Organic Baby Food Market | Current and Future Demand, Analysis, Growth and Forecast by 2033, Report
Rising concerns among parents about side effects of chemical
ingredients in Organic
baby food have been encouraging consumers to adopt organic alternatives.
There is an increased focus towards clean label trends, which is expected to
bolster demand for plant-based ingredients. As per a study by Future Market
Insights (FMI), the sales of BRIC organic baby foods are set to rise
strongly in the years ahead. The market is expected to reflect a double digit
CAGR through 2021 and beyond.
The BRIC organic baby food market is expected to be worth
US$ 5.5 Bn as far as income in 2023. The market is projected to extend at a
CAGR of 16.1% to arrive at a market size of US$ 24.5 Bn by 2033.
Request a Report Sample To Gain Comprehensive Market
Insights@
https://www.futuremarketinsights.com/reports/sample/rep-br-333
Organic baby food producers aim for nutrients rich
profiles in formulations, in a growing range of flavors and targeted age group
demographics. Following the covid-19 pandemic sales through online channels
have witnessed an upsurge, which is unlikely to change through 2031.
Major investments by governments towards urbanization and
the rapid transition of rural populations to urban centers is creating
increased potential for organic baby food sales. Consumer health and environment
consciousness will contribute to greater demand for the foreseeable future.
Key Takeaways from BRIC Organic Baby Food Market Report
- The
demand for milk formula products is expected to witness a consistent rise,
enabling the market register an exponential double digit growth rate
between 2021 and 2031.
- Sales
through retail supermarkets will drive revenues in the industry, supported
by robust supply chains.
- The
Chinese and Indian markets for organic baby foods is a key contributor to
revenues on the back of large infant populations.
- Increasing
demand for vegan products will bolster growth in Brazil
- Government
initiatives undertaken to aid infant health will support growth in India
and South Africa.
Brand Positioning in Terms of Health Claims Creates Opportunities
Sales of baby food products are largely reliant on health
claims made by brands, with information about the pros and cons of breast
feeding clearly stated and available through the internet. Some of the more
prominent structural and health claims used by brands include information on
digestibility and characteristics associated with immune systems and growth.
Many products also come with recommendations to seek the
advice of healthcare professionals prior to feeding baby foods to children
below the age of 1 year, which also clearly stating the advantages of breast
feeding. Also high levels of concern among parents about obesity, and added
sugar and salt are key to labelling practices in the industry. While TV and
radio are not given much importance, social media channels are gaining ground
for promotional activities.
Warnings and recommendation labels are more common on milk
supplement products over the adequate and correct use of these products,
especially for toddlers transitioning to solid foods. These trends are expected
to have a significant impact on developments within the industry.
Who is Winning?
Leading players in the BRIC organic baby food
market include but are not limited to H.J. Heinz Company, Nestle S.A,
British Biologicals, Groupe Danone, Bellamy’s Australia Limited, Abbott
Laboratories, Campbell Soup Company, Otsuka Holdings Co., Ltd. Major players
are seeking to expand production capacities, widen product portfolios and
geographical reach in a bid to edge out conventional baby food product
manufacturers.
For example, Serenity Kids announced a US$ 3 million
investment round in December 2020, aimed towards the expansion of organic baby
food portfolio. Nestle, in September 2020, announced plans to expand its infant
formula production operations in Russia with an investment of US$ 45.8 million
including a full cycle factory in Vologda. In January 2021, Timios, based in
India announced the launch of its organic baby porridge product to add to its
portfolio of toddler snacks including energy bars, pre-probiotic bites, and
melts.
Comments
Post a Comment