The Baby Food Market Forecast to 2027 – Impact of COVID-19 and Global Analysis by Product Type (Prepared, Dried and Others) and Distribution Channel (Hypermarket and Supermarket, Convenience Stores, Online and Others) and Geography “ report was added to ResearchAndMarkets.com offer.
According to this report, the global finger food market was valued at $ 18,589.43 million in 2019 and is expected to reach $ 32,825.92 million by 2027; it is expected to grow at a CAGR of 7.4% from 2020 to 2027. The report highlights the key factors driving the market growth and key players along with their developments in the market.
Baby snacks are small pieces of food that infants and babies can hold and eat easily. These food products are known for their nutritional value and easy-to-digest appetizers. These include sweet fruit flavored snacks and savory forms such as cabbage, breadsticks, cookies, wafers, and fruit and vegetable based finger foods. Baby snacks are available in prepared and dried form. This sweet, easy-to-eat food is produced to replace breast milk without diminishing the nutrition needed for healthy growth of babies.
The baby snack food market is strongly driven by the growing awareness of the role it plays in meeting the nutritional needs of infants and toddlers. Additionally, increasing birth rate, attractive and safe packaging and product innovations are driving the demand for baby snacks. Manufacturers in the market introduce baby food with a low quotient of artificial ingredients. Infants and toddlers need an adequate amount of nutrition in their daily diet. Hence, there is an increasing demand for packaged baby food with balanced nutritional value. Many companies are launching innovative food products that offer products with a minimum of preservatives and adequate nutritional content. These products are also prepared with the utmost care and hygiene to avoid contamination and ensure the safety of infants.
Growing nutrition awareness, increased organized retail marketing and urbanization coupled with a significant increase in the working female population are some of the key factors driving the growth of the baby food industry. The growing population of working women who have little time to focus on nutrition for their babies have to use baby snacks. This food has become an essential food for babies of working mothers. According to the Office for National Statistics (ONS), 74% of mothers in England (UK) were registered as working mothers in September 2018, up from 69% five years ago. The number has steadily increased in recent years, when 62% were declared as working mothers.
Impact of the COVID-19 pandemic on the baby food market
COVID-19 started in Wuhan, China in December 2019 and since then it has spread at a rapid rate across the world. In August 2020, the United States, Brazil, India, Russia, Spain and the United Kingdom were among the most affected countries in terms of confirmed cases and reported deaths. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans and business closures. Food and beverage is one of the major industries in the world experiencing severe disruption such as supply chain disruptions, cancellations of tech events and office closures as a result of this outbreak.
For example, China is the global manufacturing hub and the largest supplier of raw materials for various industries and it is also one of the most affected countries. The lockdown of various factories and factories in China is affecting global supply chains and negatively impacting the manufacturing, delivery schedules and sales of various materials. Various companies have already announced possible delays in product deliveries and a decline in future sales of their products. In addition to this, global travel bans imposed by countries in Europe, Asia and North America affect business collaborations and partnership opportunities.
Reasons to buy
Highlights key business priorities to help companies realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global Baby Food Market, thereby empowering players to develop effective long term strategies.
Develop / modify business expansion plans using a substantial growth offering in developed and emerging markets.
Take an in-depth look at market trends and prospects, as well as what drives the market, as well as what hinders it.
Improve the decision-making process by understanding the strategies that drive business interest across products, segmentation, and verticals.
Annabel Karmel Group Holdings Limited
Dana dairy group
Group of heroes
HiPP GmbH & Co. Vertrieb KG
Lotus Business Bakeries
Heavenly Group Hain, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/r537oz
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210210005742/en/
Laura Wood, Senior Press Director
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