Global Fortified Baby Food Market Scenario
The global Fortified Baby Food Market is projected to grow with a significant growth rate of 8.89% from 2020 to 2027 and reach a market value of USD 6.88 billion by the end of 2027. Fortified baby food is designed to meet the specific needs of babies to give them a healthy start in their early years of life. Fortified baby food contains ingredients that are easy to digest and assist in the growth and development of children such as proteins, oils & fats, carbohydrates, minerals, and vitamins. These ingredients are applicable in initial stage formula, follow-up formula, and growing-up milk. The global market is majorly growing due to high birth rate in developing nations of the world such as China and India, growing working women population, increasing spending on child healthcare, and rising incidence of insufficient lactation. However, stringent government regulations of baby food and the increasing rate of campaigns to promote breastfeeding are expected to be a major challenge for market growth during the forecast period.
Market Segmentation
The global fortified baby food market has been segmented based on type, distribution channel, and region. The global market has been classified, based on type into, milk formula, dried baby food, ready to feed baby food, and others. The global market has been segmented, based on distribution channel, into store-based and non-store-based. The store-based segment is further classified as supermarkets & hypermarkets, convenience stores, and others. The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American fortified baby food market has further been segmented into the US, Canada, and Mexico. The European fortified baby food market has been classified into the UK, Germany, France, Italy, Spain, and the rest of Europe. The fortified baby food market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The fortified baby food market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Top Key Players
Kraft Heinz Foods Company (US), Abbott Laboratories (US), Beech-Nut Nutrition Corporation (US), Deutsches Milchkontor GmbH (Germany), Danone S.A. (France), The Hain Celestial Group, Inc. (US), Reckitt Benckiser Group plc (UK), Nestlé S.A. (Switzerland), Bellamy's Organic (Australia), and Hipp GmbH & Co. Vertrieb KG (Germany) are some of the key players in the global fortified baby food market. Regional Market Summary Source: Secondary Sources and MRFR Analysis Globally, the fortified baby food market in Asia-Pacific is anticipated to be the dominating market with a market share of 44.23% in 2018. The high fertility rate in China, India, and Indonesia among others followed by technological advancements in food industry are driving the market growth in Asia-Pacific. Furthermore, rising organized retail sector and the demand for online retail are also aiding the market growth in the region.
Global Fortified Baby Food Market, by Type
- Milk Formula
- Dried Baby Food
- Ready to Feed Baby Food
- Others
Global Fortified Baby Food Market, by Distribution Channel
- Store-Based
- Supermarkets & Hypermarkets
- Convenience Stores
- Others
- Non-Store-Based
Global Fortified Baby Food Market, by Region
-
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
-
Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
-
Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Fortified baby food manufacturers
- Commercial research and development institutions
- Raw material suppliers and distributors
- Guardians, clinics, and pediatricians
- Traders, exporters, and importers
Fortified Baby Food Market Highlights:
Frequently Asked Questions (FAQ) :
Fortified baby food market valuation would be USD 6.88 billion by 2027.
Fortified baby food market CAGR would be 8.89% during the forecast period.
Fortified baby food players in the report are Beech-Nut Nutrition Corporation (US), Kraft Heinz Foods Company (US), Abbott Laboratories (US), Danone S.A. (France), Bellamy's Organic (Australia), Deutsches Milchkontor GmbH (Germany), Nestlé S.A. (Switzerland), The Hain Celestial Group, Inc. (US), Reckitt Benckiser Group plc (UK), and Hipp GmbH & Co. Vertrieb KG (Germany)
The Asia Pacific region would take the charge of the fortified baby food market.
Fortified baby food market report includes store-based and non-store-based distribution channels.
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