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

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

  • March 2022 •
  • 154 pages •
  • Report ID: 6275793 •
  • Format: PDF
India Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

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

The number of live births in India increased by 5.8% during 2010-2021 to reach 27.9 million in 2021. This resulted in a baby population of 82.2 million in 2021. However, both the crude birth rate, and total fertility rates have fallen, during the same period. The GDP of India grew by 9.0% in 2021 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 5.4%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 8.7% during 2015-2021. In volume terms, sales also increased in 2021, with the sector expanding at a CAGR of 1.7%. Baby milks remained the largest category in value terms, with around two-thirds of the total, followed by baby cereals & dry meals with around 25.0% share in 2021. Nestlé and the domestic manufacturer, Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) were the top two companies in 2021. Nestlé retained the top spot in value during 2015-2021 and remained the leader in all the categories. Drug stores and pharmacies remained the leading distribution channel, accounting for 68.6% of overall value sales in 2021. The analyst estimates that the number of live births will continue to increase over the forecast period in India. Based on these assumptions, the market for baby food in India is expected to grow in both value and volume terms, registering a value CAGR of 9.2% and a volume CAGR of 3.0% during 2021-2027.

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
- In value terms, the baby milk category grew from INR84.3 billion ($1,313.8 million) in 2015 to INR147.8 billion ($1,960.7 million) in 2021, registering a CAGR of 9.8%.
- The baby cereals category contracted from 72.8 million kg in 2015 to 69.95 million kg in 2020, declining at a negative CAGR of 0.7%.
- The baby meals category grew from INR13.3 billion ($208.1 million) in 2015 to INR23.4 billion ($310.6 million) in 2021, registering a CAGR of 9.8%.

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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