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Baby Food Market Size

Report ID: GMI3184
Published Date: Jan 2023
Report Format: PDF

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Baby Food Market Size

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.

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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.

Baby Food Market Report Attributes
Report Attribute	Details
Base Year:	2022
Baby Food Market Size in 2022:	USD 88 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.4%
2032 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:	Rising infant population Emerging middle-class population along with increasing women employment Rising applications of seaweed hydrocolloids in various industry verticals
Pitfalls & Challenges:	Stringent government regulations impacting the product sales Concerns associated with contamination of baby food and product recalls

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Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

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 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.

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.

Kewpie Corporation, Reckitt Benckiser Group plc., Danone S.A. (Nutricia), Milupa GmbH, The Kraft Heinz Company, and Nestlé are some of the leading manufacturers of baby food products globally.