Prepared Baby Food - Australia

Australia

Revenue in the Prepared Baby Food market amounts to €174.60m in 2024. The market is expected to grow annually by 3.98% (CAGR 2024-2029).
In global comparison, most revenue is generated in Russia (€2,596m in 2024).
In relation to total population figures, per person revenues of €6.53 are generated in 2024.
In the Prepared Baby Food market, volume is expected to amount to 26.48m kg by 2029. The Prepared Baby Food market is expected to show a volume growth of 2.6% in 2025.
The average volume per person in the Prepared Baby Food market is expected to amount to 0.9kg in 2024.

Key regions: United States, United Kingdom, South Korea, India, Russia

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Analyst Opinion

The Prepared Baby Food market in Australia is experiencing minimal growth, influenced by factors such as changing consumer preferences and increasing competition. Despite a negligible growth rate, convenience and health awareness continue to drive the market's expansion in the Food industry.

Customer preferences: With growing concerns over food safety and nutrition, there has been a notable increase in demand for organic and all-natural prepared baby food products in Australia. This trend is driven by a growing preference for healthier and more sustainable options, especially among millennial parents. Additionally, with the rise of busy and time-strapped lifestyles, there is an increasing demand for convenient and ready-to-eat baby food options, leading to the growth of the prepared baby food market in the country.

Trends in the market: In Australia, the Prepared Baby Food Market of the Baby Food Market within The Food market is experiencing a surge in demand for organic and natural baby food products. This trend is driven by parents' increasing focus on providing healthy and nutritious options for their children. Industry stakeholders are responding by introducing new organic and natural products, as well as expanding their distribution channels to reach a wider consumer base. This trend is expected to continue, with potential implications for the industry including increased competition and a shift towards healthier food options for babies.

Local special circumstances: In Australia, the Prepared Baby Food Market of the Baby Food Market within The Food market is influenced by the country's strict regulations on food safety and labeling. This has led to increasing demand for organic and natural baby food products. Additionally, Australia's multicultural population has resulted in a diverse range of baby food offerings, catering to different cultural preferences. Moreover, the country's strong economy and high disposable income have also contributed to the growth of premium baby food products in the market.

Underlying macroeconomic factors: The Prepared Baby Food Market within The Food market in Australia is also affected by macroeconomic factors such as consumer spending trends, government policies, and economic stability. A strong economy and stable consumer spending patterns positively impact the demand for prepared baby food, while economic uncertainty and government regulations can hinder market growth. Furthermore, the increasing awareness of the importance of proper nutrition for infants and young children, combined with the rising number of working mothers, is driving the demand for convenient and nutritious prepared baby food in Australia.

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.