18 August 2019

Rapid growth seen in baby formula market, paper says

China’s baby formula market is expected to grow into an industry worth hundreds of billions of yuan in the three years to 2016, China Securities Journal reported Wednesday, citing Ryan Zhou, director of China Client Service Retail Measurement unit under Nielsen. The market will grow at a compound annual growth rate of nearly 14 percent, Zhou said. In 2013, sales amounted to 60 billion yuan (US$9.69 billion) with domestic producers grabbing 46 percent of the market, the report said.

– Contact HKEJ at [email protected]



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