Baby Food - Armenia

Armenia

Revenue in the Baby Food market amounts to €15.41m in 2024. The market is expected to grow annually by 5.69% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€18,340m in 2024).
In relation to total population figures, per person revenues of €5.55 are generated in 2024.
In the Baby Food market, volume is expected to amount to 1,493.00k kg by 2029. The Baby Food market is expected to show a volume growth of 3.7% in 2025.
The average volume per person in the Baby Food market is expected to amount to 0.4kg in 2024.

Key regions: Canada, United Kingdom, Japan, United States, Spain

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Analyst Opinion

The Baby Food Market in Armenia has been experiencing minimal growth, influenced by factors such as low consumer awareness and limited availability of online services. However, the market is expected to see a gradual increase in growth due to rising health consciousness and the introduction of new and convenient baby food products. This growth may also be impacted by sub-markets such as Baby Milk & Infant Formula, Baby Cereals & Other Dried Baby Food, Prepared Baby Food, and Baby Snacks & Others.

Customer preferences: With the rise in health awareness and education, Armenian consumers are becoming more inclined towards organic and natural baby food options. This trend is influenced by the cultural preference for fresh and locally sourced ingredients in traditional Armenian cuisine. Additionally, as more women enter the workforce, there is a growing demand for convenient and nutritious baby food options. This has led to an increase in the availability of ready-to-eat and pre-packaged baby food products in the market.

Trends in the market: In Armenia, the Baby Food Market is experiencing a shift towards more organic and natural options, as consumers become more health-conscious and seek out healthier alternatives for their children. This trend is driven by the increasing awareness of the potential harms of processed and artificial ingredients. As a result, there has been a rise in demand for locally-sourced and sustainable baby food products. This trend is expected to continue, as consumers become more informed and prioritize the health and well-being of their children. This presents opportunities for industry stakeholders to tap into this growing market and cater to the evolving needs and preferences of consumers. Additionally, there is potential for partnerships and collaborations with local farmers and suppliers to further promote the use of natural and organic ingredients in baby food.

Local special circumstances: In Armenia, the Baby Food market is influenced by the country's geographical location and cultural preferences. Being a landlocked nation, the availability of fresh produce and ingredients for baby food manufacturing is limited. This has led to a reliance on imported products, resulting in higher prices for consumers. Additionally, traditional Armenian cuisine has a strong emphasis on homemade, natural food, which has contributed to a slower adoption of processed baby food. Furthermore, strict regulations on food safety and labeling have also impacted the market dynamics, ensuring quality and transparency for consumers.

Underlying macroeconomic factors: The Baby Food Market in Armenia is heavily influenced by macroeconomic factors such as economic stability, consumer spending power, and government policies. The country's strong economic growth and increasing disposable income have led to a rise in demand for high-quality and nutritious baby food products. Additionally, government initiatives promoting healthy eating habits and the growing trend of working mothers are also driving the market growth. However, factors such as inflation, currency fluctuations, and trade policies can impact the pricing and availability of baby food products in the market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.