January 05, 2012
Wellesley, Mass. – According to a new technical market research report, GLOBAL MARKETS FOR BABY FOODS (FOD046A) from BCC Research (www.bccresearch.com), the global market for baby foods was valued at more than $27.1 billion in 2010 and $28.2 billion in 2011. It is expected to increase to $35.2 billion in 2016 for a five-year compound annual growth rate (CAGR) of 4.5%.
The baby food market can be broken down into four regions: North America, Europe, Asia-Pacific, and a region that comprises the rest of the world.
The North American region accounted for $10.2 billion in 2011 and will increase to nearly $10.9 billion in 2016 for a CAGR of 1.3% over the five-year period.
The European region had revenues of nearly $8.8 billion in 2011 and is expected to reach nearly $9.6 billion in 2016, yielding a CAGR of 1.8%.
The Asia-Pacific region, worth $5.9 billion in 2011, should be worth $10.1 billion in 2016, a CAGR of 11.3%.
The rest of the world accounted for $3.3 billion in 2011 and, after increasing at a CAGR of 6.8% over five years, revenue in the region should surpass $4.6 billion in 2016.
In recent years, there has been a steady and significant increase in consumer demand for baby food. Parents look to commercial baby food to help them manage time. The growing number of working mothers has served to boost the demand for convenience products in the baby food category.
This industry is primed for growth. Due to an increase in the number of women in the workplace, in addition to growing parental concerns about nutrition and modern-day time constraints, baby food instant solutions such as infant formula and baby meals have become even more significant in meeting the current nutritional demands of infants and toddlers globally. A growing overall concern for infant and toddler health in addition to time constraints have enabled many new baby food companies to originate globally. These companies are striving to meet the current and potential future demand of providing quality baby food products worldwide.
This report is intended for manufacturers and suppliers that deal with the business of baby food and beverages, healthcare professionals, and pediatric clinics. Other readers who should find the report valuable include companies, institutions, and researchers working within the baby food market, including retailers, technologists, specialized pediatric service providers, universities, students, journalists, parents of toddlers and infants, working mothers, and other concerned individuals and groups.
In addition to FOD046A, BCC has published FOD049A, FOD050A, FOD051A, and FOD052A. These reports cover baby food markets with focuses, respectively, on North America, Europe, Asia-Pacific, and emerging markets.
Global Markets for Baby Foods( FOD046A )
Publish Date: Jan 2012
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