0

Baby Food Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR43476
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The baby food market share is expected to increase by USD 6.75 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.38%.

This baby food market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers baby food market segmentations by type (prepared baby food, dried baby food, and other baby food) and geographic (APAC, North America, Europe, South America, and MEA). The baby food market report also offers information on several market vendors, including Abbott Laboratories, Cargill Inc., Danone SA, Hero Group, Nestle SA, Perrigo Co. Plc, Reckitt Benckiser Group Plc, Royal FrieslandCampina NV, The Hain Celestial Group Inc., and The Kraft Heinz Co. among others.

What will the Baby Food Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Baby Food Market Size for the Forecast Period and Other Important Statistics

 

Baby Food Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing women's participation in the workforce is notably driving the baby food market growth, although factors such as product recalls may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the baby food industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Baby Food Market Driver

One of the key factors driving the baby food market growth is the increasing women's participation in the workforce. Urbanization and the growth of the middle-class population have encouraged consumers to adopt convenience-oriented lifestyles, which is likely to make baby food products a necessary option among working women. A majority of working mothers return to their jobs shortly after childbirth and are therefore on the lookout for healthy and convenient food options for their babies. This makes baby food products an appealing option as they can combine health and nutrition with convenience. The number of working women in several developed, as well as developing countries, has increased substantially in recent years. According to the Bureau of Labor Statistics, women held approximately 50.04% of American jobs as of December 2019, registering a growth of about 49.7% compared to the previous year. This increase in the number of working women on a global level has also led to an increase in dual-income households and the per capita income of families, thereby strengthening their purchasing power and increasing their affordability. This will be a major factor in driving the growth of the global baby food market during the forecast period.

Key Baby Food Market Trend

Another key factor driving the baby food market growth is the growing packaging innovation. Packaging is often considered to be an extension of a brand's value. Good packaging not only provides better protection and tamper resistance, but it can also be used for marketing. Marketing communication and graphic designs on the surface of the package help garner customer attention. Therefore, baby food manufacturers are adopting innovative packaging strategies to increase the shelf life of their products and attract consumers. Vendors operating in the global baby food market continue to experiment with novel packaging concepts and invest heavily in the development of innovative, eco-friendly, and recyclable alternatives to conventional packaging. In February 2020, Danone announced the launch of Track & Connect, a digitally-enabled service that enables access to new data-driven, personalized after-sales support and services for the company's baby formula brands like Aptamil, Karicare, Laboratoire Gallia, and Nutrilon. The focus of vendors on offering baby food products in attractive packaging, coupled with other packaging innovations in the market, can help increase the sales of baby food products and, subsequently, have a positive impact on the growth of the global baby food market during the forecast period.

Key Baby Food Market Challenge

Increasing number of product recalls is one of the key challenges hindering the baby food market growth. Manufacturers of baby food products issue product recall due to various factors such as product contamination and incorrect labeling. Frequent product recalls can severely affect a company's brand image, sales, and growth. Product recalls increase the operational and financial costs for companies operating in the market. They can adversely affect market growth as consumers lose confidence in the products and the reputation of manufacturers issuing recalls. Manufacturers may also incur additional costs in the form of compensation for settling various legal litigations filed against them. In February 2020, Lidl GB (Lidl) recalled ten different types of baby food of its private brand, Lupilu Organic Baby Food, due to the possible presence of mold in the products. In January 2020, Cow & Gate (a popular brand of Danone), along with Tesco, announced the recall of 15 types of baby food jars as a precautionary measure due to the possible contamination of some jars.

This baby food market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global baby food market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the baby food market during the forecast period.

Who are the Major Baby Food Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Abbott Laboratories
  • Cargill Inc.
  • Danone SA
  • Hero Group
  • Nestle SA
  • Perrigo Co. Plc
  • Reckitt Benckiser Group Plc
  • Royal FrieslandCampina NV
  • The Hain Celestial Group Inc.
  • The Kraft Heinz Co.

This statistical study of the baby food market encompasses successful business strategies deployed by the key vendors. The baby food market is fragmented and the vendors are deploying growth strategies such as new product launches, employing innovative marketing strategies, and various packaging innovations to compete in the market.

Product Insights and News

  • Abbott Laboratories  - Through the brand SIMILAC, the company offers diverse line of research driven products that provide the essential protein, minerals, and other nutrients to support an infants growth. It includes SIMILAC PROBIOTIC TRI BLEND, SIMILAC PRO ADVANCE, SIMILAC ADVANCE FOR NEURO SUPPORT etc.
  • Abbott Laboratories - In November 2020, the company launched its most innovative infant formula, Similac Pro Advance, which is the first product in Canada.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The baby food market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Baby Food Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the baby food market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by vendors to ensure a sustainable market presence.

Which are the Key Regions for Baby Food Market?

For more insights on the market share of various regions Request for a FREE sample now!

59% of the market’s growth will originate from APAC during the forecast period. China and Hong Kong (SAR) are the key markets for baby food in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing number of working women is leading to a rise in the overall household income will facilitate the baby food market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In December 2019, the novel coronavirus disease (COVID-19), a contagious respiratory disease, was first detected in Wuhan in China. The disease became a pandemic and has, to date, severely impacted the lives of thousands of people in China and across the world. Since the disease has a high human-to-human transmission rate, it is spreading rapidly. A rise in the number of people suffering from different diseases in APAC countries is expected to decrease the volume sales of baby food products, although the demand for them is significantly high. This has hampered the growth of the baby food market in the region in 2020. The outbreak of COVID-19 has negatively impacted the growth of the regional baby food market in 2020 because of the restrictions on distribution channels and disruptions in supply chains during the lockdown period. On the other hand, the rising number of malnutrition cases and health concerns over the overall growth of infants are the key factors driving the global organic baby food market in 2021.

What are the Revenue-generating Type Segments in the Baby Food Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The baby food market share growth by the prepared baby food will be significant during the forecast period. Prepared baby foods are fortified with the necessary amount of iron and other nutrients that are essential for the growth of babies. Globally, demand for prepared baby food is rising, owing to factors such as growing consumer awareness about the health benefits of consuming food products that have fewer pesticide residues.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the baby food market size and actionable market insights on post COVID-19 impact on each segment.

 

Baby Food Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.38%

Market growth 2021-2025

$ 6.75 billion

Market structure

Fragmented

YoY growth (%)

4.88

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 59%

Key consumer countries

China, US, Hong Kong (SAR, Russian Federation, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Abbott Laboratories, Cargill Inc., Danone SA, Hero Group, Nestle SA, Perrigo Co. Plc, Reckitt Benckiser Group Plc, Royal FrieslandCampina NV, The Hain Celestial Group Inc., and The Kraft Heinz Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Baby Food Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive baby food market growth during the next five years
  • Precise estimation of the baby food market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the baby food industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of baby food market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Packaged Foods and Meats

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five Forces Summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 Prepared baby food - Market size and forecast 2020-2025
      • Exhibit 17: Prepared baby food - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Prepared baby food - Year-over-year growth 2020-2025 (%)
    • 5.4 Dried baby food - Market size and forecast 2020-2025
      • Exhibit 19: Dried baby food - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Dried baby food - Year-over-year growth 2020-2025 (%)
    • 5.5 Other baby food - Market size and forecast 2020-2025
      • Exhibit 21: Other baby food - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Other baby food - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 23: Market opportunity by Type

    6 Customer landscape

    • 6.1 Customer landscape
      • Exhibit 24: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 25: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 26: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 27: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 37: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 38: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 39: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 40: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 41: Landscape disruption
          • Exhibit 42: Industry risks
        • 9.3 Competitive Scenario

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 43: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 44: Market positioning of vendors
          • 10.3 Abbott Laboratories
            • Exhibit 45: Abbott Laboratories - Overview
            • Exhibit 46: Abbott Laboratories - Business segments
            • Exhibit 47: Abbott Laboratories -Key news
            • Exhibit 48: Abbott Laboratories - Key offerings
            • Exhibit 49: Abbott Laboratories - Segment focus
          • 10.4 Cargill Inc.
            • Exhibit 50: Cargill Inc. - Overview
            • Exhibit 51: Cargill Inc. - Product and service
            • Exhibit 52: Cargill Inc. -Key news
            • Exhibit 53: Cargill Inc. - Key offerings
          • 10.5 Danone SA
            • Exhibit 54: Danone SA - Overview
            • Exhibit 55: Danone SA - Business segments
            • Exhibit 56: Danone SA -Key news
            • Exhibit 57: Danone SA - Key offerings
          • 10.6 Hero Group
            • Exhibit 58: Hero Group - Overview
            • Exhibit 59: Hero Group - Business segments
            • Exhibit 60: Hero Group -Key news
            • Exhibit 61: Hero Group - Key offerings
            • Exhibit 62: Hero Group - Segment focus
          • 10.7 Nestle SA
            • Exhibit 63: Nestle SA - Overview
            • Exhibit 64: Nestle SA - Business segments
            • Exhibit 65: Nestle SA -Key news
            • Exhibit 66: Nestle SA - Key offerings
            • Exhibit 67: Nestle SA - Segment focus
          • 10.8 Perrigo Co. Plc
            • Exhibit 68: Perrigo Co. Plc - Overview
            • Exhibit 69: Perrigo Co. Plc - Business segments
            • Exhibit 70: Perrigo Co. Plc -Key news
            • Exhibit 71: Perrigo Co. Plc - Key offerings
            • Exhibit 72: Perrigo Co. Plc - Segment focus
          • 10.9 Reckitt Benckiser Group Plc
            • Exhibit 73: Reckitt Benckiser Group Plc - Overview
            • Exhibit 74: Reckitt Benckiser Group Plc - Business segments
            • Exhibit 75: Reckitt Benckiser Group Plc -Key news
            • Exhibit 76: Reckitt Benckiser Group Plc - Key offerings
            • Exhibit 77: Reckitt Benckiser Group Plc - Segment focus
          • 10.10 Royal FrieslandCampina NV
            • Exhibit 78: Royal FrieslandCampina NV - Overview
            • Exhibit 79: Royal FrieslandCampina NV - Business segments
            • Exhibit 80: Royal FrieslandCampina NV -Key news
            • Exhibit 81: Royal FrieslandCampina NV - Key offerings
            • Exhibit 82: Royal FrieslandCampina NV - Segment focus
          • 10.11 The Hain Celestial Group Inc.
            • Exhibit 83: The Hain Celestial Group Inc. - Overview
            • Exhibit 84: The Hain Celestial Group Inc. - Business segments
            • Exhibit 85: The Hain Celestial Group Inc. -Key news
            • Exhibit 86: The Hain Celestial Group Inc. - Key offerings
            • Exhibit 87: The Hain Celestial Group Inc. - Segment focus
          • 10.12 The Kraft Heinz Co.
            • Exhibit 88: The Kraft Heinz Co. - Overview
            • Exhibit 89: The Kraft Heinz Co. - Business segments
            • Exhibit 90: The Kraft Heinz Co. -Key news
            • Exhibit 91: The Kraft Heinz Co. - Key offerings
            • Exhibit 92: The Kraft Heinz Co. - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 93: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 94: Research Methodology
              • Exhibit 95: Validation techniques employed for market sizing
              • Exhibit 96: Information sources
            • 11.4 List of abbreviations
              • Exhibit 97: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
            Interested in this report?
            Get your FREE sample now!
            The baby food market growth will increase by $6747.62 million during 2021-2025.
            The baby food market is expected to grow at a CAGR of 5.38% during 2021-2025.
            Technavio has segmented the baby food market by type (Prepared baby food, Dried baby food, and Other baby food) and geographic (APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA).
            Abbott Laboratories, Cargill Inc., Danone SA, Hero Group, Nestle SA, Perrigo Co. Plc, Reckitt Benckiser Group Plc, Royal FrieslandCampina NV, The Hain Celestial Group Inc., The Kraft Heinz Co. are a few of the key vendors in the baby food market.
            APAC will register the highest growth rate of 59.36% among the other regions. Therefore, the baby food market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            • China
            • US
            • Hong Kong (SAR
            • Russian Federation
            • UK
            The key factors driving the baby food market growth are:
            • Increasing women's participation in the workforce
            • Growing packaging innovation
            The baby food market vendors should focus on grabbing business opportunities from the prepared baby food segment as it accounted for the largest market share in the base year.
            Safe and Secure SSL Encrypted
            Technavio

            Single User:

            2500 USD

            Technavio Get the report (PDF) sent to your email within minutes.

            Subscribe & Save

            Get lifetime access to our
            Technavio Insights

            Want to customize this report?

            This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

            We offer $1000 worth of FREE customization at the time of purchase
            Technavio
            Enquire Before Buying
            1. Home
            2. Consumer Staples
            3. Published Report
            17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>