Baby Food market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of XX.X% during the forecast period of 2019 to 2026.
Baby Foods are sources of nutrition for toddlers. They are manufactured with utmost care at every step of the process. This includes the selection of raw materials, the processing machines, and human touch if any. They cater to age groups of 4 months to 2 years.
Analysis by Product
Baby Foods are available in prepared and dried form. The prepared baby foods account for the larger portion of the industry. This segment is set for unprecedented growth as the number of moms engaged in the workforce is on the rise.
On the other hand, dried baby foods have an advantage of their own. Busy schedules of consumers will result in tremendous revenue gains for these products. They have a better shelf-life as compared to their prepared counterparts.
Analysis by Distribution Channel
Supermarkets as a distribution channel are leading the market size. Increasing numbers of supermarkets has a positive correlation with revenue growth of baby foods. The customers’ preference for supermarkets as a shopping destination for Baby Foods has started stiff competition among manufacturers to claim the best real estate on shelves.
Another remunerating distribution channel is E-commerce. This segment has an evergreen advantage of the ease of shopping from one’s home. Thus, it is also likely to get popular with the masses. Also, the internet is a growing medium of information dissemination on parenting. This has a positive impact on the customer’s buying preferences. Brands look to use Digital Marketing to get to their clients and E-commerce portals close the deals.
Analysis by Region
The Asia-Pacific region is on the rise. It will largely boost baby food sales in the forecast period. Online content on parenting will also have an impact on the ease with which baby foods will be ordered online. Women in the workforce is on the rise in developing regions such as these. Thus, the baby foods industry can leverage that by marketing their offering perfectly.
In Europe, consumption is on the rise. This is because of greater priority to nutrition for toddlers and a significant spending power of the consumers. The government norm’s in this region are very strict and thus, only the best manufacturers remain. Thus, a large market is being served by a relatively few players. This increases profitability numbers for these organizations. Moreover, organic baby foods are gaining the attention of the buyers. This will open up fresh avenues for manufacturers to enter into the arena.
Analysis by Market
Reckitt Benckiser, Nestle, Danone, Abbott, Kewpie Corporation and Hero group are some vital players in this industry. Almost all distribution networks and a mix of product portfolios are operated among these companies. As product innovation gets demanded by customers, acquisitions are made by large companies. These companies have the money to invest in R&D with the smaller businesses who are more hands-on. Some of these companies are showing interest in future cooperation and partnerships with able firms to capture a larger share of the market.
Most businesses are spending money on marketing to better read their customers. Other industries in this domain that are growing at a high CAGR include Global Baby Monitor Market and Global Food service Market.
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
By Distribution Channel Type Outlook ($Revenue and Unit Sales, 2019-2026)
• Convenience Stores
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• South Africa
• Saudi Arabia
• Reckitt Benckiser,
• Abbott, Danone,
• The Kraft Heinz Company,
• Hero Group,
• Kewpie Corporation,
• Bubs Australia Limited,
• Hain Celestial,
• Asahi Group,
• DMK Group GmbH,
• Friesland Campina,
• Milupa GmbH, P
• Z Cussons