Market Research Report
ASIA PACIFIC BABY FOOD & INFANT FORMULA MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||551032|
|Published||Content info||83 Pages
Delivery time: 1-2 business days
|ASIA PACIFIC BABY FOOD & INFANT FORMULA MARKET FORECAST 2018-2026|
|Published: February 25, 2018||Content info: 83 Pages||
The revenue generated by the Asia Pacific Baby Food & Infant Formula Market is expected to increase from $14.51 billion in 2017 to $26.41 billion by 2026, exhibiting a CAGR of 6.88% for the forecast period of 2018-2026.
The Asia Pacific is one of the major markets to watch out for during the forecast period. Accounting for the third highest revenue share in 2017, the market is expected to progress with a significant CAGR over the forecast period. The China baby food and infant formula market accounted for the highest revenue share in 2017. The Japanese baby food market is also exhibiting a positive growth, driven by strong performances from milk formula and prepared baby food. For the Indian market, a growth in the working female population, coupled with the increasing urbanization is expected to be the major driving force behind the market progression.
Companies like Baby Gourmet Foods Inc, Perrigo Company PLC Mead Johnson Nutrition Company, The Hain Celestial Group Inc, Abbott Nutrition, The Kraft Heinz Company, Danone SA, Nestle SA, Beech-Nut Nutrition Corporation, Hero Ag, Morinaga Milk Industry Co Ltd, and Gerber Products Company are involved in this market.