Increase in Working Women Population Anticipated to Drive Baby Food Market: Ken Research
by Rati Ram Business DeveloperBaby food products are soft and easily consumed food
which are specifically made for human babies between four-six months and two
years old. These products consist of high nutrient content available in
multiple varieties,tastes, and forms. The products are either soft or liquid
paste which can be easily chewed by babies. There are two different types of
baby food including commercial and homemade baby food items. The homemade baby
food products are less expensive in comparison to the
other food items.
Baby
food market growth forecast
Global baby food items are witnessing high growth
owing to increase in health concern among the population of infants, followed
by rise in case of malnutrition among the children, decline in poverty rates,
growth in new product development,presence of large number of product
manufacturers and corresponding to raw material provided to industries coupled with
rise in disposable income in the developing and developed geographies.
Baby
Food Market Share
Based on geography, the North America and European
regions dominate the baby food market due to growth in adoption of new & innovative
baby food products launched by various manufacturers and increase in number of
working women in the region. The Asian-Pacific region is expected to witness the
fast growth on an account of increase in birth rate and rise in organized
retail marketing over the forecast period. It is also projected that future of
baby food market triggered by the rise in penetration of organic baby food coupled
with rise in availability of baby foodstuffs on e-commerce sites over the
forecast period.
Prepared
Baby Food Market Segmentation
Based on the prepared baby food, market is segmented
into purees, porridge, squash and other food items. Prepared baby food segment is
expected to dominate the market owing to increase in working women population
in the growing economies across the world. Based on age, market is segmented
into less than 6 months babies and 6 to 12 months babies. Based on nature,
market is segmented into organic and non-organic. Based on distribution
channel, market is segmented into hypermarkets, convenience stores, supermarkets,
online and others. Convenience stores channel estimated to witness fastest
growth rate due to increase in popularity of e-commerce websites, growth in
trend of purchase online and rise in penetration of internet & smartphones during
the forecast period.
Baby
Food Market Sales Revenue Millions
The global baby food market is projected to grow at
a CAGR of approximately 3.7% over the next five years, will reach US $78300
million in 2024, from US $63000 million in 2019.
Canned
Baby Food Market Analysis
Canned baby food are food items that are processed
by heat treatment and preserved in metal canes. In canning process, sufficient
heat is applied to food packed into airtight sealed containers to destroy
microorganisms. The food is heated below steam pressure at high temperatures.
The amount of time & heat required for processing is different for each
food type, which depends on its density, acidity etc. Key players operating in
the canned baby food market are Holle baby food, Gerber, HiPP Organic, Bolton
Group, ConAgra Foods, Del Monte Foods, Kraft Heinz, Beech Nut, Earth's Best
etc.
The canned
baby food product market analysis based on segmentation by type includes
fruits & vegetables, beans & legumes, milk, poultry, meat & fish,
soups and other prepared items. The global canned baby food product market is expected
to register high growth rate which is due to increase in workaholic lifestyles coupled
with low availability of inconvenience in buying fresh fruits & vegetables
to be cooked over the forecast period.
For more information on the research
report, refer to below link:
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Ankur Gupta,
Head Marketing & Communications
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Created on Dec 17th 2019 03:55. Viewed 268 times.