The Baby Food Manufacturing industry produces various forms of baby food and has encountered growth over the past five years. However, in 2021, following the pandemic, the industry encountered supply chain disruptions. Supply chain disruptions impacted the industry’s supply and distribution channels. These disruptions caused inefficient manufacturing processes for operators and led manufacturers to exit the industry, resulting in industry establishment declines. However, a jump in per capita disposable income and consumer spending over the past five years has boosted industry demand and revenue. Over the past five years, revenue has climbed at a CAGR of 2.4% to $4.2 billion, including an expected increase of 4.6% in 2024. Profit is expected to climb slightly and account for 1.8% of revenue in 2024 from 1.7% in 2019.
Trends and Insights
- The industry encountered supply chain disruptions stemming from the pandemic.
- Supply chain disruptions put additional pressure on manufacturers and impacted the industry’s supply and distribution channels. Baby formula remains the most significant product segment for manufacturers.
- Baby formula encounters consistent demand and has a longer shelf life than fresh products. Manufacturers seek to develop baby formulas.
- Manufacturers seek to make baby formulas more nutritious while making specialized formulas to meet a specific baby’s needs.
Industry Overview
Industry revenue has grown at a CAGR of 2.4 % over the past five years, to reach an estimated $4.2bn in 2024.Trends and Insights
The industry has encountered supply chain disruptions caused by the pandemic Despite industry revenue growing in 2020 during the pandemic, lingering effects and supply chain disruptions in 2021 caused revenue to plummet.Industry outlook (2024-2029)
Market size is projected to grow over the next five years.Trends and Insights
- Improving economic factors will boost revenue
- Over the next five years, the industry is expected to benefit from a jump in per capita disposable income and consumer spending.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Methodology
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