How big is the Global Baby Food market?
According to MarkNtel Advisors study, The Global Baby Food Market size was valued at around USD 69.76 Billion in 2022 and is estimated to grow at a CAGR of about 1.2% during the forecast period, i.e., 2023-30.
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Global Baby Food Market Trend:
Growing Inclination toward Plant-Based & Clean-Label Foods – The market for baby food has witnessed rapid innovation that includes ingredients such as probiotics and human milk oligosaccharides found in baby food items. The need for clean-labeled, plant-based, and organic food is rising rapidly across different regions. This trend of shifting from chemical components to plant-based food is predicted to accelerate over the next several years, prompting the market players to launch babies’ such food, in turn, leading to increased market size.
In April 2022, Nestlé-owned Gerber unveiled its inaugural plant-based baby food line known as “Plant-tactic.” This exciting product line encompasses a comprehensive selection of organic plant-based toddler foods, from convenient pouches and delectable snacks to wholesome bowls. With this launch, Gerber aims to cater to the growing demand for plant-based options among health-conscious parents, offering nutritious and flavorful choices for their little ones.
Leading Companies in the Global Baby Food market:
Nestle SA
Danone Groupe
Feihe International Inc
Reckitt Benckiser Group Plc (RB)
Abbott Laboratories Inc
Royal Fri e s l a ndCa mpi na NV
Shijiazhuang Junlebao Milk Co Ltd
Australia Ausnutria Dairy Pty Ltd
Inner Mongolia Yili Industria l Group Co Ltd
Hipp GmbH
Kraft Heinz Co
Health & Happiness (H&H) International Holdings Ltd
Progress OAO
Vietnam Dairy Products JSC
Hero Group GmbH
Morinaga Milk Industry Co Ltd
a2 Milk Co Ltd
Hain Celestial Group Inc
Others
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Global Baby Food Market Segmentation:
By Type of Food
Dried Baby Food
Prepared Baby Food
Milk Formula
Standard Milk Formula
Liquid Standard Milk Formula
Powder Standard Milk Formula
Follow-on Milk Formula
Liquid Follow-on Milk Formula
Powder Follow-on Milk Formula
Growing-Up Milk Formula
Liquid Growing-Up Milk Formula
Powder Growing-Up Milk Formula
Other Milk Formula
Other Baby Food
By Origin
Organic
In Organic
By Sales Channel
Store Based
Grocery Stores
Pharmacies
Others (Health & Supplement Stores, etc.)
Online
Of them all, store-based sales are anticipated to dominate the Global Baby Food Market with the largest share during 2023-30.
Regional/ Countries Insight:
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
Of all regions globally, Asia-Pacific, with around 56.34% market share, is both the largest & fastest growing Baby Food industries, mainly due to the swiftly rising population, increasing consumer expenditure on such products, and busy lifestyle of the people.
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