2014-02-07 11:13:01 - Baby Food Packaging in Hong Kong, China - a new market research report on companiesandmarkets.com
Improving disposable income encouraged parents to provide the best care and products for their children. Parents were more willing to invest in premium baby food which contain various functional benefits so that their child receives the best nutrition. Moreover, various food scares, including the melamine contamination scare at the end of the review period, pushed parents to spend on premium baby food as a means of ensuring product quality and safety.
Baby food packaging is projected to register a positive off-trade unit volume CAGR over the forecast period, albeit at a slower rate than the review period CAGR. This is due to the anticipated slowdown in the birth rate in the forecast period, as more people push back childbirth plans to
focus on their careers. Parents will continue to dote on their children, and they are likely to use improved disposable income to invest in premium baby food to enhance their baby´s wellbeing.
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