Belgium Baby Food Market Is Expected Significant Growth in the Near Future

Belgium Baby Food Market A Dive from 2.8% CAGR in 2024-30| MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on Belgium Baby Food market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2024-30: Revealing Belgium Baby Food Market Insights and Analysis

The Belgium Baby Food Market size is projected to grow at a CAGR of around 2.8% during the forecast period, i.e., 2024-30.

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Belgium Baby Food Market Challenge:

Declining Birth Rate Impeding the Market Growth – The birth rate in Belgium is gradually dropping year by year due to factors like changing demographics, lifestyle changes, and economic factors like the high cost of living. This would result in a decrease in the number of infants and young children in the population and as a result, the demand for infant food items may decline, which would hamper the sales of baby food products during the forecast period. As per the Belgian Statistical Office Statbel’s 2022 report, the number of births in the country fell by 2.9% in 2020 compared to 2019.

Similarly, in 2022, approximately 113,800 births were provisionally recorded in the country which was almost 2,800 fewer than in the period 2018-2021 and a decrease of 2.4%. Furthermore, the country has a huge number of individuals aged above 65 years owing to which the fertility rate of Belgium would decline during the coming years. This decline in fertility rate would have a significant negative impact on birth rates, which subsequently would reduce the demand for baby food products during the forecast period.

Belgium Baby Food Market: Key Players

Hain Celestial Group Inc.

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-Strategic Alliances or Partnerships

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-Financial Details

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Holle Baby Food GmbH

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

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-Others

Joannusmolen BV

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

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Zonnatura BV

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

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Get More Information On the Belgium Baby Food Market Report: https://www.marknteladvisors.com/research-library/belgium-baby-food-market.html

Belgium Baby Food Market Segmentation Outline:

By Food Category

-Milk Formula - Market Size & Forecast 2019-2030F, Thousand Tons

-Prepared Baby Food- Market Size & Forecast 2019-2030F, Thousand Tons

-Dried Baby Food - Market Size & Forecast 2019-2030F, Thousand Tons

-Other Baby Food - Market Size & Forecast 2019-2030F, Thousand Tons

By Type of Milk Formula

-Standard Milk Powdered Formula- Market Size & Forecast 2019-2030F, Thousand Tons

-Follow-on Milk Powdered Formula - Market Size & Forecast 2019-2030F, Thousand Tons

-Growing-up Milk Formula- Market Size & Forecast 2019-2030F, Thousand Tons

-Special Baby Milk Formula- Market Size & Forecast 2019-2030F, Thousand Tons

By Nature

-Inorganic Baby Food- Market Size & Forecast 2019-2030F, Thousand Tons

-Organic Baby Food- Market Size & Forecast 2019-2030F, Thousand Tons

By Age Group

-0-6 Months- Market Size & Forecast 2019-2030F, Thousand Tons

-6-12 Months- Market Size & Forecast 2019-2030F, Thousand Tons

-12+ Months- Market Size & Forecast 2019-2030F, Thousand Tons

By Distribution Channel

-Offline - Market Size & Forecast 2019-2030F, Thousand Tons

--Hypermarkets/ Supermarkets- Market Size & Forecast 2019-2030F, Thousand Tons

--Pharmacies & Drug Stores- Market Size & Forecast 2019-2030F, Thousand Tons

--Convenience Stores- Market Size & Forecast 2019-2030F, Thousand Tons

-Online- Market Size & Forecast 2019-2030F, Thousand Tons

By Region

-The Brussels Capital Region

-The Flemish Region

-The Walloon Region

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