Increasing Breastfeeding Prevalence will Cause an Aversion to Growing Up Milk

Posted by Preet on February 17th, 2020

Global Growing Up Milk Market - A Report by Fact.MR

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global growing up milk market. The growing up milk market report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the growing up milk market report elaborates the market behavior of each vendor operating in the growing up milk market.

According to a recent study published by Fact.MR, the growing up milk market will envisage an impressive 5.9% volume y-o-y growth in 2018 over 2017. The study reveals that the growing needs of the ‘new-age’ parents to find a convenient way of meeting nutritional requirements of their toddlers is mainly providing a fillip to the growth of the growing up milk market. The study also finds new avenues of growth for growing up milk manufacturers in developing countries in the Asia Pacific and the Middle East & African region.

The growing up milk market report considers the following years to present the overall market growth:

• History Year: 2013 - 2017
• Base Year: 2013
• Estimated Year: 2027
• Forecast Year: 2018 – 2027

Key findings of the growing up milk market study:

• Regional breakdown of the growing up milk market based on predefined taxonomy.
• Innovative manufacturing processes implemented by growing up milk market vendors in detail.
• Region-wise and country-wise fragmentation of the growing up milk market to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global growing up milk market.

Asia-Pacific and MEA Markets Hold a Revenue Share of around 60% in Growing Up Milk Market

The study reveals that Asia-Pacific and the Middle East & Africa are the most lucrative regional markets for growing up milk, and the trend is likely to continue to remain preeminent in the upcoming years. According to Fact.MR, high fertility rates and low mortality rates in developing countries create a positive environment for growth of growing up milk market in these regions.

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The fertility rate in the Asia-Pacific has been relatively higher in the past few years. After the Chinese government dropped the one-child policy, the birth rate in China has increased back up again by 7.9% to reach 17.86 million during 2014-2015, according to the National Health and Family Planning Commission (NHFPC). Consumers are becoming more aware of the importance of child nutrition, which in combination with rising birth rate is creating a higher growth potential for growing up milk market players in the region.

On the basis of source, the growing up milk market study consists of:

• Plant Based
• Animal Based

On the basis of packaging, the growing up milk market study incorporates:

• Aseptic Cartons
• Bottles & Tetra Packs
• Pouches & Sachets
• Cans

On the basis of region, the growing up milk market study contains:

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Key players analyzed in the growing up milk market study:

• Nestle SA
• Danone
• Abbott Laboratries
• Kraft Heinz Co
• Mead Johnson Nutrition Co
• Meiji Holdings Co. Ltd.
• FrieslandCampina N.V
• Hain Celestial
• Hero group
• DePaul Industries

Consumers Choose Animal-based Growing Up Milk Over its Plant-based Variants

According to the Fact.MR study, animal-based growing up milk products account for a whopping 82% revenue share in the growing up milk market. Despite the growing popularity of plant-based dairy products among adult consumers, the Fact.MR study finds that consumers still trust animal-based growing up milk for their young children or toddlers.

According to a joint statement by Dietitians of Canada (DC), a national professional association for dietitians, and the Canadian Paediatric Society, a national association of pediatricians, plant-based alternatives of growing up milk must not be considered as the primary source of nutrition for toddlers. A majority of governing bodies and healthcare organizations recommend cow-milk or other alternatives of animal-based growing up milk products for toddlers.

Nevertheless, the number of vegan consumers has increased significantly across the world, which can influence the purchasing decisions of consumers in the growing up milk market in the coming future. Thereby, manufacturers and distributors in the growing up milk market are closely observing the changing preferences of modern parents to modify salient business strategies in the upcoming years.

Queries addressed in the growing up milk market report:

• Why are the growing up milk market players targeting region for increased product sales?
• What patented technologies are the players utilizing in the global growing up milk market?
• Which regions are displaying the fastest growth in the growing up milk market?
• What are the underlying micro- macroeconomic factors affecting the global growing up milk market?

Why choose Fact.MR?

Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients’ requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.