India: Baby Food Market 2024

Baby Food Market Size in India

In 2021, after nine years of growth, there was decline in the Indian baby food market, when its value decreased by -0.3% to $X. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.5% against 2012 indices. Baby food consumption peaked at $X in 2020, and then reduced modestly in the following year.

Baby Food Production in India

In value terms, baby food production reduced modestly to $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +77.1% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of 18%. Baby food production peaked at $X in 2020, and then reduced in the following year.

Baby Food Exports

Exports from India

In 2021, the amount of food preparations for infants exported from India reduced to X tons, declining by -12.5% on 2020 figures. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -29.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 80%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, baby food exports contracted dramatically to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -23.0% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 117%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for baby food exports from India, with a 61% share of total exports. Moreover, baby food exports to Bangladesh exceeded the volume sent to the second major destination, Nepal (X tons), twofold. Bhutan (X tons) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh stood at +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+5.7% per year) and Bhutan (-7.6% per year).

In value terms, the largest markets for baby food exported from India were Bangladesh ($X), Nepal ($X) and Bhutan ($X), together accounting for 94% of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of +43.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average baby food export price amounted to $X per ton, which is down by -10.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2013 an increase of 20%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably country of destination: the country with the highest price was Nepal ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Food Imports

Imports into India

In 2021, the amount of food preparations for infants imported into India reduced remarkably to X tons, declining by -16.5% against 2020. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 72%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, baby food imports declined remarkably to $X in 2021. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 102% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand (X tons), Singapore (X tons) and the Netherlands (X tons) were the main suppliers of baby food imports to India, with a combined 98% share of total imports. These countries were followed by the United Arab Emirates, which accounted for a further 1.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +125.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of food preparations for infants to India, comprising 63% of total imports. The second position in the ranking was taken by Singapore ($X), with a 28% share of total imports. It was followed by the Netherlands, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+87.3% per year) and the Netherlands (+7.4% per year).

Import Prices by Country

In 2021, the average baby food import price amounted to $X per ton, dropping by -4.6% against the previous year. In general, the import price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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