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Historical Year
Forecast Year
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.
| Global Soy-Based Infant Formula Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | XX |
| Market Size 2032 | USD Billion | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.5% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 3.9% |
| CAGR 2024-2032 - Market by Country | Brazil | 4.1% |
| CAGR 2024-2032 - Market by Country | China | 3.8% |
| CAGR 2024-2032 - Market by Application | 12-36 months | 4.2% |
| Market Share by Country 2023 | India | 5.9% |
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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:
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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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.
| CAGR 2024-2032 - Market by | Country |
| Brazil | 4.1% |
| China | 3.8% |
| USA | 3.6% |
| UK | 3.1% |
| France | 2.8% |
| Canada | XX% |
| Germany | XX% |
| Italy | XX% |
| Japan | 2.7% |
| India | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Mexico | XX% |
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:
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.
| 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 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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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