The market was valued at US$ 18,589.43 million in 2019 and is anticipated to reach US$ 32,825.92 million by 2027, growing at a CAGR of 7.4% from 2020 to 2027. This is according to our most recent market study, “Baby Finger Food Market Forecast to 2027 – COVID-19 Impact and Global Analysis – Product Type (Prepared, Dried, and Others) and Distribution Channel (Hypermarkets and Supermarkets, Convenience stores, Online The study identifies significant market growth drivers and prominent companies, as well as their recent industry developments.
Baby finger snacks are bite-sized morsels that are simple for newborns and babies to hold and consume. These meal items are renowned for their nutritive content and infant finger food that is simple to digest. These include savoury finger foods including puffs, breadsticks, biscuits, and wafers as well as sweet finger snacks with fruit flavours. Both prepared and dried forms of the infant finger foods are available. This soft, quickly digestible food is created to take the place of breast milk without reducing the essential nourishment required to promote a healthy baby’s growth.
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The market for baby finger foods is benefiting greatly from growing knowledge of its importance in supplying newborns’ and toddlers’ nutritional needs. Additionally, a rising birth rate, appealing and secure packaging, and product developments drive demand for infant finger food. Low-amount artificial ingredient infant food items are now being introduced by manufacturers. Toddlers and infants need a sufficient amount of nourishment in their everyday meals. As a result, packaged infant finger foods with balanced nutritional value are more in demand. Many businesses release cutting-edge food products with appropriate nutritional value and little preservatives. To avoid contamination and guarantee the protection of infants, these items are also made with the utmost care and cleanliness.
Growing dietary awareness, an increase in structured retail marketing, urbanisation, and a considerable rise in the number of working women are some of the major drivers of the baby food industry’s expansion. Baby finger meals are used by the growing number of working women who have little time to focus on their babies’ nutritional needs. This diet is now considered to be crucial for newborns of working mothers. In England (U.K.), 74% of mothers were listed as working mothers as of September 2018, up from 69% five years earlier, according to the Office for National Statistics (ONS). The percentage has been progressively rising from the previous few years, when 62% of moms were said to be working mothers.
Kraft-Heinz, Inc.; The Hain Celestial Group, Inc.; HiPP GmbH & Co. Vertrieb KG; Lotus Bakeries Corporate; Hero Group; Little Dish; Nestlé SA; Annabel Karmel Group Holdings Limited; Piccolo; and Dana Dairy are among the well-established players in the global baby finger food market.
Impact of COVID-19 Pandemic on Baby Finger Food Market
The COVID-19 officially started in Wuhan (China) in December 2019, and since then it has quickly expanded throughout the world. In terms of confirmed cases and recorded deaths as of August 2020, the US, Brazil, India, Russia, Spain, and the UK are some of the worst afflicted nations. Due to lockdowns, travel restrictions, and business closures, the COVID-19 has had an impact on the businesses and industries of numerous nations. One of the biggest businesses in the world, food and beverage is currently experiencing substantial setbacks due to this outbreak, including supply chain breakdowns, cancellation of technology events, and office closures. For instance, China is one of the hardest hit nations and the world’s greatest producer of raw materials for many different industries. The closure of several companies and facilities in China has a significant effect on the production, delivery schedules, and sales of various materials, as well as the worldwide supply chains. Many businesses have already warned of potential delays in product shipments and declines in future sales of their goods. Additionally, the chances for commercial alliances and collaborations are being impacted by the worldwide travel bans implemented by nations in Europe, Asia, and North America. All of these reasons are likely to have a negative impact on the industries and hence hinder the growth of various marketplaces associated with this industry in the upcoming months.
The report includes the segmentation of the global baby finger food market as follows:
Global Baby Finger Food Market, by Product Type
Global Baby Finger Food Market, by Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
Global Baby Finger Food Market, by Geography
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of Asia Pacific
- Middle East &Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of Middle East &Africa
- South America
- Rest of South America
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