Global Baby Bood Market is estimated to be valued at US$ 45.31 Bn in 2021, according to the Global Baby Food Market Report, by Product Type (Dried Baby Food, Infant Milk Formula, Ready to Feed Baby Food, Infant Cereals and Others), by Source Type (Organic Baby Food and Inorganic Baby Food), by Form (Liquid, Solid and Powder), by Distribution Channel (Hypermarkets, Supermarkets, Drugstores, Online Channel, Specialty Stores and Others) published by Coherent Market Insights.  

Global baby food market was valued at US$ 45.31 Bn in 2021. Baby food market is expected to register a CAGR of 5.54 % over the forecast period (2022–2030), to reach US$ 73.48 Bn by 2030.

Key Trends and Analysis of the Global Baby Food Market:

Based on source type, organic baby food is expected to show significant growth, witnessing highest CAGR, during the forecast period. Furthermore, based on product type, baby food market is segmented into dried baby food, infant milk formula, ready to eat baby food, infant cereals and others. Infant milk formula products was the major factor contributing to growth of the global baby food market, in 2021.

Based on distribution channel, the market is segmented into hypermarket, supermarket, drug stores, online channel, specialty stores, and others. Supermarket contributed the largest share in the global baby food market, in 2021. This was due to high discounts and attractive offers given in supermarkets. Furthermore, online channel is expected to show significant growth during the forecast period, owing to increasing number of consumers opting for online platforms to get home-delivered baby products.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/baby-food-market-1043

Key Takeaways of the Global Baby Food Market:

  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the baby food market are key strategies adopted by players in the global baby food market. For instance, Abbott reopened the infant formula facility in early June under the strict FDA oversight, but was forced to shut down the facility once more on June 15 due to the area's torrential rain and flooding.
  • Major companies operating in the global baby food market include Nestle S.A., Groupe Danone, Abbott Laboratories, Hain Celestial Group, Kraft Heinz Company, Bristol-Myers Squibb, Hero Group, Morinaga Milk Industry Co. Ltd., and Cargill Inc.

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