United States of America (USA) Baby Food, 2021 Update - Market Size by Categories, Consumer Behaviour, Trends and Forecast to 2026

United States of America (USA) Baby Food, 2021 Update - Market Size by Categories, Consumer Behaviour, Trends and Forecast to 2026

  • October 2021 •
  • 163 pages •
  • Report ID: 6179341 •
  • Format: PDF
United States of America (USA) Baby Food, 2021 Update - Market Size by Categories, Consumer Behaviour, Trends and Forecast to 2026

Summary
"United States of America (USA) Baby Food, 2021 Update" is an analytical report which provides extensive and highly detailed current and future market trends in the US market.

The number of live births in the US has declined sharply over the last five years, resulting in a baby population 4.6% lower in 2020 than in 2014. Moreover, both the crude birth rate and fertility rate have declined over the same period. The COVID-19 outbreak has intensified the country’s economic issues and as a result reported a GDP decline of 4.2% in 2020. The baby food sector recorded a value CAGR of 1.40% during 2014-2020. However, volume sales were down in 2020, with the sector declining at a CAGR of 1.84% during 2014-2020. There has been little change in the competitive landscape during 2014-2020 with Abbott, Nestlé, and Mead Johnson (Reckitt Benckiser) remaining in the lead in 2020, far ahead of the competition in both value and volume terms. Abbott retained the top spot in value and volume terms during 2014-2020 and remained leader in the milk’s category. Hypermarkets & supermarkets represent the leading distribution channel in the US baby food sector, with over 70% value share in 2020. Overall volume sales in the sector are forecast to expand marginally over 2020-2026 in volume terms, with value sales rising nearly with 1.74% CAGR.

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
- The baby milks category accounted for 66.2% of overall baby food value sales in 2020 and grew at a CAGR of 0.89% during 2014-2020
- Baby cereals & dry meals value sales fell by 0.1% from 2014 to 2020, reducing the category size to US$116 million
- The baby finger foods category rose from US$88.2 million in 2014 to US$112.8 million in 2020, registering a CAGR of 4.2%

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.
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