Baby Cereals & Other Dried Baby Food - Finland

Finland

Highlights

Revenue in the Baby Cereals & Other Dried Baby Food market amounts to US$13.70m in 2024. The market is expected to grow annually by 4.86% (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$2.47 are generated in 2024.
In the Baby Cereals & Other Dried Baby Food market, volume is expected to amount to 917.80k kg by 2029. The Baby Cereals & Other Dried Baby Food market is expected to show a volume growth of 3.7% 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 Finland has seen slow growth, impacted by factors such as low birth rates and increasing health consciousness among parents. Convenience and benefits of online shopping have also contributed to the market's growth.

Customer preferences: As parents become more health-conscious, there has been a growing demand for organic and natural baby food options in Finland. This trend is driven by the increasing awareness of the benefits of chemical-free and minimally-processed foods for infants. Additionally, with the rise of working mothers and hectic lifestyles, there is a growing demand for convenient and ready-to-eat baby food products, such as pouches and snack packs, which offer a balance between nutrition and convenience.

Trends in the market: In Finland, the Baby Cereals & Other Dried Baby Food Market is experiencing a shift towards organic and natural ingredients, driven by rising health consciousness among parents. This trend is expected to continue, with more manufacturers introducing organic and gluten-free options to cater to consumer demand. Additionally, there is a growing focus on sustainability, with companies adopting eco-friendly packaging and sourcing practices. These trends present opportunities for industry stakeholders to differentiate themselves and tap into the growing demand for healthier and environmentally-friendly baby food options.

Local special circumstances: In Finland, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market is heavily influenced by the country's strict regulatory standards for food products, including those for infant food. Additionally, Finland's strong focus on organic and natural products has led to a growing demand for organic baby food options. The country's high standard of living and high disposable income also contribute to the market's growth, as parents are willing to invest in premium baby food brands.

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 consumer spending power, population demographics, and government policies. As a result of the global economic slowdown, consumer spending on premium baby food products has been affected, leading to a shift towards more affordable options. Additionally, countries with a higher birth rate and a growing middle class are witnessing a rise in demand for baby cereals and other dried baby food products. Government initiatives promoting healthy eating habits among infants and toddlers are also expected to drive market growth.

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.