NEWARK, DELL, Sept. 23, 2022 (GLOBE NEWSWIRE) — Future Market Insights estimates the global baby food market to grow at a steady CAGR of 4.6% over the assessment period 2022-2032 is expected to. The market size will reach US$73.8 billion in 2022 and is expected to reach US$115.8 billion by 2032.
Baby food continues to garner attention as one of the fastest growing retail products across the food and beverage industry. This is by capitalizing on rising consumer spending by middle-class and middle-class parents who are likely to accumulate market share for baby food.
Parents around the world buy baby food products exclusively to give their babies all the organic nutrients and healthier feeding options. is an important trend in
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- The baby food market is expected to be driven by surge in organized retail marketing activities and rate of urbanization. In addition, declining infant mortality rates, an increase in the number of working women, and increased consumer knowledge of cutting-edge baby food products have increased the demand for baby food globally.
- The baby food market is projected to witness a tremendous growth rate over the forecast period as parents become increasingly concerned about the health of their infants. The market for organic baby food is growing exponentially due to widespread awareness about the harmful effects of synthetic additives.
- Among other things, the baby food market is expected to flourish due to the widespread application of baby food in the development of baby’s brain, muscles and nervous system. Moreover, increasing consumer awareness of the various benefits of baby food is expected to boost its growth.
- To meet the nutritional needs of newborns and young children worldwide, industry-processed baby foods are gaining momentum in the global market due to increasing parental concerns about nutrition and modern time constraints.
- Parents’ busy lifestyles and growing interest in food, especially organic foods, have contributed significantly to the recent shift in the baby food market. It appears to be stocked with well-crafted foods available in a variety of liquid and solid flavors. The growing awareness of parents is expected to revitalize the baby food market.
- A survey conducted by the Organic Trade Association found that 84% of parents prefer organic foods for their infants. Foods grown as chemical-free as possible are safer and are the recommended choice for baby food.
- Consumer preferences have changed rapidly, especially since the Covid-19 pandemic, resulting in an increase in baby food through online channels to help consumers avoid going out.
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Competition in the baby food market is fierce due to the presence of large regional and national companies in several countries. Baby food product innovation is attracting new investors to enter the baby food market with a variety of new technologies and revenue generating strategies.
Major producers of arsenic, lead, cadmium, and mercury in food.
Key Players: Danone SA, Ausnutria Dairy Corporation Ltd, Reckitt Benckiser Group PLC, Abbott Laboratories, Nestlé SA, Feihe International Inc, Shijiazhuang Junlebao Dairy Co. Ltd, Yili Group, Royal Friesland Campina NV, The Kraft Heinz Company
More Insights into the Baby Food Market
Europe is expected to dominate market growth by accounting for approximately 20.8% of the global baby food market. The food market is expected to expand exponentially due to modern retail penetration, product awareness, rising disposable income, and increasing purchasing power.
North America is expected to account for approximately 11.1% market share over the forecast period. Baby food has a small market share in North America due to high median household income and a growing female workforce.
Baby food market by category
- milk formula
- dry baby food
- ready-to-eat baby food
- Other types
By distribution channel:
- convenience store
- online channel
- Other distribution channels
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table of contents
1.1.Global market outlook
1.2. Demand Side Trends
1.4.technology roadmap analysis
1.5.Analysis and recommendations
2. Market Overview
2.1. Market Scope/Taxonomy
2.2. MARKET DEFINITION/SCOPE/LIMITATIONS
3. Market Background
3.1. Market dynamics
3.2. Scenario prediction
3.2.1. Demand in an optimistic scenario
3.2.2. Demand in Likely Scenarios
3.2.3. Demand in a Conservative Scenario
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About Future Market Insights
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