The latest report by MarkNtel Advisors, titled “Canada Baby Food Market” Size study report 2024-30 provides an in-depth examination of revenue growth, market definition, segmentation, industry potential, and influential trends to help comprehend the market’s future outlook and existing prospects. Canada Baby Food Market Share, Size, and Industry Analysis. By Food Category (Milk Formula, Prepared Baby Food, Dried Baby Food, Other Baby Food), By Type of Milk Formula (Standard Milk Formula, Follow-on Milk Formula, Growing-up Milk Formula, Special Baby Milk Formula), By Baby Category (Infant, Toddler), By Distribution Channel (Offline (Grocery Retailer (Convenience Retailer (Convenience Store, Forecourt Retailer), Supermarket, Hypermarket, Discounter, Small Local Grocer ), (Non-Grocery Retailer (Health and Beauty Specialist, Gernral Merchandise Store), Online and other. The Canada Baby Food Market size is projected to grow at a CAGR of around 2.02% during the forecast period, i.e., 2024-30.
Key Highlights of the Market Report:
- Detailed overview of the market share
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Canada Baby Food Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
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Canada Baby Food Market Challenge:
Low Birth Rate in the Country – The decreasing birth rate in the country poses a significant challenge in front of market players as the diminishing birth rates are resulting in a reduction of potential consumers. Canada is among late-childbearing countries as individuals in the country are putting off parenthood due to their desire to grow as individuals, and desire to save money. This has resulted in a significant drop in fertility rates in the country, as of 2020, the fertility rate dropped from 1.47 children per woman in 2019 to a record low of 1.40 children per woman.
In the Canadian Social survey conducted in 2021 by the National Statistical Office, it was observed that three in ten persons aged 25 to 34 wanted to have fewer children. Owing to these factors the number of live births in Canada in 2021 was just 367,684 which is significantly low in terms of other countries. Thus, the declining birth rates in the country would decrease the number of new-born babies in the country which consequently is expected to affect the sales of baby food products during the forecast period.
Canada Baby Food Market Segmentation
By Food Category
-Milk Formula - Market Size & Forecast 2019-2030F, Thousand Tons
-Prepared Baby Food- Market Size & Forecast 2019-2030F, Thousand Tons
-Dried Baby Food - Market Size & Forecast 2019-2030F, Thousand Tons
-Other Baby Food - Market Size & Forecast 2019-2030F, Thousand Tons
By Type of Milk Formula
-Standard Milk Formula- Market Size & Forecast 2019-2030F, Thousand Tons
-Follow-on Milk Formula - Market Size & Forecast 2019-2030F, Thousand Tons
-Growing-up Milk Formula- Market Size & Forecast 2019-2030F, Thousand Tons
-Special Baby Milk Formula- Market Size & Forecast 2019-2030F, Thousand Tons
By Baby Category
-Infant- Market Size & Forecast 2019-2030F, Thousand Tons
-Toddler- Market Size & Forecast 2019-2030F, Thousand Tons
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Major Key Players in Canada Baby Food Market research report:
Mead Johnson Nutrition Co
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Abbott Laboratories Inc
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Kraft Heinz Canada ULC
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Baby Gourmet Foods Inc
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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