Global Baby Food Market: Market Segments: By Quality (Organic and Conventional): By Type (Milk Formula, Dried Baby Food, Ready to Feed Baby Food, Others): By Distribution Channel (Drugstores/ Pharmacies, Supermarket/ Hypermarket, Convenience Stores, Online Channels, Others): Global Analysis by Market size, share & trends for 2019-2020 and forecasts to 2030
Global Baby Food Market: Market Segments: By Quality (Organic and Conventional): By Type (Milk Formula, Dried Baby Food, Ready to Feed Baby Food, Others): By Distribution Channel (Drugstores/ Pharmacies, Supermarket/ Hypermarket, Convenience Stores, Online Channels, Others): Global Analysis by Market size, share & trends for 2019-2020 and forecasts to 2030
Product overview
Baby food is a liquid, soft paste or food that is easy to chew because babies do not have the muscles and teeth developed to chew effectively. Babies often switch to baby formula when breastfeeding or infant formula is not enough for the child's appetite. Teeth to switch to solid food. Caution should be exercised with certain foods that present a choking hazard, such as undercooked vegetables, grapes, or foods that may contain bones. Babies begin to eat liquid baby food consisting of pureed vegetables and fruits, sometimes mixed with rice grains and infant formula, or breast milk. Small, soft, or lumpy pieces can be added as the baby can chew better. Caution is advised as babies with teeth have the ability to break chunks of food, but do not have the back molars to the molars, so the food can be carefully chopped or pre-chewed or broken into pieces that your baby can handle.
Market Highlights
The Global Baby Food Market is predicted to project a notable CAGR of 7.97% in 2030.
The Global Baby Food Market to surpass USD 124.21 billion by 2030 from USD 57.69 billion in 2020 at a CAGR of 7.97% within the coming years, i.e., 2020-30. Growing awareness of nutrition, the rise of organized retail marketing, urbanization combined with a significant increase in the female workforce are key factors driving the growth of the Global Baby Food Market. Feeding babies homemade food is the major limitation in the Global Baby Food Market. Parents demand the highest safety and quality standards in infant nutrition. The major players in the Global Baby Food Market are constantly reforming the products to make them more attractive to parents and babies.
Recent News and Developments:
• In 2020 Danone SA acquired Murray Goulburn Dairy (Qingdao) Co. Ltd from Saputo Dairy Australia. This transaction includes an infant formula brand and facility in Qingdao and was completed in June 2020. Infant formula production facility in China.
• In 2019, Nestlé opened a maternity and infant nutrition research and development center in Ireland that will focus on scientific research to support innovation in milk-based maternal and infant nutrition products for the global market.
Global Baby Food Market: Segments
Organic Formula segment to grow with the highest CAGR during 2020-2030
The Global Baby Food Market is segmented by Quality into Organic and Conventional. The Organic segment is expected to grow with a significant CAGR in 2020-2030. With the increase in malnutrition and health problems in babies, the demand for organic baby food is growing enormously. Consumers are willing to spend a little more on high-quality organic food. Food Organic food does not contain any preservatives, artificial colors or flavors, which guarantees the quality of these products.
Global Baby Food Market: Market Dynamics
Drivers
Increasing Awareness of right nutrition
Today, parents are increasingly aware of the effects of proper nutrition on the overall growth and development of their child. As a result, they are shifting to baby food and infant formula rich in protein, vitamins, minerals and carbohydrates and increasing sales of baby food. These products are mostly available in powder form that can be mixed with water or milk. In addition, due to increasing consumer awareness, manufacturers are introducing organic baby food, premium and minimally processed varieties, and infant formula varieties.
Restraints
High product costs
Growing consumer purchasing power, various brands available in the market, and increasing industrialization are driving Global Baby Food Market growth around the world, however, high product costs are expected to constrain market growth in global baby foods during the rise in breastfeeding due to government initiatives, falling birth rates, and food safety are some other important factors that are holding back the growth of the Global Baby Food Market
Impact of COVID19 on the Global Baby Food Market
During the COVID19 pandemic, baby food was marked as an essential commodity and as key retail distribution channels were allowed to remain open, warehousing led to a significant increase in retail sales. Developed and developing countries have seen slower growth due to the disruption in the supply chain as consumers spend less during the economic downturn. Global Baby Food Market growth is expected due to the wave of innovation with key ingredients such as breast milk oligosaccharides (HMOs) and probiotics. In the long term, manufacturers are expected to develop products that support the immune system from infancy.
Global Baby Food Market:
Key Players
• DANONE
Company Overview, Business Strategy, Key Product Offerings, financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
• Nestlé SA
• Abbott Laboratories Inc.
• Royal Friesland Campina NV
• Pfizer Inc
• GlaxoSmithKline Plc, Bellamy Organics
• Mead Johnson & Company LLC
• Campbell Soups
• Dean Foods Co.
• Hain Celestial Group Inc.
Global Baby Food Market: Regions
Global Baby Food Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The Asia-Pacific region excluding Japan will continue to be the most lucrative market for the sale and production of baby food. The demand for baby food in developed markets such as North America and Europe will remain stable over the forecast period
Global Baby Food Market report also contains analysis on:
Global Baby Food Market Segments:
• By Quality
o Organic
o Conventional
• By Type
o Milk Formula
o Dried Baby Food
o Ready to Feed Baby Food
o Others
• By Distribution Channel
o Drugstores/ Pharmacies
o Supermarket/ Hypermarket
o Convenience Stores
o Online Channels
o Others
• Global Baby Food Market Dynamics
• Global Baby Food Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value chain of the Market
• Market Drivers and Restraints
Contents
1. Executive Summary
2. Global Baby Food Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Baby Food Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global Baby Food Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Baby Food Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Quality: Market Share (2020-2030F)
12.2.1. Organic, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Conventional, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Type: Market Share (2020-2030F)
12.3.1. Milk Formula, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Dried Baby Food, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Ready to Feed Baby Food, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Distribution Channel: Market Share (2020-2030F)
12.4.1. Drugstores/ Pharmacies, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Supermarket/ Hypermarket, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.3. Convenience Stores, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.4. Online Channels, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13 Company Profile
13.1. DANONE
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Nestlé SA
13.3. Abbott Laboratories Inc.
13.4. Royal Friesland Campina NV
13.5. Pfizer Inc
13.6. GlaxoSmithKline Plc, Bellamy Organics
13.7. Mead Johnson & Company LLC
13.8. Campbell Soups
13.9. Dean Foods Co.
13.10. Hain Celestial Group Inc.
13.11. Other Prominent Players
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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