Market Research Report
Asia-Pacific Baby Food Market - Growth, Trends and Forecasts (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||754940|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|Asia-Pacific Baby Food Market - Growth, Trends and Forecasts (2019 - 2024)|
|Published: June 1, 2019||Content info: 90 Pages||
Asia-Pacific baby food market is expected to register a CAGR of 8.05 %, during the period of 2019 to 2024.
Asia-Pacific baby food market is segmented by type, distribution channel, and region. The baby food market, by type, is segmented as milk formula, dried baby food, prepared baby food and among others. By distribution channels, the market is segmented into hypermarket/supermarkets, convenience stores, drug/pharmacies, and others.
Increasing Demand for Baby Food
The increasing population in the region is driving the Asia-Pacific baby food market. In 2017, Asia was the highest contributor to the world population with a share of 59.63%. Asia is also the home of the world's two major emerging economies such that China and India with considerable disposable income. Also, the Asia-Pacific baby food market is driven by the rising numbers of women working in Asian countries. Since many working mothers return to their jobs shortly after giving birth, prepared or ready-to-eat baby foods and formulas are providing an appealing alternative for working mothers, to provide their children with nutritious food.
Increasing Population in the Region is Driving the Asia-Pacific Baby Food Market
In the Asia-Pacific region, people are taking a lot of recommendations from their consultants and doctors regarding the type of baby food they should purchase. Therefore, the manufactures are improving on their value of ingredient in the product, to increase the word-of-mouth among the customers. Trusted brand names are most important in the developing market, where brands often provide an assurance of quality to consumers. Manufacturers are replacing undesirable ingredients like added bulk sugar, sodium and preservatives with healthier ingredients to match up the pace of the demand emerging from the region.
Companies are focusing on the expansion of facilities and product portfolio, due to the growing demand for baby food in the food industry. Some of the major players in thr Asia-Pacific baby food market are Nestle S.A., Abbott, Scientific Brain Nutraceutical Pvt. Ltd., Saipro Biotech Pvt. Ltd., Best India Food Processing Pvt Ltd, Danone, Nutrimed Healthcare, The a2 Milk Company, Bellamy's Organic, and Plum Organic, among others