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Chile Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Publisher GlobalData
Published Nov 29, 2022
Length 108 Pages
SKU # GBDT17616202

Description

Chile Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Summary

“Chile Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027” is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Indian market.

The number of live births in Chile declined by 22.4% during 2015-21, reaching 0.2 million in 2021. This resulted in a baby population of 0.6 million in 2021. However, both the crude birth rate and total fertility rates, have fallen. The GDP of Chile grew by 10.8% in 2021 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 4.5%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 2.4% during 2015-21. However, in volume terms, sales declined in 2021, with the sector registering a negative CAGR of 1.6%. Baby milks remained by far the largest category in value terms with over 50% of the baby food sector, followed by baby cereals & dry meals. Nestlé and Abbott Laboratories were the top two companies in 2021. Nestlé retained the top spot in value during 2015-21 and remained the leader in all the categories. Hypermarkets & supermarkets remained the leading distribution channel, accounting for over 55% of overall value sales in 2021. GlobalData estimates that the number of live births will decrease over the forecast period in Chile. Consequently, the market for baby food in the country is expected to decline in volume terms during 2021-27, registering negative CAGRs of 3.6%.

What else does this report offer?
  • Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
  • Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
  • Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
  • Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
  • Future projections considering various trends which are likely to affect the industry.
Scope
  • Value sales of baby milks grew from CLP68.9 billion ($105.4 million) in 2015 to CLP70.8 billion ($93.3 million) in 2021, registering a CAGR of 0.5% during this period.
  • Baby cereals & dry meals volumes fell from 4.77 million kg in 2015 to 4.26 million kg in 2021, declining at a negative CAGR of 1.9%.
  • Value sales of the baby wet meals & other category rose from CLP18.3 billion ($28 million) in 2015 to CLP25.3 billion ($33.3 million) in 2021, registering a CAGR of 5.5% during 2015-21.
Reasons to Buy
  • Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
  • Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
  • Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
  • Investigates which categories are performing the best and how this is changing market dynamics.

Table of Contents

108 Pages
  • Introduction
  • Executive Summary
    • Value and Volume Growth Analysis by Region
    • Growth Analysis of Chile Compared with Other Leading Countries in Latin America
    • PCC and PCE of Chile Compared with Global and Latin American Markets
    • Births – Live Birth Rates
    • Births – Birth Rates by Region
    • Sociodemographic Trends
    • Working Women
    • Working Women – Legislation
    • Breastfeeding Trends – Promotion
    • Breastfeeding Trends – Prevalence
    • Regulations
    • Chile Baby Food Sector Snapshot
    • Market Size Analysis
    • Manufacturer Shares
    • Baby Milks
    • Baby Cereals & Dry Meals
    • Baby Wet Meals & Other
    • Imports
    • Exports
    • Channel Share Analysis
    • Baby Food Retailing
    • GDP Growth and Inflation
    • Future Trends
    • Definitions – Category
    • Definitions – Terminology
    • Appendix – The Baby Population: Number will fall by 15% during 2021–27
    • Appendix – Sector Value: In 2021, the market's value sales amounted to $171.2 million, of which baby milks accounted for $93.3 million
    • Appendix – Sector Value: In constant price terms, sales decreased by 3.9% during 2015–21
    • Appendix – Sector Volume: Baby food consumption amounted to 10.66 million kg in 2021
    • Appendix – Per Capita Expenditure: In 2021, expenditure per baby aged 0–36 months stood at $287.5
    • Appendix – Per Capita Expenditure: Spending in real terms rose by 19.5% during 2015–21
    • Appendix – Per Capita Consumption: Intake per baby aged 0–3 years was 17.9kg in 2021
    • Appendix – Baby Milks: In 2021, first-stage milk was the largest segment, accounting for 48.6% of value sales in the category
    • Appendix – Value Forecasts: During 2021–27, the market is expected to increase by 19.9%
    • Appendix – Value Forecasts: Value sales in constant terms are set to total CLP110.7 billion ($155.5 million) in 2027
    • Appendix – Volume Forecasts: Baby food consumption is anticipated to total 8.55 million kg in 2027
    • Appendix – Per Capita Forecasts: Expenditure is set to reach $405.4 per baby in 2027
    • Appendix – Per Capita Forecasts: In constant terms, per capita expenditure is projected to reach CLP218,553.7 ($307) in 2027
    • Appendix – Per Capita Forecasts: Intake per baby aged 0–3 years is anticipated to total 16.9kg in 2027
    • Appendix – Exchange Rates (LCU per $)
    • Appendix – Store checks: A total of 963 SKUs were recorded by GlobalData, with the baby wet meals & other category making up the largest proportion
    • Summary Methodology
    • About GlobalData
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