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According to a new report, Asia Pacific Baby Food Market, published by KBV Research, the Asia Pacific baby food market is expected to grow at a CAGR of 7.5%, during the period.The China market dominated the Asia Pacific Baby Food Market in 2015, and would reach a market size of $9166.2 million by 2022, growing at a CAGR of 5.2% during the forecast period. However, Japan market is expected to grow at CAGR of 9.2% during 2016-2022.
The Milk formula market contributed the larger revenue share to the Asia Pacific Baby Food Market in 2015, and would grow at a CAGR of 8.6% during the forecast period. The Dried baby food market is anticipated to growing at a CAGR of 8.3% during the forecast period.
The Super Markets market registered the highest share in the Asia Pacific Baby Food Market in 2015, and would reach a market size of $11,523.2 million by 2022. The Hyper Markets market is expected to attain a market size of $6,884 million by 2022. However, Small Grocery Retailers market is expected to grow at CAGR of 9.1% during 2016-2022.
The report highlights the adoption of Baby Food in Asia Pacific.Based on Product Type, the market is segmented into Dried baby food, Milk formula, Prepared baby food and Other Baby Food. Based on Distribution Channel, the Baby Food market is segmented into Super Markets, Hyper Markets, Small Grocery Retailers, Health and Beauty Retailers and Others.The countries included in the report are China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific.
Key Companies profiled in the report includes Nestle, Abbott Laboratories, Perrigo Company, Mead Johnson, Hero Group, Campbell, Bellamy's Australia and Frieslandcampina.
Full report :- https://www.kbvresearch.com/asia-pacific-baby-food-market/
The market is segmented based on Product Type, and Country.