Soy Based Infant Formula Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Form (Powder, Liquid, Semi-Liquid), By Type (Low Fat Soy-based Infant Formula, Whole-Fat Soy-based Infant Formula), By Distribution Channel (Online, Offline), By Region & Competition, 2019-2029F

Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 285.8 Million

CAGR (2024-2029)

4.3%

Fastest Growing Segment

Online

Largest Market

Asia Pacific

Market Size (2029)

USD 367.9 Million

Market Overview

The global soy based infant formula market was valued at USD 285.8 Million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.3% through 2029. The market is primarily driven by the increasing number of births and mothers with low breast milk production. Various factors such as the availability of organic options, the rise in working mothers, and the convenience of soy-based formulas contribute to market growth. However, concerns about soy allergies among infants pose a challenge for market expansion. Various types of soy-based formulas are available, serving as substitutes for breast milk or cow milk for infants. Soy formulas are recommended for infants with specific conditions like galactosemia or lactose intolerance. Product offerings include growing-up milk, standard infant formula, follow-on formula, and specialty formula. Risks associated with soy allergies in infants could hinder market growth, despite the availability of organic and chemical-free options. The market landscape includes major players like Nestlé, DANONE, Abbott, and others, each contributing to the growth and development of the industry.

Market Drivers

Growing Prevalence of Lactose Intolerance and Cow's Milk Protein Allergy

One of the primary drivers of the soy-based infant formula market is the increasing prevalence of lactose intolerance and cow's milk protein allergy among infants. Lactose intolerance, characterized by the inability to digest lactose (the sugar found in milk), can cause discomfort and digestive issues in infants. Similarly, cow's milk protein allergy can lead to allergic reactions, including skin rashes, vomiting, and respiratory problems. The Centres for Disease Control and Prevention (CDC) estimates that food allergies affect up to 8% of children in the United States. That's roughly one out of every thirteen children. For these children, eating certain foods causes an immune system overreaction, which can range from itching and eczema to difficulty breathing and life-threatening anaphylactic shock. Soy-based infant formulas, made from soy protein isolate, provide a suitable alternative for infants who cannot tolerate lactose or cow's milk protein. These formulas are lactose-free and hypoallergenic, making them a preferred choice for parents seeking to address their infants' dietary needs without compromising on nutrition.

Rising Awareness of Plant-Based Diets

The growing awareness and adoption of plant-based diets among adults have influenced the choices parents make for their infants. Health-conscious parents who follow or support plant-based diets often seek similar options for their children. Soy-based infant formulas align with the principles of plant-based nutrition, offering a dairy-free alternative that provides essential nutrients for infant growth and development. Partnership for a Healthier America (PHA) is launching a campaign to ensure kids get vegetables early and often, partnering with registered dietitians and influencers. The initiative aims to add 1 million servings of vegetables through veggie-forward products in 2024, promoting a healthier, more adventurous future in the baby and toddler food industry. As more parents become informed about the potential benefits of plant-based diets, the demand for soy-based infant formulas continues to rise. These formulas are seen to introduce infants to plant-based nutrition early in life, setting the stage for healthier eating habits as they grow.

Technological Advancements in Formula Production

Advancements in formula production technology have significantly improved the quality and nutritional profile of soy-based infant formulas. Modern manufacturing processes ensure that these formulas are fortified with essential vitamins and minerals, closely mimicking the nutritional content of breast milk. Enhanced formulations provide optimal levels of protein, fats, carbohydrates, and micronutrients necessary for healthy infant growth. Moreover, ongoing research and development efforts have led to the creation of specialized soy-based formulas tailored to meet the specific needs of different age groups and health conditions. These innovations have expanded the range of options available to parents, further driving the market growth.

Increased Marketing and Awareness Campaigns

Effective marketing and awareness campaigns by manufacturers have played a crucial role in promoting soy-based infant formulas. These campaigns emphasize the benefits of soy-based nutrition, addressing common concerns and misconceptions about soy products. Educational initiatives highlight the suitability of soy-based formulas for infants with lactose intolerance, allergies, and dietary preferences, helping parents make informed choices. Collaborations with healthcare professionals, including pediatricians and dietitians, have also contributed to raising awareness about the benefits of soy-based infant formulas. Recommendations from trusted healthcare providers encourage parents to consider soy-based options for their infants, boosting market demand.

Regulatory Support and Safety Standards

Regulatory support and stringent safety standards have bolstered consumer confidence in soy-based infant formulas. Regulatory bodies in various countries closely monitor and regulate the production and labeling of infant formulas to ensure safety and nutritional adequacy. Compliance with these regulations assures parents that soy-based formulas meet the highest standards of quality and safety. In some regions, government initiatives and policies aimed at promoting plant-based nutrition have further supported the growth of the soy-based infant formula market. These initiatives encourage the development and consumption of alternative protein sources, including soy, contributing to market expansion.

The soy-based infant formula market is poised for continued growth, driven by a combination of factors that address the evolving needs and preferences of modern parents. The increasing prevalence of lactose intolerance and cow's milk protein allergy, rising awareness of plant-based diets, ethical and environmental considerations, technological advancements, and effective marketing campaigns are all contributing to the market expansion.  Furthermore, the expansion of distribution channels, regulatory support, and positive health outcomes associated with soy-based formulas underscore their potential as a viable and nutritious alternative to traditional dairy-based formulas. As consumer preferences continue to shift towards healthier and more sustainable options, the soy-based infant formula market is expected to witness sustained growth, meeting the diverse nutritional needs of infants worldwide.


Download Free Sample Report

Key Market Challenges

Allergen Concerns and Health Risks

Soy protein, while an alternative to cow's milk protein, can still pose allergen risks. Some infants who are allergic to cow’s milk protein may also react to soy protein, leading to concerns among parents and healthcare providers. Additionally, soy contains phytoestrogens, which mimic the hormone estrogen. This raises concerns about potential hormonal effects in infants, although research on this topic is ongoing and inconclusive.

Market Competition

The infant formula market is highly competitive, with a few dominant players controlling a significant share. Companies producing soy-based formulas must compete not only with traditional cow's milk-based formulas but also with other specialty formulas, such as those made from hydrolyzed proteins or amino acids. This competitive environment makes it challenging for soy-based products to gain significant market share.

Regulatory Scrutiny and Compliance

Infant formula is one of the most heavily regulated food products, with stringent requirements for safety, nutritional content, and labeling. Navigating these regulations can be complex and costly for manufacturers. Any changes in regulations or new findings about the safety or efficacy of soy-based formulas could have significant implications for the market.

Consumer Awareness and Education

Many parents are not fully aware of the benefits and potential risks associated with soy-based infant formula. Misinformation and a lack of clear guidance from healthcare professionals can lead to hesitancy in choosing soy-based products. Companies must invest in educational campaigns to inform parents and healthcare providers about the safety, nutritional adequacy, and appropriate use of soy-based formulas.

Cultural and Dietary Preferences

In many cultures, cow's milk is the traditional choice for infant nutrition, and there may be resistance to adopting soy-based alternatives. Additionally, dietary trends and preferences vary widely by region, affecting the acceptance and demand for soy-based products.

The soy-based infant formula market holds significant potential, particularly as more consumers seek plant-based and hypoallergenic options for infant nutrition. However, the market faces several challenges that must be addressed to realize this potential fully. By focusing on research and development, consumer education, product innovation, strategic pricing, sustainability, and expanding distribution channels, manufacturers can navigate these hurdles and drive growth in the soy-based infant formula market. As the market continues to evolve, staying attuned to consumer preferences and regulatory changes will be key to maintaining a competitive edge and meeting the needs of health-conscious and environmentally aware parents.

Key Market Trends

Expansion of Distribution Channels

The expansion of distribution channels has made soy-based infant formulas more accessible to a broader consumer base. The growth of e-commerce platforms has facilitated convenient online purchasing, allowing parents to easily access a wide range of soy-based formula products. Additionally, partnerships with major retail chains and specialty stores have increased the visibility and availability of these formulas in brick-and-mortar locations. Global distribution networks have also enabled the penetration of soy-based infant formulas into emerging markets, where rising disposable incomes and urbanization are driving demand for high-quality infant nutrition products. The availability of soy-based formulas in various regions has contributed to the overall market expansion.

Positive Health Outcomes and Clinical Support

Clinical studies and research supporting the health benefits of soy-based infant formulas have positively influenced market growth. Evidence suggests that soy-based formulas can support healthy growth and development in infants, like dairy-based formulas. Studies have demonstrated that soy-based formulas are well-tolerated by infants with lactose intolerance and cow's milk protein allergy, providing effective nutrition without adverse effects. Positive health outcomes reported by parents and healthcare professionals reinforce the credibility of soy-based infant formulas, encouraging more parents to consider these options for their infants.

Growing Vegan and Vegetarian Population

 One of the most notable trends influencing the soy-based infant formula market is the increasing number of vegan and vegetarian families. As more parents adopt plant-based diets, they seek alternatives to traditional dairy-based infant formulas for their children. Soy-based infant formulas offer a suitable and nutritious option for these families, aligning with their dietary preferences and ethical considerations.

Product Innovation and Diversification

 The soy-based infant formula market is witnessing a surge in product innovation and diversification. Manufacturers are introducing new variants, including organic and non-GMO options, to cater to the diverse preferences of parents. Additionally, some brands are developing hypoallergenic soy-based formulas for infants with specific dietary needs, further broadening the market.

The soy-based infant formula market is poised for continued growth, driven by a combination of evolving consumer preferences, product innovation, and increased awareness of plant-based nutrition. As more parents embrace vegan and vegetarian lifestyles, seek convenient and nutritious food options, and prioritize sustainability, the demand for soy-based infant formulas is expected to rise. Manufacturers that invest in R&D, leverage digital marketing, and build strong brand loyalty will be well-positioned to capitalize on these trends and capture a significant share of the global market. The future of the soy-based infant formula market looks promising, with ample opportunities for growth and expansion in both established and emerging markets.

Segmental Insights

Form Insights

The powder form of soy-based infant formula is the leading segment in the market, driven by several factors that make it the preferred choice for parents and caregivers. Powdered formulas offer significant advantages in terms of convenience, cost-effectiveness, and shelf stability, which collectively contribute to their dominance in the market. One of the primary reasons for the popularity of powdered soy-based infant formula is its convenience. Powdered formula is easy to store, transport, and prepare, making it ideal for on-the-go families and caregivers. The lightweight and compact nature of powdered formula packaging allows parents to easily carry, and measure portions as needed, whether at home or traveling. Powdered soy-based formulas are generally more cost-effective compared to liquid or ready-to-feed variants. The cost savings associated with powdered formulas are particularly attractive to families on a budget, making it a practical option for long-term use. The ability to prepare only the necessary amount of formula helps reduce waste, further enhancing its economic appeal. The shelf stability of powdered formulas is another critical factor contributing to their leading market position. Powdered formulas have a longer shelf life than liquid alternatives, reducing the risk of spoilage and ensuring a reliable supply. This long shelf life also makes powdered formula an excellent choice for stockpiling, providing parents with peace of mind knowing they have an adequate supply on hand. In summary, the powdered form of soy-based infant formula leads the market due to its convenience, cost-effectiveness, long shelf life, nutritional flexibility, and environmental benefits. These attributes make powdered formula an attractive and practical option for parents and caregivers, ensuring its continued dominance in the soy-based infant formula market.

Download Free Sample Report

Regional Insights

The Asia Pacific region has emerged as a leading segment in the soy-based infant formula market, driven by a confluence of cultural, economic, and demographic factors. This region, encompassing countries like China, India, Japan, and Australia, is witnessing significant growth in the demand for soy-based infant formula due to several key drivers. The prevalence of lactose intolerance among the Asian population is higher compared to Western countries. This has led to a growing preference for soy-based infant formulas as a suitable alternative to cow's milk-based products. Parents in the Asia Pacific region is increasingly opting for soy-based formulas to avoid potential digestive issues for their infants. Rising health consciousness among consumers is contributing to the market's growth. Parents are becoming more aware of the nutritional benefits of soy-based formulas, which are fortified with essential vitamins and minerals. The perception of soy as a healthier, plant-based alternative aligns with the broader trend towards plant-based diets and natural ingredients. The increasing disposable incomes and urbanization in the region are driving demand for premium and specialized infant nutrition products. As more families move into urban areas, the convenience and accessibility of packaged soy-based formulas become more appealing, especially for working parents seeking nutritious options for their infants. Overall, the Asia Pacific region's unique combination of high lactose intolerance rates, health consciousness, economic growth, cultural acceptance of soy, and supportive government policies positions it as a leading segment in the global soy-based infant formula market.

Recent Developments

  • In 2024, Else Nutrition's plant-based infant formulas have debuted in the APAC region with a launch in Australia. The products are formulated using almond, buckwheat, and tapioca, and cater to infants aged six to 12 months and toddlers aged 12 to 36 months. Australia is highlighted as a market with significant knowledge about plant-based infant nutrition. The company aims to expand its reach beyond Australia to tap into the growing baby, infant, and toddler food market in the APAC region.
  • In 2024, Wyeth has launched China's first infant formula containing two essential HMOs, 2'-FL and LNnT, offering significant advantages for newborns' health. The product has shown to reduce respiratory infections, bronchitis, and antibiotic use, leading to the initiation of a domestic HMO clinical study project for Chinese infants.

Key Market Players

  • Danone S.A.
  • HiPP GmbH & Co. Vertrieb KG
  • Nestle S.A
  • Abbott Laboratories
  • The Kraft Heinz Company
  • Reckitt Benckiser Group PLC
  • Heilongjiang Feihe Dairy Co., Ltd. 
  • Arla Foods amba
  • Kerry Group plc
  • Royal FrieslandCampina N.V.

By Form

By Type

By Distribution

 Channel

By Region
  • Powder
  • Liquid
  • Semi-Liquid
  • Low Fat Soy-based Infant Formula
  • Whole-Fat Soy-based Infant Formula
  • Online
  • Offline
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the global soy based infant formula market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  •  Soy Based Infant Formula Market, By Form:

o   Powder

o   Liquid

o   Semi-Liquid  

  •         Soy Based Infant Formula Market, By Type:

o   Low Fat Soy-based Infant Formula

o   Whole-Fat Soy-based Infant Formula

  •          Soy Based Infant Formula Market, By Distribution Channel:

o   Online

o   Offline   

  •          Soy Based Infant Formula Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Kuwait

§  Egypt

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the global soy based infant formula market.

Available Customizations:

Global soy based infant formula market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Soy Based Infant Formula Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Sources of Information

5.    Global Soy Based Infant Formula Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Form Market Share Analysis (Powder, Liquid, Semi-Liquid)

5.2.2.    By Type Market Share Analysis (Low Fat Soy-based Infant Formula, Whole-Fat Soy-based Infant Formula)

5.2.3.    By Distribution Channel Market Share Analysis (Online, Offline)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        North America Market Share Analysis

5.2.4.2.        Europe Market Share Analysis

5.2.4.3.        Asia-Pacific Market Share Analysis

5.2.4.4.        Middle East & Africa Market Share Analysis

5.2.4.5.        South America Market Share Analysis

5.2.5.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Soy Based Infant Formula Market Mapping & Opportunity Assessment

5.3.1.    By Form Market Mapping & Opportunity Assessment

5.3.2.    By Type Market Mapping & Opportunity Assessment

5.3.3.    By Distribution Channel Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    North America Soy Based Infant Formula Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Form Market Share Analysis

6.2.2.    By Type Market Share Analysis

6.2.3.    By Distribution Channel Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        United States Soy Based Infant Formula Market Outlook

6.2.4.1.1.           Market Size & Forecast

6.2.4.1.1.1.               By Value

6.2.4.1.2.           Market Share & Forecast

6.2.4.1.2.1.               By Form Market Share Analysis

6.2.4.1.2.2.               By Type Market Share Analysis

6.2.4.1.2.3.               By Distribution Channel Market Share Analysis

6.2.4.2.        Canada Soy Based Infant Formula Market Outlook

6.2.4.2.1.           Market Size & Forecast

6.2.4.2.1.1.               By Value

6.2.4.2.2.           Market Share & Forecast

6.2.4.2.2.1.               By Form Market Share Analysis

6.2.4.2.2.2.               By Type Market Share Analysis

6.2.4.2.2.3.               By Distribution Channel Market Share Analysis

6.2.4.3.        Mexico Soy Based Infant Formula Market Outlook

6.2.4.3.1.           Market Size & Forecast

6.2.4.3.1.1.               By Value

6.2.4.3.2.           Market Share & Forecast

6.2.4.3.2.1.               By Form Market Share Analysis

6.2.4.3.2.2.               By Type Market Share Analysis

6.2.4.3.2.3.               By Distribution Channel Market Share Analysis

7.    Europe Soy Based Infant Formula Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Form Market Share Analysis

7.2.2.    By Type Market Share Analysis

7.2.3.    By Distribution Channel Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        France Soy Based Infant Formula Market Outlook

7.2.4.1.1.           Market Size & Forecast

7.2.4.1.1.1.               By Value

7.2.4.1.2.           Market Share & Forecast

7.2.4.1.2.1.               By Form Market Share Analysis

7.2.4.1.2.2.               By Type Market Share Analysis

7.2.4.1.2.3.               By Distribution Channel Market Share Analysis

7.2.4.2.        Germany Soy Based Infant Formula Market Outlook

7.2.4.2.1.           Market Size & Forecast

7.2.4.2.1.1.               By Value

7.2.4.2.2.           Market Share & Forecast

7.2.4.2.2.1.               By Form Market Share Analysis

7.2.4.2.2.2.               By Type Market Share Analysis

7.2.4.2.2.3.               By Distribution Channel Market Share Analysis

7.2.4.3.        Spain Soy Based Infant Formula Market Outlook

7.2.4.3.1.           Market Size & Forecast

7.2.4.3.1.1.               By Value

7.2.4.3.2.           Market Share & Forecast

7.2.4.3.2.1.               By Form Market Share Analysis

7.2.4.3.2.2.               By Type Market Share Analysis

7.2.4.3.2.3.               By Distribution Channel Market Share Analysis

7.2.4.4.        Italy Soy Based Infant Formula Market Outlook

7.2.4.4.1.           Market Size & Forecast

7.2.4.4.1.1.               By Value

7.2.4.4.2.           Market Share & Forecast

7.2.4.4.2.1.               By Form Market Share Analysis

7.2.4.4.2.2.               By Type Market Share Analysis

7.2.4.4.2.3.               By Distribution Channel Market Share Analysis

7.2.4.5.        United Kingdom Soy Based Infant Formula Market Outlook

7.2.4.5.1.           Market Size & Forecast

7.2.4.5.1.1.               By Value

7.2.4.5.2.           Market Share & Forecast

7.2.4.5.2.1.               By Form Market Share Analysis

7.2.4.5.2.2.               By Type Market Share Analysis

7.2.4.5.2.3.               By Distribution Channel Market Share Analysis

8.    Asia-Pacific Soy Based Infant Formula Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Form Market Share Analysis

8.2.2.    By Type Market Share Analysis

8.2.3.    By Distribution Channel Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        China Soy Based Infant Formula Market Outlook

8.2.4.1.1.           Market Size & Forecast

8.2.4.1.1.1.               By Value

8.2.4.1.2.           Market Share & Forecast

8.2.4.1.2.1.               By Form Market Share Analysis

8.2.4.1.2.2.               By Type Market Share Analysis

8.2.4.1.2.3.               By Distribution Channel Market Share Analysis

8.2.4.2.        Japan Soy Based Infant Formula Market Outlook

8.2.4.2.1.           Market Size & Forecast

8.2.4.2.1.1.               By Value

8.2.4.2.2.           Market Share & Forecast

8.2.4.2.2.1.               By Form Market Share Analysis

8.2.4.2.2.2.               By Type Market Share Analysis

8.2.4.2.2.3.               By Distribution Channel Market Share Analysis

8.2.4.3.        India Soy Based Infant Formula Market Outlook

8.2.4.3.1.           Market Size & Forecast

8.2.4.3.1.1.               By Value

8.2.4.3.2.           Market Share & Forecast

8.2.4.3.2.1.               By Form Market Share Analysis

8.2.4.3.2.2.               By Type Market Share Analysis

8.2.4.3.2.3.               By Distribution Channel Market Share Analysis

8.2.4.4.        Vietnam Soy Based Infant Formula Market Outlook

8.2.4.4.1.           Market Size & Forecast

8.2.4.4.1.1.               By Value

8.2.4.4.2.           Market Share & Forecast

8.2.4.4.2.1.               By Form Market Share Analysis

8.2.4.4.2.2.               By Type Market Share Analysis

8.2.4.4.2.3.               By Distribution Channel Market Share Analysis

8.2.4.5.        South Korea Soy Based Infant Formula Market Outlook

8.2.4.5.1.           Market Size & Forecast

8.2.4.5.1.1.               By Value

8.2.4.5.2.           Market Share & Forecast

8.2.4.5.2.1.               By Form Market Share Analysis

8.2.4.5.2.2.               By Type Market Share Analysis

8.2.4.5.2.3.               By Distribution Channel Market Share Analysis

9.    Middle East & Africa Soy Based Infant Formula Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Form Market Share Analysis

9.2.2.    By Type Market Share Analysis

9.2.3.    By Distribution Channel Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        South Africa Soy Based Infant Formula Market Outlook

9.2.4.1.1.           Market Size & Forecast

9.2.4.1.1.1.               By Value

9.2.4.1.2.           Market Share & Forecast

9.2.4.1.2.1.               By Form Market Share Analysis

9.2.4.1.2.2.               By Type Market Share Analysis

9.2.4.1.2.3.               By Distribution Channel Market Share Analysis

9.2.4.2.        Saudi Arabia Soy Based Infant Formula Market Outlook

9.2.4.2.1.           Market Size & Forecast

9.2.4.2.1.1.               By Value

9.2.4.2.2.           Market Share & Forecast

9.2.4.2.2.1.               By Form Market Share Analysis

9.2.4.2.2.2.               By Type Market Share Analysis

9.2.4.2.2.3.               By Distribution Channel Market Share Analysis

9.2.4.3.        UAE Soy Based Infant Formula Market Outlook

9.2.4.3.1.           Market Size & Forecast

9.2.4.3.1.1.               By Value

9.2.4.3.2.           Market Share & Forecast

9.2.4.3.2.1.               By Form Market Share Analysis

9.2.4.3.2.2.               By Type Market Share Analysis

9.2.4.3.2.3.               By Distribution Channel Market Share Analysis

9.2.4.4.        Turkey Soy Based Infant Formula Market Outlook

9.2.4.4.1.           Market Size & Forecast

9.2.4.4.1.1.               By Value

9.2.4.4.2.           Market Share & Forecast

9.2.4.4.2.1.               By Form Market Share Analysis

9.2.4.4.2.2.               By Type Market Share Analysis

9.2.4.4.2.3.               By Distribution Channel Market Share Analysis

9.2.4.5.        Kuwait Soy Based Infant Formula Market Outlook

9.2.4.5.1.           Market Size & Forecast

9.2.4.5.1.1.               By Value

9.2.4.5.2.           Market Share & Forecast

9.2.4.5.2.1.               By Form Market Share Analysis

9.2.4.5.2.2.               By Type Market Share Analysis

9.2.4.5.2.3.               By Distribution Channel Market Share Analysis

9.2.4.6.        Egypt Soy Based Infant Formula Market Outlook

9.2.4.6.1.           Market Size & Forecast

9.2.4.6.1.1.               By Value

9.2.4.6.2.           Market Share & Forecast

9.2.4.6.2.1.               By Form Market Share Analysis

9.2.4.6.2.2.               By Type Market Share Analysis

9.2.4.6.2.3.               By Distribution Channel Market Share Analysis

10. South America Soy Based Infant Formula Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Form Market Share Analysis

10.2.2. By Type Market Share Analysis

10.2.3. By Distribution Channel Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Brazil Soy Based Infant Formula Market Outlook

10.2.4.1.1.         Market Size & Forecast

10.2.4.1.1.1.            By Value

10.2.4.1.2.         Market Share & Forecast

10.2.4.1.2.1.            By Form Market Share Analysis

10.2.4.1.2.2.            By Type Market Share Analysis

10.2.4.1.2.3.            By Distribution Channel Market Share Analysis

10.2.4.2.     Argentina Soy Based Infant Formula Market Outlook

10.2.4.2.1.         Market Size & Forecast

10.2.4.2.1.1.            By Value

10.2.4.2.2.         Market Share & Forecast

10.2.4.2.2.1.            By Form Market Share Analysis

10.2.4.2.2.2.            By Type Market Share Analysis

10.2.4.2.2.3.            By Distribution Channel Market Share Analysis

10.2.4.3.     Colombia Soy Based Infant Formula Market Outlook

10.2.4.3.1.         Market Size & Forecast

10.2.4.3.1.1.            By Value

10.2.4.3.2.         Market Share & Forecast

10.2.4.3.2.1.            By Form Market Share Analysis

10.2.4.3.2.2.            By Type Market Share Analysis

10.2.4.3.2.3.            By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Impact of COVID-19 on Global Soy Based Infant Formula Market

12.1.             Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.             Company Profiles

14.1.1. Danone S.A.

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. HiPP GmbH & Co. Vertrieb KG

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Nestle S.A

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4.  Abbott Laboratories

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5.  The Kraft Heinz Company

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Reckitt Benckiser Group PLC

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Heilongjiang Feihe Dairy Co., Ltd.

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Arla Foods amba

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Kerry Group plc

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              Royal FrieslandCampina N.V.

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.             Key Focus Areas

15.2.             Target Form

15.3.             Target Distribution Channel

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the global soy based infant formula market was estimated to be USD 285.8 Million in 2023.

down-arrow

The major drivers for the global soy based infant formula market include the increasing prevalence of lactose intolerance and cow's milk protein allergy among infants, growing awareness and adoption of plant-based diets. These factors collectively contribute to the market's dynamic growth and appeal to diverse end consumers.

down-arrow

Major trends in the global soy based infant formula market includes expansion of distribution channels, product innovation and diversification, clinical studies and research supporting the health benefits of soy-based infant formulas have positively influenced market growth. These trends reflect evolving consumer preferences and industry responses to create distinct and appealing offerings.

down-arrow

Major challenges for the global soy based infant formula market encompass allergen concerns and health risks, highly competitive, heavily regulated food products. Understanding these challenges is critical for stakeholders to strategize effectively and ensure long-term growth in this competitive market

Related Reports

profile

Parvati Sharma

Account Manager BD
Press Release

Soy Based Infant Formula Market to Grow with a CAGR of 4.3% through 2029F

Oct, 2024

The global soy based infant formula market is driven owing to the rising demand by health-conscious parents and infants with specific dietary requirements.

Why Choose Us