Baby Food Market
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Baby Food Market size exceeded USD 88 billion in 2022 and is projected to expand at more than 5.3% CAGR from 2023 to 2032.
Increased consumer spending on newborn baby products and the growing global birth rate will boost the baby food market growth. Furthermore, the benefits of store-bought baby foods like its enhanced convenience in preparation and longer shelf-life will foster the product adoption.
Strict government regulations and new testing procedures and rules could impact product sales during the forecast period. For instance, the North America Federal Food, Drug, and Cosmetic Act (the Act), 21 USC 321 et seq., which was passed in May 2022, mandates requirements related to the nutrient content, quantity, quality, record keeping, and recalling of infant formulas. Concerns related to product contamination and recalls could impact the revenue of baby food businesses and manufacturers.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Baby Food Market Size in 2022: | USD 88 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 5.4 |
| 2023 Value Projection: | USD 150 Billion |
| Historical Data for: | 2018 to 2022 |
| No of Pages: | 700 |
| Tables, Charts & Figures: | 556 |
| Segments Covered: | Product, Distribution Channel, Age Group, Category and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Baby food market from the convenience stores segment is predicted to observe nearly 5.7% growth rate till 2032. These stores are entirely based on customer preference and sell all types of basic essential food items including baby food. Convenience stores are present at close distances to residential areas and few of them are also open 24*7.
The market size for dried baby food is set to witness over 5.6% CAGR till 2032. Fruits, cereals, vegetables, and other dried foods are a part of the dried infant foods. While freeze-dried foods are gaining popularity as they preserve nutrients and increase preparation convenience. Many companies are working on the development of new freeze-dried products to meet consumer requirements.
The infant baby food products are anticipated to reach USD 58 billion by 2032. These foods are precisely made for infants or babies above 6 months. Meats, vegetables, protein-rich foods, infant formula, etc. are some of the available food items in this segment which provide the necessary amount of nutrients for an infant's growth and development. Newborns with inadequate weaning diets or low iron levels can gain extra nourishment from infant baby foods.
Europe baby food market revenue is slated to attain approximately 5.6% gains through 2032, owing to the rising domestic consumption and demand for infant foods from regional manufacturers. The requirement for more convenient, nourishing, and varieties of infant food is one of the factors that will contribute to the development of new baby food products. The increasing focus of customers on baby health will reinforce the demand for natural and organic food.
The prominent players in the baby food market include
New product launches, strategic partnerships, mergers, and other initiatives are being used by companies to expand their business.
The impact of the COVID-19 pandemic on the global baby food industry has been adverse due to the issues in the supply chain. However, the need for healthy food and good immunity also boosted the purchase of these products through online platforms. The lockdown restrictions affected the production process as manufacturing units were shut down. With the ease of restrictions and opening of borders, the demand for these products is increasing and is anticipated to fuel the industry expansion.
Market Insights, By Product
Market Insights, By Distribution Channel
Market Insights, By Age Group
Market Insights, By Category
The above information has been provided for the following regions and countries:
Kewpie Corporation, Reckitt Benckiser Group plc., Danone S.A. (Nutricia), Milupa GmbH, The Kraft Heinz Company, and Nestl
The market size of baby food was amounted at over USD 88 billion in 2022 and is anticipated to record more than 5.3% CAGR from 2023 to 2032.
The baby food industry in Europe is forecasted to record a 5.6% CAGR from 2023 to 2032 owing to the rising domestic production and sales of infant food items.
The convenience stores segment is expected to observe a 5.7% CAGR between 2023 and 2032, due to easy availability of different types of baby food brands at these stores.