Baby Food - Armenia | Statista Market Forecast

Revenue in the Baby Food market amounts to US$16.79m in 2024. The market is expected to grow annually by 5.85% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$20bn in 2024).
In relation to total population figures, per person revenues of US$6.04 are generated in 2024.
In the Baby Food market, volume is expected to amount to 1.49m kg by 2029. The Baby Food market is expected to show a volume growth of 3.7% in 2025.0.
The average volume per person in the Baby Food market is expected to amount to 0.4kg in 2024.

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.

For more information on the displayed data, click the info button on the right side of each box.

Homogenized and dietary food preparations for infant feeding
Infant formula
Baby rice cereals and flour for baby meals

Baby care products
Baby beverages
Out-of-home consumption

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.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.