Continuous economic development in countries, such as India, China, and Australia, are expected to provide numerous growth opportunities to the market. ”— Allied Market Research
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, May 1, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global organic baby food market generated $8.71 billion in 2020, and is estimated to generate $34.81 billion by 2031, witnessing a CAGR of 13.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.
𝐀𝐜𝐜𝐞𝐬𝐬 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/2243
Rise in awareness regarding the health benefits of organic food products, easy availability of organic baby food across the popular sales channels, growing government initiatives, and increase in health consciousness among consumers drive the growth of the global organic baby food market. However, the high cost of organic food and beverage and certain government regulations for the approval of organic food and beverage limit market growth. Moreover, rise in investment of government and private investors in the organic baby food industry are expected to provide numerous growth opportunities in the coming years.
The Key Players Operating in The Market Include:
➤Abbott Laboratories
➤Nestlé S.A.
➤Hero Group
➤Amara Organics
➤Danone
➤Plum Organics
➤The Hain Celestial Group
➤North Castle Partners, LLC
➤HiPP
➤Baby Gourmet Foods Inc.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/purchase-enquiry/2243
Based on product, the prepared baby food segment accounted for the largest market share, garnering nearly three-fourths of the total market share in 2020, and is anticipated to continue its dominance during the forecast period. However, the dried baby food segment is expected to witness the highest CAGR of 16.2% by 2031.
Based on distribution channel, the supermarkets/hypermarkets segment lead the global organic baby food market, accounting for nearly one-third of the total market share in 2020. However, the pharmacies segment is anticipated to grow with the fastest CAGR of 13.7% during the forecast period.
𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/2243
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Depending on the region, North America was the dominant market in 2020. Change in lifestyle patterns of consumers and increase in participation of women in workforce fuel the market growth. Parents prefer to feed organic baby products to their infants, as they contain all necessary nutrients, iron, vitamins, and proteins necessary for baby’s growth.
𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/71cc244f19101c4921083508828fe5d0
Key Findings of Study:
➤The prepared baby food segment dominated the global market in 2020, and is expected to reach $23,268.5 by 2031.
➤The supermarkets/hypermarkets segment accounted for the 30.8% of the total market share in 2020.
➤LAMEA is projected to witness the highest growth, registering a CAGR of nearly 14.7% during the forecast period.
➤The U.S. accounted for 27.0% of the market share in the global organic baby food market in 2020.
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