Demand for infant formula

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Infant Formula Market Projected to Reach CAGR of 10 michael kors outlet

Demand for infant formula is expected to reach US$ 24.5 billion in 2016, a growth of 9.3% from 2015. While the market in North America and Western Europe will grow at 5.9% and 7.1% respectively, growth will be strong in developing regions, with APEJ and MEA growing at 11.8% and 10.1% in 2016. cheap authentic jordans

Increasing participation of women in the workforce will continue to positively influence the market. Availability of baby formula with natural or organic ingredients are offering women the opportunity of returning to their jobs without compromising on their desires of providing healthy and nutritious foods to their babies. polo ralph lauren outlet

By product type, starting milk formula will remain the most attractive segment, growing by 9.7% in 2016 to reach US$ 11,632.2 Mn in revenues. While birth rates continue to decline globally, the number of births remains high in developing countries, which will continue to offer growth opportunities to manufacturers catering to this segment. real jordans

Sales will remain strong through pharmacies, with this distribution segment accounting for 75.8% revenue share of the market in 2016, up from 75.7% in 2015. China will continue to dominate the APEJ infant formula market, accounting for nearly 90% revenue share of the market in 2016. Developing countries in APEJ will be key to volume sales of infant formula, whereas US, Canada, and Western Europe will continue to contribute to value sales. Ltd, Beingmate Baby Child Food Co. Ltd., Synutra International, Inc., Pfizer Inc., FrieslandCampina are some of the market leaders identified across the value chain in the global infant formula market landscape. michael kors outlet