The infant food market size volume in Macao has remained stable since 2015, maintaining a consistent value of 9.0 thousand metric tons annually from 2016 onwards. The only significant year-on-year variation occurred in 2015 with a 12.5% increase from the previous year. This stability is reflected in the Compound Annual Growth Rate (CAGR) which has been 0% since 2016.
The year 2023 continued this stable trend with a negligible 0% year-on-year variation. Forecasts for the next five years, up to 2028, project no change, reinforcing the anticipated consistency in the market volume.
Future Trends to Watch For:
- Population Demographics: Any significant changes in birth rates could affect market dynamics.
- Economic Conditions: Variations in disposable income levels may impact purchasing behaviors.
- Regulatory Environment: Policy changes regarding infant nutrition and food safety could influence market growth.