MENA Infant Milk Formula Market Is Expected To Be Valued At US$ 4,219.3 Mn by 2021
The MENA infant milk formula market is anticipated to grow from US$ 1,744.3 Mn in 2014 to US$ 4,219.3 Mn by 2021, expanding at a CAGR of 13.5% in terms of revenue during the forecast period (2015–2021). Rising popularity of the infant milk formula in the MENA region and increasing consumer awareness regarding the requirement of healthy nutrients for an infant are the factors anticipated to fuel growth of the infant milk formula segment over the forecast period. Rising number of working women and rapid economic development in the MENA are factors driving the overall growth of the infant milk formula market in the region currently.
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