According to a new
market report published by Transparency Market Research “ BabyDrinks Market - Asia Pacific Industry Analysis, Size, Share, Growth,Trends and Forecast, 2014 - 2020,” Asia Pacific Baby Drinks market
was valued at USD 10,494.8 million in 2013, at a CAGR of 7.9% from
2014 to 2020 to account for USD 18,291.6 million in 2020.The Baby
Drinks market is mainly driven by the change in lifestyle and rise in
the number of working women class. India among all the Asia Pacific
countries has experienced high growth in the forecast period followed
by Australia and China. Trend shows that baby juice is in decline
across Asia Pacific and consumers prefer infant formula due to busy
lifestyles. Increase in the number of working women and increase in
birth rate are the main drivers responsible for the growth of baby
drinks market in Asia Pacific.
The Asia Pacific
Baby Drinks market is segmented by product type into infant formula
and baby juice. The market for infant formula is comparatively larger
as compared to the baby juice market. Demand for infant formula is
expected to remain high in the coming years as it is the best
substitute for breast milk. Doctors also recommend infant formula due
to its high nutrition content. Therefore, this segment is expected to
dominate the Baby Drinks market throughout the forecast period of
2014 to 2020. The demand for Baby Drinks has augmented largely due to
the increasing awareness about its usefulness. Infant formula held
the highest market revenue accounting for USD 10,371.5 million in
2013 and is expected to remain so throughout the forecast period.
Browse
the full Baby Drinks Market Report @ :
nfant formula
accounted for 98.8% revenue share in the overall Baby Drinks market
in 2013. The Asia Pacific baby juice market by type is sub
categorized into – concentrated and ready to drink. The demand for
ready to drink baby juice is high because of busy lifestyles of
parents and increasing preference of consumers towards ready to drink
products. Ready to drink baby juice is expected to grow at a CAGR of
9.8% over the forecast period from 2014 to 2020.Geographically, China
led the Baby Drinks market in 2014 in terms of revenue and the
country is expected to continue its dominance throughout the forecast
period. Baby boom, abolition of one child policy and increase in
demand for standard infant formula are mainly driving the baby drinks
market in China. Infant formula segment leads the baby drinks market
as infant formula products have become an accepted choice as breast
milk substitute. India and Australia followed China in the Asia
Pacific Baby Drinks market to collectively account for more than
fifty percent of the Asia Pacific market revenue share.
Browse
the full Baby Drinks Market Press Release @ :
The report provides
distribution channel analysis and company market share analysis of
the various industry participants in Asia Pacific which includes
Japan, Australia, China, India, South Korea and rest of Asia Pacific.
In addition, the report also covers the baby drinks types in Asia
Pacific. Key players have also been profiled on the basis of company
overview, financial overview, business strategies and recent
developments in the field of Baby Drinks market. Major market
participants profiled in this report are Nestle S.A., H.J. Heinz
Company, Mead Johnson Nutrition Company, Danone and Beingmate Group
Co. Ltd.
Asia Pacific Baby
Drinks Market: By Type
- Infant Formula
- Baby Juice
- Concentrated
- Ready to drink
The report
provides a cross-sectional analysis of all the above segments with
respect to the following countries:
Asia Pacific Baby
Drinks Market: By country
- China
- India
- Australia
- South Korea
- Japan
- Rest of Asia Pacific
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Free Sample Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=4651
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