Growth Predicted for Growing Up Milk Market, COVID-19 Pandemic puts Existing Projections in Jeopardy – KDMI Report

KD Market Insights has published a report on global Growing Up Milk market research report. The report offers valuable market insights drivers which would aid the industry leaders to develop and line up their market strategies supported by reliable and accurate data. According to KD Market Insights report, the global Growing Up Milk market is expected to grow at a CAGR of 17.4%% during the forecast period i.e. 2020-2024. The market was held to USD XX.X Million in 2019 and is projected to reach to a valuation of USD 52,150.9 Million by 2024. The report covers a detailed chapter on market segmentation of Growing Up Milk market covering market segments by source, form, sales channel and packaging type.

The report offers an exhaustive analysis of the market trends, opportunities, growth areas and industry drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Undernutrition of babies has been a serious concern across the globe, and milk formulas are being used to tackle these issues for many decades. Growing up milk formula is a more than 20 billion industry and is poised to grow at an unprecedented rate in coming years owing to its nutritional benefits among toddlers. Parents across the globe are increasingly opting for breast milk substitutes such as cow milk, formulas, and others.

Growth Drivers – Growing-up Milk Market

Balanced Nourishment of Young Children’s

According to the European Food Safety Authority (EFSA), follow-up formulas and growing-up milk are one of the several means to increase intakes of critical nutrients in young children, along with the contribution from other sources, such as fortified cow’s milk, fortified cereals, and cereal-based foods. Further, increase in intakes of critical nutrients can help the market to grow at a significant rate in the near future. In many Asian countries, children are given cereals or starchy roots & tubers as a basis for gruels, which have a low-energy-density and micronutrient content. Also, the Asian toddlers switch towards the table foods and eventually share family meals, which is low in iron & zinc-rich foods and can cause perpetuate micronutrient deficiencies. Due to which the growing-up milk along with additional nutrients, vitamins, and minerals is the best option for infants. Further, growing awareness regarding growing-up milk products is expected to drive the growth of the market in such regions.

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Market Segmentation:

By Source:

– Plant-Based Milk

– Animal-Based Milk

By Form:

– Powder

– Liquid

By Sales Channel:

– Departmental Stores

– Modern Trade Channels

– Specialty Stores

– Drug Stores

– Convenience Stores

– Online Sales

– Other Sales Channels

By Packaging Type:

– Aseptic Cartons

– Bottles

– Pouches & Sachets

– Cans

– Others

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This research report studied the Growing Up Milk market to forecast the revenues and analyze the trends in 5 regions i.e. North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This chapter of the report presents a comparison between emerging regions and developed regions to highlight the key factors and industry trends impacting the overall Growing Up Milk market. Country analysis is also covered for various major economies across various regions:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
  • Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

This study evaluates and categorizes the key vendors in the Growing Up Milk market. The key companies published in the report include among others, Nestle SA, Danone SA, Abbott Laboratories, Mead Johnson & Company, Kraft Heinz Corporation, The Hain Celestial Group, Inc., Töpfer GmbH, Meiji Holdings Corporation, Royal FrieslandCampina N.V., Hero Group and others key players.

The competitive strategic window analyses the competitive landscape in terms of the market share and company profiles of major vendors. This section provides company’s metrics such as business strategy and performance such as financials, sales breakup by segment and by geography, SWOT Analysis, company snapshot, business strategy, key product offerings, marketing and distribution strategies, recent news & development and other market activities.

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