Chile Baby Food - Market Assessment and Forecasts to 2029

The number of live births in Chile declined by 21.6% during 2017-23, reaching 171,992 in 2023. This resulted in a baby population of 538,600 in 2023. The GDP of Chile declined by 0.1% in 2023, due to unfavorable economic conditions, while consumer price inflation stood at 7.6%. Overall sales in value terms grew in recent years with the sector registering a CAGR of 1.6% during 2017-23. In volume terms, sales decreased in 2023 registering a negative CAGR of 2.6% during 2017-23. Baby milks remained the largest category in value terms with over 50% of the baby food sector, followed by baby wet meals & others. Nestlé and Abbott Laboratories were the top two companies in 2023. Hypermarkets & supermarkets remained the leading distribution channel, accounting for over 50% of overall value sales in 2023. The analyst estimates that the number of live births will decrease over the forecast period in Chile. The market for baby food in the country is expected to increase in value terms during 2023-29, registering a CAGR of 0.7%.

Key Highlights

• Value sales of baby milks grew from CLP73.2 billion ($112.8 million) in 2017 to CLP80.3 billion ($95.6 million) in 2023, registering a CAGR of 1.6% during this period.
• Baby cereals & dry meals volumes fell from 4.73 million kg in 2017 to 4.03 million kg in 2023, declining at a negative CAGR of 2.6%.
• Value sales of the baby wet meals & others category rose from CLP19.6 billion ($30.3 million) in 2017 to CLP28.5 billion ($34 million) in 2023, registering a CAGR of 6.4% during 2017-23.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the baby food sector in Chile, as part of the analyst’s global coverage of the sector. It includes an analysis of the following :

• Market environment: The report provides a comparative analysis of the value and volume shares of Chile against the Latin American and global baby food sectors. Additionally, the per capita consumption (PCC)* of and per capita expenditure (PCE)* on baby food in Chile are compared at regional and global levels.
• Background: Provides an overview of births, consumer trends, sociodemographic trends, working women population, and regulations in the Chilean baby food sector.
• Category coverage and competitive landscape: The report offers an overview of growth at a sector level and provides an analysis of three categories: baby milks, baby cereals & dry meals, and baby wet meals & others. These categories are analyzed by value, volume, and CAGR for the 2017-29 period. The analysis also includes the PCC of and PCE on baby food in Chile, by category. The report provides an analysis of leading manufacturers and brands in the Chilean baby food sector in 2023 and their sales shares in each category. The much smaller categories of baby finger food and baby drinks are also looked at.
• Production and trade: The report provides an analysis of imports and exports in the Chilean baby food sector.
• Distribution channel: Provides analysis on the leading distribution channels at both sector and category level in 2023.
• Economic background: The report also provides an outlook on macroeconomic indicators in Chile, with a snapshot of the economy and unemployment rate.

Reasons to Buy

• Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
• Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
• Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
• Investigates which categories are performing the best and how this is changing market dynamics.