The Baby Puffs and Snacks Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Baby Puffs and Snacks Global Market Report 2024, The baby puffs and snacks market size has grown strongly in recent years. It will grow from $3.58 billion in 2023 to $3.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to shifting parental lifestyles, rising awareness of nutrition, increased focus on child development, consumer education and information, convenience and portability.
The baby puffs and snacks market size is expected to see strong growth in the next few years. It will grow to $4.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to focus on natural and organic products, clean label movement, innovative flavor profiles, increasing demand for on-the-go products, influence of social media. Major trends in the forecast period include allergen-free options, transparency and traceability, focus on nutrient-dense ingredients, continued flavor innovation, emphasis on probiotics and gut health.
An increase in the number of working women is expected to propel the growth of the baby puffs and snacks market going forward. Working women refer to women who are employed full-time and get a salary, earnings, or another form of income. Working women frequently need to strike a balance between work and family, which includes making sure that their children or babies are eating food packed with health and nutrition. Working women typically prefer homemade baby snacks like eggs, soups, and finger foods like date balls for managing their babies’ diets. For instance, in March 2023, according to the US Department of Labor, a US-based government administration, the predicted increase in the labor force for all women is 4,652,000, or 6.1%, from 2021 to 2031, an increase of 2,892,000, or 6.0%, is anticipated for women aged 25 to 54. Therefore, an increase in the number of working women is driving the growth of the baby puffs and snacks market.
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The baby puffs and snacks market covered in this report is segmented –
1) By Type: Snacks, Puffs
2) By Category: Organic, Conventional
3) By Sales Channel: Offline sales, Online sales
Product innovations are a key trend gaining popularity in the baby puffs and snacks market. Companies operating in the baby puffs and snacks market are developing innovative products to sustain their position in the market. For instance, in November 2022, Mission MightyMe, a US-based food and beverage services company, launched two limited-edition peanut butter puff flavors, strawberry and banana. It is the only brand of quick-dissolve puffs that uses real fruit and peanut butter and is free of any additional sugar or artificial flavors. The company’s new organic, limited-edition fruity flavors give parents more choices for introducing peanuts to their children early and keeping them in their diets because they contain more than 50% peanuts and three times as much protein as regular baby puffs.
The baby puffs and snacks market report table of contents includes:
1. Executive Summary
2. Baby Puffs and Snacks Market Characteristics
3. Baby Puffs and Snacks Market Trends And Strategies
4. Baby Puffs and Snacks Market analysis
5. Baby Puffs and Snacks Market Size And Growth
6. Baby Puffs and Snacks Segmentation
7. Baby Puffs and Snacks Regional And Country Analysis
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27. Baby Puffs and Snacks Competitive Landscape And Company Profiles
28.Baby Puffs and Snacks Key Mergers And Acquisitions
29. Baby Puffs and Snacks Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Danone S.A
- The Kraft Heinz Company
- The Hershey Company
- The Hain Celestial Group Inc.
- Hero Group
- Hipp GmbH & Co. Vertrieb KG
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