Baby Food Industry Drivers, Size & Growth Insights 2024

The baby food global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Baby Food Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -

The baby food market size has grown strongly in recent years. It will grow from $49.26 billion in 2023 to $52.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%.  The growth in the historic period can be attributed to changing lifestyles, nutritional awareness, working mothers, pediatric recommendations, convenience and portability.

The baby food market size is expected to see strong growth in the next few years. It will grow to $68.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.  The 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, 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, eco-friendly packaging.

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Scope Of Baby Food Market

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Baby Food Market Overview

Market Drivers -

The increasing working women population is significantly driving the growth of the baby food market. The working women depend highly on baby food to keep their babies with proper nutrition as they cannot spend more time at home, leading to an increase in the demand for baby food. For instance, in September 2022, according to Bureau of Labor Statistics, a US-based government agency, the number of employed women (16 years and above) in September 2021 was 72295000 which increased to 74349000 in September 2022.  Hence, the growing working women population is expected to drive the growth of the baby food market in the coming years.

The 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

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Regional Insights -

Asia-Pacific was 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.

Key Companies -

Major companies operating in the baby food market include  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.

Table of Contents

1. Executive Summary

2. Baby Food Market Characteristics

3. Baby Food Market Trends And Strategies

4. Baby Food Market - Macro Economic Scenario

5. Global Baby Food Market Size and Growth

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33. Key Mergers And Acquisitions In The Baby Food Market

34. Baby Food Market Future Outlook and Potential Analysis

35. Appendix

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Baby Food Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Baby Food Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Baby Food Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 74: Abbott Nutrition Financial Performance

Table 75: Bellamy Organics Financial Performance

Table 76: Danone SA Financial Performance

Table 77: Hero MotoCorp Financial Performance

Table 78: Mead Johnson & Company LLC Financial Performance

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