Global baby food market was valued at US$ 34.95 Billion in 2016, according to 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).
The baby food market is expected to register a CAGR of 6.37% over the forecast period (2017-2025) to reach US$ 60.04 Billion by 2025. Major factors propelling the growth of baby food market include increasing food safety concerns and the growing awareness among parents regarding the requirement of adequate nutrition in the daily diet of infant and toddlers for their overall development. In addition to this, increased spending on children health care and the growing demand for organic baby food is expected to largely support the overall growth of baby food market during the forecast period. According to the , from 1996 to 2013 the health care spending on children in United States increased from US$ 149.6 billion to US$ 235.5 billion in 2013.
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Browse 110 market data tables* and 80 figures* on "Baby Food Market” - Global forecast to 2025.
Key Trends and Analysis of 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 2016.
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 2016. 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.
Key Takeaways of the Market:
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.