FOR IMMEDIATE RELEASEPressnews.biz (Press Release) Feb 9, 2014 -- The burgeoning 0-4 population coupled with increased contribution of women at workplace has made MENA a lucrative bet. The countries in MENA witness relatively high birth rates as compared to western countries which creates a substantial market for baby food products in the region. The baby food market is bifurcated on the basis of product categories which comprises of Milk formula, Dried Baby Food, Prepared Baby Food and Other Baby Food. Amongst the product categories, Infant formula drives the sales of entire baby food market in the region. Milk formula segment has dominated the baby food market in MENA region for several past years accounting for a ~% share in the overall revenues in 2012 which declined from a ~% in 2007. An increasing participation of women in the workplace in the emerging economies such as in Egypt, Algeria and Morocco has promoted an increasing shift towards infant milk formula. Dried baby food market is also expected to reach USD ~ million in 2017 with a CAGR of 9.1% during the period of 2012-2017. On the other hand, prepared baby food which is growing rapidly at a CAGR of 14.4% during 2007-2012 is estimated to garner revenues worth USD ~million in 2017. The other baby food is in its nascent stage and clocked revenues worth USD ~ million in 2012 with an annualized growth of 16.7% in 2012.
|Issued By||:||Ankur Gupta|
|Website||:||Market Research Report|
|Phone||:||01147017199, +91 9015378249|
|Business Address||:||109-110, NDM II, Netaji Subhash Place, Pitampura, New Delhi - 110034, India
|Categories||:||Agriculture, Food, Industry|
|Tags||:||MENA Baby Food Industry Research Report, MENA Baby Food Industry Size Report|
|Last Updated||:||Feb 9, 2014|
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