Mena Infant Milk Formula Market : Size, Trends, Analysis and Forecast to 2021

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...