According to the latest market report published by Persistence Market Research, titled “Middle East and North Africa (MENA) Market Study on Infant Milk Formula: Driven By Increasing Consumer Awareness of Healthy Nutrients,” the mena infant milk formula market is estimated to be valued at US$ 1,976.3 Mn by the end of 2015 and is anticipated to expand at a CAGR of 13.5% from 2015 to 2021, to account for US$ 4,219.3 Mn by 2021.
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FACTS AT A GLANCE
Companies: Groupe Danone, Aspen Pharmacare Holdings Limited, Almarai, Nestlé S.A., Behdashtkar, Lacto Misr, Nutridar Company Plc, Ausnutria Hyproca B.V., Saudi Centre Group, Abbott Laboratories, RIRI Baby Food Co.
Coverage: All major geographies and key segments
Segments: Mena Infant Milk Formula Market Segmented By Starting milk formula, Follow-on milk formula, Toddlers milk formula Product in Specialty store, Supermarkets, Online retail
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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Infant milk formula is used for feeding infants under 12 months. Infant milk contains necessary nutrients, such as casein and lactose, which are necessary for the superior growth of the infant. The MENA infant milk formula market is anticipated to exhibit remarkable growth over the forecast period, owing to the growing nutritional concerns in case of infants. The rise in the number of working women is the major factor driving the growth of the MENA infant milk formula market currently. Factor such as the rapid economic development and increasing disposable income of the consumers in the MENA region are also propelling the growth of the infant milk formula market in the region.
To understand and assess the opportunities in this market, the report is categorically split into three sections, namely market analysis, by product, distribution channel, and region. The report analyzes the MENA infant milk formula market in terms of market value (US$ Mn).
In the same section, PMR covers the MENA infant milk formula market performance in terms of revenue and consumption. This section includes PMR’s analysis of the key trends, drivers, and restraints from the supply and demand perspective. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.
The next section of the report analyzes the market on the basis of application type and presents the market size in terms of value over the forecast period (2015–2021).
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