Published: Oct, 2014
In its latest market research report published recently, Transparency Market Research, a U.S.-based market intelligence firm states that the egypt baby foods market is estimated to grow at a CAGR of 6.7% during the period of 2012-2017. The report, titled “Egypt Baby Food Market: Analysis & Forecast (2007 - 2017),” is available for sale on the company’s website.
Browse the full Egypt Baby Food Market: Analysis & Forecast (2007 - 2017) report at https://www.transparencymarketresearch.com/egypt-baby-food-market.html?
The report states that with consistent growth over the years, Infant Formula dominates the baby food market in Egypt. Egypt has a significant population base with the middle class population emerging as a major segment and as a result, the role of women is also increasing. The contribution of Infant Formula is likely to increase in the years to come.
Product wise the baby food market is divided into five main categories – baby snacks, bottled baby food, baby cereals, baby soups and frozen and canned foods.
Category wise this market is divided into four main types – Milk formula, dried baby food, prepared baby food and other baby food.
According to the TMR report, several markets in Egypt have got affected including the baby foods market due to political agitation. Other than the milk formula, significant demand is generated even for the dried baby food section. However, the demand for other and prepared baby food is not as high and significant. The demand for prepared baby food has also been gaining momentum for several years and a lot of women are opting for jarred infant food for their babies.
This report notes that the other baby food category is yet to gain the desired popularity and the introduction of this segment of baby food is due to western influence in Egypt. Pureed baby food is also gaining importance due to demanding and hectic work patterns of parents in Egypt.
According to the report, the Global Baby Food and Pediatric Nutrition Markets were growing at 7.97% CAGR between 2007 and 2011. And the market value is likely to reach USD 63681 million by 2017.
This market research report discusses that the global demand for baby food has been on the rise due to greater awareness amongst the people about infant nutritional requirements. Due to paucity of time, parents seek to get complete information about the overall nutritional needs of their infants and they want to give the best quality products to the babies. With birth rates slumping in developed nations, developing nations like Brazil, India and Middle East and African countries are opening up their respective markets for baby food products mainly because of a typical fast paced lifestyle and a significant portion of working women’s population that is also growing. This has led to higher demand for packaged baby foods. Interestingly, another factor contributing to higher demand for packaged baby food is that of status symbol.
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