NEW YORK, N.Y. (PRNewswire) — According to a new report published by Transparency Market Research, "Baby Food & Pediatric Nutrition Market: Global Analysis and Forecast (2007 - 2017)," Global Baby Food & Pediatric Nutrition Market is estimated to be USD 38.1 billion in 2011 and expected to reach USD 41.5 billion in 2012 and further to USD 63.7billion at a CAGR of 8.93% over the period 2012 to 2017. Milk Formula accounted for the largest share at 54%of packaged baby food market in 2011 and also was the fastest growing segment at 12.13% CAGR during 2007 - 2011. Baby cereals segment accounted for the largest share of Baby food & pediatric nutrition product market at 44.8% in 2011.
Globally as parents are increasingly becoming aware the nutritional requirement in their baby's food, they are rapidly turning towards more products that enhances the development of their babies throughout the early development stage. Parents with time constraints & concerned about their babies adequate nutrition and all round development are more demanding and also seek clear and timely communication about baby food products.
While birth rates declining in developed markets, new and emerging markets such as India, Brazil and Middle East & African countries has opened up growth gates for baby food market. Enhanced participation of woman in work and fast paced lifestyle has enhanced the adoption of packaged baby food in these regions. Moreover, high competition and growing challenges is also pushing parents to look for high nutritional food for their babies to support their early stage growth. Status symbol also becoming one of the major causes for the adoption of packaged baby food in developing nations.
The Global Baby Food & Pediatric Nutrition Market in 2011 is estimated be worth USD 38,180.9 Million growing with a CAGR of 7.97% during 2007 - 2011 from USD 28,100.0 Million in 2007. The Market is estimated to be worth USD 41,521.7 Million in 2012 and is forecasted to reach USD 63,681.0 Million in 2017.
Strong sales growth in the Bottled baby food and baby snacks products categories has supported the Asia Pacific baby food and pediatric nutrition market (Australasia not included) growth during 2007 - 2011. The market grew from USD 8.7 billion in 2007 to reach USD 14.7 billion in 2011 with a CAGR of 14.1% during 2007 - 2011.The Chinese and Indonesian markets grew with CAGRs of 22.1% and 15.2% respectively during the same period and generated revenues of USD 7.1 billion and USD 2.1 billion respectively in 2011.
The sales volume in Asia - Pacific (Australasia not included) market increased with a CAGR of 10.6% during 2007 - 2011 to reach a total of 1,118.8 thousand tonnes in 2011. However, the sales volume growth is expected reduce to 8.6% CAGR during 2012 - 2017 and overall baby food consumption is expected to be 1,846.3 thousand tonnes in 2017.
On the other hand the sales volume in Australasia market increased with a CAGR of 0.32% during 2007 - 2011 to reach a total of 22.7 thousand tonnes in 2011. However, the sales volume growth is expected increase by 0.93% CAGR during 2012 - 2017 and overall baby food consumption is expected to be 24.1 thousand tonnes in 2017.
The overall Eastern Europe baby food and pediatric nutrition market showed a steady growth during 2007 - 2011. The market grew from USD 1.7 billion in 2007 to reach USD 3.2 billion in 2011 with a CAGR of 17.3% during 2007 - 2011.Russia & Ukraine accounted for the fasted growth in the region at 24.02% and 19.43% respectively during the same period and generated respective revenue of USD 2, 015.6 million and USD 207.7 million in 2011. Theoverall Eastern Europe baby food and pediatric nutrition market is forecasted to grow form USD 3,580.0 million in 2012 to USD 6,550.8 million in 2017 with a CAGR of 12.85% during the same period.
Baby population aged 0-4 year in Latin America reached 52.7 million in 2010 that resulted in robust growth of the overall Latin America baby food and pediatric nutrition market during 2007 - 2011. The market grew with a CAGR of 17.3% during 2007 - 2011 to reach USD 2.1 billion in 2011from USD 1.3 billion in 2007.Brazil commanded for the largest share - i.e. 52.45% of Latin America Baby Food &Pediatric Nutrition Market at USD 692.1 million in 2007.
Middle East & Africa (MEA) is among one of the regions with highest percentage change in female labor participation rate at 27% during 1980 - 2010. Baby population aged 0-4 year in Middle East & Africa also reached 180.3 million in 2010 from 163.9 million in 2005. These two factors primarily hold the key for the strong growth of the overall Middle East & Africa baby food and pediatric nutrition market during 2007 - 2011. The market grew with a CAGR of 15.25% during 2007 - 2011 to reach USD 2,258.1 million in 2011from USD 1,280 million in 2007.
Ready baby meal (Prepared Baby Food) commanded the largest share - i.e. 77.51% - of North America Baby Food &Pediatric Nutrition Market at USD 5,993.4 million in 2007. The segment reached USD5,935.2 million in 2011 with a negative CAGR of 0.24% during 2007-2011. In product category, Bottled baby food accounted for 59.3% of the North America Baby Food &Pediatric Nutrition market at USD 4.7 billion in 2007 and reached USD 5.3 million in 2011 with a CAGR of 2.9% during 2007 - 2011.
Milk Formula is expected to account for the largest share - i.e. 44.48% - of Western Europe Baby Food & Pediatric Nutrition Market at USD 3,449.1 million in 2012. The segment is expected to reach USD 3,977.7 million in 2017 with a CAGR of 2.89% during 2012-2017. On the other hand, in product category, bottled baby food will hold the largest share of overall Western Europe BabyFood& Pediatric Nutrition Market at 5.7 billion in 2017 growing with a CAGR of 3.1% during 2012 - 2017.
Denone leads the Western Europe baby food and pediatric nutrition with about 31.9% market share in 2011 while Mead Johnson leads the North America baby food and pediatric nutrition with about 33.4%. However, Nestle leads the global baby food & pediatric nutrition market with 25.1% share in the same year.
