If I am a milk powder producer and I produce only baby milk powders, I should be worried about my future maybe 50 years from now? There are definitely enough time to transform into producing milk powder for the seniors too. The number of new babies are declining throughout the world. There are many reasons but I think the biggest factor would be that people have so many distractions in the world today versus just going home early everyday and lights off by 930pm daily. People are working longer hours. Couples want more time for themselves. Cost of living is increasing especially the cost of raising kids. Travelling is also far easier when alone or as a couple versus as a family of 3 or 4.