In terms of revenue, Asia Pacific baby drinks market was valued at USD 10494.8 million in 2014. The market is expected to expand at a CAGR of 7.9% from 2015 to 2020 to account for USD 18291.6 million in 2020. In terms of volume, Asia Pacific baby drinks market was valued at 863.6 million units in 2014 and is anticipated to reach 1487.2 million units in 2020, expanding at a CAGR of 7.7% from 2015-2020.
Baby drinks comprises baby juice and infant formula. All baby drinks based on fruit ... Read more
Baby drinks comprises baby juice and infant formula. All baby drinks based on fruit juices that are designed for the consumption by children under three years are included under baby juices. Examples of baby juices are Gerber Ready-To-Drink Pear Juice and Heinz All Ages among others. Infant formula is a dried milk product that is formulated to duplicate the nutrient content of natural breast milk by rehydration with water. Infant formula drinks are most commonly based on cow milk or soy milk ... Read more
The market for baby drinks is mostly consolidated in some of the largest and most prominent country-wide markets in Asia Pacific, with Nestle S.A. accounting for a share of over 69% in India and over 43% in China in 2013, reports Transparency Market Research (TMR) in a recent report. The baby drinks market in Australia also features a markedly high level of consolidation and Heinz Co. accounted for a dominant share of over 64% in the same year.
