Formula Milk Powder for Middle-aged and Elderly People Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 8.2 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030.
The global market for formula milk powder targeting middle-aged and elderly individuals was valued at approximately USD 3.2 billion in 2022. This segment is experiencing a steady growth trajectory, with a compound annual growth rate (CAGR) of 6.5% projected from 2023 to 2028. The growing awareness of nutritional needs specific to aging populations and the increasing prevalence of age-related health conditions are driving this expansion. The demand is particularly robust in developed regions where the aging demographic is more prominent, and there is a high emphasis on maintaining health through specialized nutritional products.
Opportunities in this market are expanding as advancements in nutritional science continue to enhance formula milk powder products, tailoring them to address specific health concerns such as bone density, muscle mass maintenance, and overall immunity. Emerging markets, particularly in Asia-Pacific and Latin America, are showing significant potential due to rising middle-aged and elderly populations and improving healthcare infrastructure. These regions are expected to witness accelerated growth in the coming years as awareness and accessibility to specialized nutritional products increase. The integration of fortified ingredients and personalized nutrition plans offers a lucrative avenue for market players to capture a larger share of the growing consumer base.
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Jatcorp Ltd (JAT)
Yeeper Diary
Yili
Nestlé
China Feihe
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Formula Milk Powder for Middle-aged and Elderly People Market
Online
Offline
Based on Types the Market is categorized into Below types that held the largest Formula Milk Powder for Middle-aged and Elderly People market share In 2023.
Milk Powder
Goat Milk Powder
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Formula Milk Powder for Middle-aged and Elderly People Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Formula Milk Powder for Middle-aged and Elderly People Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Formula Milk Powder for Middle-aged and Elderly People Market, By Type
6. Global Formula Milk Powder for Middle-aged and Elderly People Market, By Application
7. Global Formula Milk Powder for Middle-aged and Elderly People Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Formula Milk Powder for Middle-aged and Elderly People Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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