BRIC Organic Baby Food Market is Growing at CAGR Of 18.2% During The Forecast Period 2020-2027
BRIC Organic Baby Food Market |
Organic Baby Food is made from certified organic raw materials and
contains no artificial additives. Organic food is grown without the use of
synthetic fertilisers or pesticides, and it is more nutritious than non-organic
food. Organic baby food is ready to eat and does not need to be prepared or
refrigerated. Furthermore, organic baby food has a longer shelf life and
reduces the risk of various diseases caused by pesticides and other
contaminants in foods. Organic baby foods limit exposure to potentially harmful
substances during a critical period in a baby's life. Furthermore, organic baby
foods contain significantly more antioxidants and vitamins than conventional or
non-organic baby foods.
Natural resources are easily
available in BRIC countries due to high cultivation of raw materials used to
produce organic products. According to the Coherent Market Insights analysis,
Brazil is one of the most prominent countries contributing to organic farming
in Asia Pacific, followed by China. As a result, increased cultivation of raw
materials used in the production of organic baby food is expected to boost
market growth.
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 a CAGR Of 18.2%
During The Forecast Period (2020-2027).
Increased trade in all sectors in
the BRIC region is expected to accelerate the growth of the organic baby food
market. This can be attributed to trade liberalization and increased
investment, which creates new opportunities for international trade. According
to Coherent Market Insights, China is heavily reliant on imported baby food
products, particularly milk formula. China dominated the BRIC organic baby food
market in 2019, accounting for approximately 59.0% of the total value.
Organic baby food products have a
short shelf life due to the lack of synthetic preservatives, resulting in
limited visibility in retail outlets. This is expected to slow market growth.
Furthermore, due to low visibility among consumers, there is a lack of brand
awareness of this product, resulting in lower profitability for international
vendors in BRIC countries, limiting the market growth of organic baby food.
E-commerce in Brazil has grown in
tandem with the increase in internet users. According to Coherent Market Insights
research, 50% of women in Brazil shop online. Furthermore, the growth of
e-commerce can be attributed to increased broadband access, as well as falling
computer and smartphone prices. This is expected to assist organic baby food
manufacturers in targeting potential consumers and providing them with products
at competitive prices.
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