Baby Food Market is anticipated to grow at a healthy CAGR of 6.2% from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Baby Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global baby food market accounted for over US$ 68 billion in 2019. It is anticipated to grow at a healthy CAGR of 6.2% from 2019 to 2030.
The global baby food market is driven by factors such as rising awareness regarding nutrition and increasingly busy lifestyle of working women. Mother’s milk has been considered nourishing for babies; however, with rapid urbanization, the number of working women has increased, which has led to the increased adoption of baby food. Working mothers return to their jobs shortly after the childbirth. Hence, more and more women are opting for baby food to provide healthy food & nutrition for their babies. Easy availability of baby food adds convenience to the lives of working mothers, further leading to the increased adoption of baby food.
Traditionally, infants were fed soft home-cooked food; however, with rapid urbanization the demand for packaged baby food has increased. Stringent regulations have been established by governments across various countries, which has raised the quality standards for baby food. For instance, in the European Union, it is mandatory for baby food products to contain the right amounts of proteins, carbohydrates, fats, minerals, and vitamins. There have be correct labeling requirements, processing provisions, and specific requirements for certain additives that are used in baby foods. Similarly, the government regulations vary according to countries or regions, which make it difficult to standardize the production, packaging & labeling processes. The presence of different regulations has led to a lack of standardization in the production of baby food products and that has been one of the restraining factors for the growth of the market.
The Asia Pacific region is estimated to grow at the highest CAGR in the baby food market during the forecast period owing to factors, such as a rise in population and rising awareness among people regarding baby nutrition. Moreover, India and China, among other developing countries, have extensive presence of reputed baby food producers.
Browse key industry insights spread across 170 pages with market data tables & figures & charts from the report, Baby Food Market by Product (Dried Baby Food and Prepared Baby Food), Distribution Channel (Supermarkets/Hypermarkets, Drugstores/Pharmacies, Convenience Stores, and Online Channels) - Global Analysis & Forecast 2019-2030. in detail along with the table of contents:https://www.marketindustryreports.com/baby-food-market/235
Some of the prominent players in the baby food market include Nestle, Reckitt Benckiser, Abbott, Danone, The Kraft Heinz Company, DMK GROUP, Kewpie Corporation, Bubs Organic, LLC., HiPP, and Hain Celestial, among others.
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