By the end of 2026, baby meals will be sold all over the world for more than US$ 100 billion, according to Persistence Market Research’s most recent forecast study. The global Baby food market is anticipated to grow at a CAGR of 5.5% over the course of the forecast period as a number of variables influence consumer preference for new newborn formulae and enhanced baby food products.
The report predicts that difficulties obtaining raw materials and supply chain inconsistencies would impede the production of infant foods globally in the ensuing years. According to the analysis, the Asia-Pacific region (APEJ) would continue to be the most attractive market for baby food sales and production. Developed markets like North America and Europe will continue to see a stable demand for infant foods over the course of the projected period.
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According to the report’s estimates, infant formula will continue to be in high demand in the worldwide baby food industry until 2026. Sales of infant formula will account for more than three-fifths of the money made in the worldwide baby food market by the end of the projection period.
Additionally, the survey states that baby liquids would experience the fastest sales rise. Consumer mistrust against infant juices is anticipated to fade in the near future, which will result in a significant increase in their sales. According to the report, the CAGR for the product-type sector of baby liquids will be 6.9% throughout the forecast period.
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Companies
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- Nestlé SA
- HJ Heinz
- Bristol-Myers Squibb
- DANONE
- Mead Johnson Nutrition Co
- Abbott Laboratories Inc
- Inner Mongolia Yili Industrial Group Co Ltd
- Royal FrieslandCampina NV
- Hangzhou Beingmate Group Co Ltd
In 2017 and beyond, modern trade outlets will represent largest sales channel in the global baby foods market. Specialty stores and drug stores will also witness considerable traction in terms of procuring high sales of baby foods. In addition, the report also reveals that a majority of products sold in the global baby foods market will be non-organic.
Since organic baby foods are high-priced and companies face hindrances in cost-effective procurement of organic raw ingredients, several market participants will be focusing on increasing the production of non-organic baby foods. By the end of 2026, more than US$ 85 Bn worth of non-organic baby foods are expected to be sold in the global market.
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Global Baby Food Market: Taxonomy
Baby Food Market By Region
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- Latin America
- Europe
- Japan
- APEJ
- MEA
Baby Food Market By Product Type
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- Infant formula
- Baby juice
- Baby cereals
- Bottled baby food
- Baby snacks
- Canned baby food
- Other baby foods
Baby Food Market By Sales Channel
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- Modern Trade
- Speciality Stores
- Drug Stores
- Online Retailers
- Other sales channel
Baby Food Market By Nature
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- Organic
- Non-Organic
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The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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