Baby Food Market Dynamics Analysis 2023

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Baby Food Market Size Is Expected To Surpass USD
150 Bn by 2032
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Overview of Baby Food Market

• Global Baby Food Market is poised to grow through
  2032, due to the increasing women employment and
  the expanding middle-class population. For
  instance, in the USA, the percentage of working
  women increased from 49.7 in 2019 to 50.04 in
  2020. Besides, the number of middle-class
  families in the Indian subcontinent steadily rose
  from 14 in 2004-2005 to 31 in 2022, with the
  percentage anticipated to reach 63 by 2047.
• Overall, the global baby food market has been
  segmented in terms of product, distribution
  channel, age group, category, and region.
• Based on the product, the prepared segment will
  grow at more than 5 CAGR through 2032. The
  segmental expansion will be driven by increasing
  consumer awareness about the benefits of
  scientifically prepared baby food. Besides, the
  demand for prepared baby food has recently
  increased in developing nations due to the
  increasing working women population in these
  countries, which will also add impetus to the
  market. For the record, in 2021 it was revealed
  that out of 60 million people in the workforce,
  more than 18 million are women.

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• On the basis of distribution channel, the market
  is likely to be characterized by the supermarket
  segment which will grow at over 5 CAGR over the
  next ten years. Better services coupled with an
  informative buying experience will result in the
  continual growth of supermarkets. As per a report
  by the US Department of Agriculture, there are
  more than 115 food stores in the USA. Besides,
  grocery stores which comprise supermarkets and
  smaller grocery stores accounted for 92.1 of
  total sales.
• In the context of the age group, the toddler
  segment is set to witness noticeable growth by
  2032. This segment will grow due to the increased
  nutritional requirements of toddlers.

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• In the regional context, the Asia Pacific baby
  food market is likely to expand rapidly in the
  coming years. The regional market expansion will
  be fueled by the high birth rate and increasing
  disposable income in this region. As per reports,
  the total disposable income in the Asia Pacific
  region will be more than double between 2021 and
  2040, and this growth will be more than any other
  region across the world. Besides, the recent
  abolition of the 'one-child' policy in China will
  result in increased birth rates, which will also
  drive the market in the next ten years.
• Notable participants in the Baby Food market
  include Abbott Laboratories, The Kraft Heinz
  Company, Reckitt Benckiser Group plc., Hero
  Group, Kewpie Corporation, HiPP, Symrise AG, DMK
  Group GmbH, Friesland Campina, Milupa GmbH, and
  PZ Cussons

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