According to our latest market study on “Baby Finger Food Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Product Type (Prepared, Dried, and Others) and Distribution Channel (Hypermarket and Supermarket, Convenience Stores, Online, and Others), and Geography,” the market accounted for US$ 18,589.43 million in 2019 and is expected to grow at a CAGR of 7.4% during 2020-2027 to reach US$ 32,825.92 million by 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Key market players include Kraft-Heinz, Inc.; The Hain Celestial Group, Inc.;HiPP GmbH & Co. Vertrieb KG; Lotus Bakeries Corporate; Hero Group; Little Dish; Nestlé SA; Annabel Karmel Group Holdings Limited; Piccolo;and Dana Dairy Group. Major players in the baby finger food market are focused on strategies such as mergers and acquisitions and product launch to increase the geographical presence and consumer base globally.
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Asia Pacific has become a significant market for the baby finger food on account of rising focus towards health and rising demand for prepared baby finger food. The rise in child infancy rate along with increasing consumer expenditure towards baby nutrition and an expanding number of supermarkets and hypermarkets in the country have also contributed to the business expansion. The Asia-Pacific baby finger food market is driven by the increasing numbers of women working in Asian countries. The change in working demographics is further promoting the growth of baby finger food in Asia Pacific regions. The rise in the disposable income coupled with paradigm shift in focus towards consumption of health promoting and convenient baby food is driving the growth of the baby finger food in the region. Moreover, the growing demand of baby food industry provides a lucrative opportunity for the baby finger food market players operating in the market.
The COVID-19 pandemic first began in Wuhan, China, in December 2019, and since then, it has spread at a fast pace worldwide. As of September 2020, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are among some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverages industry is one of the major industries facing serious disruptions, such as office and factory shutdown, and supply chain breaks, as a result of this outbreak.
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Market Insights
Growing Demand for Organic and Natural Baby Finger Food
Organic baby finger foods are such baby foods which are prepared from such fruits and vegetables which are being cultivated without the use of artificial fertilizers or harmful chemicals. Organic and natural form of baby finger food has started gaining traction in the wake of alarming health issues and rising focus on healthy living. The organically grown baby finger food is capable of better retaining essential nutrients. Rising use of organically grown fruits and vegetables in preparation of baby finger is expected to promote the growth of the market. Companies such as HiPP GmbH & Co. Vertrieb KG, The Hain Celestial Group, Inc., and other companies distribute organic baby finger food across the globe. Apart from the rise in population demanding healthier food options, rising disposable income has fueled the demand for organic baby finger food. The well-established countries are specifically experiencing massive growth in demand for organic food.
GLOBAL BABY FINGER FOOD MARKET SEGMENTATION
Global Baby Finger Food Market, by Product Type
Prepared
Dried
Others
Global Baby Finger Food Market, by Distribution Channel
Hypermarkets and Supermarkets
Convenience Stores
Online
Others
Regional and Country-wise Analysis: Global Baby Finger Food Market
– North America (U.S., Canada, Mexico)
– Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
– Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
– Latin America (Brazil, Rest of L.A.)
– The Middle East and Africa (Turkey, GCC, Rest of Middle East)
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Key points from Table of Content:
1 . Introduction
2. Key Takeaways
3. Research Methodology
4. Baby Finger Food Market Landscape
5. Global Baby Finger Food Market – Key Market Dynamics
6. Baby Finger Food – Global Market Analysis
7. Baby Finger Foods Market Analysis – By Product Type
8. Baby Finger Food Market Analysis – By Distribution Channel
9. Baby Finger Food Market – Geographic Analysis
10. Overview- Impact of COVID-19
11. Industry Landscape
12. Company Profiles
13. Appendix
LIST OF TABLES
LIST OF FIGURES
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