Global Baby Food and Drinks Market – Overview
As the name suggests “Baby Food and Drinks” is all about infant’s dietary food items to be consumed or eaten for meals or breakfasts. In today’s hustle bustle of life with growing number of working mothers; Baby Food and Drinks is proving to be a boon and due to its convenience it has taken the place of conventional & traditional food items. It’s not only about the convenience; sometimes mothers may be Baby Food and Drinks seem to be a great option.
According to a recent study report published by the Market Research Future, The Global Market of Baby Food and Drinks has increased its market growth in recent years and is expected to grow at a rapid pace during the forecast period. The global market of Baby Food and Drinks is forecasted to witness a thriving growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2027).
The baby food industry is one of the fastest growing segments in the global food market. Globally, the market for Baby Food and Drinks has been increasing due to increase in demand from the downstream markets; the key drivers for the market are rise in disposable income and demand for high quality products. Baby Food and Drinks Market has been significantly prompted by the growing number of women in labor force, increasing birth rates in emerging markets and high demand for prepared food. MRFR predicts that organic and various “free-from” baby foods will also see significant growth within the same forecast period.
However factors like increased breastfeeding activity due to government initiatives may hamper the market growth of Baby Food and Drinks up to some extent though not completely. Governments and other health organizations in various countries have launched campaigns to promote the advantages of breastfeeding in infants. Breastfeeding is generally considered as the best source of nutrition for infants up to the age of 6 months. Growing population of female professionals and lactating problems in women have fostered the adoption of baby food products.
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Global Baby Food and Drinks Market – Key Players
The Baby Food and Drinks Market are highly fragmented mainly due to the constantly changing consumer demands and preferences. Also, the market is highly competitive due to the presence of numerous players having regional and global presence. This further encourages players operating in the Baby Food and Drinks market to compete based on price, quality, innovation, reputation, and distribution. A number of brands have outlined plans to widen the penetration of their baby milks and keep children in the market for longer.
Profiled in MRFR some of the key players operating in Global Baby Food and Drinks Market are – Abbot Nutrition, Heinz Nature, Hipp organic, Cow&Gate, Nestle, Danone, Mead Johnson Nutrition, and Danalac.
Global Baby Food and Drinks Market – Segments
The highly competitive market of Global Baby Food and Drinks can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises baby milks, baby cereals & dry meals, baby meals, finger foods, baby drinks & other Baby foods.
Segmentation by Ingredients: Comprises Dairy, fruits & vegetables, grains and meat and others.
Segmentation by Packaging: Comprises Can, Box, Sachet, and Mason jar, Bottle & other packaging types and others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Baby Food and Drinks Market – Synopsis
Baby Food and Drinks market trends include increasing awareness on adequate nutrition, growing population of women professionals, food safety concerns, and rising urbanization. However, declining birth rates, popularizing breastfeeding through government initiatives and home cooking are the factors responsible for restraining the growth of the baby food market. Use of advanced technologies, innovations in baby food products and heavy investments in the emerging economies would drive the growth of the market.
The world health organization goal of 50% breastfeeding in the first six months of life by 2025 is forcing brands to look for new avenues of growth Unlike infant milk formula, which requires a global standard and tighter regulation on production and formulation, baby food – excluding milk – allows innovation in a wider range of flavors, textures and catering for various eating occasions Most parents will not be ready to compromise on their babies health; ingredients like sugar and salt do not have a place on ingredient lists
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Global Baby Food and Drinks Market – Regional Analysis
North-America and Europe has dominated the market for Global Baby Food and Drinks Market with the largest market share, accounting for astronomical amounts and is expected to grow further over multi million by 2027, Asia-Pacific and Middle East are the growing market for Global Baby Food and Drinks Market and are expected to grow at a substantial CAGR from 2016 to 2027.
Once the fastest growing segment in the developed markets of North America and Europe, today, the industry is booming in Asia-Pacific, MEA and Latin America.
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