Sales of Standard Milk Formula Market to Surpass US$ 23 Bn by 2027

Sales of Standard Milk Formula Market to Surpass US$ 23 Bn by 2027 The market for standard milk formula is likely to remain influenced by increasing demand for premium nutrition products for infants, backed by rising percentage of working women across the globe. Other macroeconomic aspects including a stable rise in the purchasing power parity coupled across nations with a substantial increase in birth rate, particularly among developing regions are expected to remain instrumental in driving sales of standard milk formula. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=1708 Fact.MR has presented an ocean of information on use of standard milk formula across various regions. The standard milk formula market report reveals that sales of standard milk formula are expected to cross US$ 15.5 Bn by end of 2019 and are likely to witness an upward march. The demand for standard milk formula is projected to expand at a stable rate of 4.7% throughout the period of assessment, 2018-2027. In addition to being a highly profitable and a large arena, the market for standard milk formula is largely concentrated in the hands of major multinational companies including but not limited to Nestle S.A., Mead Johnson, Danone and Abbott Nutrition. With strong presence across the globe, these companies have been focusing on emerging economies of the Asia Pacific, this move primarily driven by the growing market potential for standard milk formula in China and India. For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=1708 The report on standard milk formula market reveals that the sales of standard milk formula are likely to remain concentrated in Asia Pacific excluding Japan region, making it a potential revenue pocket for standard milk formula manufacturers. On the other hand, a tug-of-war between Europe and North America region is likely to prevail during 2018-2027 timeline, with the latter having slight advantage. The report also reveals that the demand for standard milk formula is projected to expand at a robust pace in Middle East and Africa region, albeit at a lower base. With a paradigm shift toward online channels, manufacturers of standard milk formula have been trying to expand their reach to cater tier 2 and suburban areas, in a bid to enhance their sales funnels. Moreover, various international standard milk formula manufacturers are collaborating with e-commerce platforms to introduce wide standard milk formula product range across regions. According to the report, sales of standard milk formula through online channels are projected to expand at a high rate crossing US$ 3.5 Bn by end of assessment period. Manufacturers of standard milk formula can leverage this opportunity to increase their consumer

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