Organic Baby Food Market Estimated to Exceed US$ 11.4 Billion Globally By 2024: IMARC Group

Global Organic Baby Food Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Organic Baby Food Market Overview: According to the latest report by IMARC Group, titled “ Organic Baby Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20 19-2024 �, the global organic baby food market size was nearly US$ 6 Billion in 2018. Organic baby food is produced and processed without the use of antibiotics, pesticides, growth hormones and other chemical additives. It is manufactured under strict standards and undergoes various inspections before gaining the organic label. As the initial years of infants and babies play a pivotal role in their overall growth, parents worldwide are shifting from conventional baby food products toward the organic variants.

Organic Baby Food Market Trends Although organic baby food is relatively expensive, the growing sales of these products can be attributed to increasing disposable incomes and improved distribution channels around the world. The demand for organic baby food is also rising as they help in limiting the exposure to the harmful chemicals used in conventional food production.

Key Market Segmentation:

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Further, on account of their health benefits, governments in several regions are undertaking initiatives to encourage the production of organic food products. Looking forward, the market value is projected at a CAGR of 10 % during 2019-2024.

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Apart from this, the global food industry is currently experiencing a rise in the sales of organic as well as functional food products which, in turn, is strengthening the growth of the organic baby food market.

Market Segmentation by Product Type • • • •

RTE (Ready-to-Eat) Baby Food Milk Formula Dried Baby Food Others

Based on the product type, the market has been segregated into RTE (ready-to-eat) baby food, milk formula, dried baby food and others. Currently, RTE baby food represents one of the most widely consumed products types as it can be served immediately without the hassle of cooking.

Market Segmentation by Distribution Channel • •

Supermarket and Hypermarkets Specialty Stores

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Convenience Stores Online Retailers Others

On the basis of distribution channel, supermarkets an hypermarkets exhibit a clear dominance, holding the largest market share as they provide a one-stop shopping experience to shoppers. Other segments include specialty stores, convenience stores and online retailers.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, north America is the biggest market, accounting for the majority of the total market share.

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This can be accredited to the rising parental concerns and high working female population in the region.

Competitive Landscape The competitive landscape of the market has also been examined with some of the key players.

• • • • •

Abbot Nutrition Danone Nestle Hero Group Kraft Heinz

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A partial List of

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

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of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

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