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Baby Snacks & Others - Guatemala

Guatemala
  • Revenue in the Baby Snacks & Others market amounts to US$1.30m in 2024. The market is expected to grow annually by 7.92% (CAGR 2024-2029).
  • In global comparison, most revenue is generated China (US$806m in 2024).
  • In relation to total population figures, per person revenues of US$0.07 are generated in 2024.
  • In the Baby Snacks & Others market, volume is expected to amount to 76.90k kg by 2029. The Baby Snacks & Others market is expected to show a volume growth of 5.5% in 2025.0.
  • The average volume per person in the Baby Snacks & Others market is expected to amount to 0.0kg in 2024.

Definition:

Baby snacks are defined as food products that are easy for infants and young children to chew and swallow. They are often made with simple, wholesome ingredients that provide a balanced supply of nutrients. The Others category includes baby food types that are not covered elsewhere, such as baby desserts.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.

For more information on the displayed data, use the info button right next to the boxes.

In-Scope

  • Puffs and snack bars such as Happy Baby Organics Superfood Puffs, Kiddylicious Fruity Puffs, and Kiddylicious Juicy Fruit Bars
  • Biscuits such as Happy Baby Organics Teethers
  • Dried fruit and vegetable snacks
  • Melts such as Kiddylicious Smoothie Melts
  • Baked snacks
  • Baby dessert, such as baby yogurt and baby pudding

Out-Of-Scope

  • Baby cereals, such as Nestlé Cerelac
  • Prepared baby food, such as HiPP baby food jars
  • Infant formula, such as Nestlé LACTOGEN 1 Infant Formula Powder
  • Out-of-home consumption

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The Baby Snacks & Others Market in Guatemala has been seeing slow growth, with factors such as competitive pricing and limited consumer awareness impacting the market. Despite this, the convenience of online shopping and increasing health consciousness among parents are expected to drive growth in the future.

Customer preferences:
Consumers in Guatemala are increasingly turning towards organic and locally-sourced baby snacks and food options, driven by a growing awareness of the benefits of natural and sustainable products. This trend is also influenced by the cultural value placed on traditional and homemade foods. Additionally, as more women join the workforce and families become more nuclear, the demand for convenience and on-the-go baby snacks and meals is on the rise, leading to a surge in the sales of packaged and ready-to-eat options.

Trends in the market:
In Guatemala, the Baby Snacks & Others Market of the Baby Food Market within The Food market is experiencing a trend towards organic and natural products. This shift is driven by increasing consumer concerns about the health and wellness of their children. Industry stakeholders are responding by expanding their product lines to include more organic and natural options. This trend is expected to continue, with parents becoming more conscious about the ingredients in their children's food and seeking out healthier options. This presents an opportunity for industry players to differentiate themselves and cater to this growing demand.

Local special circumstances:
In Guatemala, the Baby Snacks & Others Market of the Baby Food Market within The Food market is influenced by the country's rich Mayan heritage and strong sense of community. Traditional Mayan cuisine, which emphasizes fresh, locally-sourced ingredients, has a significant impact on the types of snacks and foods available for babies. Additionally, the country's strict regulations on baby food safety and labeling play a crucial role in shaping the market. Moreover, the cultural value placed on family and child-rearing in Guatemala drives demand for high-quality, nutrient-rich snack options for babies. This unique combination of cultural and regulatory factors sets the Baby Snacks & Others Market in Guatemala apart from other markets in the region.

Underlying macroeconomic factors:
The Baby Snacks & Others Market of the Baby Food Market within The Food market is influenced by macroeconomic factors such as consumer spending, population growth, and government policies. With rising disposable income and urbanization, there is a growing demand for convenient and healthy baby snacks, driving market growth. Additionally, favorable government regulations and investments in healthcare infrastructure are supporting the development of innovative baby food products. However, economic slowdowns and political instability in the region could hinder market growth in the short term.

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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