摩根士丹利——中国食品：婴儿配方奶粉市场未来的增长潜力

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China – Full of Potential for Infant Formula Producers
26pages

- We analyze the implications of a potential relaxatio
of China’s one-child policy for the Infant Milk
Formula (IMF) industry and the key competitors.
- Even if there is no change at all to the policy, the
Chinese IMF market should grow at least in the low
teens for the foreseeable future.
- We model two alternative scenarios: only partial
relaxation or a two-children policy.
- Danone and Mead Johnson likely to focus on
organic growth, Nestle could be tempted to acquire
market share.

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关键词：摩根士丹利 配方奶粉 中国食品 Implications Alternative 中国 摩根 奶粉 配方 婴儿

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