Baby Food Market Projected to reach USD 81.51 billion by 2023 | Leading Key Players - Nestle SA, Danone, H.J. Heinz, Bristol-Myers Squibb, Abbott Nutrition, Plasmon, Baby Organix, Beech Nut, Fasska, SMA Nutrition, Stonyfield Farm, Babynat

Baby Food Market By Health Benefits (Immune System, Brain And Eye Development, Muscular Growth, Bones And Teeth Development, Blood Enhancement, Nervous System, Vascular System And Body Energy), By Ingredients (Cereals (Oatmeal, Rice, Barley And Mixed), Milk Products (Animal Milk And Yogurt), Fruits, Vegetables And Meat Products) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)

Global Baby Food Market Size:

According to Market Data Forecast, The Global Baby Food Market was worth USD 60.34 billion in 2018 and estimated to be growing at a CAGR of 6.2%, to reach USD 81.51 billion by 2023.

Customers are acutely investing in this market as they are highly selective about the products they buy for their children.

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Baby food is either a total or partial alternative for breast milk for infants or babies under the age of two years. It is a soft food, which can be simply consumed by infants and babies. They are particularly designed by the producers to come across the nutritional necessities of the baby.

Baby food market observes a drift enhancing market growth with the increase in online purchases of baby foods. Customers today select the suitability of online shopping, due to their progressively busy lifestyles, and this is likely to spread to the baby foods market. Improved Internet penetration, the entrance of smartphones, and simplified e-banking schemes will lead to more buying through the online channel. Growing population base, increasing disposable income level of individual and increasing development, are some of the key reasons, which are predicted to be driving the baby food market across the globe. Concerns about the safety of food are acting as a major restraint for the growth of the baby food market.

Market Segmentation:

The global market for Baby Food is segmented by health benefits into Immune system, Brain and Eye development, Muscular growth, Bones and Teeth development, Blood Enhancement, Nervous System, Vascular System, and Body Energy. Based on ingredients the market is divided among Cereals, Milk Products, Fruits, Vegetables and Meat Products. Further, cereals segment is subdivided into Oatmeal, Rice, Barley, and Mixed. Milk Products segment is bifurcated into Animal Milk and Yogurt. Milk Products segment developed as the largest provider to the baby food market in terms of revenue, primarily driven by the rising awareness towards baby nutrition and a reduction in breastfeeding among the working women population.

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Geographical Analysis:

Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa. The major global share has been detained by North America followed by Europe. The Asia Pacific is projected to be the highest impending market due to expansion. In Europe, Germany has been the biggest producer while in Asia-Pacific, China has been the leading consumer.

New food technological advancement has been enabling market players to propose good quality products with nutritional benefits.

Major Key Players Dominating the Baby Food Market are:

• Nestle SA,
• Danone
• H.J. Heinz
• Bristol-Myers Squibb
• Abbott Nutrition
• Plasmon
• Baby Organix
• Beech-Nut
• Fasska
• SMA Nutrition
• Stonyfield Farm
• Babynat

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Reasons to Purchase Baby Food Market Report:

• Current and future Baby Food Market Outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet in excel

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This release was published on openPR.