According to the study undertaken by Astute Analytica the Global Infant Food Market was valued at US$ 77,837.3 Million in 2021 and is forecasted to reach US$ 114,241.5 Million by 2027. The market is expected to register a CAGR of 6.4% during forecast period 2022-2027.
The Global Infant Food Market is driven by the increasing demand for ready to use baby food and growing demand of baby food in developing economies. With the growing urbanization and changing lifestyles, the demand for packed baby foods have increased globally. The baby food is intended to provide special nutrition’s to babies and infants between the ages of four to six months and two years. 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. Consumers are increasingly getting health conscious and looks for natural, minimally-processed foods and the stakes are even higher when it comes to their babies.
Based on product type, baby food cereals segment is estimated to have the highest market share during the forecast period owing to several baby food cereal products available in the market and the rising demand for organic based baby food cereal. Also, milk products segment is projected to grow at a fastest CAGR of 6.8% during the forecast period on the basis of ingredient segment. Moreover, on the basis of category, conventional segment is estimated to have the highest market share during the forecast period while organic segment is projected to grow at a fastest CAGR of 6.6% during the forecast period. Furthermore, online segment is projected to grow at the highest CAGR of 7.9% during the forecast period owing to rising number of e-commerce sector globally, is leading to the rise in the online distribution channel in infant food market. Also, Asia Pacific region held the major share in the global infant food market during the forecast period due to young population of China’s the demand for baby formula and other baby food have increased significantly.
Market Dynamics
Drivers
With the rapid urbanization and the growth of the middle class and rising rates of working women population in the labour force in many developing markets has encouraged the adoption of convenience-oriented lifestyles such as making baby formula and prepared baby foods more desirable and thus further boost the baby food market growth. High acceptability and awareness for quality baby food products will encourage the consumers to opt for infant food products in the near future. Also, growing parenting concerns regarding fulfilling the nutritional requirement of their babies at an early growing age is expected to surge the demand for infant food. Moreover, growing awareness among the middle-class population regarding the high-quality baby food as well as rising living standard spending in regions such as Asia Pacific and Latin America are the major growth contributors in the growth of the global infant food market.
Restraint
Factors such as high price of the baby/infant food products and increasing concerns about the nutritional value of home-cooked food hinders the growth of infant food market during the forecast period. As parents prefer to cook homemade food for their infants and also many medical practitioners are advising parents to feed their children home-made foods rather than ready to eat food. Additionally, home-cooked food is preferred by consumers in the rural and isolated regions owing to lack of awareness about these products.
Regional Analysis
US holds a major share in term of revenue in the North America Infant Food Market
Mexico is expected to project a fastest CAGR of 6.4% in the North America infant food market during the forecast period. In terms of product type, baby food cereals generate majority of the revenue in the infant food industry in North America owing to several baby food cereals products available in the market. Also, organic infant food is projected to grow at the highest CAGR of 5.6% during the forecast period in terms of category segment owing to increasing awareness and strong concern among parents towards added chemicals.
Russia is expected to project a fastest CAGR in the Europe infant food market during the forecast period
Based on ingredient segment, milk products contributed the major share in the European market with the demand for milk products in infant food is growing at a fastest CAGR of 5.4% during the forecast period. Also, in terms of distribution channel, the European infant food industry is mainly driven by offline distribution channel as supermarkets are majorly preferred destination for the purchase of infant food across the globe.
China held the major share in the Asia Pacific Infant Food Market in 2021
India is expected to project growth at the fastest CAGR of 8.2% in the Asia Pacific infant food market during the forecast period. In terms of category, conventional segment held the major share in the Asia Pacific infant food market while organic infant food is projected to grow at a fastest CAGR of 7.3% during the forecast period.
Baby food cereals segment generates majority of the revenue in the Infant Food Industry in MEA
Saudi Arabia held the major share in the MEA infant food market in 2021. While South Africa is expected to project a highest CAGR of 6.4% in the MEA infant food market during the forecast period. In terms of distribution channel, online distribution channel is expected to grow at the highest CAGR of 6.8% during the forecast period owing to the rising number of e-commerce sector globally.
Brazil is expected to project a fastest CAGR in the South America Infant Food Market during the forecast period
On the basis of ingredient, milk products segment contributed the major share in the South American market with the demand for milk products in infant food is growing at a fastest CAGR of 6.8% during the forecast period. Moreover, the South American infant food industry is mainly driven by offline distribution channel.
Competitive Landscape
Global Infant Food Market is highly competitive in order to increase their presence in the marketplace. Some of the key players operating in the global market include Nestle SA, DANONE, Mead Johnson, Abbott, H. J. Heinz Company, HIPP, Hero, Babelicious Ltd, Beech-Nut Nutrition Corporation, Bubs Organic LLC, Dutch Lady Milk Industries, Ella's Kitchen, Kraft Heinz Company and Nutricia among others.
Segmentation Overview
Global Infant Food Market is segmented based on product, ingredient, category, distribution channel and region. The industry trends in global infant food market are sub-divided into different categories in order to get a holistic view of the global infant food market. Following are the different segments of the Global Infant Food Market:
By Product 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 Segment of the Global Infant Food Market is Sub- Segmented into:
By Region Type Segment of the Global Infant Food Market is Sub- Segmented into:
Questions? Request a sample or make an Inquiry before buying this report by clicking the link below:
https://www.astuteanalytica.com/request-sample/infant-food-market
