Global Baby Food & Infant Formula Market Forecast

The Global Baby Food and Infant Formula Market is a highly dynamic and growing market that offers lucrative opportunities for players in the industry. The market is driven by factors such as the increasing number of working mothers, rising awareness about the benefits of nutritious and specialized baby food, and the growing disposable income of parents.

Mumbai, Maharashtra, India., February 10, 2023 - /PressReleasePoint/ - The Global Baby Food and Infant Formula Market has experienced tremendous growth in recent years but the market could not save itself from the inverse impact of the virus spread that led to rise in inflation, decline in household income and disruption in supply chain. However, impact of virus over the global infant formula market didn’t stay for long and market started recovering soon after the first wave. The industry is growing due to rising health and nutrition concerns for babies, as well as a lack of time for food preparation. In addition, growing nutrition awareness, organized retail advertising strategies, and surging women working population are factors boosting the demand for baby food across the world. Moreover, the increasing concerns about food safety, dropping birth rates, and the practice of giving home-cooked infant food are some of the restraining factors that are limiting the market's growth. The Global Baby Food and Infant Formula Market is segmented by type, product, channel of distribution, and geography. The market is divided into two types of baby food conventional and organic.

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In 2021, the Conventional category held the largest market share in global baby food industry. By product type the Milk Formula holds the largest market share of the baby food market in 2021. The milk formula sector dominates the global baby food market majorly due to rising Breast-feeding issues in women and increasing professional women's therefore they choose prepared milk-based infant food.

In terms of regional performance, Asia Pacific region is the highest revenue contributor and in 2021, Asia Pacific Baby Food revenue accounted for USD ~ billion in 2021 followed by Europe, North America and LAMEA. By region APAC is both the world's largest and fastest-growing region for baby food and infant formula market. Due to its growing population, busy lives, and rising consumer spending, it is projected to be quite active in the next years. The growth global baby food market in the region is influenced by the rising penetration of modern retail and product awareness, as well as rising disposable incomes and purchasing power. Consumers in the region favor non-grocery specialty retailers such as drugstores/pharmacies, while online channels are also popular.

Further Key Findings

• Global Baby Food Market & Impact of Covid-19: The virus outbreak impacted the supply of baby food for a short period of time due to the implications of global lockdown. Due to indigent logistics, traffic management, and restrictions on public mobility in affected countries around the world, key players and vendors had issues in raw material supply, resulting in supply interruptions.
• Innovation in Ingredients: parents are increasingly becoming aware of the impact of the right nutrition on the child’s overall growth and development. As a result, they are shifting toward baby food and infant formula products that are rich in proteins, vitamins, minerals and carbohydrates. These elements are mostly available in powdered form, which can be mixed with water or milk. Rising health concerns towards the overall development of the baby and the growing number of malnutrition cases are the key factors driving the growth of the market.
• Increasing demand for Global Organic Baby Food Market: The organic food category is a key growth area for the baby food market, both in prepared baby food and in milk formula. It helps the market players in the industry to build brand images about the natural ingredients in their products. The performance of premium products has been strong in recent years, thereby fueling the growth of the market globally.
• Improved Safety and Quality Standards: In comparison to other food categories, the standards and regulations for baby food are more stringent and rigorous in order to ensure adequate safety. The establishment of this and further national, regional, and global standards and regulations on infant formulae and baby foods have contributed to the very high level of safety of such products that are in place today. Quality standards and product specifications have to strictly be met by the manufacturers in the baby food industry.

The report titled “Global Baby Food and Formula Milk Market Performance An Outlook to 2027–COVID-19 Impact Assessment” gives detailed analysis of the baby food industry performance considering the past, present and future trends with assessment of the macro-economic factors. There is regional level assessment carried out of the market performance covering North America, Europe, Asia Pacific and Middle East and African markets. The study helps key decision makers, policy makers, investors and new players in the market to gain industry insights.

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The report on Global Baby Food and Infant Formula Market helps to answer below mentioned areas:
 

1. To evaluate the present market scenario of Global baby food and infant formula Market that covers market prospects and challenges involved.
2. To assess how baby food market has performed during pre-covid scenario and what impact did the COVID left over the industry?
3. To study the future growth of the global baby food market.
4. How Europe baby food revenue has performed in the past and what are the future opportunities
5. To study North America baby food market is performing?
6. To study global infant formula market demand and factors driving the growth
7. To study how dried baby food is placed and what is the dominant segment in the baby food market?
8. Assess Middle East baby food market future growth?
9. How organic baby food market is placed and what is the future?
10. How online retailing is driving global baby food market demand and what percentage this segment contributes?
11. To study how global baby food market is placed in different regions worldwide and what are the major economies driving the industry growth?
12. Who are the leading players and what is their present financial performance?

Find out more- Global Baby Food and Formula Milk Market Performance An Outlook to 2027


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