Albany, NY -- (SBWIRE) -- 09/26/2014 -- According to a new market report published by Transparency Market Research " Australia Baby Food Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019", the market was valued at USD 11.16 billion in 2012, and is expected to reach USD 15.90 billion by 2019, growing at a CAGR of 5.2% from 2013 to 2019. Lack of adequate power infrastructure and increasing demand for reliable electricity delivery are the major driving forces of this market.
Browse the full Australia Baby Food Market Report:
This market research report notes that in 2011, the baby food and pediatric nutrition market in Australia reported a growth of 6.25% CAGR and the market worth was USD 285.5 million. This market faces maximum demand for superior quality organic baby food products. The expenditure on baby food products is likely to increase due to increasing median age of the parents’ population in Australia and greater financial soundness eventually.
This report suggests that there is an overall growing demand for baby food and pediatric nutrition products primarily because of the hectic and fast paced lifestyles of people which leaves them with limited time to look into the daily nutritional requirements of their infants. Also, due to issues pertaining to non-lactation and scarcity of time being faced by mothers worldwide, there is a rising demand for professionally prepared baby food. Developed countries like the US and the UK contribute significantly to the overall revenue generated by the baby food market. However, the demand for baby food and pediatric nutrition products is declining in these developed nations mainly because of decreasing birth rates and sluggish market conditions.
Furthermore, this report explains that the thickly populated countries like China and India are the main targets for the significant players in the global market. In Western Europe, out of the total share of all baby food and pediatric nutrition products, the largest share is that of Milk Formula and accounts for about 45% of the total share.
This report also states that in 2011, the total worth of the global baby food and pediatric nutrition market stood at USD 38,180.9 million 7.97% CAGR between 2007 and 2011. The market worth for the same in 2007 was USD 28,100 million. By the year 2017, the market worth of the baby food and pediatric nutrition market is estimated to reach USD 63,681 million from USD 41,521.7 million in 2012. In 2012, the largest share of revenue of 40.20% in this market was contributed by the Asia Pacific and the revenue generated was USD 16,692.5 million. During the period between 2012 and 2017, the baby food and pediatric nutrition market is estimated to grow at 12.55% CAGR generating revenue worth USD 30149.1 million by 2017.
This report studies Australia’s baby food and pediatric nutrition market on the basis of product, ingredients, the types, age group and nourishment.
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