANONE, Mead Johnson, Abbott, H. J. Heinz Company, HIPP, Babylicious Ltd., Dutch LadyMilk Industries Bhd, Perrigo Company plc, Want-Want Group & Leisure Foods Ltd., and Hero, among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip in the stabilized global market scenarios. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Strategies Adopted by Key Market Players
The following are the different segments of the Global Infant Food Market:
By Product Type segment of the Global Infant Food Market is sub-segmented into:
By Ingredient segment of the Global Infant Food Market is sub-segmented into:
By Category segment of the Global Infant Food Market is sub-segmented into:
By Distribution Channel segment of the Global Infant Food Market is sub-segmented into:
By Region Segment of the Global Infant Food Market is sub-segmented into:
Global Infant Food Market is projected to grow at a CAGR of 6.4% during the forecast period 2022-2027.
Baby food are divided into different stages in order to give suitable level of nutrition to each age group and for each phase of child’s individual development.
The size of the Global Infant Food Market in 2021 was US$ 77,837.3 Million.
Product type, ingredient, category and distribution are the different segments of the Global Infant Food Market.
Increasing demand for ready to use baby food and growing demand of baby food in developing economies.
Asia-Pacific holds the maximum market share in the Global Infant Food Market.
Baby food cereals segment dominates the Global Infant Food Market.
Online distribution channel is projected to grow at the highest CAGR during the forecast period.
Growing demand for homemade food restrain the growth in the global infant food market.
Russia is expected to project a significant growth in the Europe infant food market during the forecast period.
Milk products segment contributed the major share in the South American Infant Food Market.
Nestle SA, DANONE, Mead Johnson, Abbott, H. J. Heinz Company, HIPP, Hero, Babelicious Ltd, Beech-Nut Nutrition Corporation, Bubs Organic LLC, Kraft Heinz Company and Nutricia among others.