South America Baby Food Market Research Report, 2027

Baby food is intended to fulfil the particular requirements of infants in good health while they are being weaned, and of young children in good health as a supplement to their diet and/or for their progressive adaptation to ordinary food The food comes in many varieties and flavors that are purchased ready-made from producers, or it may be table food eaten by the family that has been mashed or otherwise broken down. According to the report titled, “South America Baby Food Market Research Report, 2027”, published by Actual Market Research the market in the region was valued at almost USD 11 Billion in the year of 2021. The population of demography between the age of 0-4 years in the region was constantly in creasing during the historic period from being 22.75 million in 2016 to 22.82 million in 2021. All though not a significant growth this slight increase has helped the market sustain a growth rate of CAGR 5.74% till 2021. The report classifies the market on the basis of product type and sales channel, on the basis of product type the category consist of milk formulas, dried baby food, Cereals and other categories. While on the basis of sales channel the market is categorised into hyper/supermarkets, Pharmacy/drugstores, convenience stores and online channel. The milk formula segment held the highest market share in the region with occupying around 60% of the total market. This market share is due to the convenience this product provides for the parents especially the mothers, this product can be used as substitute for breast milk when some or other complication hinders the availability of the source. All though, one of the fastest growing segment will be the dried baby foods during the forecast period in the region. The decline in infant health in the South American region is increasing the need and demand for infant health products. Bolivia is regarded as having the highest infant death rate in South America, per UNFPA (United Nations Population Fund) data. The region's baby food business is expanding due to the fall in infant health and malnutrition in South American nations. The South American baby food market is being stimulated by South American governments' aid in supporting initiatives that support infant health development. South American consumers are willing to spend more money on infant food products because the region's population is always growing and they want to be able to feed their babies healthy food from an early age. Even though organic baby food is expensive, consumers with more disposable means aren't hesitant to buy it since they view it as an essential item for their children's health. Consumers can be certain of the quality of infant foods purchased from reputable companies in South America thanks to on-going marketing activities. Customers in this region are placing a higher value on food safety, food preparation methods, and the materials used in it as a result of multiple food safety incidents in recent years. Therefore, the majority of the consumers are choosing natural products baby food over others. The main reason fueling the market expansion of South American infant food is the improvement in the standard of life of the population there. The rise in disposable income and the expansion of the working class populations in South America have both favourably impacted the surge in demand for baby health goods. Along with this the region has always experienced malnutrition conditions in rural population of children, to deal with this problem the nutrient content provided to the child at an early stage is a crucial aspect. This has further increased awareness amongst non-urban parts of the region creating more than demand. In response to this demand companies are looking to make innovative products which can be made available easily to the segment of the population in question.

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While numerous factors help the growth of the baby food market in the region there are a few of them which obstructs its growth. Firstly, the perception of consumer about processed baby food along with the lack of knowledge about organic options is declining the market growth. Along with this the high price of organic food which is mostly because of the increased cost of raw materials used in them is creating a problem in widespread adoption of the baby food industry. COVID-19 Impact The Covid-19 pandemic affected the baby food market in the region moderately. The poor economic strength of the different countries which was further worsened by the pandemic created a negative impact on the market growth. Along with this lockdowns and travel restrictions observed the consumer shifting to home-made meals. But with the ease in restrictions and the parents resuming their on premises work, the market has observed a slight yet sustainable growth recently. Major Companies Included: The Kraft Heinz Company Reckitt Benckiser Group plc, Hero Group, Arla Food, Danone

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Kripa Shah

Senior Analyst

Considered in the report • Geography: South America • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Countries covered: • Brazil • Argentina • Columbia Aspects covered in the report • Market Size by Value for the period (2016-2027F) • Market Share by Product Type (Milk Formula, Dried Baby Food, Cereals, Others) • Market Share by Channel Sales (Hyper/Supermarket, Convenience store, Pharmacy/ Drugstores, Online) • Market Share by Country • Market Share by Company The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modelling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations; validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Consumer goods and Service industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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