Baby Food and Formula Market 2017 : Focus on Industry, Growth, Size, Share, Dyna
Posted by akshayparmar on November 16th, 2017
Baby Food and Formula Market (Product – Infant Formula, Baby Cereals and Dried Baby Food, Prepared Baby Food, Others) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2017 - 2025, the India and China baby food and formula market in 2016 was valued more than US$ 4 Bn and is estimated to expand with a CAGR of 8.5% from 2017 to 2025.
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Developing economies have emerged as the most promising markets for various consumer goods in past few years. Amongst these, India and China are regarded as the markets with the largest size of consumer base. These countries have witnessed rapid urbanization coupled with strong economic growth since the past few years. People here are now more aware regarding healthcare (especially infant care) and brand-named convenient products. Thus, many international baby care product brands have focus on capturing the huge consumer base in the countries. The most significant factor fueling the baby food and formula products market is the rising discretionary income of the people along with the increasing healthcare awareness.
Steadily rising birth rate across India and China is another significant factor supporting the market growth. Although the overall birth rate per year is has decreased significantly since the past few years, the rate is estimated to remain steady in the coming years. India and China account for substantial share of the global population making the countries favorable for various consumer products. Over the period of time, India and China have emerged as the most promising markets for baby food, mainly due to their strong birth rate and rising expenditure over baby care products.
The India and China baby food and formula market is consolidated in nature with a few major international players contributing to more than fifty percent of the total regional market revenue. The market players primarily compete on the basis of their products, price and brand-name. Major point of focus in competition is product development for babies aging below six months and organic baby food. Another major area of focus is attractive packaging of their products. Attractive packaging plays crucial role in case of baby products as it largely helps driving the consumers.
• Organic baby food products for better health
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Joined: July 31st, 2017
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