The APAC baby food market research report states that the market of baby food was witnessed in an increasing stage wherein the market monitored an effective growth during the forecast period. However, during the 2016-2018, a decline in the growth rate was witnessed in the Philippines baby food market owing to the wide local inflation and scrawny worldwide expenditure, growing awareness among the parents to deliver their babies with the improved food options, increase in the internet retailing and other aspects.
Additionally, on the basis of Middle East Baby Food Market, the Saudi Arabia baby food market was monitored in an increasing stage wherein the market observed a volatile growth pattern during the forecasted period. In the recent past years, the market observed least growth in the terms of revenue mainly owing to the poor economic situations such as the unstable oil prices in the international market and policies accepted by the government to encourage the breast feeding in the corresponding years which generated a undesirable impression on the market. The foremost growth drivers involve growing food/household spending, growing awareness among the parents to deliver their babies with the healthier food choices, augment in the internet retailing and several other aspects. Based on the food category, the milk formula gained the mainstream of the market share in the Saudi Arabia in 2018, due to its substitution for the breastfeeding, and lower breast feeding ratio in the region.
Although, based on the Asia Baby Food Market Overview, majority of the baby food sales in the Philippines are created through the health and beauty high-quality retailers and supermarkets owing the wide predilection for the modern stories with the widespread brand and mixed variants. Remaining distribution channels involve the independent small grocers, internet retailing, hypermarkets and convenience stores which collectively attained the remaining market share in the recent years.
In addition, the APAC baby food market is foreseen to augment in the terms of revenue owing to increasing infant population and the proficient growth in total number of working females which will cooperatively augments the sales of baby food in the coming future. The market share of internet retail passage is anticipated to grow in the near years as Filipinos will begin choosing non-traditional channels of retailing in order to save time and money. The ultimatum for the organized baby food and several other baby food products are going to augment in the coming future due to the nutritionals management and nutritional / dietary requirements of the babies.
Not only has this, the potential players in the Global Baby Food Market are effectively investing the high amount of money for increasing the value of market share, leading the fastest market growth, generating the high amount of money, and implementing the policies of enlarging premises and delivering the better services. Furthermore, the Philippines baby food market during the recent year was majorly conquered by the inorganic baby food sector as it is extensively obtainable at a subordinate cost when compared with organically formed baby food. The increasing consciousness among the concerned parents to deliver healthier food to their babies has prearranged a boost to organic baby food sales in the nation. Therefore, in the near years, it is anticipated that the market of baby food across the globe will increase more significantly over the coming years.
For more information on the research report, refer to below link:
UAE Nutritional Supplements Market Outlook to 2023 - by Vitamins & Dietary Supplements (Protein Supplements, Non-Herbal Dietary Supplements Composites, Fish Oils/Omega Fatty Acids, Glucosamine, Co-Enzyme Q 10, Herbal Dietary Supplements Composites, Yeast, Garlic, Ginko Biloba), Functional Foods (Dairy, Baby Food, Breakfast Cereals, Cooking Oil Confectionary, Sweet Biscuits, Snack Bars and Fruit Snacks) and Functional Beverages (Energy Drink, FF Concentrates, Sports Drink, and Bottled Water)
Ankur Gupta, Head Marketing & Communications