Baby Cereals & Other Dried Baby Food - Armenia

Armenia

Highlights

Revenue in the Baby Cereals & Other Dried Baby Food market amounts to US$4.14m in 2024. The market is expected to grow annually by 10.18% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$2bn in 2024).
In relation to total population figures, per person revenues of US$1.49 are generated in 2024.
In the Baby Cereals & Other Dried Baby Food market, volume is expected to amount to 517.90k kg by 2029. The Baby Cereals & Other Dried Baby Food market is expected to show a volume growth of 9.2% in 2025.0.
The average volume per person in the Baby Cereals & Other Dried Baby Food market is expected to amount to 0.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Baby Cereals & Other Dried Baby Food Market in Armenia has shown minimal growth due to factors such as limited consumer awareness and traditional feeding practices. Despite this, the market is expected to grow slowly as more parents turn to convenient and nutritious baby food options.

Customer preferences: As parents become more health-conscious, they are looking for organic and natural options for their babies' food. This trend has led to a growing demand for baby cereals and other dried baby food made with clean and wholesome ingredients. Additionally, the rise of eco-friendly and sustainable living has also influenced purchasing decisions, with consumers seeking out products that are ethically sourced and environmentally friendly. This has resulted in a shift towards plant-based and eco-friendly baby food options.

Trends in the market: In Armenia, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market within The Food market is experiencing a shift towards organic and natural baby food products. This trend is driven by increasing consumer awareness and demand for healthier options. Additionally, there is a growing trend of incorporating traditional Armenian ingredients, such as fruits and grains, into baby food products. This trajectory is significant as it reflects a shift towards a more health-conscious and culturally relevant approach to baby food. For industry stakeholders, it presents opportunities to expand product offerings and cater to changing consumer preferences. However, it also poses challenges in terms of sourcing high-quality, organic ingredients and adapting to new production processes.

Local special circumstances: In Armenia, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market is heavily influenced by the country's strong agricultural sector and traditional food preferences. The market is also impacted by strict government regulations on food safety and labeling. Additionally, cultural beliefs and traditions surrounding infant feeding practices have a significant impact on the types of baby food products that are popular in the market. These unique factors contribute to the dynamics of the Baby Cereals & Other Dried Baby Food Market in Armenia, setting it apart from other markets in the region.

Underlying macroeconomic factors: The Baby Cereals & Other Dried Baby Food Market of the Baby Food Market within The Food market is heavily impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. In Armenia, for example, the market is heavily influenced by the country's economic growth and stability, as well as its fiscal policies and investment in healthcare infrastructure. With a stable and growing economy, coupled with government support for the baby food market, the demand for baby cereals and other dried baby food is expected to increase. Additionally, the rising prevalence of chronic diseases and an aging population in Armenia are also factors driving the demand for nutritious and convenient baby food options.

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.