Baby Cereals & Other Dried Baby Food - Australia & Oceania

Australia & Oceania

Revenue in the Baby Cereals & Other Dried Baby Food market amounts to US$20.17m in 2024. The market is expected to grow annually by 5.27% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$2,044m in 2024).
In relation to total population figures, per person revenues of US$0.46 are generated in 2024.
In the Baby Cereals & Other Dried Baby Food market, volume is expected to amount to 1.39m kg by 2029. The Baby Cereals & Other Dried Baby Food market is expected to show a volume growth of 3.3% in 2025.
The average volume per person in the Baby Cereals & Other Dried Baby Food market is expected to amount to 0.0kg in 2024.

Key regions: Spain, Russia, Japan, India, United States

Market

Region

Region comparison

Currency

Analyst Opinion

The Baby Cereals & Other Dried Baby Food market in Australia & Oceania is experiencing minimal growth, impacted by factors such as declining birth rates and increasing competition from alternative food options. However, rising health consciousness among parents and the convenience of online shopping may drive future growth.

Customer preferences: The Baby Cereals & Other Dried Baby Food Market within The Food market in Australia & Oceania is witnessing a growing demand for organic and natural baby food options. This can be attributed to the increasing focus on health and wellness among consumers in the region. Additionally, there is a trend towards home-cooked meals for babies, as parents become more conscious of the ingredients and nutrients in their child's food. This shift towards healthier and more natural options is driven by the rising influence of health-conscious millennials and Gen Z parents in the region.

Trends in the market: In Australia & Oceania, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market is experiencing a shift towards organic and natural options. This trend is being driven by growing consumer demand for healthier and more sustainable products. As a result, industry players are investing in R&D to develop new organic and natural baby food products. This trend is expected to continue, as parents become more conscious about the ingredients in their baby's food and seek out healthier options. This also presents opportunities for new players to enter the market with innovative and environmentally-friendly products.

Local special circumstances: In Australia & Oceania, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market is influenced by the region's strong focus on health and wellness. With a growing preference for organic and natural products, there is a demand for organic baby food options in this market. Additionally, Australia & Oceania's strict food safety regulations ensure the safety and quality of baby food products, contributing to the market's growth. In New Zealand specifically, the market is also driven by the country's high birth rate and the government's initiatives to promote breastfeeding and healthy eating habits for infants.

Underlying macroeconomic factors: The Baby Cereals & Other Dried Baby Food Market of the Baby Food Market within The Food market is significantly influenced by macroeconomic factors in Australia & Oceania. The region's stable economic climate and government support for the food industry have created a favorable environment for market growth. Additionally, the increasing trend towards organic and natural baby food products, coupled with rising disposable income and changing consumer preferences, are driving the demand for high-quality and nutritious baby cereals and dried baby food. Furthermore, the region's growing population and increasing birth rates are expected to further propel market growth in the coming years.

Methodology

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.