Infinium Global Research Baby Food Market | Page 9

Global Baby Food Market: Trends and Forecast -2023
The market size of baby food is determined based on the top down approach. The
market size is validated using primary interview with the participants working in some
of the leading players in the Baby food market. The primary interview participants
typically includes managers and CXO level executives of the leading players in this
market. The primary interviews not only help identify the market size of the Baby food
market but also identify the factors that promote the growth in the market and the
factors that restrain the growth in this market. The views of primary respondents were
reconciled to provide qualitative analysis of the Baby food market. The primary
respondents also help identifying top 5-10 players and their possible market share in
the respective country markets and in world market. The bottom-up approach is used
to validate the global market size of baby food. With the help of primary interviews
and secondary research the market size of baby food is determined for each country
studied, which then is added to arrive at regional market size and thereby obtaining
global market size. This in turn helps us to validate the market size of Baby food in the
world market.
EXECUTIVE SUMMARY
GLOBAL BABY FOOD MARKET HIGHLIGHTS, (USD BILLION)
The global Baby food market was worth USD 53.31 billion in 2015 and it is projected
to reach USD xx.xx billion, expanding at a CAGR of 7.9% between 2017 and 2023. The
global baby food market is driven by the factors such as rising population of working
women, and their concern for good nutrition for their babies. Additionally,
manufacturing of baby food under strict health and safety standards has helped
creating the awareness about the usefulness of packaged baby foods in providing the
required nutrition for babies. However, incidences of contamination of baby food
products in the past are likely to act as a primary restraining factor affecting the global
baby food market over the forecast period.
North America dominates the world baby food market in terms of dollar share, while
Asia Pacific is anticipated to grow at the highest CAGR over the forecast period. The
growth in the Asia-Pacific region is primarily driven by emerging economies such as
India, China and Indonesia.
North America is the largest revenue generating region and it is mainly driven by large
scale production and consumption of baby food in the U.S. and Canada. Asia-Pacific is
expected to growth at the highest CAGR of x.x% over the forecast period.
9
|
© Infinium Global Research