Market size of baby food industry in India
The demands for baby food industries are increasing day by day in Indian markets due to rising awareness. Since the purchasing power of consumers are changing these days, baby food manufacturers focus more on various factors to enhance their productivity. The milk based food products are the largest selling products in the markets followed by dried baby items and other items. On the other hand, the distribution of food products may vary from one region to another region that requires a proper research. The baby market items are expecting a huge growth in coming years that will contribute more to Indian economy.
The global baby infant formula market size is estimated to be USD 24,043 Million in 2018 and is projected to reach USD 45,348 Million by 2025, registering a CAGR of 9.5% from 2018 to 2025.
Reasons for the growth of baby food industries
Baby food products are selling fast in the markets owing to consumer behaviour and growing concerns. The manufacturers aim at introducing products which aim at fulfilling the needs of customers. Moreover, consumers are becoming aware of nutritional requirements when they feed their babies. This made the production firms to understand more about the choices of consumers in detail. They even offer foods designed for every growing stage of an adult that provides proper nutrition. In fact, infant milk products are getting popularity because they are a perfect choice for infants to improve their growth.
Major players of baby food products in India
Nestle India is the leading baby food supplier in India which offers a variety of products for infants. It continues to dominate in baby food industry due o high quality products and other factors. The southern region in India contributes more to high revenues compared to northern region and eastern region. The average per capita consumption is increasing year by year which see a significant rise in growth rates. At the same time, manufacturers aim at offering products after studying the preferences of customers.
Growth of baby food industries in India
The growth rates of baby food industries will increase in the future markets. Apart from that, manufacturers will develop new products in the future to reach more customers. In addition, they will increase the production to satisfy the needs of buyers. The revenue of baby food industries will rise in the markets Also, the Indian government is making efforts to promote baby foods in order to create awareness among customers. Anyone who wants to know more about competition levels of markets should seek get report from a leading agency that can help make a better decision.
Baby Infant Formula Market Share Analysis
The prepared food sub-segment is expected to have the largest market share, and it is expected to see strong growth during the forecast period.
The infant milk segment is expected to hold the largest Baby Infant Formula market share during the forecast period. This is because more and more physicians recommend using infant milk as a replacement for breastfeeding since it is a healthy and nutritious choice, along with better convenience.
Based on the region, North America accounted for the largest Infant market share during the forecast period. The growth of the region’s market is due to high disposable income, the involvement of major players in the region, and the well-developed pharmaceutical and biotechnology industry.
Europe is the second-largest infant formula market due to its strong production facilities and high baby purchasing capacity.
The Asia Pacific is expected to see the highest level of growth in the coming years. Factors such as the high baby boomer population, increasing disposable income, and a high rate of urbanization contribute to the growth of the market in the Asia Pacific.
