The forecasted data for China's infant food stock from 2024 to 2028 indicates a steady increase, rising from 264.0 thousand metric tons in 2024 to 312.0 thousand metric tons in 2028. Compared to the actual value in 2023, the year-on-year growth from 2023 to 2024 is significant, marking a trend towards consistent annual growth in the industry.
Year-on-year variation:
- From 2024 to 2025: An increase of approximately 4.5%
- From 2025 to 2026: An increase of approximately 4.7%
- From 2026 to 2027: An increase of approximately 4.2%
- From 2027 to 2028: An increase of approximately 3.7%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be around 4.3%, indicating a robust upward trend in the infant food stock market in China over this period.
Future trends to watch for include:
- Impact of government policies on infant nutrition and food safety standards.
- Increasing consumer demand for organic and high-quality infant food products.
- Technological advancements in food production and packaging.
- Economic factors affecting consumer purchasing power and market demand.
