Browse the full Singapore Baby Food & Pediatric Nutrition Market Report:
http://www.transparencymarketresearch.com/singapore-baby-food-market.html
The report provides a deep insight about the baby food and pediatric nutrition market in Singapore and provides a holistic view of growth opportunities, challenges, and a forecast about market growth during the period 2007 to 2017.
The major factors estimated to drive Singapore’s baby food and pediatric nutrition market include the rise in disposable income of country’s population, small size of families and the rise in general awareness amongst parents about the essential elements of baby foods and its benefits in the early developmental stages of their children, of which many packaged foods are a good source.
Additionally, the economic recovery in recent years has led to a baby boom in the country. This has also resulted in a considerable rise in demand of baby foods in the country.
The report also mentions the significant growth this market has observed in the Asia Pacific region (Australasia not included) during the years 2007 to 2011. Looking at past figures, it can be clearly estimated that the market in Asia Pacific has potential of observing strong growth in the future as well. According to the report, the market in the overall Asia Pacific region observed a significant growth from USD 8.7 billion to USD 14.7 billion during 2007 and 2011, growing at a CAGR of 14.1% in the.
Volume-wise, the Asia Pacific baby foods and pediatric nutrition market is expected to observe demands worth around 1,846.3 thousand tonnes by 2017. This market observed growth at a CAGR of 10.6% during 2007 – 2011 to reach a market value of 1,118.8 thousand tonnes worth consumption in 2011. The report, however, estimates that the sales could reduce in subsequent years, allowing the market to grow at a CAGR of 8.6% during 2012 – 2017.
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The report segments Singapore’s baby food and pediatric nutrition market according to products and types of baby food prevalent in this market. Product-wise, the market baby food and pediatric nutrition market is segmented in varieties such as bottled foods, snacks, cereals, soups, and canned and frozen foods. Based on types of foods available in the market, the market is segmented as milk formulas, dried foods and prepared foods.
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