China's one-child policy replaced with a two-child policy in 2015; there was a registered peak of 17.5 million births the same year. This boom has significantly impacted the baby food industry, especially on standard milk formula intended for infants. According to China's National Bureau of Statistics, 30% of urban household expenditure are spent on children. In 2020, the rise in spending made China Baby Food & Drink Market worth US$ 30.1 Billion. Much of this spending concentrated on everyday baby feeding and food-related to the small children. According to our research report, China Baby Food Market will grow at a steady pace and will reach US$ 52.3 Billion by 2026.
Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/china-baby-food-market-p.php