Oct 07, 2019 (MarketersMedia via COMTEX) -- Asia Pacific Organic Baby Food Market Information by Product Type (Ready to Eat, Milk Formula, Dried Baby Food and others) Ingredients (Grains & Cereals, Dairy, Vegetables, Fruits, Meat), Distribution Channel (Store Based, Non-Store Based) Country Organic Baby Food Forecast to 2027
pune, India - October 7, 2019 /MarketersMedia/ --
Asia Pacific Organic Baby Food Market is defined as soft, and easily consumable food, other than breast milk or infant formula. Made from natural resources, organic baby food comes in the diverse formulation and multiple varieties as well as tastes. A new report on the Asia Pacific organic baby food market, published by Market Research Future (MRFR), guesses that this market can note surge at 11.87% CAGR during the forecast period (2027-2027). In terms of value, the market is to be worth USD 6.76 Bn by the end of the forecast period.
The primary market driving factor for the Asia Pacific organic baby food market growth are Changing lifestyles and evolving dietary pattern. Growing economies in the Asia Pacific region leading to the rising disposable income of the consumers and subsequently increasing purchasing power of consumers are also ensuring market growth in this region. Other Asia Pacific organic baby food market driving factors that can propel the market growth include demand for convenience food, an increasing number of working women who have less time to prepare food, rising middle-class population, and increasing awareness about organic baby food along with its advantages.
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Big players in the Asia Pacific Organic Baby Food Market are Abbott Laboratories (USA), Bellamy's Australia (Australia), Danone S.A. (France), Hain Celestial Group (USA), Hero Group (Switzerland), Kraft Heinz Foods Company (USA), and Nestle S.A. (Switzerland).
Latest Industry News
The Chinese organic baby food maker Mengniu Dairy has offered 1.5 billion Australian dollars (equal to USD 1 bn) to buy infant formula maker Bellamy's Australia. The deal has been signed, and the takeover can be announced in the near future. 16 SEP 2019
The Asia Pacific organic baby food market segmentation encompasses distribution channel, ingredients, and product type. MRFR's research on the market highlights many facets of the market in-depth.
Regarding the distribution channel, this market has been segmented into store-based distribution channel and non-store-based distribution channel. The store-based distribution channel has been sub-segmented into convenience stores, food specialist, hypermarkets, and others. Among two market segments, the store-based distribution channel segment holds a larger market share most people go to shops to buy products and all Asian countries do not have high internet penetration that is necessary for online shopping.
The ingredients-based segmentation of the market covers dairy, fruits, grains & cereals, meat, and vegetables. Based on product type, the market has been segmented into dried foods, milk formula, ready to eat, and others.
A geographical outlining of the Asia Pacific organic baby food market covers Australia, China, India, Indonesia, Japan, New Zealand, and Rest of the Asia Pacific.
China dominates the Asia Pacific market due to explosion of in the middle-class population, rising urbanization, and robust economic growth. During the forecast period, the market in China is expected to grow at 12.01% CAGR. Increasing birth rate, high density of population, and increasing awareness about organic food are the factors that are resulting in the rise in demand as well as the market for organic baby food.
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During the forecast period, India can become the fastest growing market due to the growing awareness of organic food among the consumer and increasing per capita disposable income. During the forecast period, the market in Indonesia can grow at 12.2% CAGR. Among the Association of Southeast Asian Nations (ASEAN) countries, the Indonesian market has the highest growth rate in the Asia Pacific region. Indonesia also has a higher population compared to other ASEAN countries. In China, India, and Indonesia, the untapped market exists due to high population, and the trend of organic baby food is new in these countries as awareness about the same has recently in these countries.
In Australia, the major factor of market growth is the growth of the infant population that is approximately 5.2% of the total population. Due to the increasing participation of women in the workforce, the demand for ready to eat baby food is increasing as working women have less time to prepare food for babies. Australia has developed the infrastructure and growth of online retail makes it easy to buy organic baby food.
Japan is an important market as 90% of the population is of middle-class people in this country. The purchasing power of consumers is high and availability of the internet, along with high education rate, subsequently creates awareness about organic food is making the market grow slowly but at a stable rate.
In New Zealand, the market is strong due to the popularity of milk and cereals. Most consumers prefer to buy baby food from local brands, and the purchasing power of consumers is high. Hence, the market does exist, and international brands can try to invest in this market.
In the Rest of Asia Pacific region, uncategorized countries of Asia Pacific regions have been included. Among these, ASEAN countries are the major chunk of markets. As mentioned earlier, Indonesia is the only ASEAN country that is an important market in this region. Among the remaining Asia Pacific countries, maximum market revenue comes from ASEAN countries that are Brunei, Cambodia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
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