Market Size of Baby Food Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.67 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Baby Food Market Analysis
The baby food market is projected to register a CAGR of 3.67% during the forecast period.
The increasing working female population and rising disposable income are also aiding the market growth for baby food. The rising infant population and awareness about baby food products and their nutritional values further boost the baby food product demand. Moreover, because of the existing malnutrition and hunger issues facing infants in many developing and underdeveloped countries, the market for baby food is also set to grow in the future.
According to the United Nations International Children's Security Fund (UNICEF), malnutrition contributes to half of all deaths among children under five worldwide. The market expects growth amid innovations with key ingredients, such as human milk oligosaccharides (HMOs) and probiotics. Recently, there is an increase in the demand for organic baby food. It can be attributed to the number of women working increased. These convenient foods are in great demand, resulting in growth in the market due to the increased demand for them.
As a result of limited time for housekeeping, modern households are increasingly using these convenient and nutritious packaged baby foods. Over the long term, manufacturers are developing products that support the immune system from infancy. Key players in the market are constantly launching new products to make them more appealing to parents and infants, aiding the market's growth. For instance, in July 2022, UK-based Organix launched two new organic baby and toddler food ranges: Baby Meals and Organix Kids. They are available through Asda and its online store.
