While birth rates declining in developed markets, new and emerging markets such as India, Brazil and Middle East & African countries has opened up growth gates for baby food market. Enhanced participation of woman in work and fast paced lifestyle has enhanced the adoption of packaged baby food in these regions. Moreover, high competition and growing challenges is also pushing parents to look for high nutritional food for their babies to support their early stage growth. Status symbol also becoming one of the major causes for the adoption of packaged baby food in developing nations.
The world baby food and pediatric nutrition market is estimated to be worth USD 41,521.7 Million in 2012 and is forecasted to reach USD 63,681.0 Million in 2017. The segment is expected to reach 1,846.3 thousand tonnes in 2017 with a CAGR of 8.57% during 2012 - 2017.
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