Global Baby Food market outlook 2024, Forecast To 2033
25 Jan, 2024
The baby food market has seen robust growth, rising from $49.26 billion in 2023 to $52.62 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period is ascribed to changing lifestyles, nutritional awareness, working mothers, pediatric recommendations, and convenience and portability. Anticipating continued strength, the market is expected to reach $68.34 billion in 2028, maintaining a steady CAGR of 6.8%. Growth in the forecast period can be attributed to organic and natural products, homemade baby food trends, allergen-free options, sustainability, and eco-friendly packaging, along with online sales and delivery. Major trends in the forecast period include clean label products, organic and natural ingredients, allergen-free options, global flavors and ethnic diversity, and eco-friendly packaging.
Global Baby Food Market Key Driver
The baby food market is experiencing significant growth driven by the increasing working women population. By September 2022, the number of employed women in the United States rose from 72,295,000 to 74,349,000. This growth in the working women population is fueling the demand for convenient and nutritious baby food, driving the growth of the baby food market.
Get A Free Sample Of The Global Baby Food Market ReportGlobal Baby Food Market Segments
The global baby food market covered in this report is segmented –
1) By Type: Milk Formula, Dried Baby Food, Ready to Feed Baby Food, Other Types
2) By Category: Organic, Conventional
3) By Distribution Channel: Hypermarkets, Supermarkets, Drug Stores, Specialty Stores, Online
By Geography: The regions covered in the Baby Food market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the baby food market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the baby food market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Baby Food Industry Players
Abbott Nutrition, Bellamy Organics, Danone SA, Hero MotoCorp, Mead Johnson & Company LLC, Nestle SA, Perrigo Company plc, Royal FrieslandCampina NV, Hain Celestial Group Inc., Reckitt Benckiser Group plc, Kraft Heinz Company, Campbell Soup Company, Inner Mongolia Yili Industrial Group Company Ltd., Bristol-Myers Squibb Company, Deutsches Milchkontor GmbH, H.J. Heinz Company, Inner Mongolia Yili Industrial Group Co Ltd., SMA Nutrition, Aptamil, HiPP Gmbh & Co, Ella's Kitchen Group Ltd., Holle Baby Food, BUBS Australia Ltd., Happy Tot, NurturMe, Peter Rabbit Ltd., Pure Spoon, Serenity Kids Inc., Earth's Best Organic, Sprout Social Inc.
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Baby Food Market Overview
The baby food refer to the food products consumed by kids and infants. Baby food is any smooth, easily swallowed food that is created specifically for infants between the ages of four to six months and two years.
Baby Food Global Market Report 2023 provides data on the global baby food market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The baby food market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.