Global Baby Foods Market size is estimated to be valued over XX billion in 2020 and will register a CAGR of above 7.1% during the forecast period (2019-2025). Baby food industry is highly mature and with substantial consolidation.
Nestlé, Abbott, Mead Johnson, and Danone are global leader with Nestlé and Danone accounting for over XX% of global share. Companies has strategized their business on pricing differentiation to capture the most of the market. However, in last few year, China based players are gaining high traction and as a result leading players are facing stiff competition from regional players. Key players are focusing on leveraging online sales channel to further consolidate the market and generate higher ROI.
The global baby market revenue witnessed sluggish growth in developed economies. However, growth is expected to be lucrative in developing regions. Various companies are engaged in awareness campaign to help healthcare personnel realize the potential and benefits of toddler foods. Leading companies employs sales force that interacts directly with doctors. Engaged players are also engaged in premium products to woo consumers in developed regions.
On a macroeconomic scenario, various health related campaigns by NGO and government organization is expected to drive the baby foods demand worldwide. Growing working personnel and long office work hour will further create value addition to the sales of baby food globally.
Global Baby Foods Market – Report Taxonomy
The 2020 report edition of Baby Foods market is analyzed on the basis of category, type and distribution channel.
In 2019, conventional baby foods accounted for 97.2% market share. Organic foods is gaining market traction and is expected to gain 418 basis points during the forecast period.
- Milk Formula
- Follow-on Milk Formula
- Starting Milk Formula
- Special Milk Formula
- Toddler’s Milk Formula
- Dried Baby Food
- Ready-to-Feed Baby Food
- Online Channels
- Hypermarket & Supermarkets
- Convenience Stores
- General Stores
- Drug Stores
- Specialty Outlets
Global Baby Foods Market Size Analysis – By Region
Globally, Asia Pacific will dominate the industry not only in terms of share but also growth rate. It is the only region to register double digit growth during the forecast period. China and Japan collectively accounted for over 61% of regional share.
North America baby foods market size ranked next to Asia Pacific. High disposable income, better healthcare amenities, significant monetary influx in R&D and presence of leading players has led to high penetration of infant nutrition in the region. Abbott, Nestle, Mead Johnson and DANONE accounted for over XX% of regional share in 2020.
Global Baby Foods Market Competition Analysis – Key Players Assessment
Key companies operating in the industry are Nestlé, Abbott, Mead Johnson, Danone, The Kraft Heinz Company, Beingmate Baby & Child Food Co. Ltd., Meiji Holdings Co. Ltd., Pfizer Inc., and Synutra International, Inc.
COVID19 Impact on Global Baby Foods Market
As per the estimates, the industry is expected to witness 18.9% decline in sales in 2020 than that in 2019. Leading enterprises are expected to substantially witness rise in debts and other operational expenses. The market is expected to revive by first half of 2021.
What Will You Discover in the Report?
- An in-depth analysis of the Baby Foods market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Baby Foods market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Baby Foods market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Baby Foods industry during the forecast period
- Who are the Baby Foods industry leaders and what are the key initiatives taken by them for long term growth
Analyst access with Bekryl Market Analysts
Purchasing of Baby Foods market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.