Baby Food - Cyprus | Statista Market Forecast

Revenue in the Baby Food market amounts to US$10.19m in 2024. The market is expected to grow annually by 5.85% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$20bn in 2024).
In relation to total population figures, per person revenues of US$8.03 are generated in 2024.
In the Baby Food market, volume is expected to amount to 752.10k kg by 2029. The Baby Food market is expected to show a volume growth of 2.6% in 2025.0.
The average volume per person in the Baby Food market is expected to amount to 0.5kg in 2024.

Definition:

The Baby Food market covers specially formulated foods that are intended for infants and small children, most notably in the form of homogenized food preparations. In this market, both supplementary foods (e.g., fruit- and vegetable-based baby food) and infant formula are included.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. 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, click the info button on the right side of each box.

Homogenized and dietary food preparations for infant feeding
Infant formula
Baby rice cereals and flour for baby meals

Baby care products
Baby beverages
Out-of-home consumption

The Baby Food Market in Cyprus is currently experiencing minimal growth, influenced by factors such as the increasing demand for healthier and organic options, the convenience of online shopping, and the rising health consciousness among parents. Despite the slow growth rate, the market is expected to continue expanding due to the high birth rate in the country and the introduction of innovative products catering to different sub-markets.

Customer preferences: As the demand for healthy and convenient food options continues to grow, the Baby Food Market within The Food market in Cyprus has seen a rise in demand for organic and natural baby food products. This trend is driven by a shift towards healthier lifestyles and a growing interest in sustainable and environmentally-friendly products. Moreover, with an increasing number of working parents, there is a growing preference for easy-to-prepare and on-the-go baby food options.

Trends in the market: In Cyprus, the Baby Food Market is experiencing a rise in demand for organic and natural baby food products, driven by increasing health consciousness among parents. This trend is expected to continue, with a forecasted growth in the organic baby food market by 2025. This has also led to a shift towards more transparent and sustainable supply chains, with consumers demanding information on the source and production of the food they are feeding their babies. This trend presents opportunities for industry stakeholders to capitalize on the growing demand for healthier and more ethical products.

Local special circumstances: In Cyprus, the Baby Food Market is heavily influenced by the country's Mediterranean location, resulting in a strong demand for fresh and high-quality ingredients. The traditional Cypriot diet also plays a significant role in shaping the preferences of parents, with a focus on homemade and natural foods for their babies. Additionally, regulatory measures, such as strict labeling requirements and bans on certain additives, further shape the market. These factors contribute to the unique market dynamics in Cyprus and set it apart from other markets in The Food market industry.

Underlying macroeconomic factors: The Baby Food Market in Cyprus is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's strong economic growth and stable political climate have contributed to the overall growth of The Food market, including the Baby Food segment. Additionally, the increasing disposable income and changing lifestyles of consumers have led to a rise in demand for convenient and nutritious baby food products. However, the market is also impacted by factors such as inflation rates, currency fluctuations, and trade policies, which can affect the cost of production and ultimately impact market performance.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.