Industry Overview: —
The Asia Pacific (APAC) baby food market is getting defined by changing lifestyle and dietary plans. Organic foods are nothing but soft, easily consumables other than breast milk or infant formula. These foods often come in multiple varieties and tastes and are often considered as a perfect substitute for breast milk. It helps in a toddler’s growth and body development, along with building right kind of immunity. Organic baby foods get manufactured without synthetic fertilizers or pesticides which can harm babies with their slightest presence. At the same time, artificial flavors, colors, and preservatives are not added to give the best to the newborns.
The Asia Pacific organic baby food market is all set to cross a valuation of USD 6.76 billion by 2027 with an impressive CAGR of 11.87% during the forecast period (2027-2027) claims Market Research Future (MRFR) in a detailed report. The report has its finger on segmentation of the Asia Pacific organic baby food market and the factors that can be proven beneficial in context to the market’s growth. One of the major reason that is spurring the growth of this Asia Pacific organic baby food market is the increasing disposable income and rising awareness regarding the product.
However, its proliferation in the region is only limited to major cities and is yet to penetrate the non-urban regions. This factor can act like a market deterrent during the forecast period. But the concern for child safety can take the market out of any prolonged slumber during the forecast period.
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The leading market players in the Asia Pacific organic baby food market primarily are Danone S.A. (France), Hero Group (Switzerland), Abbott Laboratories (U.S.), Kraft Heinz Foods Company (U.S.), Nestle S.A. (Switzerland), Hain Celestial Group (U.S.), Bellamy’s Australia (Australia). The impact of the strategies applied by the companies is quite significant in terms of the business prospects of the region. Tactics such as merger, acquisition, collaboration, and other methods are playing their part in full to take the market ahead.
Sprout Foods Inc. has recently launched their new line Crinklez that are healthy, gluten-free, with no added sugar, color or additives. The products are entirely of organic ingredients and contain only 25 calories currently available in cheesy spinach and pumpkin carrot flavors.
Happy Family launched Happy Baby & Happy Tot Whole Milk Yogurt in 2018 with ten blends on offer and produced for toddlers from six months to three years.
The Asia Pacific organic baby food market can be segmented by product type, ingredients, and distribution channel.
Based on the product type, the APAC organic baby food market can be segmented into ready to eat, milk formula, dried foods and others.
On the basis of ingredients, the APAC organic baby food market includes grains & cereals, dairy, vegetables, fruits, meat.
Based on distribution channel, the APAC organic baby food market can be segmented into store-based, non-store-based. The store-based segment can be sub-segmented into hypermarkets, food specialist, convenience stores and others.
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The region-specific approach of the Asia Pacific organic baby food market includes China, Japan, India, Australia, New Zealand, Indonesia, and Rest-of-the-Asia Pacific. The countries are playing skillfully to take their market ahead. They are finding new avenues to expand their distribution channel to the untapped market and explore possibilities.
China is ruling the regional market with sizeable revenue. The country is also touted to retain its dominance during the forecast period. It can be accredited to its robust economic growth, fast-paced urbanization, and booming middle-class population. China can expect a rise by 12.01% CAGR during the forecast period.
India is expecting a robust growth as the knock-out effect of increasing disposable income and budding awareness regarding organic food. Huge population is also playing the number card with great gusto to take the market forward. On the other hand, Indonesia is expecting a substantial 12.2% CAGR during the forecast period.
Name: abhishek Sawant
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Organization: Market Research Future
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Release ID: 460799