Belgium Baby Food Market By Age Group
The Belgium Baby Food market is segmented by Age Group into 0-6 Months, 6-12 Month and 12+ Months. The age group of 12+ months accounted for the highest market share in 2022P, as babies start eating much more variety of food.
Competition Scenario in Belgium Baby Food Market
The Belgium Baby Food Market is at a growing stage and is a consolidated market with about 5-10 major players. The domestic companies selling baby food products acquired minority market share. Companies such as Danone Group and Hero Group GmbH acquired majority market share.
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What is the Expected Future Outlook for the Overall Belgium Baby Food Market Across the globe?
The Belgium Baby Food market was valued at USD ~billion in 2022P and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022P-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Belgium Baby Food market is driven by adoption of advance technologies, favorable government initiatives, emergence of new players and influx of foreign investments. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
The baby food market of Belgium is in its growth stage. The consumers are very receptive to newness and innovations for instance, application-based baby food i.e., baby food designed specifically for infants dealing with various body and health issues have gained a lot of popularity in the country. The living standard of Belgium is high and innovation in product category or addition of new online distributors other than the traditional stores will be adopted by the consumers in the coming years.
Majority of revenue share was held by inorganic baby foods earlier because inorganic items costs much less than their organic counterparts. But with rise in family income and growing awareness in millennial parents the organic food will see a huge surge among baby food category owing its health benefits. Goat milk formula products are also witnessed to emerge in future.
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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Baby Food Manufacturers
- Baby Product Manufacturers
- Baby Product Distributors
- Baby Food Distributors
- Government Agencies
- Baby Food Retailers
- NGOs supporting Baby Health
- Pharmaceutical Stores
- Online Sales and Retailing Agencies
- Industry Associations
- Consulting Agencies
Time Period Captured in the Report - Historical Year: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022P– 2027F
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