04.02.12
According to a new report published by Transparency Market Research, the global baby food and pediatric nutrition market is estimated to be $38 billion in 2011 and expected to reach $41.5 billion in 2012, further reaching nearly $64.7 billion at a CAGR of nearly 9% over the period 2012 to 2017. Milk formula accounted for the largest share of packaged baby food in 2011 at 54% and also was the fastest growing segment at 12% CAGR during 2007-2011, according to the report titled “Baby Food & Pediatric Nutrition Market: Global Analysis and Forecast (2007-2017).” The baby cereals segment accounted for the largest share of the baby food and pediatric nutrition product market at nearly 45% in 2011. For further information: www.transparencymarketresearch.com
