Analysing the Future Landscape: India Baby Food Market to 6.5 Billion Value in 2023 by 2030, With a 14% CAGR of – MarkNtel Advisors
Market Overview: India Baby Food Market:
According to the latest report from MarkNtel Advisors, the India Baby Food Market is projected to grow at a CAGR of approximately 14% from 2024-30. MarkNtel Advisors, renowned for evaluating business performance, product portfolios, operational segments, and industry developments, provides stakeholders with accurate market projections and estimates. This commitment to precise insights ensures stakeholders can make informed decisions and remain competitive in the rapidly evolving business environment.
India Baby Food Market Possible Restraint:
Low Shelf Life & High Prices to Restraint the Sales – The shelf life of baby food varies for different products as pureed food has a shelf life of over 48-72 hours, and commercial food jars have a shelf life of 1-3 days after they are opened. This acts as a major hindrance in the sales of this nutriment since the low shelf life results in more wastage of resources.
In addition to this, the prices of this food are comparatively higher, which acts as a barrier in India since consumers are highly price sensitive. The population of India has been comprised of low-income & middle-class populations, which are cost conscious and hence purchase the products that are available at a low price & are more durable.
However, the average price of a commercial food jar is over USD10, and in a month around 10 jars are utilized, which sums up the average cost of the commercial jar to be over USD100 in a month. Therefore, consumers prefer homemade food considering it is more economically viable, hindering the sales of baby food.
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Insights into Dominant Segments in the India Baby Food Market
The comprehensive analysis of the India Baby Food Market identifies profitable opportunities across various segments, categorized. This detailed segmentation allows potential investors to make informed decisions and optimize returns.
-By Product Type
- Processed Baby Food
- Milk Formula
- Dried Baby Food
- Other Baby Food
-By Distribution Channel
- Retail Offline
- Retail E-Commerce
-By Age Group
- 3+ years
- 1-3 years
-By Category
- Organic
- Inorganic
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India Baby Food Market Geographical Reach:
The report also examines the market’s geographical landscape, analysing geographical that dominate in terms of size or volume or show promising future growth.
-By Region
- North
- East
- West
- South
Prominent India Baby Food Market Competitive Landscape: and Their Strategic Outlook
The report identifies key players and provides an in-depth analysis of their business strategies, trends, innovations, and manufacturing infrastructure. This strategic analysis helps forecast the market presence of these players over the next five years.
- Nestlé India Ltd
- Nutricia International Pvt Ltd
- Abbott India Ltd
- Raptakos Brett & Co Ltd
- Mead Johnson Nutrition India Pvt Ltd
- Scientific Brain Nutraceutical Pvt. Ltd.
- Saipro Biotech Private Limited
- Happa Foods
- Early Foods
- Gerber
- Others (First solid, Heinz, etc.)
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Key Questions Addressed in the Report
- Current Market Size and Share: What is the current size and share of the India Baby Food Market, and what growth trends are anticipated shortly?
- Product/Service Demand: How does the demand for specific products/services in the India Baby Food Market look, and what factors contribute to its growth or decline?
- Market Forecast: What is the forecast for the India Baby Food Market in terms of size, growth, and emerging trends over the next few years?
- Market Evolution: How has the India Baby Food Market evolved recently, and what are the latest developments that industry professionals should be aware of?
- Demand Factors: What key factors contribute to the demand for the India Baby Food Market, as outlined in the most recent research report?
About Us
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others.
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