Albany, NY -- (SBWIRE) -- 09/26/2014 -- According to a new market report published by Transparency Market Research " Japan Baby Food & Pediatric Nutrition 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 Japan Baby Food & Pediatric Nutrition Market Report:
This recent TMR report provides an overview of the overall market sector covering all the information on baby food and pediatric nutrition in Japan. The Japan baby food & pediatric nutrition market report analyses the market trends of the global market and provides the forecast to 2017. The report consists of methods of examining live birth rates, economic crisis in Japan, breastfeeding trends, changing attitudes and lifestyle, new baby food product packaging developments, and other safety concerns affecting the market for baby cereals, milks, meals, finger foods, and baby drinks.
Japan has witnessed a constant decline in the demand of baby food due to the decreasing birth rate over the past few years. Against such a backdrop of a continuing drop in the number of births, the retail sales are not likely to rise up or show any type of overall growth, albeit the rise in current price occurs to be 5% for the given forecast. Due to the faster adoption of single serving products in terms of unit price, an overall reduction in value is expected as compensation.
A number of underlying factors are responsible behind the trend of declining figures most of which include, the economic slump seen in the past decade in Japan, women marrying at a later age, non-child-friendly employment policies, and fluctuating lifestyles have been slowing down the growth of baby food in the global market. In addition, the phenomenon of men and women aged 20 to 35 living a parental life despite being employed also affect the growth of this market. Such individuals postpone their marriage and contribute little to the household activities.
Nevertheless, the growth in demand of toddler baby food products, particularly the single serving products has engaged strong compensation to the volume decline to a certain extent. The consumption volume is expected to decrease in the given forecast. The overall value of the declination is limited to USD 20 million over the period 2011 to 2007. As parents worldwide are becoming aware of the nutritional requirements and healthy baby food products needed in their baby’s food, they are increasingly opting for enhanced products that benefit their babies throughout the infant development stage. Many parents have time limitations and high concerns about their baby’s nutrition and development which in turn encourages the Japan baby food & pediatric market to cater challenging and customer satisfactory baby food retail products including bottled baby food, canned baby food, baby snacks, and baby cereal.
According to this study report, the global baby food & pediatric nutrition market in 2011 is estimated be worth USD 38,180.9 million growing with a CAGR of 7.97% during 2007 – 2011 from USD 28,100.0 million in 2007. The market is further predicted to reach USD 41,521.7 million in 2012 and is forecasted to reach USD 63,681.0 million in 2017.
Geographically, Asia Pacific is predicted to lead the market with its largest share of revenue. Asia-Pacific is a constitution of many other countries including, China, Japan, Indonesia, Thailand, Philippines, Vietnam, Malaysia, India, Taiwan, South Korea, and Singapore. However, Asia-Pacific is accounted for 40.20% of the global baby food & pediatric nutrition market revenue valued at USD 16,692.5 million in 2012. The Japan baby food & pediatric nutrition market is further expected to reach a value of USD 30,149.1 million in 2017 growing at a CAGR of 12.55% during 2012 – 2017, and is expected to account for largest share of volume 37.82% at 1,223.9 thousand tonnes in 2012. By 2017, the segment will reach 1,846.3 thousand tonnes with a CAGR of 8.57% during 2012 – 2017.
Among the key market players, Meiji Holdings Co Ltd leads the Japanese baby food and pediatric nutrition market share in excess of 30%.