China Baby Food Market to Continue Gaining Traction through 2022, Projects GlobalData in Its New Topical Report Available at MarketPublishers.com
26 Jul 2017 • by Natalie Aster
LONDON – Between 2010 and 2016, China’s baby food market increase by 23% in volume terms, but declined for the 1st time in recent year in 2016. Though the country’s baby food market is still underdeveloped, it was spurred by higher consumer spending power, rapidly expanding urbanization and rising number of working women.
During 2010-2016, the consumption increased in all sector of the Chinese baby food market except drinks. The greatest gains (appr. 79%) in terms of value were registered in the baby milks sector. Baby milks are predicted to continue leading the country’s baby food market in the coming years.
Whist the majority of milks products are now imported to China given strong consumer preference for imported products, the majority of cereals, meals and some other baby food products are produces domestically.
At present, China’s infant formula market is the global largest, well ahead of the US and the Western European market.
In the years ahead, the baby food sales in China are expected to gain traction boosted by favourable regulative norms, expansion of distribution and also rising incomes of the local population.
The Chinese baby food market is poised to increase by 26% in volume and 51% in value through 2022.
The new topical publication “The Baby Food Market in China 2017” elaborated by GlobalData gives deep unbiased insights into the country’s bay food market performance, trends and dynamics. It presents access to updated production, consumption and sales data; reviews the top companies active in the country’s baby food markets, discusses the major threats and market entry barriers. Besides, the research study contains detailed analyses of the major market sectors, highlights the recent developments and product launches, and provides an all-round future forecasts through 2022.
A full collection of the publisher’s research reports is at hand in the GlobalData catalogue.