Hong Kong Baby Food Industry Discussed in Comprehensive ERC Study Published at MarketPublishers.com11 May 2015 • by Natalie Aster
LONDON – In the Hong Kong baby food market, milks represent the dominant sector, grabbing just under 92.5% of the overall market value as of 2013. In terms of volume, milk category takes the lead, capturing just below 91.5% of the total.
Due to a sharp hike in the number of births in 2014, the domestic baby food market returned to growth path, with consumption levels surging by 9.5% to only a small extent, below the 2012 level and 30.5% higher compared to 2008.
The domestic consumption of infant formula is expected to grow by 5.5% through to 2017; however, from then onward it is expected to start declining, falling back by 2020-end, a decrease of 8.3% as against 2014. Meantime, the value of infant formula consumption is projected to hold up better, growing by 17% through to 2017 and witness stable growth moving forward.
Abbott Laboratories Limited, Mead Johnson, Danone, Wyeth (Hong Kong) Holding Company Limited, Friesland Campina (Hong Kong) Limited, Heinz Hong Kong Limited, and Nestlé Hong Kong Limited are amid the key players in the marketplace.
Comprehensive market study “Baby Food in Hong Kong 2015” created by ERC provides an extensive analysis and forecast of the baby food sector performance in Hong Kong during 2008-2014 and up to 2020, granting unrivalled access to highly detailed consumption data by specific product category.
The research publication provides an up-close look at the key developments and trends in the marketplace, canvasses main factors shaping the market development, outlines the dynamics between different baby food types resulting from the changing attitudes of consumers, and also discusses the associated safety concerns. Data on the market size (volume and value), growth, market shares, and a segmentation analysis are available. The report sheds light the competitive scenario, profiles the companies involved in the domestic baby food industry and those who are just mulling over coming into the market. It describes the regulative landscape, reviews the main retailing and distribution issues, and covers the local baby food production & demand and foreign trade dynamics.
Baby Food in Hong Kong 2015
Published: April, 2015
Price: US$ 3,275.00
More reports by the publisher can be found at ERC page.