Venezuela Baby Food Market - Forecast(2023 - 2028)
Venezuela Baby Food Market Overview
The Venezuela Baby Food Market is estimated to be $497.6 million in 2027 growing at a CAGR of 8.9% over the forecast period 2022-2027. Baby food products are food items intended for the consumption of babies. In comparison to other food products, it is easily consumed. The baby food items provide a high nutrient value and come in a variety of flavors. The baby foods are either soft or liquid pastes which babies may readily eat. The majority of food is processed inside the body to build organs and tissues, which has an immediate impact on the structure and function of growing bodies. After breast milk, infant formula or specifically prepared dried milk for babies is the second-best option for completing a baby's nutritional demands. Oatmeal is an excellent food for babies for several reasons. It's easy on their stomachs and high in fiber, magnesium, iron, and zinc. Moreover, Breakfast Cereal is a good breakfast option for children. Cereals can be a great way of getting healthy, slow-release carbohydrates into children's diets at the start of each day. Breast-fed babies have different gastrointestinal microbiota than standard formula-fed babies. While mother's milk contains prebiotics and trace amounts of probiotics, standard infant formula does not. Infant formula contains a variety of prebiotic oligosaccharides, including galacto oligosaccharides, fructo-oligosaccharides, polydextrose, and mixtures of these.
The increasing urban population and changing lifestyles of individuals
as a result of a significant rise in disposable incomes are the primary
factors driving Venezuela’s baby food market's overall growth. Furthermore,
as the number of women in the workforce grows, there is less time for food
preparation and breastfeeding infants, which necessitates the use of
high-quality baby food. Venezuela baby food market is growing owing to the
introduction of numerous flavors in various baby food items, which is becoming
increasingly enticing to children predicted to fuel the market growth over
the forecast period of 2022-2027.
Report Coverage
The report: “Venezuela Baby Food Market – Forecast
(2022-2027)”, by IndustryARC covers an in-depth analysis of the following
segments of the Venezuela Baby Food Market.
Key Takeaways
- The rising incidences of malnutrition among youngsters are a crucial role in the growing popularity of baby food items. The industry's growth is being accelerated by the rising demand for pre-prepared and easy baby food products such as sauces and purees.
- However, economic weaknesses rendered on the economy followed by crippling purchasing power impacts the market growth. Moreover, higher costs for baby food and global supply chain constraints hamper the market for baby food.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Venezuela Baby Food Market Report.
Venezuela Baby Food Market - Type (%) for 2021
Venezuela Baby Food Market Segment Analysis – By Type
The Venezuela Baby Food Market based on type can be further segmented into Organic, and Conventional. The Conventional category held a dominant market share in the year 2021. Furthermore, it is expected to rise in the next years, owing to a growing focus among industry participants on increasing the production of conventional baby food, as the cost of producing organic baby food is greater, and companies have challenges in procuring organic ingredients at a reasonable price. However, the Organic sector is predicted to grow at a faster rate with a CAGR of 9.5% over the forecast period of 2022-2027. Pesticides, antibiotics, chemicals, or growth hormones are not used in the production or processing of organic baby food. They are less likely to be exposed to preservatives and pesticides at an early age if they are fed organic baby food, resulting in a stronger immune system.
Venezuela Baby Food Market Segment Analysis – By Distribution Channel
The Venezuela Baby Food Market based on distribution channels can be
further segmented into Drugstores/ Pharmacies, Supermarket/ Hypermarket,
Convenience Stores, Online, and Others. The Supermarket/
Hypermarket category held a dominant market share in the year 2021. During
the projection period, product demand is anticipated to be fuelled by the rise
of supermarkets in Venezuela, as well as their growing popularity among
consumers. Competition among the product makers for the top slots in
supermarket shelves led to aggressive marketing and profitable pricing
techniques. The online distribution channel is predicted to grow at a
faster rate with a CAGR of 10.3 % over the forecast period of 2022-2027.
This can be attributable to the rapidly expanding e-commerce business. The
popularity of online shopping and rising knowledge of the nutritional value of
baby food among moms are expected to boost product demand in the future years.
Furthermore, customers' tastes are shifting toward online channels,
particularly in light of the current COVID-19 pandemic, resulting in a surge in
online sales of baby food to avoid stepping out and, ultimately, stay safe.
Venezuela Baby Food Market Drivers
Demand for Organic Baby Food is on the Rise Aiding the Market Growth
Consumers are increasingly gravitating toward businesses that promise to
use only Organic ingredients. They have a strong preference for brands that use
organic ingredients in their baby food. During the COVID-19 pandemic, health
issues and food scares had a long-term impact on consumer demand. Consumers
worry about food safety, and personal health drives product purchasing, therefore
there was an initial surge in sales of organic baby food. Nobody wants their
children to consume food that has been tampered with in any way. The immune
system of the babies may be weakened as a result of this. Preservatives are
abundant in many supermarket-sold packaged goods that aren't fresh.
Preservatives have been related to hyperactivity and other difficulties in
toddlers. According to World Food Programme, From December 2019 to
March 2020, child malnutrition in Venezuela increased to 26%. Fresh food has a
higher concentration of vital nutrients, making it better for infants and
toddlers to consume. As their immune systems are still developing, infants and
toddlers are especially vulnerable to the poisons present in genetically
modified foods. Infants' health is harmed when they consume non-organic foods.
In addition, organic infant food lowers the risk of neurodevelopmental
impairment caused by harmful chemicals and pesticides.
Increase in the Working Women's Ratio is a Factor that Promotes the Venezuela Baby Food Market
Working women are prioritizing their children's nutritional needs over
their own, opting for manufactured baby foods, resulting in the expansion of
the Venezuela baby food industry. As of 2019, Venezuela's female labor force
participation rate (percentage of the female population aged 15 and up) (modeled ILO
estimate) was 47.78. It reached a top of 51.10 in 2009, and a low of 45.83 in
1990 over the previous 29 years. Furthermore, urbanization and the increased
working population, particularly among women, have fostered convenience-oriented
lives, increasing demand for organic baby food and, as a result, baby food
sales.
Venezuela Baby Food Market Challenges
High Cost of Baby Food is Posing Challenge to the Market
During the forecast period, the high cost of baby food items is expected
to limit the growth of the overall Venezuela baby food market. Baby food is
more expensive, but it may not provide the same amount of nourishment as
organic food. Food expenditures for babies aged 0 to 2 years average $83 per
month for families earning between $27,000 and $130 per month, while those
earning $109,000 or more spent an average of $114 per month. According to
Tiffani Hays, head of Pediatric Nutrition at Johns Hopkins Children's Center,
the quantity and quality of food consumed by babies has a far bigger impact on
their health than whether they eat organic or not. Organic baby food can be
twice as expensive as conventionally farmed baby food, and it comes in gourmet
blends like "blueberry, strawberry, raspberry, and other fruits and
vegetables." Moreover, crippling economic conditions prevalent in the
country lower the production capabilities and increase the import concern,
which is challenging owing to U.S. sanctions.
Venezuela Baby Food Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and
geographical expansions are key strategies adopted by players in the Venezuela
Baby Food Market. The top 10- Venezuela Baby Food Market companies are-
- Nestlé S.A.
- Danone S.A.
- The Kraft Heinz Company
- Reckitt Benckiser Group plc
- Abbott Laboratories
- HiPP GmbH & Co.
- Vertrieb KG
- Kewpie Corporation
- Perrigo Company plc
- DMK Deutsches Milchkontor GmbH
Recent Developments
- In April 2022, Gerber launched a new-all plant-based range for toddlers. The product would be provided in organic pouches, snacks, and meals using only plant-protein sources. The move comes after Gerber announced in 2021 that it will be striving to create more climate-friendly products. Plant-tastic has been certified as carbon neutral by the Carbon Trust.
- In April 2021, The Kraft Heinz Company released a plant-based baby food line to give babies a high-quality vegan diet. Saucy Pasta Stars with carrots and beans, Potato Bake with sweet garden peas, and Risotto with chickpeas and pumpkin are all part of this line.
- In November 2020, Nestlé S.A. joined the frozen baby food market with the debut of Fresh Start, an organic, single-ingredient line of foods produced with vegetables and healthy grains and packaged in bowls. These products are available in five distinct vegetable combinations.
- In July 2020, Danone SA purchased Murray Goulburn Dairy (Qingdao) Co. Ltd from Saputo Dairy Australia. This transaction, which included a registered infant milk formula brand and a Qingdao facility, was completed in June 2020.
Relevant Reports
Organic
Baby Food Market – Forecast (2022 - 2027)
Report Code: FBR 94636
Global
Fortified Baby Food Market - Forecast (2022 – 2027)
Report Code: FBR 54576
Baby
Products Market - Forecast (2022 – 2027)
Report
Code: CPR 0151
For more Food and Beverage Market reports, please click here
LIST OF TABLES
1.Global LATIN AMERICA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)1.1 OVERVIEW Market 2019-2024 ($M) - Global Industry Research
1.2 DEMOGRAPHIC TRENDS Market 2019-2024 ($M) - Global Industry Research
1.3 DRIVERS Market 2019-2024 ($M) - Global Industry Research
1.4 INHIBITORS Market 2019-2024 ($M) - Global Industry Research
1.5 OPPORTUNITIES Market 2019-2024 ($M) - Global Industry Research
1.6 MARKET SIZE GROWTH Market 2019-2024 ($M) - Global Industry Research
1.7 MARKET TREND Market 2019-2024 ($M) - Global Industry Research
1.8 FUTURE PROSPECT Market 2019-2024 ($M) - Global Industry Research
1.9 MARKET FORECAST Market 2019-2024 ($M) - Global Industry Research
1.10 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Global Industry Research
2.Global VENEZUELA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
2.1 MARKET SIZE GROWTH Market 2019-2024 ($M) - Global Industry Research
2.2 MARKET TREND Market 2019-2024 ($M) - Global Industry Research
2.3 FUTURE PROSPECT Market 2019-2024 ($M) - Global Industry Research
2.4 MARKET FORECAST Market 2019-2024 ($M) - Global Industry Research
2.5 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Global Industry Research
3.Global LATIN AMERICA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 (Volume/Units)
3.1 OVERVIEW Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 DEMOGRAPHIC TRENDS Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 DRIVERS Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 INHIBITORS Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 OPPORTUNITIES Market 2019-2024 (Volume/Units) - Global Industry Research
3.6 MARKET SIZE GROWTH Market 2019-2024 (Volume/Units) - Global Industry Research
3.7 MARKET TREND Market 2019-2024 (Volume/Units) - Global Industry Research
3.8 FUTURE PROSPECT Market 2019-2024 (Volume/Units) - Global Industry Research
3.9 MARKET FORECAST Market 2019-2024 (Volume/Units) - Global Industry Research
3.10 COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global VENEZUELA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 (Volume/Units)
4.1 MARKET SIZE GROWTH Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 MARKET TREND Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 FUTURE PROSPECT Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 MARKET FORECAST Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America LATIN AMERICA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
5.1 OVERVIEW Market 2019-2024 ($M) - Regional Industry Research
5.2 DEMOGRAPHIC TRENDS Market 2019-2024 ($M) - Regional Industry Research
5.3 DRIVERS Market 2019-2024 ($M) - Regional Industry Research
5.4 INHIBITORS Market 2019-2024 ($M) - Regional Industry Research
5.5 OPPORTUNITIES Market 2019-2024 ($M) - Regional Industry Research
5.6 MARKET SIZE GROWTH Market 2019-2024 ($M) - Regional Industry Research
5.7 MARKET TREND Market 2019-2024 ($M) - Regional Industry Research
5.8 FUTURE PROSPECT Market 2019-2024 ($M) - Regional Industry Research
5.9 MARKET FORECAST Market 2019-2024 ($M) - Regional Industry Research
5.10 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Regional Industry Research
6.North America VENEZUELA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
6.1 MARKET SIZE GROWTH Market 2019-2024 ($M) - Regional Industry Research
6.2 MARKET TREND Market 2019-2024 ($M) - Regional Industry Research
6.3 FUTURE PROSPECT Market 2019-2024 ($M) - Regional Industry Research
6.4 MARKET FORECAST Market 2019-2024 ($M) - Regional Industry Research
6.5 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Regional Industry Research
7.South America LATIN AMERICA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
7.1 OVERVIEW Market 2019-2024 ($M) - Regional Industry Research
7.2 DEMOGRAPHIC TRENDS Market 2019-2024 ($M) - Regional Industry Research
7.3 DRIVERS Market 2019-2024 ($M) - Regional Industry Research
7.4 INHIBITORS Market 2019-2024 ($M) - Regional Industry Research
7.5 OPPORTUNITIES Market 2019-2024 ($M) - Regional Industry Research
7.6 MARKET SIZE GROWTH Market 2019-2024 ($M) - Regional Industry Research
7.7 MARKET TREND Market 2019-2024 ($M) - Regional Industry Research
7.8 FUTURE PROSPECT Market 2019-2024 ($M) - Regional Industry Research
7.9 MARKET FORECAST Market 2019-2024 ($M) - Regional Industry Research
7.10 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Regional Industry Research
8.South America VENEZUELA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
8.1 MARKET SIZE GROWTH Market 2019-2024 ($M) - Regional Industry Research
8.2 MARKET TREND Market 2019-2024 ($M) - Regional Industry Research
8.3 FUTURE PROSPECT Market 2019-2024 ($M) - Regional Industry Research
8.4 MARKET FORECAST Market 2019-2024 ($M) - Regional Industry Research
8.5 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Regional Industry Research
9.Europe LATIN AMERICA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
9.1 OVERVIEW Market 2019-2024 ($M) - Regional Industry Research
9.2 DEMOGRAPHIC TRENDS Market 2019-2024 ($M) - Regional Industry Research
9.3 DRIVERS Market 2019-2024 ($M) - Regional Industry Research
9.4 INHIBITORS Market 2019-2024 ($M) - Regional Industry Research
9.5 OPPORTUNITIES Market 2019-2024 ($M) - Regional Industry Research
9.6 MARKET SIZE GROWTH Market 2019-2024 ($M) - Regional Industry Research
9.7 MARKET TREND Market 2019-2024 ($M) - Regional Industry Research
9.8 FUTURE PROSPECT Market 2019-2024 ($M) - Regional Industry Research
9.9 MARKET FORECAST Market 2019-2024 ($M) - Regional Industry Research
9.10 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Regional Industry Research
10.Europe VENEZUELA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
10.1 MARKET SIZE GROWTH Market 2019-2024 ($M) - Regional Industry Research
10.2 MARKET TREND Market 2019-2024 ($M) - Regional Industry Research
10.3 FUTURE PROSPECT Market 2019-2024 ($M) - Regional Industry Research
10.4 MARKET FORECAST Market 2019-2024 ($M) - Regional Industry Research
10.5 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Regional Industry Research
11.APAC LATIN AMERICA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
11.1 OVERVIEW Market 2019-2024 ($M) - Regional Industry Research
11.2 DEMOGRAPHIC TRENDS Market 2019-2024 ($M) - Regional Industry Research
11.3 DRIVERS Market 2019-2024 ($M) - Regional Industry Research
11.4 INHIBITORS Market 2019-2024 ($M) - Regional Industry Research
11.5 OPPORTUNITIES Market 2019-2024 ($M) - Regional Industry Research
11.6 MARKET SIZE GROWTH Market 2019-2024 ($M) - Regional Industry Research
11.7 MARKET TREND Market 2019-2024 ($M) - Regional Industry Research
11.8 FUTURE PROSPECT Market 2019-2024 ($M) - Regional Industry Research
11.9 MARKET FORECAST Market 2019-2024 ($M) - Regional Industry Research
11.10 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Regional Industry Research
12.APAC VENEZUELA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
12.1 MARKET SIZE GROWTH Market 2019-2024 ($M) - Regional Industry Research
12.2 MARKET TREND Market 2019-2024 ($M) - Regional Industry Research
12.3 FUTURE PROSPECT Market 2019-2024 ($M) - Regional Industry Research
12.4 MARKET FORECAST Market 2019-2024 ($M) - Regional Industry Research
12.5 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Regional Industry Research
13.MENA LATIN AMERICA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
13.1 OVERVIEW Market 2019-2024 ($M) - Regional Industry Research
13.2 DEMOGRAPHIC TRENDS Market 2019-2024 ($M) - Regional Industry Research
13.3 DRIVERS Market 2019-2024 ($M) - Regional Industry Research
13.4 INHIBITORS Market 2019-2024 ($M) - Regional Industry Research
13.5 OPPORTUNITIES Market 2019-2024 ($M) - Regional Industry Research
13.6 MARKET SIZE GROWTH Market 2019-2024 ($M) - Regional Industry Research
13.7 MARKET TREND Market 2019-2024 ($M) - Regional Industry Research
13.8 FUTURE PROSPECT Market 2019-2024 ($M) - Regional Industry Research
13.9 MARKET FORECAST Market 2019-2024 ($M) - Regional Industry Research
13.10 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Regional Industry Research
14.MENA VENEZUELA BABY FOOD PEDIATRIC NUTRITION MARKET Market 2019-2024 ($M)
14.1 MARKET SIZE GROWTH Market 2019-2024 ($M) - Regional Industry Research
14.2 MARKET TREND Market 2019-2024 ($M) - Regional Industry Research
14.3 FUTURE PROSPECT Market 2019-2024 ($M) - Regional Industry Research
14.4 MARKET FORECAST Market 2019-2024 ($M) - Regional Industry Research
14.5 COMPETITIVE LANDSCAPE Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Venezuela Baby Food Market Revenue, 2019-2024 ($M)2.Canada Venezuela Baby Food Market Revenue, 2019-2024 ($M)
3.Mexico Venezuela Baby Food Market Revenue, 2019-2024 ($M)
4.Brazil Venezuela Baby Food Market Revenue, 2019-2024 ($M)
5.Argentina Venezuela Baby Food Market Revenue, 2019-2024 ($M)
6.Peru Venezuela Baby Food Market Revenue, 2019-2024 ($M)
7.Colombia Venezuela Baby Food Market Revenue, 2019-2024 ($M)
8.Chile Venezuela Baby Food Market Revenue, 2019-2024 ($M)
9.Rest of South America Venezuela Baby Food Market Revenue, 2019-2024 ($M)
10.UK Venezuela Baby Food Market Revenue, 2019-2024 ($M)
11.Germany Venezuela Baby Food Market Revenue, 2019-2024 ($M)
12.France Venezuela Baby Food Market Revenue, 2019-2024 ($M)
13.Italy Venezuela Baby Food Market Revenue, 2019-2024 ($M)
14.Spain Venezuela Baby Food Market Revenue, 2019-2024 ($M)
15.Rest of Europe Venezuela Baby Food Market Revenue, 2019-2024 ($M)
16.China Venezuela Baby Food Market Revenue, 2019-2024 ($M)
17.India Venezuela Baby Food Market Revenue, 2019-2024 ($M)
18.Japan Venezuela Baby Food Market Revenue, 2019-2024 ($M)
19.South Korea Venezuela Baby Food Market Revenue, 2019-2024 ($M)
20.South Africa Venezuela Baby Food Market Revenue, 2019-2024 ($M)
21.North America Venezuela Baby Food By Application
22.South America Venezuela Baby Food By Application
23.Europe Venezuela Baby Food By Application
24.APAC Venezuela Baby Food By Application
25.MENA Venezuela Baby Food By Application