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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.
Soy-Based Infant Formula Market Size
Soy-Based Infant Formula Market Analysis
Soy-Based Infant Formula Companies
*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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