date:Oct 28, 2019
a high rate crossing $3.5 billion by the end of the assessment period.
Manufacturers of standard milk formula can leverage this opportunity to increase their consumer base on a broader level. However, modern trade is expected to remain an attractive channel in the current situation, says the report.
Packaging of standard milk formula using bottles and jars is likely to gain high traction in the forthcoming years, as they provide higher convenience in distribution and transportation.
However,