World News

Baby formula market needs a shake-up as parents struggle to afford it

The baby formula market is not working for parents, according to the UK’s competition watchdog.

The industry, which is dominated by two companies, has passed costs down to parents who are often vulnerable and willing to pay more.

The watchdog has previously reported a 25% increase in prices over the past two years, with just three companies, Nestle, Kendal, and Danone, controlling 90% of the market.

Read more: https://news.sky.com/story/baby-formula-market-needs-shake-up-amid-price-concerns-says-watchdog-13250403

#skynews #babyformula #uk

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