Global Organic Baby Food Market is Expected to Reach US$ 11 Billion by 2024
by Chris jackson Market Research
According to the latest report by IMARC Group, titled “Organic Baby Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global organic baby food market size was nearly US$ 6 Billion in 2018. Organic baby food is produced and processed without the use of antibiotics, pesticides, growth hormones and other chemical additives. It is manufactured under strict standards and undergoes various inspections before gaining the organic label. As the initial years of infants and babies play a pivotal role in their overall growth, parents worldwide are shifting from conventional baby food products toward the organic variants.
Request for a free sample copy of this research report:
Although organic baby food is relatively expensive, the growing sales of these products can be attributed to increasing disposable incomes and improved distribution channels around the world. The demand for organic baby food is also rising as they help in limiting the exposure to the harmful chemicals used in conventional food production. Apart from this, the global food industry is currently experiencing a rise in the sales of organic as well as functional food products which, in turn, is strengthening the growth of the organic baby food market. Further, on account of their health benefits, governments in several regions are undertaking initiatives to encourage the production of organic food products. Looking forward, the market value is projected to reach US$ 11 Billion by 2024, expanding at a CAGR of 10% during 2019-2024.
For more information about this report, visit:
- Based on the product type, the market has been segregated into RTE (ready-to-eat) baby food, milk formula, dried baby food and others. Currently, RTE baby food represents one of the most widely consumed product types as it can be served immediately without the hassle of cooking.
- On the basis of the distribution channel, supermarkets and hypermarkets exhibit a clear dominance, holding the largest market share as they provide a one-stop shopping experience to shoppers. Other segments include specialty stores, convenience stores and online retailers.
- Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America is the biggest market, accounting for the majority of the total market share. This can be accredited to the rising parental concerns and high working female population in the region.
- The competitive landscape of the market has also been examined in the report. Some of the key industry players include Abbott Nutrition, Danone, Nestlé, Hero Group and Kraft Heinz.
Browse Similar Reports by IMARC Group:
Soy Food Market Research Report and Forecast:
Sweet Spreads Market Research Report and Forecast:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Follow us on twitter : @imarcglobal
Created on Jul 17th 2019 19:10. Viewed 338 times.