Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The Global Baby Food Market fueling the market growth rate owing to emerging nutrient concern and changing lifestyle
The global baby food market anticipated growing with USD 40 billion with bolstering CAGR in the forecast period from 2020-2027. The emerging demand for baby food is increasing in the global market owing to the rise in disposable income, changing lifestyle, growing nutrients concern among parents for their newborn babies.
The evolving demographics and social structure of the world have bolstered the market for working women, thus driving the market demand for the baby food market. Moreover, baby food produced to provide soft and nutritious food to babies between six months to two years of age. It plays an essential role in delivering complement nutrients with mother's milk to the baby.
Moreover, baby food also made to balance the required nutrients for the baby with non-lactation and helps in growing and developing like other children. It balances the requirement of various nutrients needed by the babies to grow, which they might not get in home-cooked food. Therefore, baby food is produced with specific parameters to maintain the quality and safety of the children.
Product Type overview in the Global Baby Food Market
Based on the product type, the global baby food market segment into Dried baby food, prepared baby food, milk formula, and Other Baby Food. The milk formula segment estimated to dominates the maximum share of the global baby food market in the forecast period from 2020-2027. It is mainly due to the requirement for milk is majorly required in the initial months as an infant is not able to digest any solid substance and also has not to taste buds. Moreover, after six months, prepared baby food is given to the infant after their taste buds get to develop, which helps in providing sufficient nutrients required for the growth of the baby. Therefore, prepared baby food will dominate the market of global baby food in the forecast period.
Distribution Channel overview in the Global Baby Food Market
Based on the distribution channel, the global baby food market classified into Supermarkets, Hypermarkets, Small grocery retailers, Health and beauty retailers, and others. Supermarkets dominated the largest market share in the global baby food market. The demand for supermarkets is increasing owing to the easy availability and accessibility of baby food. Moreover, the other segment includes e-commerce is bolstering the market growth for the baby food market and will continue to grow in the forecast period. It is mainly owing to the working population of women who are driving the online baby food market as it saves time.
Region overview in the Global Baby Food Market
Based on geography, the global baby food market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific region is capturing the largest market share of the global baby food market. It is mainly owing to the growing population and changing the working culture of the parents is rising demand for baby food in the Asia Pacific region.
Global Baby Food Market: Competitive Landscape
Companies such as Nestle, Danone, Mead Johnson, Abbott laboratories, Hero-Group, Perrigo Company, Bellamy Organics, Hain Celestial Group, Campbell soups, Friesland Campina and others are key players in the global baby food market.