Global Baby Food Industry
The world baby food industry recorded close to 5% growth in 2010, generating more than $10.3 billion, according to research from MarketLine. The market is expected to reach almost $13.2 billion by 2015, representing almost 28% expansion over five years. The market is expected grow by more than 20% in terms of volume between 2010 and 2015 to exceed a volume of 1.9 billion kilograms.
The global baby food market involves the retail sale of baby food including baby snacks, bottled baby food, canned baby food and baby cereal. The global baby food and pediatric nutrition market are estimated to have a combined worth in excess of $41.5 billion in 2012, reports Transparency Market Research. The two are expected to reach close to $64 billion in 2017.
Demand for baby food continues to rise as consumers are increasingly aware of the importance of meeting their babies’ nutritional needs. According to Koncept Analytics, parents encouraging their children’s early development by making effective nutritional choices. While growth in established marked such as the US and the EU does not appear to offer vast potential, developing nations are recording increased demand, particularly in countries like India, Brazil and China.