India and China Baby Food and Formula Market By Product (Infant Formula, Baby Cereals and Dried Baby Food, Prepared Baby Food, Others) - Growth, Share, Opportunities, Competitive Analysis and Forecasts 2016 - 2023

The rise in female participation in the overall workforce of India and China has led to increased demand for convenient baby care products that save time and fulfill the nutritional needs of infants. Women increasingly rely on brand-name baby care products to provide adequate care and nutrition to their children. Due to the substantial rise in the discretionary income of people in India and China, consumers are now willing to pay more for convenient and reliable baby care products. In addition, factors such as word-of-mouth marketing and attractive marketing are largely responsible for the adoption of baby food products in these countries. As a result, these factors are estimated to continue leading market growth in India and China in the coming years.

Another significant factor fueling the market growth is the steadily rising birth rate in the countries. The countries collectively contribute to more than one-third of the global population, making them the largest consumer goods markets. Although the birth rate in India and China has declined remarkably in recent years, the demand for baby care products is expected to remain steady in the coming years. The growth is expected in India, where the birth rate is higher than in China. However, China is estimated to remain the dominant market, in terms of revenue and penetration, for baby care products such as food and formula.

The report titled "India and China Baby Food and Formula Market- Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" offers strategic insights into the baby food and formula market, specific to these countries, along with the market size and estimates for the duration of 2014–2023. The said research study covers an in-depth analysis of multiple market segments based on product types and a cross-sectional study across countries. The study covers the comparative analysis of different segments for 2015 and 2023. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. Apart from this, the report provides a section focusing on analyzing consumer behavior in the countries.

To help strategic decision-makers, the report also includes competitive profiling of the leading baby food and formula product vendors, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Some of the major players profiled in the report are Nestle SA, Kraft Heinz Company, Danone SA, Hero Group, Bristol-Myers Squibb Company, Perrigo Company Plc., Mead Johnson & Company, LLC, and others.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the baby care products industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the India and China baby, food, and formula markets, offering market size and estimates for the period from 2016 to 2023, keeping in mind the factors mentioned above.

Over time, India and China have emerged with huge consumer bases. Ranging from electronic devices such as smartphones and laptops to baby care products, the two countries show immense potential. As a result, market players across different product categories have developed a special interest in India and China. With the rising economic growth and urbanization of the nations, the consumer goods market here is estimated to only grow stronger and more mature.

As of 2015, China dominates India and China baby food and formula markets. The nation contributes more than sixty percent of the total revenue. China has a strong penetration of baby food and formula products. With the further rise in urbanization and awareness regarding baby care, the adoption of baby care products is estimated to remain strong in China. In addition, due to the phasing out of China's "one child" policy, the country is projected to retain its dominant position in the market throughout the forecast period.

However, India is projected to register the highest growth in the market during the forecast period. Unlike China, the birth rate in India is still remarkable. Due to factors such as an increasing female workforce, rising disposable income, and urbanization, the demand for baby food and formula products is predicted to remain strong in the coming years. Subsequently, India would have the highest growth rate in the market during the forecast period.

Frequently Asked Question:

The market forIndia and China Baby Food and Formula Market is expected to reach USD$ XX Mn in 2023.

TheIndia and China Baby Food and Formula Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2016 -2023.

The base year of this report is 2015.

Nestle SA,Kraft Heinz Company,Danone SA, Hero Group, Bristol-Myers Squibb Company. are some of the major players in the global market.

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Published Date:  Jul 2016
Category:  Consumer Goods
Report ID:   58008
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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