The BRIC organic baby food market is projected to reach around US$ 11371.5 million by the end of 2027, in terms of revenue, growing at CAGR of 18.2% during the forecast period (2020-2027).
Market Trends
Product innovation by manufacturers is a trend in the BRIC organic baby food market and this is expected to fuel the market growth. For instance, in May 2019, Nestle launched an organic product within its Ceregrow brand of cereals for children over the age of 12 months, made from 100% organic ragi, wheat, milk, and rice. The product is produced at the company’s Samalkha factory in Haryana (India), using locally grown ingredients.
Figure 2. BRIC Organic Baby Food Market, Revenue Share (%), By Product Type, in 2019
On the basis of product type in 2019, the milk formula segment has accounted the largest market share of 31.3% in terms of value, followed by prepared type and dried type respectively.
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