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Global Baby Food Market to Grow at a CAGR of 6% During 2021-2026, Aided by the Expansion of Distribution Channels

According to a new report by EMR titled, ‘Global Baby Food Market Report and Forecast 2021-2026’, the market attained a value of about USD 64.05 billion in 2020. The industry is further expected to grow at a CAGR of 6% in the forecast period of 2021-2026 to reach a value of nearly USD 90.85 billion by 2026.

The Asia Pacific region holds a significant share of the baby food industry owing to rapid urbanisation. The inflating disposable income and hectic lifestyles of parents are increasing the consumption of baby food products in the region. Moreover, the exponential population growth and healthy birth rates are surging the demand for baby products, which is augmenting the industry growth. The expansion of distribution channels such as supermarkets and convenience stores in developing countries is increasing the accessibility of baby foods, hence invigorating the market growth. In addition, China is one of the biggest markets of baby food as the spending on baby products increased due to the two-child policy, therefore contributing to the overall market growth.

Nestlé SA (OTCMKTS: NSRGY), one of the leading companies of the market, announced on May 2021 that NAN PRO 1 Infant Formula would be available in the new pack size offered at BJ’s Wholesale Club. The company also lowered the price on existing pack sizes across partner retailers such as Amazon, Walmart, HEB, Kroger, and ShopRite to further its commitment to ensuring accessibility of quality nutrition for infants. The company, through this measure, is evolving its portfolio and product pricing to meet the demand of parents and retail partners.  The new packs would increase the popularity of NAN’s high-quality and easy-to-digest formula by making it more accessible to consumers in the United States. The expansion of distribution channels as well as products portfolio by major companies is expected to augment the market growth.

Market Analysis by Product Type, Distribution Channel, and Region:

  • The market, on the basis of product type, can be divided into dried baby food, milk formula, and prepared baby food, among others.
  • The distribution channels for baby food include hypermarkets and supermarkets, small grocery retailers, health and beauty retailers, and online, among others.
  • The regional markets for baby food include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising popularity of baby food containing human milk oligosaccharides (HMO) to strengthen immune system development is propelling the baby food industry.
  • The market is expected to be driven by the development of baby food with diverse flavours and enhanced nutritional composition.
  • The rising demand for baby foods contacting multigrain and ancient grains, such as quinoa, buckwheat, and chia, among others, is propelling the market growth.
  • The trend of superfoods and functional baby food products to increase the nutritional components of baby food is driving the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global baby food market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the product types, distribution channels, and regions of baby food.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for baby food are Nestlé SA, Abbott Laboratories, Beech-Nut Nutrition Company, Bellamy’s Organic Pty Ltd, Danone S.A., Hero Group, and Mead Johnson & Company, LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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