Summary
China Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027
Summary
“China Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027” is an analytical report which provides extensive and highly detailed current and future market trends in the Indian market.
The number of live births in China declined by 33.4% during 2010-2021, to reach 10.6 million in 2021. This resulted in a baby population of 39.4 million in 2021. However, both the crude birth rate, and total fertility rates, have fallen. The GDP of China grew by 7.8% in 2021 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 1%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 4.2% during 2015-2021. However, in volume terms, sales declined in 2021, with the sector registering a CAGR of 0.9%. Baby milks remained by far the largest category in value terms with over 90% of the baby food sector, followed by baby cereals & dry meals. Nestlé and Feihe International were the top two companies in 2021. Nestlé retained the top spot in value during 2015-2021 and remained the leader in all the categories. E-retailers remained the leading distribution channel, accounting for nearly 31% of overall value sales in 2021. The analyst estimates that the number of live births will decrease over the forecast period in China. However, the market for baby food in the country is expected to grow in value and volume terms during 2021-2027, registering CAGR of 7.2% and 2.5%, respectively.
What else does this report offer?
- Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
- Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
- Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
- Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
- Future projections considering various trends which are likely to affect the industry.
Scope
- The value of China’s baby milks category grew from CNY76.3 billion ($12,244.1 million) in 2015 to CNY98.2 billion ($14,290.9 million) in 2021, registering a CAGR of 4.3%. In 2021, the baby milks category accounted for the highest value share of the overall baby food sector, at 92.2%.
- In volume terms, the baby cereals & dry meals category fell slightly from 29.29 million kg in 2015 to 26.83 million kg in 2021, contracting at a negative CAGR of 1.5%.
- The value of the China’s baby wet meals & other category rose from CNY2,415.1 million ($387.8 million) in 2015 to CNY3,012.9 million ($438.4 million) in 2021, registering a CAGR of 3.8%.
- Per capita consumption of baby finger food grew by 45.4% during 2015-2021, to reach 0.07kg in 2021.
- Per capita expenditure on baby drinks declined by 68.8% in current price terms, and by 72.3% in constant price terms, during 2015-2021.
Reasons to Buy
- Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
- Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
- Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
- Investigates which categories are performing the best and how this is changing market dynamics.
