Global Baby Food Market 2024

Baby Food Market Size

In 2021, after four years of growth, there was decline in the global baby food market, when its value decreased by -3.9% to $X. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2020, and then dropped modestly in the following year.

Baby Food Production

In value terms, baby food production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Over the period under review, global production hit record highs at $X in 2020, and then dropped in the following year.

Baby Food Exports

Exports

In 2021, overseas shipments of food preparations for infants decreased by -6.8% to X tons, falling for the second year in a row after eight years of growth. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 14%. Over the period under review, the global exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, baby food exports shrank modestly to $X in 2021. In general, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 -6.3% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 25%. The global exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the Netherlands (X tons), France (X tons) and New Zealand (X tons) represented the major exporter of food preparations for infants in the world, comprising 38% of total export. Ireland (X tons) held the next position in the ranking, followed by Germany (X tons) and Spain (X tons). All these countries together took near 17% share of total exports. Poland (X tons), Switzerland (X tons), Rwanda (X tons), Singapore (X tons), Denmark (X tons), the United States (X tons) and Mexico (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Rwanda (with a CAGR of +103.4%), while the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), New Zealand ($X) and France ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 47% of global exports. These countries were followed by Ireland, Germany, Switzerland, Poland, the United States, Singapore, Denmark, Spain, Mexico and Rwanda, which together accounted for a further 31%.

Rwanda, with a CAGR of +108.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average baby food export price stood at $X per ton in 2021, increasing by 2.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2013 an increase of 9.4% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the other global leaders experienced more modest paces of growth.

Baby Food Imports

Imports

In 2021, purchases abroad of food preparations for infants decreased by -10.5% to X tons for the first time since 2011, thus ending a nine-year rising trend. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 12%. Over the period under review, global imports attained the maximum at X tons in 2020, and then declined in the following year.

In value terms, baby food imports contracted to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 18%. Over the period under review, global imports attained the maximum at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, China (X tons), distantly followed by Malaysia (X tons) and the UK (X tons) were the largest importers of food preparations for infants, together creating 30% of total imports. Vietnam (X tons), Saudi Arabia (X tons), Italy (X tons), Germany (X tons), Poland (X tons), France (X tons), Turkey (X tons), Algeria (X tons), Nigeria (X tons) and Iraq (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +12.9% from 2012 to 2021. At the same time, Iraq (+29.8%), Poland (+15.1%), Nigeria (+12.7%), Vietnam (+10.4%), Turkey (+9.3%), Germany (+5.2%), Algeria (+4.6%) and Malaysia (+2.6%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the world, with a CAGR of +29.8% from 2012-2021. Saudi Arabia and France experienced a relatively flat trend pattern. By contrast, the UK (-1.6%) and Italy (-2.4%) illustrated a downward trend over the same period. While the share of China (+10 p.p.), Iraq (+1.8 p.p.) and Poland (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Italy (-1.9 p.p.) and the UK (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported food preparations for infants worldwide, comprising 39% of global imports. The second position in the ranking was held by Saudi Arabia ($X), with a 4.7% share of global imports. It was followed by Vietnam, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +17.5%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-0.4% per year) and Vietnam (+9.2% per year).

Import Prices by Country

The average baby food import price stood at $X per ton in 2021, picking up by 4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2018 an increase of 7.8% against the previous year. Global import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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