UK Watchdog Identifies Weak Competition in Baby Formula Market
CMA finds strict advertising rules and market concentration contribute to high prices for parents.
- Parents are paying more than necessary due to limited price competition in the baby formula market.
- Strict advertising regulations prevent manufacturers from promoting price reductions.
- The market is dominated by a few key players, reducing competitive pressures.
- CMA opts for regulatory reform recommendations over an in-depth investigation.
- Concerns raised about the impact on low-income families and infant health.