Baby Cereals & Other Dried Baby Food - Suriname

Suriname

Highlights

Revenue in the Baby Cereals & Other Dried Baby Food market amounts to US$689.40k in 2024. The market is expected to grow annually by 8.13% (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$1.10 are generated in 2024.
In the Baby Cereals & Other Dried Baby Food market, volume is expected to amount to 142.00k kg by 2029. The Baby Cereals & Other Dried Baby Food market is expected to show a volume growth of 3.3% in 2025.0.
The average volume per person in the Baby Cereals & Other Dried Baby Food market is expected to amount to 0.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Baby Cereals & Other Dried Baby Food Market in Suriname is experiencing negligible growth due to factors such as low disposable income and traditional feeding practices. This is impacting the market's growth rate, despite an increasing demand for convenient and nutritious baby food options.

Customer preferences: The demand for organic and natural baby food products is on the rise in Suriname, driven by a growing awareness among parents about the importance of nutrition and the potential health risks associated with processed foods. This trend is also influenced by the increasing number of health-conscious millennials becoming parents, who prioritize organic and wholesome ingredients for their children's diets. As a result, there has been a surge in the availability and variety of organic and natural baby cereals and other dried baby food options in the market.

Trends in the market: In Suriname, 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 products. This trend is driven by increasing consumer awareness and demand for healthier options for their babies. Moreover, with the rise of e-commerce and online shopping, there is a growing preference for convenient and time-saving options, leading to a surge in online sales of baby food products. These trends are expected to continue, presenting opportunities for industry stakeholders to expand their offerings and reach a wider customer base. Additionally, there is a growing demand for innovative and functional baby food products, such as those fortified with vitamins and minerals, to cater to the specific nutritional needs of babies. This trend towards healthier and more specialized products is expected to shape the future of the Baby Cereals & Other Dried Baby Food Market in Suriname.

Local special circumstances: In Suriname, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market is heavily influenced by the country's diverse cultural background and its proximity to South American and Caribbean markets. The demand for organic and natural baby food is on the rise, driven by consumer awareness and preference for healthy and sustainable products. Additionally, the government's strict regulations on food safety and labeling have a significant impact on the market's dynamics, creating opportunities for locally sourced and produced baby food products.

Underlying macroeconomic factors: The growth of the Baby Cereals & Other Dried Baby Food Market in Suriname is impacted by macroeconomic factors such as economic stability, consumer purchasing power, and government policies. With a stable and growing economy, consumers in Suriname have increasing disposable income which fuels the demand for baby food products. Furthermore, government policies that promote healthy eating habits for infants and young children also contribute to the growth of the market. Additionally, global economic trends such as rising population and increasing urbanization in Suriname also play a role in driving market growth for baby food products.

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.