Chile Baby Food Market Witnessed Growth during 2009-2015, Says Canadean in Its Topical Report Recently Added at MarketPublishers.com11 Oct 2016 • by Natalie Aster
LONDON – From 2009 till 2015, the baby food market in Chile has witnessed growth in terms of volume and value. Growth has been spurred by the generally upward trend in birth number (it increased by almost 13% since 2005) and also by economic developments in the country (Chile’s economy has performed well since 2010 in comparison with most countries in Latin America) during the major part of the period.
Chile can boast one of the more buoyant economies the South American region. The country’s prospects for the upcoming years are positive. Real GDP growth is predicted to be approximately 2-3% per year in this and the next year and nearly 3-4% per year during 2018-2021.
Since 2009, the baby food consumption in Chile has grown by over 17%.
The baby milks sector accounts for a share of over 60% of the total market value. Meantime, the cereals sector holds the lion’s share (around 40%) of the market in volume terms.
Nestlé remains the top player in the Chilean baby food market, accounting for a 79% volume share and a 69% value share in the past year. Aspen currently owns the Wyeth brands and holds consequently the second place in the market.
Topical report “Baby Food in Chile” elaborated by Canadean includes a detailed overview of the Chilean market for baby food. It contains updated industry statistics, offers a detailed analysis of the key market growth limiters, drivers, threats, challenges and opportunities. The report offers valuable historical insights, characterises the current scenario and discusses the future prospects. It includes a granular competitive landscape analysis and also profiles the top companies. In addition, the report provides future forecasts.
Many other in-demand topical research studies by the publisher are given in the Canadean’s catalogue.