Published: Oct, 2014
China Baby Food & Pediatric Nutrition Market - Analysis & Forecast (2007 - 2017), the market intelligence research report published by Transparency Market Research provides a holistic view of the China Baby food and pediatric market along with an overview of the market in Asia Pacific.
Browse the full China Baby Food & Pediatric Nutrition Market: Analysis & Forecast (2007 - 2017) report at https://www.transparencymarketresearch.com/china-baby-food-market.html
According to the report, huge sales of a variety of products from the baby food and pediatric nutrition market in China have led to a considerable growth in the market, of nearly 122% during the years 2007 and 2011. This resulted in a remarkable growth in the market’s worth from USD 3.2 billion in 2007 to a staggering USD 7.1 billion in 2011.
China has observed a constant increase in consumer spending on baby foods and pediatric nutrition products, from 0.08% of the total GDP in 2009 to its 0.09% in 2010. The overall sales have also observed substantial growth in the past five years.
Packaged and readymade baby foods are in huge demand in China and have led to the growth of the overall Asia Pacific baby food and pediatric nutrition market in the past few years. The country has observed the launch of nearly 175 new baby food products in China alone in the past 12 month’s time.
The high demands from the country have helped the country acquire an important position in the global baby food and pediatric nutrition market. An increasing number of baby food and agri-food manufacturers are considering the country as their new businesses destination. Consequently, the imports of agri-foods have also increased considerably in China, by an estimated 42% between 2009 and 2010 making the market to achieve a market value worth USD 73.3 billion in 2010 from USD 51.5 billion in 2009.
According to the report, the baby food and pediatric nutrition market has also seen strong growth in the Asia Pacific region (Australasia not included) during the years 2007 to 2011. The market observed a collective growth from USD 8.7 billion to USD 14.7 billion during this timeframe, by observing growth at a CAGR of 14.1% in the overall Asia Pacific region. In China, the market observed growth at a CAGR of 22.1% during the same period to achieve a market value worth USD 7.1 billion by 2011.
Volume-wise, the Asia Pacific baby foods and pediatric nutrition market is expected to be around 1,846.3 thousand tons by 2017. This market observed growth at a CAGR of 10.6% during 2007 – 2011 to reach a market value of 1,118.8 thousand tons worth consumption in 2011. The report, however, estimates that the sales could reduce in subsequent years, allowing the market to grow at a CAGR of 8.6% during 2012 – 2017.
The report segments China’s baby food and pediatric nutrition market according to products and types of baby food prevalent in this market. Product-wise, the market baby food and pediatric nutrition market is segmented in varieties such as bottled foods, snacks, cereals, soups, and canned and frozen foods. Based on types of foods available in the market, the market is segmented as milk formulas, dried foods and prepared foods.
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