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Baby food and infant formula market in china outlook to 2016
1.
1 © This is
a licensed product of AM Mindpower Solutions and should not be copied
2.
TABLE OF CONTENTS 1.
China Baby Food and Infant Formula Industry 1.1. Market Size Consumer Spending on Baby food and Infant formula industry 1.2. Industry Segments 1.2.1. Infant Formula Milk Demand 1.2.2. Baby Food Demand 1.2.2.1. Baby Food Industry Segmentation Baby Cereals Demand Bottled Baby Food 2. Future Outlook 3. SWOT Analysis 4. Industry Opportunities and Growth Drivers 4.1. Infants on Mother Feed 4.2. Child Birth Rate and Baby Population 4.3. Opportunities for New Players 4.4. Opportunities for Domestic Players 4.5. Disposable Income and Urbanization 4.6. Growing Middle Class and Working Women population 5. Country Analysis and Industry Insights 5.1. Key Findings 5.2. Political Environment and Government Regulations 5.3. Macro-economic Indicators 5.3.1. GDP Recovery and Growth 5.3.2. Import/Export 5.3.3. Population and Literacy Rate 6. Industry Players and Competition 2 © This is a licensed product of AM Mindpower Solutions and should not be copied
3.
Multinational Producers 7.
Appendix 7.1. Market Definition 7.2. Abbreviations 7.3. Research Methodology Data Collection Methods Approach Multi Factor Based Sensitivity Model (SPSS Analysis) Final Conclusion 7.4. Disclaimer 3 © This is a licensed product of AM Mindpower Solutions and should not be copied
4.
LIST OF FIGURES Figure
1: Distributor’s Share in China Baby Food Market in 2011 Figure 2: Baby Food and Infant Formula Demand by Volume (2006-2011) Figure 3: Baby Food and Infant Formula Demand by Value (2006-2011) Figure 4: Segmentation of Baby Food and Infant Formula Market by Type in %, 2011 Figure 5: Infant Formula Demand by Volume (2006-2011) Figure 6: Infant Formula Milk Demand by Value (2006-2011) Figure 7: Baby Food Retail Sales by Value (2006-2011) Figure 8: Baby Food Market Segmentation by Type in 2011 (%) Figure 9: Baby Cereal Retail Sales by Value (2006-2011) Figure 10: Bottled baby food Demand by Value (2006-2011) Figure 11: China Baby Food and Infant Formula Market Forecast by Value (2011-2016F) Figure 12: Baby Food Demand Forecast by Value (2011-2016F) Figure 13: Infant Formula Demand Forecast by Value (2011-2016F) Figure 14: China Birth Rate of 1000 population in % (2006-2011) Figure 15: Baby Population in China (Age 0-4 years), 1995-2050 Figure 16: Import of Milk Powder in China by Volume (2006-2010) Figure 17: China Urban per Capita Disposable Income (2003-2010) Figure 18: China Gross Domestic Product (2003-2011) Figure 19: China Population (2003-2011) Figure 21: Market Share of Players in China Baby food and Infant Formula Market, 2011 Figure 22: Market Share of Players in China Baby Food and Infant Formula Milk Market, 2011 4 © This is a licensed product of AM Mindpower Solutions and should not be copied
5.
LIST OF TABLES Table
1: Baby Food Market Segmentation by Product Category in 2011 Table 2: Baby Milk Consumption Table 3: Import of Milk Powder in China by value (2006-2010) Table 4: Comparison of Foreign Milk Power and Domestic Milk Powder on the Basis of Retail Price (2010&2011) Table 5: Country Overview Table 6: China Economy (2010-2012) Table 7: Import & Export Statistics (Jan to May 2011) Table 8: Domestic Players Business and Financials Table 9: Correlation Matrix of the China Baby Food and Baby Formula Market Table 10: Regression Coefficients Output 5 © This is a licensed product of AM Mindpower Solutions and should not be copied
6.
EXECUTIVE SUMMARY A comprehensive
study on “China Baby Food and Infant Formula Market Research Report Outlook to 2016” discusses infant formula production and consumption trends and sub- segments of baby food market such as dried baby food, ready-to-eat baby food and juices. It also gives an overview of industry distributors and their share in terms of percentage. Many domestic and international players have a strong presence in the market, of which we have highlighted leading players along with their market share. Industry trends and opportunities help to analyse further scope in the market and SWOT analysis may help present and prospective companies to form strategies accordingly. China is the second largest baby food and infant formula market in the world and largest in Asia, which constitute of baby food such as- Dry baby food (cereals, bottled baby food), ready-to-eat baby food (canned baby food and snacks for one year and above babies) and baby juices; and infant formula milk segment. Domestic infant formula market had undergone a period of major transition from high demand for milk powder in the domestic as well as in international markets to sudden fall in retail sales from 2008 to 2010. The domestic milk formula market is facing many challenges from foreign brands and had witnessed a continuous fall in demand in recent past. A continuous rise in consumer spending on China baby food and infant formula industry has been observed, led by surging working women population, rising per capita disposable income and entry of foreign players. Infant formula milk powder, cereals and bottled baby food constitute the major percentage of the total industry demand. Rising number of working mothers has a big role in surging demand for formula milk. Baby formula demand is expected to grow at a steady rate due to low birth rate in the country. The driving factor for this segment will be growing number of foreign workers. Falling birth rate has become a concern for the government which is low from the US and even from developing countries such as India. In coming years, it may cause a demographic problem and may affect baby food and baby goods industry. Key Findings In terms of retail sales by volume, baby food and baby formula milk market had crossed 400 (‘000) tones mark and reached 422 (‘000) tones in 2010 from 385 (‘000) tones in the previous year. The China baby food and infant formula milk market retail sales by value was recorded at USD 3,281 million in 2007 whereas in 2009, the segment grew by 20.44%, comparatively lower than previous year results. By 2016, industry is 6 © This is a licensed product of AM Mindpower Solutions and should not be copied
7.
expected to record
revenue of USD ~ million to grow at 16.57% CAGR in the next five years. Consumer spending on baby food was recorded 0.12% of GDP in 2011 compared to 0.10% in the previous year. In China, infant formula has recorded usual growth in volume sales of 14.08% in 2011 relative to the growth of 14.09% and 15.97% in 2010 and 2009 respectively. Baby food is a rapidly expanding segment which accounted for 30.05% market share in baby food and baby formula market Baby food market grew by 18.27% CAGR in last five years to USD ~ million in 2011. Revenues generated from baby food products is expected to reach USD ~ million at CAGR 20.43% from 2012-2016. Dried baby food market dominates the Chinese baby food industry driven by rising cereals demand which account for 89.62% of the total dried baby food market. Baby cereals market is growing at a constant rate year on year from USD 782.10 million in 2007 to USD ~ million in 2011 at a CAGR 18.40%. Bottled baby food account for only 8.61% of the total baby food (excluding milk formula) market in value terms. 7 © This is a licensed product of AM Mindpower Solutions and should not be copied
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