The size of the Asia Pacific infant nutrition market is expected to be worth USD 9.02 billion in 2024 and grow at a CAGR of 9.65% from 2024 to 2029 to achieve USD 14.31 billion by 2029.This Market consists of different sets of products from different infant formulas to a range of foods for babies.
The most significant trends currently driving the Infant Nutrition Market is the dynamic and competitive environment in the Chinese market. Due to the size and rapid growth of this market, the changes in China are having profound ripple effects throughout the global Infant Nutrition Market which in turn is affecting the majority of global manufacturers. China’s large base and rapidly growing volume of consumers with increasing purchasing power is very attractive to multinational brands; however, the 2008 melamine infant formula issues still overshadow the market and has created an environment where consumers are concerned with the health and safety of infant formula. In turn, government regulations continue to rise. Although there is robust demand for Infant Nutrition in China, particularly imported brands perceived to be of higher quality compared to local brands, limitations on these statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
Major key Players in the Infant APAC Infant Nutrition Market are Mead Johnson Nutrition, Beingmate Baby & Child Food Co, The Kraft Heinz Company, Synutra International, Nestlé S.A., Meiji Holdings Co. Ltd, Pfizer Inc, Groupe Danone, and FrieslandCampina
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