NEW YORK, July 16, 2021 /PRNewswire/ — The baby food market size is expected to increase by USD 6.75 billion, at progressing a CAGR of over 5 % during 2021-2025. Technavio’s report expects the packaged foods & meats industry to have a POSITIVE impact due to the spread of the COVID-19 pandemic. The report also offers detailed information on the impact of the pandemic on businesses and the growth strategies adopted by vendors to flatten their recessionary curve.
The baby food market witnessed maximum growth in the prepared baby food segment in 2020 owing to the convenience and health benefits associated with prepared baby food products. Similarly, the APAC occupied about 59% of the market share in 2020. The growth of the market in APAC can be attributed to the presence of favorable economic conditions in the region. Also, the increasing demand for organic baby food products is expected to contribute to the growth of the baby food market in APAC during the forecast period.
Baby Food Market: Major Growth Drivers
The baby food market growth is expected to be driven by the following factors:
- Increasing number of new product launches
- Growing health concerns among parents
In addition, the report identifies the increasing women’s participation in the workforce as a major trend in the baby food market. Rapid urbanization and the growth of the middle-class population have significantly increased the number of working women worldwide. This has increased the demand for baby food products that combine health and nutrition with convenience. Also, the growth in the number of working women on a global level has led to an increase in the number of dual-income households, thereby strengthening purchasing power of consumers. All these factors are creating significant opportunities for vendors operating in the market.
Gain more insights into the global trends impacting the future of baby food market.
Download a Free Sample Report Now!
Baby Food Market: Key Vendor Offerings
Abbott Laboratories: Through the brand SIMILAC, the company offers a diverse line of research-driven products that provide the essential protein, minerals, and other nutrients to support an infant’s growth. It includes SIMILAC PROBIOTIC TRI BLEND, SIMILAC PRO ADVANCE, SIMILAC ADVANCE FOR NEURO SUPPORT, etc.
Cargill Inc.: The company offers various food products which include Dried Baby Food, Prepared Baby Food, and Infant Formula.
Danone SA: The company offers instant cereals baby food product which includes a range of nutritious, easily-digested instant cereals. It is intended to be used as a complementary food for infants from six months onwards.
Hero Group: The company offers a wide range of baby food products through brands, Organix and Hero Baby.
Nestle SA: The company offers a new generation of baby foods delivering better nutrition and taste through steam cooking that helps preserve nutrients and flavor.
Reasons to Buy Baby Food Market Report:
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist baby food market growth during the next five years
- Estimation of the baby food market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the baby food market across North America, Europe, Asia, and ROW
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of baby food market vendors
This report can be personalized according to your business needs. Enquire Before Purchasing
Related Reports on Consumer Staples Include:
Global Organic Baby Food Market – Global organic baby food market is segmented by Product (Organic prepared, Organic infant formula, Organic dried, and Organic other), Geography (North America, APAC, Europe, South America, and MEA), and Distribution channel (offline and online).
Download Exclusive Free Sample Report
Global Baby Food and Infant Formula Market – Global baby food and infant formula market is segmented by product (infant formula and baby food) and geography (APAC, Europe, North America, South America, and MEA).
Download Exclusive Free Sample Report
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
View original content to download multimedia:https://www.prnewswire.com/news-releases/baby-food-market-growth-analysis-in-packaged-foods–meats-industry–technavio-301335307.html