The baby finger food market in APAC is expected to reach US$ 7,779.74 million by 2027 from US$ 4,060.19 million in 2019; it is expected to grow at a CAGR of 8.6% from 2020 to 2027.
China and India are the major contributors to the market in APAC. In 2019, China contributed to the largest share in the APAC baby finger food market while India is expected to be the fastest-growing country over the forecast period. Growth in urbanization and upsurge in the middle-class population supports the market for baby finger food in China and India. The countries are considered to be the significant markets of baby finger foods, in terms of production and consumption. Rapid urbanization coupled with increase in disposable income and shift in consumer lifestyle are some of the potential drivers facilitating the growth of the baby finger food market in the countries. Further, the growth of distribution channel such as hypermarket and supermarket, online, convenience store and other along with strong presence of leading manufacturers have significantly driven the growth of the baby finger food market in both the countries.
Increasing demand for organic and natural baby finger food is bolstering the growth of the baby finger food market in APAC region. Organic baby finger foods are such baby foods which are prepared from such fruits and vegetables which are being cultivated without the use of artificial fertilizers or harmful chemicals. Organic and natural form of baby finger food has started gaining traction in the wake of alarming health issues and rising focus on healthy living. The organically grown baby finger food is capable of better retaining essential nutrients. Rising use of organically grown fruits and vegetables in preparation of baby finger is expected to promote the growth of the market. Companies such as The Hain Celestial Group, Inc.; HiPP GmbH & Co. Vertrieb KG; and other companies distribute organic baby finger food worldwide. Apart from the rise in population demanding healthier food options, rising disposable income has fuelled the demand for organic baby finger food. The well-established countries are specifically experiencing massive growth in demand for organic food.
Based on distribution channel, the baby finger food market is bifurcated into hypermarket and supermarket, convenience stores, online and others. The online portals have been beneficial in the growth and expansion of the baby finger food market. Increased use of mobile phones, computers, and laptops, has helped in the growth of digital channels, with respect to strength and volume. Every manufacturer wants to sell their product online, as it reduces the operation cost and helps them to reach targeted customers. This also helps to increase the consumer base and sell their products. Also, consumer online marketing has an added benefit of home delivery, varied payment options, and attractive discounts and offers that have been convenient for the customers. Many consumers are opting for online shopping as it saves time, money, and efforts for shopping compared to other distribution channels. Also, these portals provide detailed information about the product, such as product description, user’s review, application, and user guide, which helps the buyer to compare different products at a glance and choose the product wisely. Features such as 24x7 availability, easy access, secure payment options, quick service, and home delivery have attracted consumers to shop online for baby finger food products. Increased internet and smartphone penetration have enabled the consumer to explore various e-commerce portals and shop daily needs products online. The online portal with a great user interface offers convenience, a wide range of products and discounts & offers, which attracts the consumer. The comfort, availability of a vast array of products, and time management properties of online stores are the contributing factors to the online channels to promote the sales of baby finger food market.
COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans COVID-19 is anticipated to cause heavy loss in APAC economy. The consequence and impact might worsen in the coming months, depending on the spread of the virus. Governments in APAC countries are taking possible steps to reduce the effects of pandemic by imposing lockdowns, which, however, impacts the revenue generation by regional companies. The Airports Council International (ACI) Asia-Pacific has warned that the prolonged duration of the COVID-19 outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously set growth prospects. Such suspension of activities is anticipated to hinder the baby finger food market growth in this region in the coming period.
APAC Baby Finger Food Market Revenue and Forecast to 2027 (US$ Million)
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APAC Baby Finger Food Market – By Product Type
- Prepared
- Dried
- Others
APAC Baby Finger Food Market – By Distribution Channel
- Hypermarket and Supermarket
- Convenience Stores
- Online
- Others
APAC Baby Finger Food Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Baby Finger Food Market – Companies Mentioned
- Hero Group
- Nestlé, S.A.
- Kraft-Heinz, Inc.
- The Hain Celestial Group, Inc.
- HiPP GmbH & Co. Vertrieb KG
- Lotus Bakeries Corporate
- Dana Dairy Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type and Distribution Channel (Hypermarket and Supermarket, Convenience Stores, Online, and Others
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 APAC Market Segmentation
1.3.1 APAC Baby Finger Food Market – By Product Type
1.3.2 APAC Baby Finger Food Market – By Distribution Channel
1.3.3 APAC Baby Finger Food Market – By Country
2. APAC Baby Finger Food Market - Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Baby Finger Food Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
5. APAC Baby Finger Food Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging awareness regarding baby nutrition
5.1.2 Availability of wide variety ofbaby finger food
5.2 Restraint
5.2.1 High level of sugar content along with high price associated with baby finger food
5.3 Opportunity
5.3.1 Increasing Demand for Organic and Natural Baby Finger Food
5.4 Future Trend
5.4.1 Growing popularity of baby finger food in emerging nations
5.5 Impact Analysis of Drivers and Restraints
6. Baby Finger Food Market – APAC Analysis
6.1 APAC Baby Finger Food Market Overview
6.2 APAC: Baby Finger Food Market – Revenue and Forecast to 2027(US$ Mn)
6.3 APAC Baby Finger Food Market, By Country - Forecasts and Analysis
6.4 Competitive Positioning – Key Market Players
7. APAC Baby Finger Foods Market Analysis – By Product Type
7.1 Overview
7.1.1 APAC: Baby Finger Food Market, by Product Type
7.2 Prepared
7.2.1 Overview
7.2.2 Prepared: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
7.3 Dried
7.3.1 Overview
7.3.2 Dried: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
7.4 Others
7.4.1 Overview
7.4.2 Others: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
8. APAC Baby Finger Food Market Analysis – By Distribution Channel
8.1 Overview
8.1.1 APAC: Baby Finger Food Market, by Distribution Channel
8.2 Hypermarkets and Supermarkets
8.2.1 Overview
8.2.2 Hypermarkets and Supermarkets: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
8.3 Convenience Store
8.3.1 Overview
8.3.2 Convenience Store: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
8.4 Online
8.4.1 Overview
8.4.2 Online: Baby finger food Market – Revenue, and Forecast to 2027 (US$ Mn)
8.5 Others
8.5.1 Overview
8.5.2 Others: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
9. APAC Baby Finger Food Market – Country Analysis
9.1 Overview
9.1.1 APAC: Baby Finger Food Market, by Key Country
9.1.1.1 Australia: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 Australia: Baby Finger Food Market, by Product Type
9.1.1.1.2 Australia: Baby Finger Food Market, by Distribution Channel
9.1.1.2 China: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 China: Baby Finger Food Market, by Product Type
9.1.1.2.2 China: Baby Finger Food Market, by Distribution Channel
9.1.1.3 India: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 India: Baby Finger Food Market, by Product Type
9.1.1.3.2 India: Baby Finger Food Market, by Distribution Channel
9.1.1.4 Japan: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.4.1 Japan: Baby Finger Food Market, by Product Type
9.1.1.4.2 Japan: Baby Finger Food Market, by Distribution Channel
9.1.1.5 South Korea: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.5.1 South Korea: Baby Finger Food Market, by Product Type
9.1.1.5.2 South Korea: Baby Finger Food Market, by Distribution Channel
9.1.1.6 Rest of APAC: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.6.1 Rest of APAC: Baby Finger Food Market, by Product Type
9.1.1.6.2 Rest of APAC: Baby Finger Food Market, by Distribution Channel
10. Impact of COVID-19 Pandemic On APAC Baby Finger Food Market
10.1 APAC: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Hero Group
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 Nestlé, S.A.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 Kraft-Heinz, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 The Hain Celestial Group, Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 HiPP GmbH & Co. Vertrieb KG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Lotus Bakeries Corporate
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.1 Key Developments
11.7 Dana Dairy Group
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. APAC Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. APAC Baby Finger Food Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 3. APAC Baby Finger Food Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Mn)
Table 4. Australia Baby Finger Food Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 5. Australia Baby Finger Food Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Mn)
Table 6. China Baby Finger Food Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 7. China Baby Finger Food Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Mn)
Table 8. India Baby Finger Food Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 9. India Baby Finger Food Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Mn)
Table 10. Japan Baby Finger Food Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 11. Japan Baby Finger Food Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 12. South Korea Baby Finger Food Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 13. South Korea Baby Finger Food Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 14. Rest of APAC Baby Finger Food Market, by Product Type – Revenue and Forecast to 2027 (US$ Mn)
Table 15. Rest of APAC Baby Finger Food Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Mn)
Table 16. Glossary of Terms, APAC Baby Finger Food Market
LIST OF FIGURES
Figure 1. APAC Baby Finger Food Market Segmentation
Figure 2. APAC Baby Finger Food Market Segmentation – By Country
Figure 3. APAC Baby Finger Food Market Overview
Figure 4. Prepared Segment Held Largest Share of APAC Baby Finger Food Market
Figure 5. China Held Largest Share Of APAC Baby Finger Food Market
Figure 6. Baby Finger Food Market, Industry Landscape
Figure 7. APAC: PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Baby Finger Food Market Impact Analysis of Drivers and Restraints
Figure 10. APAC: Baby Finger Food Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 11. APAC: Baby Finger Food Market Revenue Share, by Product Type (2019 and 2027)
Figure 12. APAC Prepared: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 13. APAC Dried: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 14. APAC Others: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 15. APAC: Baby Finger Food Market Revenue Share, by Distribution Channel (2019 and 2027)
Figure 16. APAC Hypermarkets and Supermarkets: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 17. APAC Convenience Store: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 18. APAC Online: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 19. APAC Others: Baby Finger Food Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 20. APAC: Baby Finger Food Market Revenue Share, by Key Country (2019 and 2027)
Figure 21. Australia: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 22. China: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 23. India: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Japan: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 25. South Korea: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Rest of APAC: Baby Finger Food Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Impact of COVID-19 Pandemic in APAC Country Markets
- Hero Group
- Nestlé, S.A.
- Kraft-Heinz, Inc.
- The Hain Celestial Group, Inc.
- HiPP GmbH & Co. Vertrieb KG
- Lotus Bakeries Corporate
- Dana Dairy Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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