The baby finger food market in APAC is expected to reach US$ 7,779. 74 million by 2027 from US$ 4,060. 19 million in 2019; it is expected to grow at a CAGR of 8. 6% from 2020 to 2027. Availability of wide variety of baby finger foods is bolstering the growth of the APAC baby finger food market.
New York, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Asia Pacific Baby Finger Food Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type and Distribution Channel" - https://www.reportlinker.com/p05989491/?utm_source=GNW
The demand and popularity of the baby finger foods are growing at a staggering rate.
The baby finger foods are available in raspberry & beetroot and banana & pumpkin.As these foods are available in various flavors, babies become more excited to have such finger food.
Danalac baby teething biscuits are best for growing babies as they start teething and gradually require more solid foods than just baby milk.These baby cookies are also a great snack and a healthy finger food for children.
The baby teething biscuits and baby finger foods are made with wholesome ingredients that help a kid’s growth. The products are available in various flavors such as natural, cocoa, and banana. Piccolo offers multiple products, including animal protein-free, dairy-free, egg-free, gluten-free, and peanut-free products. Baby finger foods are available in different flavors and forms that attract babies to consume more.
Based on product type, the baby finger food market is categorized into prepared, dried and others.The prepared segment dominated the baby finger food market and is expected to grow at fastest growth rate during the forecast period of 2020 to 2027.
Prepared food mainly includes porridge, purees, biscuits and puff, squash and other food items, which are ready to eat.The dominance of the market is attributable to increasing population of working women in rising economies across the world.
The dried baby food segment includes dried fruits & vegetables and cereals.The growth of the segment is mainly due to shelf life of these products and easiness of preparation.
As more people are becoming aware of the importance of proper nutrition for babies and what that entails, they are looking for prepared and packaged baby foods to meet their needs. These factors further propel the growth of the baby finger food market in APAC.
COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans.COVID-19 is anticipated to cause heavy loss to economies in APAC.
The consequence and impact might worsen in the coming months, depending on the spread of the virus.Governments in APAC countries are taking possible steps to reduce the effects of pandemic by imposing lockdowns, which, however, impacts the revenue generation by regional companies.
The Airports Council International (ACI) Asia-Pacific has warned that the prolonged duration of the COVID-19 outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously set growth prospects. Such suspension of activities is anticipated to hinder the baby finger food market growth in this region in the coming period.
The overall APAC baby finger food market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the APAC baby finger food market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the APAC baby finger food market. Key players operating in the APAC baby finger food market include Hero Group; Nestlé, S.A.; Kraft-Heinz, Inc.; The Hain Celestial Group, Inc.; HiPP GmbH & Co. Vertrieb KG; Lotus Bakeries Corporate; and Dana Dairy Group.
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