The growing up formula is a milk-based formula that is developed for children that are 1 year and above. The growing up formula is not used as a meal replacement but as extra nutrition to the infants as it contains various nutrients and minerals that help in improving the infant’s overall health. The availability of the growing up formula products is targeted towards specific age groups and the nutrition available in these products differs according to the same. The growing up formula is available in either powder form or in a ready-to-drink liquid form. The ready-to-drink formula is a recently launched product and is expected to have a high growth rate.
The growing up formula is either available in regular flavour or there are various different flavours available in the market. The organic growing up formula is also available in the market but the products are mostly available in North America and very less number of products are available. In the upcoming years, its demand will increase in the MEA and the Asia Pacific.
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Growing Up Formula Market to Gain Traction Owing to the Increasing Nutritional Requirements
There has been an increase in health awareness in recent years as consumers are improving their diet. The use of external nutritional products for this purpose is being used as the minimum requirement of nutrition is not accomplished by the daily diet intake. This has resulted in an increase in the popularity of such products. The growing up formula is targeted to give nutrition to the infants and children as a replacement to milk. Additional nutrients in it increase its overall market value. Brand promotional strategies and advertisements also have a very big role to play in the rising popularity of growing up formula market.
Growing Up Formula Market: Key Participants
The key participants in the growing up formula market are –
- Nestle S.A.
- Able Food Sdn Bhd
- Perrigo Nutritionals
- MS Nutrition Sdn Bhd
- Bodco Limited
- Novalac
- Almarai Co.
- Dana Dairy Group
- Danone S.A.
- Wyeth Holding Company Limited
- Triscom Holland B.V.
The report covers exhaustive analysis on:
- Growing Up Formula Market Segments
- Growing Up Formula Market Dynamics
- Growing Up Formula Market Size
- Growing Up Formula Supply and Demand
- Current Trends/Issues/Challenges pertaining to Growing Up Formula Market
- Competition Landscape and Emerging Market Participants in Growing Up Formula Market
- Technology related to Production/Processing of Growing Up Formula
- Value Chain Analysis of the Growing Up Formula Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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Growing Up Formula Market: Segmentation
The growing up formula market can be segmented on the basis of nature, flavour, product type and distribution channel.
On the basis of form, the growing up formula market can be segmented as –
- Powder
- Liquid
On the basis of nature, the growing up formula market can be segmented as –
- Organic
- Conventional
On the basis of flavour, the growing up formula market can be segmented as –
- Regular
- Flavoured
On the basis of age group, the growing up formula market can be segmented as –
- 1-3 years
- 3-6 years
- 6-8 years
On the basis of distribution channel, the growing up formula can be segmented as –
- Supermarkets/Hypermarkets
- Modern Grocery Stores
- Specialty Stores
- Online Retail
Report Highlights:
- Detailed overview of parent market
- Changing dynamics of the growing up formula market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the growing up formula market
- Competitive landscape of the growing up formula market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on growing up formula market performance
- Must-have information for growing up formula market players to sustain and enhance their market footprint
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