Sprout Organic Newsletter: Our Global expansion plans 🌏

Published by Sprout Organic on August 7th, 2023 10:50pm. 4 views.

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Hi ,

As you know we’re currently crowdfunding to expand our business globally, so it makes sense that one of our most frequent questions is:

What are your international expansion plans?

To answer this question, we conducted a study with the help of Aus Trade, the Infant Nutrition Council, and Euromonitor, to form a completely objective view on which markets hold the greatest potential for our products.

We assessed birth rates, infant formula market sizes, forecast growth rates, tariffs, incomes, and even our own ecommerce data per country.

Applying all of this data into a weighting system, we identified 15 high-potential markets, with the top 3 highlighted as:

1) The U.S.

2) China

3) Saudi Arabia

Our global demand

Right now, we have customers from over 52 countries purchasing our formula because there is nothing else like it on the market!

These families are paying hundreds of dollars in shipping with our products having to come all the way from Australia, so it’s our top priority to change this and make our products more affordable and accessible.

But in order to do this, we need capital to gain regulatory approvals and build up our inventory, which is exactly why we’re doing this raise!

That being said, our team isn’t one to sit still and wait for resources, so we’ve also been pushing opportunities from within our networks as far as we can so that when we do have the resources, we’re ready to hit go!

We love hearing from you and answering your questions, so please keep them coming!

Thank you so much to everyone that has shown us support and registered their interest to invest. If you haven't already done so, please register below.