Organic Baby Food is Fueling Growth in the Organic Baby Food Market
The global Organic Baby Food Market is estimated to be valued at US$ 7219.73 Mn in 2023 and is expected to exhibit a CAGR of 10.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Organic baby food products are nutritious and contain high nutritional value
without any preservatives, artificial ingredients, or added colors and flavors.
They help in meeting the nutritional needs of babies in their growing stage as
their bodies are more sensitive.
Market key trends:
One of the major trends in the organic baby food market is the growing
awareness among parents about the ingredients used in baby foods. More parents
prefer organic foods for their babies considering the health benefits. Organic
foods contain essential nutrients and have less risk of contaminants like
pesticides, chemical residues etc. Further, they are digested easily by babies'
underdeveloped digestive systems. The clean label and non-GMO claims by various
organic baby food manufacturers further fuel the demand.
Segment
Analysis
The global organic baby food market is segmented into products, applications,
and distribution channels. By product, the market is classified into prepared
baby food, dried baby food, and others. Among these, prepared baby food
occupies the largest market share as it is easy to feed and digest for infants.
By application, the market is bifurcated into less than 6 months, 6-12 months,
and more than 12 months. Among these, less than 6 months category dominates the
market as mothers prefer organic food for their infants in this age. By
distribution channel, the market is divided into supermarkets/hypermarkets,
online stores, specialty stores, and others. Supermarkets/hypermarkets
constitutes the leading share as it is the most preferred distribution channel
among customers for shopping.
Key Takeaways
The Global
Organic Baby Food Market Size is expected to witness high growth,
exhibiting CAGR of 10.8% over the
forecast period, due to increasing awareness regarding nutrition and health
benefits of organic food for infants among parents.
Regional analysis:
North America dominates the global organic baby food market owing to rising
working women population, high disposable income, and increasing health
awareness in the region. Europe holds the second largest share in the market
due to growing vegan population and stringent regulations regarding organic
certification of food products. Asia Pacific exhibits the fastest growth over
the forecast period due to rising birth rates, improving economic conditions,
and expanding middle-class population in countries such as China and India.
Key players:
Key players operating in the organic baby food market are Abbott Laboratories,
Groupe Danone, Nestlé S.A., Kraft Heinz, Company Hero Group, Amara Organics,
Baby Gourmet Foods Inc., Bellamy's Australia, Green Monkey, Healthy Sprouts
Foods, HiPP, Initiative Foods, Little Duck Organics, North Castle Partners,
Olli Organic, One Earth Farms, Tastybaby, and Vitagermine, among others. Abbott
Laboratories and Nestlé S.A captures a major share of the market owing to wide
distribution network and premium product offerings.
Read More:
https://www.ukwebwire.com/organic-baby-food-market-size-share-and-growth-forecast-2023-2023/
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