The growing popularity of offline traditional stores is helping traditional suppliers/distributors to gain maximum revenue share in Canada market.
— Allied Market Research
PORTLAND, OR, US, June 26, 2023/EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Canada Baby Food Market by Product Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2019-2026″, The key players in the Canada baby food industry include Nestlé S.A., Danone, Plum, PBC, Hain Celestial, Diana Group, Mead Johnson & Company, LLC, Abbott, Loblaws Inc., Parent’s Choice Infant Formula, and Kraft Heinz Company.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 : https://www.alliedmarketresearch.com/request-sample/6070
The Canada baby food market size was valued at $1.3 billion in 2018 and is projected to reach $2.4 billion by 2026, growing at a CAGR of 7.60% from 2019 to 2026. The cereals segment accounted for approximately 47% of the total Canada baby food market share in 2018.
Surge in awareness for nutrition, rise in parental concerns, rapid urbanization coupled with a significant increase in the working women population and surge in government initiatives for infant care are the major drivers of the Canada baby food market. Nowadays, health awareness and health concerns are on the rise among Canadian parents. They are willing to buy expensive and high-quality baby food to improve the health and provide the right nutrition to their infants. Thus, rise in adoption of organic food and high consumer demand boost the growth of the Canada baby food market.
The rapid distribution of information coupled with the massive adoption of internet in Canada have propelled the use of e-commerce as a distribution channel. Ecommerce proves beneficial as it allows consumers to shop as per their convenience as well as enables price comparisons. Thus, it is used as a platform to boost the sales of baby food products. In addition, online technologies allow product differentiation and alleviate price competition, which is opportunistic for the Canada baby food market growth.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (116 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/checkout-final/d412795cca5042e94a30b0fe9e4197e6
Manufacturers utilize these media channels to create consumer awareness regarding their baby food product offerings and their consequent benefits to sustain the intense competition in the Canada baby food market. For instance, the company Plum Organics features real stories, comic videos, and shareable badges on their website as a means of advertisement. Thus, they can relate to the target consumers and thereby influence their buying decisions. These factors have fueled the growth in the Canada baby food sector.
𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐚𝐧𝐚𝐝𝐚 𝐁𝐚𝐛𝐲 𝐅𝐨𝐨𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 :
Based on type, the cereals segment accounts for the largest share in the baby food market analysis in 2019, however the dried baby food segment is expected to grow at the fastest CAGR of 9.5% during the forecast period.
Based on distribution channel, the offline store/retail store segment accounts for the larger Canada Baby Food Market demand in 2019, while the online segment is expected to experience growth at the fastest CAGR of 9.5% during the forecast period.
𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐎𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 : https://www.alliedmarketresearch.com/connect-to-analyst/6070
𝐁𝐫𝐨𝐰𝐬𝐞 𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
U.S. Baby Infant Formula Market – https://www.alliedmarketresearch.com/us-baby-infant-formula-market-A10849
Baby Drinks Market – https://www.alliedmarketresearch.com/baby-drinks-market
Infant Nutrition Market – https://www.alliedmarketresearch.com/infant-nutrition-market
Frozen Baby Food Market – https://www.alliedmarketresearch.com/frozen-baby-food-market
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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