Mena Infant Milk Formula Market : Size, Trends, Analysis and Forecast to 2021
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- Date Submitted: 02/11/2016 11:38 PM
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MENA Infant Milk Formula Market - Market is anticipated
to exhibit remarkable growth over the forecast period 2015 - 2021
Persistence Market Research
MENA Infant Milk Formula Market Is
Expected To Be Valued At US$ 4,219.3 Mn by
2021 - Persistence Market Research
Persistence Market Research
1
MENA Infant Milk Formula Market - Market is anticipated
to exhibit remarkable growth over the forecast period 2015 - 2021
Persistence Market Research Released New Market Report “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
Currently, the infant milk formula market in the MENA region is mainly driven by factors such
as increasing number of working women and rising popularity of infant formula, coupled with
the rapid economic growth witnessed in the region. However, factors such as rising per unit
prices of infant formula and high volatile raw material prices, coupled with changing
consumer preferences towards local brands that manufacture cost effective products, are
some of the major factors expected to restrain the growth of the market during the forecast
period. The MENA infant milk formula market is anticipated to expand at a CAGR of 13.5% in
terms of revenue from 2015 to 2021, to account for US$ 4,219.3 Mn by 2021.
The infant milk formula market is segmented on the basis of the region into GCC, North
Africa and the Rest of Middle East.
The GCC market is expected to be the highest
contributor to the overall MENA market in terms of value share, followed by North Africa, by
2015 end. GCC is expected to be the fastest growing market over the forecast period (2015–
2021). The growth of the GCC infant milk formula market is primarily attributed to the high
presence of foreign...
to exhibit remarkable growth over the forecast period 2015 - 2021
Persistence Market Research
MENA Infant Milk Formula Market Is
Expected To Be Valued At US$ 4,219.3 Mn by
2021 - Persistence Market Research
Persistence Market Research
1
MENA Infant Milk Formula Market - Market is anticipated
to exhibit remarkable growth over the forecast period 2015 - 2021
Persistence Market Research Released New Market Report “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
Currently, the infant milk formula market in the MENA region is mainly driven by factors such
as increasing number of working women and rising popularity of infant formula, coupled with
the rapid economic growth witnessed in the region. However, factors such as rising per unit
prices of infant formula and high volatile raw material prices, coupled with changing
consumer preferences towards local brands that manufacture cost effective products, are
some of the major factors expected to restrain the growth of the market during the forecast
period. The MENA infant milk formula market is anticipated to expand at a CAGR of 13.5% in
terms of revenue from 2015 to 2021, to account for US$ 4,219.3 Mn by 2021.
The infant milk formula market is segmented on the basis of the region into GCC, North
Africa and the Rest of Middle East.
The GCC market is expected to be the highest
contributor to the overall MENA market in terms of value share, followed by North Africa, by
2015 end. GCC is expected to be the fastest growing market over the forecast period (2015–
2021). The growth of the GCC infant milk formula market is primarily attributed to the high
presence of foreign...