Definition:
The Baby Food market covers specially formulated foods that are intended for infants and small children, most notably in the form of homogenized food preparations. In this market, both supplementary foods (e.g., fruit- and vegetable-based baby food) and infant formula are included.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Baby Food Market in Angola has been experiencing slow growth, influenced by factors such as low disposable income, limited access to quality products, and cultural preferences for homemade baby food. Additionally, the sub-markets of Baby Milk & Infant Formula, Baby Cereals & Other Dried Baby Food, Prepared Baby Food, and Baby Snacks & Others have varying levels of demand and competition. However, there is potential for growth with the increasing urbanization and changing consumer attitudes towards convenience and nutrition.
Customer preferences: The rising awareness of nutritional needs among parents in Angola has led to a significant increase in demand for organic and natural baby food products. In addition, there has been a shift towards healthier and more sustainable options, with a growing interest in plant-based and eco-friendly baby food products. This trend is driven by a growing concern for the environment and a desire to provide the best possible nutrition for their children.
Trends in the market: In Angola, the Baby Food Market within The Food market is experiencing a shift towards healthier and more organic options for infants and toddlers. This trend is driven by increasing awareness among parents about the importance of proper nutrition for their children's development. As a result, there has been a rise in demand for organic baby food products and a growing number of companies are launching new organic product lines. This trend is expected to continue on an upward trajectory, with potential implications for industry stakeholders such as manufacturers, retailers, and consumers.
Local special circumstances: In Angola, the Baby Food Market is heavily influenced by the country's economic situation. With a high poverty rate and limited access to healthcare, traditional homemade baby food is more commonly preferred over commercial options. Additionally, cultural beliefs and practices surrounding breastfeeding also impact the demand for baby food products. These factors contribute to a slower growth rate compared to other markets, highlighting the importance of understanding local context when entering the market.
Underlying macroeconomic factors: The Baby Food Market in Angola is heavily influenced by macroeconomic factors such as economic stability, government policies, and consumer spending power. With a growing population and improving economic conditions, there has been an increase in demand for baby food products in the country. However, fluctuations in global economic trends and changes in fiscal policies can impact the affordability and accessibility of these products, thereby affecting market growth. Moreover, investments in healthcare infrastructure and supportive regulatory environments can also play a role in driving market expansion, as they contribute to improved healthcare access and outcomes, leading to increased demand for baby food products.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights