The global baby food market size was US$ 58.1 billion in 2021. The global baby food market is forecast to grow to US$ 121.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2022 to 2030.
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Because babies do not have the muscles or teeth to chew efficiently, baby food is provided to them. Baby food is a liquid, soft paste, or food that is easy to chew and comes in different forms. When nursing or infant formula isn’t enough to satisfy a child’s appetite, they frequently switch to baby formula. Certain foods that pose a choking threat, such as undercooked vegetables, grapes, or foods that may contain bones, should be avoided.
The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
Factors Influencing the Market
Growing awareness related to the mandatory need to provide efficient nutrients to the baby will drive the growth of the baby food market. Moreover, the benefits of baby food, such as proper infant formula along with the high percentage of protein, vitamins, minerals, and carbohydrates, will fuel the growth of the baby food market.
The growing e-commerce sector and consumer convenience will also benefit the baby food market in the coming years. In addition to that, the rising demand for organic baby food will offer lucrative growth opportunities for the market.
The rising incidents related to malnutrition and health problems in babies will escalate the growth of the baby food market. Growing urbanization and the busy lifestyle of people, especially women, will drive the demand for baby food during the analysis period. On the flip side, the high cost associated with baby food may limit the growth of the baby food market during the analysis period.
COVID-19 Impact Analysis
Baby food was designated as an important product during the COVID-19 epidemic. In addition, the fact that retail distribution channels were allowed to remain open further boosted the growth of the baby food market. Furthermore, the surge of innovation with essential components such as breast milk oligosaccharides (HMOs) and probiotics offered lucrative growth opportunities for the market. Further, manufacturers are required to develop goods that boost the immune system from infancy forward in the long run. Intensive R&D operations by numerous baby food companies would assist them in providing economical baby food.
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Regional Analysis
The Asia-Pacific baby food market is forecast to record the highest growth rate. The growth of the region is attributed to the growing sale and production of baby food. In addition, the rising population and presence of various industry players will bring lucrative growth opportunities for the baby food market.
Competitors in the Market
? DANONE
? Nestle SA
? Abbott Laboratories Inc.
? Royal Friesland Campina NV
? Pfizer Inc
? GlaxoSmithKline Plc, Bellamy Organics
? Mead Johnson & Company LLC
? Campbell Soups
? Dean Foods Co.
? Hain Celestial Group Inc.
? Other Prominent Players
Market Segmentation
The global baby food market segmentation focuses on Quality, Type, Distribution Channel, and Region.
By Quality
? Organic
? Conventional
By Type
? Milk Formula
? Dried Baby Food
? Ready to Feed Baby Food
? Others
By Distribution Channel
? Drugstores/ Pharmacies
? Supermarket/ Hypermarket
? Convenience Stores
? Online Channels
? Others
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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