In 2018, the rising milk industry is expected to increase at a 5.9% compound annual growth rate (CAGR) over 2017.
The Asia-Pacific and Middle East and Africa markets account for over 60% of the revenue in the growing up milk market. Despite of the declining birth rates in developed nations, a rapidly surging number of working women has hugely contributed to the recent rise in demand for nutritional supplements and growing up milk products. Parents are majorly relying on growing up milk products to meet the nutritional needs of toddlers to ensure that they grow strong. To attract a larger consumer base, manufacturers in the growing up milk market are fortifying growing up milk products with minerals, vitamins, and prebiotics that can enhance toddlers’ nutritional intake and improve their immunity
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The readability score of the Growing Up Milk Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Growing Up Milk market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Growing Up Milk along with key stakeholders as well as emerging players associated with the manufacturing of product.
Competitive landscape
The report enlists leading stakeholders in the growing up milk market and provides useful information about important developments in the winning strategies of leading players in the growing up milk market.
This section in the Fact.MR study aids readers to fathom the most recent developments in the growing up milk market with the help of insightful information about the leading manufacturers and other stakeholders in the market.
Market players featured in the report include Nestlé SA, Danone, Abbott Laboratries, Kraft Heinz Co, Mead Johnson Nutrition Co., Meiji Holdings Co. Ltd., FrieslandCampina N.V, Hain Celestial, Hero group, and DePaul Industries.
Nestlé SA, a leading food & beverage company, recently announced its global initiative – ‘Nestlé for Healthier Kids’ to make over 50 million children healthier by 2030.
To be in line with the initiative, Nestlé is reformulating its product portfolio to enhance foods and beverages for children, including growing up milk products (Nido organic milk powder), with micronutrients.
The leading player in the growing up milk market also announced that the company reached over 14 million children worldwide with the help of more than 300 partnerships and collaborations, in 2017. With the launch of more nutritious and healthy products in the growing up milk category through this social initiative, Nestlé is aiming to establish even stronger position in the growing up milk market in the upcoming years.
Another leading player in the growing up milk market – Danone announced to have launched a €300 million social bond to focus on the positive social impacts of the company’s operations.
With the launch of this bond, the company is aiming to create a sustainable value for all stakeholders, including communities, consumers, as well as employees.
The leading manufacturer of growing up milk product is also a part of the NaturALL Bottle Alliance, which is a research consortium formed to promote the use of renewable and 100% sustainable packaging materials. This is likely to make the company one of the socially-responsible players in the growing up milk market in the upcoming years.
Mead Johnson Nutrition Company (MJN), another leading player in the growing up milk market, recently announced its merger with a British consumer goods company – Reckitt Benckiser Group plc. (RB). The company announced that its growing up milk product brands Nutramigen© and Enfa™ will be added to the consumer health product portfolio of RB.
Segmentation:
In order to provide detailed information about the growing up milk market in the most comprehensible manner, the Fact.MR report divides the growing up milk market into its five broad sub-segments – source, form, packaging form, sales channels, and regions.
- By Source
- Plant-based
- Animal-based growing up milk products.
- By Form
- Solid
- Liquid growing up milk products.
- By Packaging Form
- Aseptic cartons
- Bottles & tetra packs
- Pouches & sachets
- By Sales Channel
- Departmental stores
- Modern trade channels
- Specialty stores
- Drug stores
- Convenience stores
- Online sales channels.
- By Regions
- North America
- Latin America
- Europe
- Japan
- Asia Pacific region Excluding Japan
- Middle East & Africa (MEA).
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How will be insights and market estimations provided in the Fact.MR report on the Demand of Growing Up Milk make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Growing Up Milk Market
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
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