High prices of baby formula remain a concern in the UK, with prices averaging £11.99 per tin.
High prices of baby formula remain a concern in the UK, with prices averaging £11.99 per tin.
The CMA launched an investigation into the market in 2023 to address concerns about high prices and profit margins.
The CMA launched an investigation into the market in 2023 to address concerns about high prices and profit margins.
The government has delayed its response to the CMA's proposed remedies, stating that "families should not be paying over the odds to feed their babies."
The government has delayed its response to the CMA's proposed remedies, stating that "families should not be paying over the odds to feed their babies."
Most brands have not changed their prices over the past year, despite the CMA's efforts.
Most brands have not changed their prices over the past year, despite the CMA's efforts.
The exceptions are two supermarket own-label products, Lidl and Aldi, which offer formula at £6.99.
The exceptions are two supermarket own-label products, Lidl and Aldi, which offer formula at £6.99.
The CMA's investigation found that manufacturers raised prices by 25% in two years and managed to increase profit margins during the cost of living crisis.
The CMA's investigation found that manufacturers raised prices by 25% in two years and managed to increase profit margins during the cost of living crisis.
The three largest companies, Danone, Nestlé, and Kendal, account for at least 90% of sales in the market.
The three largest companies, Danone, Nestlé, and Kendal, account for at least 90% of sales in the market.
The First Steps Nutrition Trust campaign group has expressed concern about the high prices of baby formula, stating that "despite being exposed for maintaining 50-75% profit margins, the big brands are maintaining high prices, which we think is shameful."
The First Steps Nutrition Trust campaign group has expressed concern about the high prices of baby formula, stating that "despite being exposed for maintaining 50-75% profit margins, the big brands are maintaining high prices, which we think is shameful."
The government is working closely with devolved governments to consider the CMA's recommendations and will respond fully in due course.
The government is working closely with devolved governments to consider the CMA's recommendations and will respond fully in due course.
The issue of high baby formula prices is a complex one, involving multiple stakeholders and competing interests.
The issue of high baby formula prices is a complex one, involving multiple stakeholders and competing interests.