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Asia-Pacific Baby Food Market - Growth, Trends and Forecasts (2019 - 2024)

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  • 90 Pages
  • June 2019
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 4703954
Market Overview

Asia-Pacific baby food market is expected to register a CAGR of 8.05 %, during the period of 2019 to 2024.
  • With the increase in women workforce and hectic lifestyle, many working mothers are in search for healthy and convenient food options for their infants. Additionally, the increasing number of working women prompted the rise in per capita income of families, which is expected to increase the demand for baby food and infant formula.
  • The Asia-Pacific baby food market witnessed a shift from conventional to organic products, owing to factors, such as rise in parental concerns over baby's nutrition, increase in awareness with respect to the benefits associated with organic products, and eco-friendly farming techniques. Furthermore, these factors are expected to boost the demand for organic baby food products.

Scope of the Report

Asia-Pacific baby food market is segmented by type, distribution channel, and region. The baby food market, by type, is segmented as milk formula, dried baby food, prepared baby food and among others. By distribution channels, the market is segmented into hypermarket/supermarkets, convenience stores, drug/pharmacies, and others.

Key Market Trends

Increasing Demand for Baby Food

The increasing population in the region is driving the Asia-Pacific baby food market. In 2017, Asia was the highest contributor to the world population with a share of 59.63%. Asia is also the home of the world’s two major emerging economies such that China and India with considerable disposable income. Also, the Asia-Pacific baby food market is driven by the rising numbers of women working in Asian countries. Since many working mothers return to their jobs shortly after giving birth, prepared or ready-to-eat baby foods and formulas are providing an appealing alternative for working mothers, to provide their children with nutritious food.

Increasing Population in the Region is Driving the Asia-Pacific Baby Food Market

In the Asia-Pacific region, people are taking a lot of recommendations from their consultants and doctors regarding the type of baby food they should purchase. Therefore, the manufactures are improving on their value of ingredient in the product, to increase the word-of-mouth among the customers. Trusted brand names are most important in the developing market, where brands often provide an assurance of quality to consumers. Manufacturers are replacing undesirable ingredients like added bulk sugar, sodium and preservatives with healthier ingredients to match up the pace of the demand emerging from the region.

Competitive Landscape

Companies are focusing on the expansion of facilities and product portfolio, due to the growing demand for baby food in the food industry. Some of the major players in thr Asia-Pacific baby food market are Nestle S.A., Abbott, Scientific Brain Nutraceutical Pvt. Ltd., Saipro Biotech Pvt. Ltd., Best India Food Processing Pvt Ltd, Danone, Nutrimed Healthcare, The a2 Milk Company, Bellamy's Organic, and Plum Organic, among others

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
3.1 Market Overview
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Type
5.1.1 Milk Formula
5.1.2 Dried Baby Food
5.1.3 Prepared Baby Food
5.1.4 Others
5.2 By Distribution Channel
5.2.1 Hypermarket/Supermarket
5.2.2 Drugstores/Pharmacies
5.2.3 Convenience Stores
5.2.4 Others
5.3 Geography
5.3.1 Asia-Pacific India China Japan Australia Rest of Asia-Pacific
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Nestle S.A.
6.4.2 Abbott
6.4.3 Scientific Brain Nutraceutical Pvt. Ltd.
6.4.4 Saipro Biotech Pvt. Ltd.
6.4.5 Best India Food Processing Pvt Ltd
6.4.6 Danone
6.4.7 Nutrimed Healthcare
6.4.8 Bellamy's Organic
6.4.9 Plum Organic

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Nestle S.A.
  • Abbott
  • Scientific Brain Nutraceutical Pvt. Ltd.
  • Saipro Biotech Pvt. Ltd.
  • Best India Food Processing Pvt Ltd
  • Danone
  • Nutrimed Healthcare
  • Bellamy's Organic
  • Plum Organic