Hyderabad, India -- (SBWire) -- 01/18/2018 --The Global Baby Food Market was worth $53.5 billion in 2016 and estimated to be growing at a CAGR of 6.2%, to reach $72.27 billion by 2021. Customers are acutely investing in this market as they are highly selective about the products they buy for their children. Baby food is any soft, easily consumed food other than breastmilk or infant formula that is made specifically for human babies between four to six months and two years old. The food comes in many varieties and flavours that are purchased ready-made from producers. Or it may be table food eaten by the family that has been mashed or otherwise broken down.
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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. Increased Internet penetration, the availability 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 in all across the globe.
The level of safety of food and trustworthiness since the product is for babies and furthermore breastfeeding and various forms of traditional diet have always been present across the globe which will not push the parents/ buyers to their babies consume, acts as a major restraint for the growth of baby food market.
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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 sub divided 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 breast feeding among the working women population.
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. Major global share has been detained by North America followed by Europe. Asia Pacific is projected to be 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. Nestle SA has been dominating the baby food market. Danone, H.J. Heinz, Bristol-Myers Squibb, Abbott Nutrition, Plasmon, Baby Organix, Beech Nut, Fasska, SMA Nutrition, Stonyfield Farm, Babynat and Hero are some other key market players in baby food market.
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