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India Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast to 2028

Publisher GlobalData
Published Mar 29, 2023
Length 145 Pages
SKU # GBDT17954872

Description

India Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast to 2028


Summary

“India Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast to 2028” 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 India increased by 3.7% during 2016–22, reaching 27.6 million in 2022. This resulted in a baby population of over one million in 2022. However, both the crude birth rate and total fertility rates, have fallen. The GDP of India grew by 6.9% in 2022 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 5.2%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 9% during 2016–22. In volume terms, sales increased in 2022, with the sector recording a CAGR of 2.2%. Baby milks remained by far the largest category in value terms with over 64% of the baby food sector, followed by baby wet meals & other. Nestlé and Gujarat Cooperative Milk Marketing Federation were the top two companies in 2022. Nestlé retained the top spot in value during 2016–22 and remained the leader in baby milks category. Drugstores & pharmacies remained the leading distribution channel, accounting for over 68% of overall value sales in 2022. The market for baby food in the country is expected to increase in value and volume terms during 2022–28, at a CAGR of 8.4% and 2.4%, respectively.

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 rose from INR93 billion ($1.4 billion) in 2016 to INR165.8 billion ($2.1 billion) in 2022, registering a CAGR of 10.1% during this period.
  • Volumes in the baby cereals & dry meals category increased from 73.07 million kg in 2016 to 73.33 million kg in 2022, recording a CAGR of 0.1%.
  • Value sales of baby wet meals & other rose from INR14.9 billion ($221.7 million) in 2016 to INR27.4 billion ($349.1 million) in 2022, at a CAGR of 10.7%.
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

145 Pages
  • Executive Summary
    • Value and Volume Growth Analysis by Region
    • Growth Analysis of India Compared with Other Leading Countries* in Asia-Pacific
    • PCC and PCE of India Compared with Global and Asia-Pacific Markets
    • Births - Live Birth Rates
    • Births - Birth Rates by Region
    • The Consumer
    • The Consumer: Survey Insights
    • Sociodemographic Trends
    • Working Women - Legislation
    • Working Women
    • Breastfeeding Trends -Promotion
    • Breastfeeding Trends -Prevalence
    • Regulations
    • India Baby Food Sector Snapshot
    • Market Size Analysis
    • Manufacturer Shares
    • Baby Milks
    • Baby Cereals & Dry Meals
    • Baby Wet Meals & Other
    • Baby Finger Food
    • Imports
    • Exports
    • Channel Share Analysis
    • Baby Food Retailing
    • GDP Growth and Inflation
    • Future Trends
    • Definitions - Category
    • Definitions - Terminology
    • Baby Population: A fall of 4.9% is expected during 2022-28
    • Sector Value: In 2022, the market’s value sales amounted to $3.3 billion, of which baby milks accounted for $2.1 billion
    • Sector Value: In constant price terms, sales increased by 34.8% during 2016-22
    • Sector Volume: Baby food consumption amounted to 318.16 million kg in 2022
    • Per Capita Expenditure: Expenditure per baby aged 0-36 months stood at $39.6 in 2022
    • Per Capita Expenditure: Spending in real terms rose by 30.3% during 2016-22
    • Per Capita Consumption: Intake per baby aged 0-3 years was 3.8kg in 2022
    • Baby Milks: In 2022, growing-up milk was the largest segment in the baby milks space, accounting for 76.2% of volume sales
    • Value Forecasts: During 2022-28, the value of the overall market will increase by 43.6%
    • Value Forecasts: Value sales in constant terms are anticipated to total INR318.2 billion ($3.6 billion) in 2028
    • Volume Forecasts: Baby food consumption will total 365.88 million kg in 2028
    • Per Capita Forecasts: Expenditure is forecast to reach $59.8 per baby in 2028
    • Per Capita Forecasts: In constant terms, per capita expenditure is projected to reach INR4,033.9 ($45.3) in 2028
    • Per Capita Forecasts: Intake per baby aged 0-3 years is set to stand at 4.6kg in 2028
    • Exchange Rates (LCU per $)
    • Store Checks: A total of 236 SKUs were recorded by GlobalData, with the baby cereals & dry meals category making up the largest proportion
  • Methodology

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