by The baby food market consists of wide range of processed and ready-to-eat food products made for babies and toddlers between 4 months and 2 years of age. Baby food products help fulfill nutritional requirements of infants as well as relieves parents from the time-consuming baby food preparations.
The global Baby Food Market is estimated to be valued at US$ 50.47 Bn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The rise in working women population has been a key driver influencing growth of the baby food market. With more women joining workforce, they have less time for home-made baby food preparations. Ready-to-eat commercially packaged baby food products help working mothers to fulfill nutrition requirement of babies in busy lifestyles. Various baby food manufacturers have launched a wide range of variety in products from cereals, snacks to meals targeting the working population. Innovation in product offerings catering to nutritional needs and convenience has accelerated the demand and adoption of baby food products.
SWOT Analysis
Strength: The baby food market has high demand and growth prospects due to rising number of working women and growing awareness about the nutritional needs of babies.
Weakness: High research and development costs involved in product innovation and stringent regulations around baby food safety standards.
Opportunity: Potential for new product launches catering to different age groups and flavors. Growing middle-class populations in developing regions also offer new opportunities.
Threats: Trade barriers and fluctuations in availability and prices of raw materials used in baby food products.
Key Takeaways
The global Baby Food Market Share is expected to witness high growth over the forecast period of 2023 to 2030. The market size for baby food was valued at US$ 50.47 Bn in 2023 and is projected to grow at a CAGR of 3.5% during the forecast period.
Regional analysis comprises: North America accounts for the largest share of the global baby food market owing to rising health awareness and growing working women population in the region. Growing birthrates and increasing middle class in Asia Pacific provide strong growth opportunities with China and India emerging as major markets.
Key players operating in the baby food market are Echosens, HISKY Medical Technologies Co., Ltd. and SMEDA Medical Co., Ltd. Innovation and new product development focusing on different flavors, cultures and age groups of babies have helped key players strengthen their market presence globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
