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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Soy-Based Infant Formula Market Size
The global soy-based infant formula market is expected to grow in the forecast period of 2024-2032 at a CAGR of 3.5%. The market is driven by the rising demand for organic infant formulas.
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Market Segmentation
The soy-based infant formula is a soy formula made using soy protein and other components to be fed to the infants. It is a supplement or replacement for human milk or cow milk formula.
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The soy-based infant formula market is segmented on the basis of applications into:
- 12-36 months
- 6-12 months
- 0-6 months
The EMR report looks into the regional soy-based infant formula markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The global soy-based infant formula market is driven by the rising demand for organic infant formulas, contributing to the market growth of the soy-based infant formula. The market is aided by the increasing parental concerns regarding the unhealthy chemical additives in store-bought baby foods, resulting in the rising demand for healthier alternatives that are free from chemical agents. Further, the organic baby foods like soy-based infant formulas have captured the attention of parents in recent years because of their health benefits and no side-effects, enhancing the soy-based infant formula market.
Competitive Landscape of Soy-Based Infant Formula Industry
The report presents a detailed analysis of the following key players in the global soy-based infant formula market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Abbott Laboratories
- Nestlé SA
- Reckitt Benckiser Group Plc
- Others
The EMR report gives an in-depth insight into the soy-based infant formula market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Soy-Based Infant Formula Market Report Snapshots
Soy-Based Infant Formula Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global soy-based infant formula market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
The industry is being driven by the rise in the number of working women, rise in the awareness among consumers about the brand name, safety and nutrition, increase in the disposable income, rise in the demand from emerging economies, and increase in the availability of breastmilk banks.
The key trends augmenting the market’s expansion are the increased parental concerns about the harmful chemical additions in store-bought infant meals and the rising demand for organic infant formulas.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The market is segmented on the basis of applications into 12-36 months, 6-12 months, and 0-6 months.
The major players in the industry are Abbott Laboratories, Nestlé SA, and Reckitt Benckiser Group Plc, among others.
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