Baby Cereals & Other Dried Baby Food - Guatemala

Guatemala

Highlights

Revenue in the Baby Cereals & Other Dried Baby Food market amounts to US$18.69m in 2024. The market is expected to grow annually by 7.92% (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$1.02 are generated in 2024.
In the Baby Cereals & Other Dried Baby Food market, volume is expected to amount to 1.71m kg by 2029. The Baby Cereals & Other Dried Baby Food market is expected to show a volume growth of 5.5% 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 Guatemala is experiencing minimal growth, impacted by factors such as low birth rates and competition from homemade baby food. This trend is expected to continue due to increasing health awareness and preference for natural, homemade options among consumers in the country.

Customer preferences: The Baby Cereals & Other Dried Baby Food Market of the Baby Food Market is experiencing a growing demand for organic and natural options, as consumers become more health-conscious. This trend is driven by a shift towards healthier and cleaner eating habits, with a focus on whole and unprocessed foods. Additionally, there is a growing interest in ethically-sourced and sustainable products, especially among millennial parents. This is reflected in the increasing availability of organic and fair trade options in the market.

Trends in the market: In Guatemala, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market is seeing an increase in demand for organic and natural baby food products. This trend is driven by growing awareness among parents about the benefits of feeding their babies with wholesome and chemical-free food. This shift towards healthier options is expected to continue, with industry players focusing on developing new organic and natural baby food products. As a result, stakeholders in the market are investing in research and development to meet this growing demand and gain a competitive edge. This trend also presents opportunities for collaboration with local farmers and promoting sustainable agriculture practices.

Local special circumstances: In Guatemala, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market within The Food market is influenced by the country's predominantly rural population and limited access to healthcare facilities. This has led to a rise in demand for affordable and convenient baby food options, particularly in remote areas. Additionally, the country's strong cultural preference for natural and organic products has resulted in the popularity of locally-sourced and homemade baby food options, impacting the market dynamics.

Underlying macroeconomic factors: The Baby Cereals & Other Dried Baby Food Market within The Food market is greatly impacted by macroeconomic factors such as population growth, disposable income, and consumer spending patterns. Countries with a growing population and rising disposable income are witnessing a surge in demand for baby food products, especially those that offer convenience and nutrition. Moreover, favorable government policies and investments in early childhood nutrition are also driving the market growth. On the other hand, economic downturns and low birth rates in certain regions are expected to hinder 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.