Transparency
Market Research has published a new market study on the Asia
Pacific baby drinks market for the 2014-2020 period. According to
the report, the market, which had a valuation of US$10.4 bn in 2013,
is expected to attain a valuation of US$18.2 bn by 2020, increasing
at a CAGR of 7.90% for the period. The report, titled “Baby Drinks
Market - Asia Pacific Industry Analysis Size Share Growth Trend
Forecast 2014 - 2020,” is available for sale on the company
website.Typically, baby drinks are drinks that are consumed by
children below three years of age. In the baby drinks market in Asia
Pacific, baby juice and infant formula are the major products and are
further broken down into ready-to-drink and concentrated product
types.
The
report says that the Asia Pacific baby drinks market will display
substantial growth in the coming years due to several reasons. First
and foremost, the increasing number of women in the workforce is
driving sales of baby drinks, mainly infant formula. Women employees
require alternative arrangements to feed their children since they
can’t tend to them for long hours.
Infant
formula is largely available as dry milk in powder form, which, when
mixed with water, becomes liquid and can be fed to small children.
The basic component of infant formula is cow milk, which is further
treated to be suitable for babies. Ready-to-drink liquids, which are
sterile and sold in cartons, are the other form in which infant
formula is available in stores.
Request
a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4651
In
Asia Pacific, with the increasing purchasing power and large amounts
of disposable income of consumers, parents are tending to adopt easy
nutrition and nourishment means for babies, which include
ready-to-drink baby products. Other than this, in countries in Asia
Pacific such as China and India, the increasing birth rate will
foster the development of the baby drinks market in this region.
The
report segments the Asia Pacific baby drinks market on the basis of
product type into baby juice and infant formula. Between the two,
infant formula exhibits higher demand and the product segment
contributed 98.8% of the total revenue in the overall market in 2013.
The product segment had a valuation of US$10.3 bn in 2013 in the Asia
Pacific baby drinks market and it is expected to retain its lead
position throughout the forecast period.
The
report presents several reasons for the consistently rising demand
for infant formula. Infant formula is regarded to be the closest
alternative to breast milk, hence, it is strongly recommended by
physicians for its nutrient content. This is the prime reason for the
expected dominance of the infant formula segment in the baby drinks
market in the coming years.
On
the contrary, baby juice exhibits low demand due to limited
availability of the product in Asia Pacific. In addition, baby juice
is high in sugar, which makes it unsuitable for babies to be given on
a regular basis. This is impeding the demand for baby juice in the
Asia Pacific baby drinks market.
Some
top companies that operate in the Asia Pacific baby drinks market are
H.J. Heinz Company, Mead Johnson Nutrition Company, Danone, Nestle
S.A., and Beingmate Group Co. Ltd. Among others.
The
report segments the market as follows:
Asia
Pacific Baby Drinks Market: By Type
- Infant Formula
- Baby Juice
- Concentrated
- Ready to drink
Asia
Pacific Baby Drinks Market: By country
- China
- India
- Australia
- South Korea
- Japan
- Rest of Asia Pacific
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