Int'l : +1(646) 600-5072 | query@kbvresearch.com
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Baby Drinks Market size is expected to reach $76.2 billion by 2030, rising at a market growth of 9.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,369.5 Kilo Tonnes, experiencing a growth of 9.3% (2019-2022).
The 6 Months to 12 Months segment is experiencing a CAGR of 9.4% during (2023 - 2030). Between the ages of 6 months to 12 months, infants typically transition to complementary foods alongside continued breastfeeding or formula feeding. These drinks have become a part of this transition, offering a liquid and convenient form of nutrition that complements the introduction of solid foods. Parents often seek beverages that align with the evolving dietary needs of their growing infants.
The Supermarkets & Hypermarkets segment is registering maximum revenue in the Global Baby Drinks Market, by Distribution Channel in 2022; thereby, achieving a market value of $25.3 billion by 2030. Supermarkets and hypermarkets often encourage bulk purchases through promotions and discounts. Parents looking to ensure a steady supply of the drinks are drawn to these outlets for cost-effective buying options. Bulk purchasing can be particularly appealing for items with a longer shelf life, such as baby drinks.
The Baby Juice segment is experiencing a CAGR of 10% during (2023 - 2030). The trend towards natural and organic ingredients has influenced the growth of the baby juices segment. Parents are increasingly looking for products free from artificial additives and preservatives. Baby juices made from natural fruits, with minimal processing, align with this preference. These aspects will pose lucrative growth prospects for the segment.
The Asia Pacific region is generating the highest revenue in the Global Baby Drinks Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $35.1 billion by 2030. The Europe region is anticipated to grow at a CAGR of 8.9% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 8.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/baby-drinks-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Reckitt Benckiser Group PLC, Danone S.A., HiPP GmbH & Co. Vertrieb KG, Nestle S.A, The Hain Celestial Group, Inc., Campbell Soup Company, Abbott Laboratories, Arla Foods, Inc., Bobbie Baby, Inc., and Holle baby food AG.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Related Reports: