Reports
Baby food products are crucial for a baby’s health and nutrition, and for the baby’s early development. Typically, parents start baby food between 4 to 6 months of age. Baby food is easy to consume since it is made for infants to toddlers and is available in several varieties, tastes, and forms. Growing parental concerns about their baby’s nutrition and rising number of working women are encouraging the demand for baby food products. Professionally made baby food products fulfill the nutrition requirement of babies. Rising disposable income of people and changing lifestyles are also anticipated to boost the growth of the baby food products market in the coming years. Growing urbanization is expected to create major opportunities for baby food manufacturers. Emerging countries with high rate of population growth such as India, China, and Brazil are growing markets for business expansion for leading market players. Also, new product development may make the market more attractive.
The baby food products market is divided into several international and domestic companies. Leading market players are focusing on further innovation in products and regional expansion across the globe to enhance their market share.
Nestlé S.A.
Nestlé S.A. was founded in 1866 through the merger of Anglo-Swiss Milk Company and Farine Lactée Henri Nestlé, established by Henri Nestlé. The company is based in Vevey, Switzerland. Its product portfolio includes baby food, coffee, dairy products, breakfast cereals, bottled water, pet foods, ice creams and others. The company operates across 189 countries and has around 308,000 employees.
Mead Johnson & Company, LLC
Mead Johnson & Company, LLC was established in 1905 and has headquarters in Chicago, Illinois, U.S. The company is active in manufacturing infant formula, both locally and globally with its flagship product namely, Enfamil. It has several brands including Enfagrow, Choco milk, and Lactam.
The Hero Group
The Hero Group is a private, Swiss international consumer food manufacturer and marketing company incorporated in 1886. The company operates in North America, Europe, Middle East & Africa, and Central Asia. It is involved in the production and distribution of infant formula, jam, baby food, and nutritional snack foods.
Several international and domestic players are active in the baby food products industry. These include Abbott Laboratories, Perrigo Company plc, Hain Celestial, FrieslandCampina, The Hero Group, and others.
Nowadays, parents are highly concerned about their baby’s nutrition intake. The presence of harmful chemicals such as pesticides, sweeteners, artificial colors etc. in conventional foods consumed by children can cause serious health issues. So the trend is changing and shifting toward food products specific for babies with proper nutrition intake. This growing awareness about avoiding chemicals in food is anticipated to impact the purchasing trend of parents in the coming years, resulting in growth in demand for baby food products owing to their benefits.
Rapid penetration of internet users, increase in e-commerce sales, and ease of payment options are anticipated to expand the online distribution channel share in sales in the near future. Also, supermarkets and hypermarkets, and specialty stores such as drug stores are witnessing significant growth in demand for baby food products. Parents prefer organic food owing to concerns about side effects of chemicals used in conventional food, which is anticipated to encourage the demand for organic baby food in the coming years.
The baby food products market can be bifurcated on the basis of:
Based on product type, the baby food products market is segmented into:
Based on distribution channel, the baby food products market can be divided into:
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
N/A