Monopoly Product: The entire edible oil market in Vietnam is currently growing at 8% with palm oil dominating the industry capturing a whooping 70% of the market share. Being solid at room temperature, palm oil has a competitive edge against competing 'soft' vegetable oil like soybean, sunflower and rapeseed oils because it can be readily used for semi-solid and solid food applications. The popularity of palm in Vietnam can be understood by the fact that the country is the second largest importer of palm oil in the entire ASEAN region. Palm oil is also used widely because of its low price. Widespread closures of restaurants, hotels due to COVID-19, reduced palm oil consumption in the foodservice industry in MY 2020/21. Post projects a higher use of palm oil in the food processing and food service sectors in MY 2021/22 as tourism resumes and industrial zones get back to a normal level of production.
The Organic Baby Food market in North America is expected to witness strong growth over the next five years, owing to the increasing awareness among parents regarding the intake of nutrition, with the health benefits associated with organic food. The Organic Baby Food market in North America is expected to grow at a rate of more than 10% CAGR over the next five years. The increasing awareness among parents regarding the intake of nutrition, with the health benefits associated with organic food products which includes vitamins, minerals, fiber, carbohydrates, and calcium is driving the market growth in the North America. The organic baby food segment in the North America is expected to be driven by brand promotions and the involvement of international players in altering the known offerings into organic tags, thereby, increase sales.
Insights Of The Baby Food Market Outlook: Ken Research
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Baby food is easily consumed and soft food which is specifically made for the infants to the toddlers, nearby between six months to two years of age. Baby food is accessible in several tastes, forms and varieties. It can be table food that has been mashes of can be eagerly prevalent and bought from producers. The global baby market has been observing fast growth owing to an increment in the number of working women, also an increment in the parental concerns for the nutrition.
The requirement for the baby food is augmenting as the number of working women augments and there is speedy shift toward the convenience foods, propelling the baby food market sales revenue Millions. The organization of modern households is fluctuating, with the most adults lacking time for the home administration, specifically food preparation and cooking. As the result, requirement for the ready-to-eat or packaged foods has augmented. Not only has this, working women, particularly new mothers, prefer ready-to-eat meal choices. These working mothers select the packaged food for their children owing to it saves them time and enables them to maintain the work-life balance while also caring for the domestic responsibilities.
Growing urbanization and fluctuating lifestyles have augmented the requirement for packaged baby foods in dissimilar societies and cultures. These foods are fed to babies between the ages of four to six months and two years. The effective growth in awareness for nutrition, augment in organized retail marketing, urbanization paired with a significant growth in the count of working women population are foremost factors that boost the baby food market growth. Concerns connected to food safety, falling birth rates, and the practice of feeding home cooked food to babies are the key limitations in this market.
Not only has this, the effective growth in urban population, transforming lifestyles of individuals due to considerable growth in disposable incomes is the major factor that boost the complete growth of the global baby food market. In addition, augment in population of women at workplace leaves less time for food preparation and breast-feeding the infants, in turn requirements quality baby food for their baby. Packaged baby foods are popular across the urban areas, as they deliver the adequate amount of nutrition for infants. Furthermore, home-cooked food is preferred by clients duel in the rural and isolated regions, owing to lack of awareness about these products. However, promotional campaigns and reasonable baby food products would lead to complete increase in the revenue generation of the market.
The prominent augment in the health consciousness among population, expressly regarding babies performs as one of the major aspects propelling the growth of Nestle baby food market revenue. The effective augment in the number of working populations seeking for healthy diet choices for their infants, and varied availability of the food in powder, liquid and paste forms quicken the market growth. The high implementation of the baby food as it helps in developing brain, muscles and nervous system among others, and growth in awareness concerning the countless benefits proposed by the product among consumers further propel the market.
Additionally, based on the baby food market future outlook, speedy urbanization, surge in the organized retail marketing and incidences of malnutrition positively affect the baby food market. Furthermore, growth in demand for organic baby food and augmenting the trend of supplemented baby food products encompasses profitable opportunities to the market players in the forecast period.
At Ken Research, the Baby Food Market Research Reports, marketing channels of baby food and infant formula is also several. Hypermarket, supermarket, drug stores, specialty stores, online sales are the foremost marketing channels of baby food and infant formula. In the present few years, with the speedy development of internet, online shopping platform becomes prominent. More and more moms prefer to purchase the baby food and infant formula through the platform, which impacts the traditional marketing channels principally. Since baby is a special group, the superiority of baby food and infant formula is under limit the regulations.
Nonetheless, the Frozen Baby Food Market Analysis states that the global baby food market has been observing fast growth due to an increment in the number of working women, also an increment in parental concerns for nutrition. Professionally made baby food has assisted working women manage their time. Nonlactation issues which may lead to undernutrition of baby can be solved by professionally made food for babies, which fulfils the nutrition necessities of babies. Underdeveloped economies have been experiencing fast growth in this market. Up-to-date lifestyles and an increment in disposable income has resulted in an augment in requirement for baby food. Augmenting the global urbanization may be a foremost opportunity for the players.
The effective growth in urbanization and varying lifestyles have increased the requirement for packaged baby foods in diverse societies and cultures. These foods are fed to babies between the ages of four to six months and two years. The significant augment in awareness for nutrition, growing in organized retail marketing, urbanization paired with a significant development in the count of working women population are foremost factors that boost the baby food market share. Concerns concerned to food safety, falling birth rates, and the practice of feeding home cooked food to babies are the key limitation in this market.
Based on the Frozen baby food market analysis, the effective growth in urban population, changing lifestyles of individuals owing to considerable augment in disposable incomes is the foremost factor that boost the complete growth of the global frozen baby food market. In addition, augment in population of women at workplace leaves less duration for food preparation and breast-feeding the infants, in turn requirements quality baby food for their baby. Packaged baby foods are prominent in the urban areas, as they convey the adequate amount of nutrition for infants.
At Ken Research, Baby food market research reports covers market ecosystem, value chain analysis, comparative insight, trends and developments, issues and challenges, decision making criteria for consumer while purchasing a baby food product, supervisory framework as well as SWOT analysis. The report arranges with future outlook of baby food industry and certain recommendations highlighting the success influences for entering and expanding the market.
In infant nutrition, parent requirement the highest safety and superiority standards. Key players in the market continuously reform products to make them more appealing to both parents and infants. The growing population of working women and the organized retail market, particularly in developing economies, are projected to drive the baby food market growth forecast.
Geographically, Asia-Pacific (APAC) registered the Nestle Baby Food Market Revenue in the past, and it is projected to grow at the highest CAGR during the foreseeable future. This will primarily be owing to the high birth rates, growing women workforce, augmenting the disposable income, growing awareness of baby food products among people, and extensive research and development (R&D) by several companies in the baby food segment.
The surging requirement for pre-prepared and convenient baby food products such as sauces and purees are hastening the industry growth. The incorporation of diverse flavours in several baby food products, which is progressively appealing to children, is propelling the growth of the baby food industry. Therefore, it is predicted that during the near period the market of baby food will augment more proficiently over the near period. 2ff7e9595c
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