Baby food products such as cereals, milk formulas, snacks ensure proper nourishment for infants enabling healthy growth and development in babies. They are formulated using ingredients that are easily digested by babies, rich in essential nutrients like vitamins, proteins, prebiotics and probiotics. The rising awareness amongst parents about the importance of nutrition in early childhood is fueling the demand for baby foods globally.
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 demand for nutritious baby food has been rising over the past few years. Parents are increasingly opting for organic and non-GMO (genetically modified organisms) baby food products manufactured using clean label ingredients. They want to ensure their babies get the best nutrition while avoiding chemical preservatives and artificial sweeteners/colors. Baby food companies have been responding to this demand by innovating new product lines using organic fruits and vegetables, whole grains and prebiotic/probiotic ingredients. This shift towards natural and organic baby food products is expected to continue during the forecast period, driving the overall baby food market growth.
Segment Analysis
The baby food market is dominated by the 0-6 months segment as infants during this age need breast milk or infant formula. The 0-6 month segment accounts for over 40% of the market share as exclusive breastfeeding is recommended till 6 months of age. This segment is expected to witness growth during the forecast period due to rising awareness regarding the importance of nutrition in early developmental stages.
Key Takeaways
The Global Baby Food Market Size is expected to witness high growth.
Regional analysis: Asia Pacific region dominates the global baby food market and is expected to witness the highest growth during the forecast period. The large population, rising disposable incomes, and increasing awareness regarding baby nutrition in countries such as China and India is contributing to the growth of the baby food market in Asia Pacific.
Key players operating in the baby food market are Echosens, HISKY Medical Technologies Co., Ltd. and SMEDA Medical Co., Ltd.. The global baby food market is competitive with the presence of various international and regional players. Strategic collaborations such as mergers & acquisitions, partnerships, and new product launches are common practices among these companies to maintain their position in the changing market environment.
For more Insights, Read –
https://www.marketwebjournal.com/organic-baby-food-market-trends-size-and-share-analysis/
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