What are the factors that are driving the growth of Baby Finger Food Market?

Baby Finger Food Market - Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, sales network, business strategies, research & development activities, production and consumption, supply chain analysis, competitive landscape, and market composition analysis.

Population surge, rapid urbanization, growing awareness about nutritional foods, rising disposable income, and growth in number of women professionals are dynamically governing the global baby figure food market across the globe. Milk based baby food products had enjoyed a prominent market for a better part of the century. However, rising health concerns and increasing demand for all round nutrition has triggered the adoption of baby figure food products across the globe. Baby finger food products are bit sized, east to eat pieces of fruits, dry fruits, or vegetables that are targeted for babies aged 6 months and above. With growth of urbanization, the number of working women has increased significantly over last decade. This has created time paucity to look after the proper meal for babies, thereby increasing adoption of processed baby finger food products to keep up with the nutritional requirements. With improving birth rate across the U.S., China, India and Western European countries, the market for baby finger food is anticipated to gain traction over coming years.

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Availability of wide product range is anticipated to drive prepared baby figure food market across the globe

The baby finger food market is segmented based on product type, distribution channels, and geography. Based on product type, the market is sub segmented into prepared, dried and others. The prepared food products contributed a dominating share to the global baby figure food market. Prepared food products are ready to serve, thereby saving preparation time. Consequently, prepared baby finger foods are the preferred type of food products by women professional across the developed countries and thus, are anticipated to grow at a healthy growth rate of 13% during forecast period. The dried food products are preferred across the developing countries owing to the low cost of these products as compared to prepared food products. With availability of wide range of food products, the dried baby figure food products are anticipated to gain traction over the forecast period.

Easy accessibility to freshly prepared food products to contribute towards growth of baby finger food sale at hypermarket and supermarket

Based on distribution channels, the global baby finger food market has been sub-segmented into hypermarket, supermarket, convenience stores, online and others. Hypermarket and supermarket collectively contributed approximately 3/4th of the total baby finger food market in 2018 owing to availability of wide variety of products at these stores. The sale of baby finger food products through supermarket is anticipated to be the fastest growing and is anticipated to exhibit a double digit growth rate close to 15% over forecast period. Sale through convenience store is anticipated to gain traction during the forecast period across developing economies.

Based on geography, the market has been segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America contributed a dominating share to the market in 2018 owing to the presence of leading players across the region. Additionally, increasing number of women professionals across corporate offices and improving infancy rate, the baby figure food market in North America is anticipated to grow at a steady growth rate during forecast period. Asia Pacific is anticipated to be the fastest growing market owing to growing awareness regarding baby nutrition, government initiatives, and high infancy rate across China, and India during years to come. The market in Asia Pacific is anticipated to grow at strong double digit growth during the forecast period.

Major players dominating the global market include ABBOTT NUTRITION, PETER RABBIT ORGANICS, BABYNAT, BRISTOL-MYERS SQUIBB, HEALTHY SPROUTS FOODS INC., YUBAO GOAT DAIRY CO, LTD., and NESTLÉ S.A.

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