Global Growing Up Formula Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Powder and Liquid.By Nature;
Organic and Conventional.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Growing Up Formula Market (USD Million), 2021 - 2031
In the year 2024, the Global Growing Up Formula Market was valued at USD 15913.24 million. The size of this market is expected to increase to USD 23927.63 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.
The global market for growing-up formulas, also known as toddler milk or follow-on milk, is a dynamic segment within the broader infant nutrition industry. Growing-up formulas are specifically designed to meet the nutritional needs of toddlers aged between 1 to 3 years, bridging the gap between infant formula and regular cow's milk. These products are fortified with essential nutrients such as vitamins, minerals, and proteins to support the healthy growth and development of young children during this critical stage of life.
Key drivers of the global growing-up formula market include increasing urbanization, rising disposable incomes, and changing dietary habits worldwide. Urbanization has led to more nuclear families and working parents, driving demand for convenient and nutritionally balanced toddler food options. Moreover, as awareness grows about the importance of early childhood nutrition in cognitive and physical development, parents are increasingly opting for specialized formulas that provide added nutritional benefits beyond what cow's milk offers.
However, the market is not without challenges. Regulatory scrutiny and evolving guidelines regarding infant and toddler nutrition pose hurdles for manufacturers, requiring compliance with strict safety and labeling standards across different regions. Moreover, consumer skepticism towards processed foods and concerns about artificial additives can influence purchasing decisions, emphasizing the need for transparency and product innovation in meeting evolving consumer preferences.
Despite these challenges, the global growing-up formula market presents significant opportunities for innovation and expansion. Manufacturers are leveraging research and development to introduce organic, non-GMO, and allergen-free formulations that resonate with health-conscious parents. Furthermore, expanding market penetration in emerging economies and diversifying product offerings to include fortified and specialty formulas are strategies aimed at capitalizing on the growing demand for nutritious and convenient toddler nutrition solutions globally.
Global Growing Up Formula Market Recent Developments
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In November 16, 2021, Abbott Nutrition today announced the launch of Similac 360 Total Care, the company’s next generation of infant formula with HMOs, major prebiotics structurally identical to those found in human breast milk. Similac 360 Total Care is the first and only infant formula in the U.S. with a blend of five different HMOs, previously only found together in breast milk.
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In November 29, 2023, Nestlé today announced that it has developed N3 milk with new nutritional benefits, that is launching first in China. Made from cow's milk, it has all the essential nutrients found in milk such as proteins, vitamins, and minerals. In addition, it contains prebiotic fibers, has a low lactose content and has over 15% fewer calories.
Segment Analysis
Food and beverage flavorings are commonly available in two primary product types: powder and liquid. Powder flavorings are widely used in dry mixes, bakery products, and snack items due to their ease of handling and long shelf life. They dissolve quickly in dry formulations without altering the texture, making them a preferred choice for various applications. Liquid flavorings, on the other hand, are well-suited for beverages, sauces, and marinades, offering easy blending and uniform distribution of flavor. The distinct advantages of each product type allow manufacturers to choose the most suitable format based on the specific requirements of their applications.
Flavorings also vary by nature, with organic and conventional options available to cater to different consumer preferences. Organic flavorings are derived from ingredients grown without synthetic pesticides, herbicides, or fertilizers, appealing to health-conscious and environmentally aware consumers. Conventional flavorings, while not adhering to organic farming practices, offer a broader range of options and typically come at a lower cost, making them accessible to a wider market. The availability of both organic and conventional flavorings ensures that manufacturers can align their products with their target audience's values and purchasing power.
The dual categorization of flavorings by product type and nature underscores the industry's adaptability to market trends and consumer demands. With the growing emphasis on health and sustainability, organic options are witnessing increased demand, while conventional flavorings remain popular for their affordability and diverse applications. Together, these segments provide a comprehensive range of solutions for the evolving needs of the food and beverage industry.
Global Growing Up Formula Segment Analysis
In this report, the Global Growing Up Formula Market has been segmented by Product Type, Nature and Geography.
Global Growing Up Formula Market, Segmentation by Product Type
The global growing-up formula market is segmented by product type into Powder and Liquid.
On the other hand, liquid formulas offer immediate convenience as they are ready to consume without the need for mixing. This format appeals to parents looking for quick and hassle-free feeding options, especially while traveling or on the go. Liquid formulas often come in single-serving containers or resealable bottles, ensuring freshness and portion control. Both powder and liquid formulations cater to different consumer preferences and practical considerations. Powdered formulas are favored for their cost-effectiveness and versatility in storage, while liquid formulas provide convenience and simplicity in feeding routines. Manufacturers in the growing-up formula market continue to innovate within these categories to meet evolving consumer demands for nutritional quality, convenience, and ease of use in toddler nutrition.
Global Growing Up Formula Market, Segmentation by Nature
The global growing-up formula market has been segmented by Nature into Organic and Conventional.
Conventional formulas, on the other hand, are formulated using ingredients that may include synthetic additives or non-organic sources. While they are typically more affordable and widely available compared to organic options, some consumers may have concerns about potential exposure to additives or residues. Conventional formulas often undergo rigorous testing and adhere to regulatory standards to ensure safety and nutritional adequacy, catering to a broader consumer base looking for reliable and cost-effective toddler nutrition solutions. The segmentation into organic and conventional categories reflects a growing trend towards transparency and consumer awareness in the infant and toddler nutrition market. Manufacturers and brands are responding by expanding their product lines to include organic offerings, leveraging certifications and marketing strategies to communicate the benefits of organic ingredients. This segmentation allows parents to make informed choices based on their preferences for nutritional quality, sustainability, and health considerations when selecting growing-up formulas for their children.
Global Growing Up Formula Market, Segmentation by Geography
In this report, the Global Growing Up Formula Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Growing Up Formula Market Share (%), by Geographical Region, 2024
North America and Europe represent mature markets for growing-up formulas, characterized by stringent regulatory standards and high consumer awareness of nutrition and health. These regions prioritize product safety and quality, driving demand for certified organic and non-GMO formulas, while also fostering innovation in infant and toddler nutrition.
In contrast, the Asia-Pacific region, including countries like China, India, and Southeast Asian nations, presents significant growth opportunities fueled by rising disposable incomes, urbanization, and increasing awareness of nutrition among parents. The market here is influenced by cultural dietary practices and preferences, with a growing trend towards premium and imported infant nutrition products. Manufacturers are expanding their presence in these markets through strategic partnerships, localized marketing efforts, and product customization to align with regional tastes and regulatory requirements.
The rest of the world (RoW) segment encompasses regions with emerging economies and evolving healthcare infrastructures, where access to quality nutrition products for infants and toddlers remains a priority. Market growth in RoW is driven by improving healthcare standards, government initiatives promoting child health, and increasing consumer expenditure on premium nutritional products. Understanding these geographical nuances allows stakeholders in the growing-up formula market to tailor their strategies effectively, ensuring compliance with local regulations and meeting the diverse needs of consumers across different regions globally.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Growing Up Formula Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Urbanization and Working Parents
- Increasing Health Awareness
- Rising Disposable Incomes
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Demand for Convenience: The demand for convenience is a significant driver in the global growing-up formula market, reflecting changing lifestyles and preferences among modern parents. As urbanization continues to rise and more families adopt dual-income dynamics, there is a growing need for convenient and time-saving solutions in child nutrition. Growing-up formulas cater to this demand by offering a convenient alternative to regular cow's milk, providing a balanced and fortified option that meets the nutritional requirements of toddlers.
Moreover, busy lifestyles often limit the time parents have to prepare homemade meals from scratch, making ready-to-use or easy-to-prepare formulas an appealing choice. These products offer reassurance to parents concerned about providing adequate nutrition for their growing children while managing hectic schedules. The convenience factor extends beyond preparation to packaging formats such as single-serve bottles or pouches, which are convenient for on-the-go consumption, further enhancing their appeal in today's fast-paced world.
Restraints
- Regulatory Scrutiny
- Consumer Skepticism
- Competition from Cow's Milk
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Economic Instability: Economic instability presents a significant restraint in the global growing-up formula market, impacting consumer purchasing power and market dynamics. During periods of economic uncertainty or recession, households may prioritize essential expenses over discretionary spending on specialty products like growing-up formulas. This can lead to a decline in demand as consumers opt for more cost-effective alternatives, such as transitioning directly to regular cow's milk or other affordable nutrition options.
Moreover, fluctuations in currency exchange rates and inflation rates can affect production costs and pricing strategies for manufacturers operating in multiple regions. Economic downturns may also influence supply chain disruptions and logistics, further complicating market operations and distribution channels. As a result, companies in the growing-up formula market need to adopt agile strategies to navigate economic challenges, including adjusting pricing strategies, optimizing supply chains, and diversifying market reach to mitigate risks associated with economic instability.
Opportunities
- Product Innovation Trends
- Emerging Market Expansion
- Organic and Non-GMO Formulations
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Online Retail Growth: Online retail growth is a significant opportunity in the global growing-up formula market, driven by increasing consumer preference for convenience, accessibility, and a wider product selection. As e-commerce platforms expand globally, parents are increasingly turning to online channels to purchase growing-up formulas for their toddlers. The convenience of browsing and purchasing products from the comfort of home, coupled with doorstep delivery options, appeals to busy parents seeking efficient shopping experiences.
Moreover, online retail offers a platform for manufacturers to reach a broader audience beyond traditional brick-and-mortar stores. It facilitates direct-to-consumer sales, allowing brands to engage directly with consumers through personalized marketing, product information, and customer reviews. This direct interaction enhances brand visibility and consumer trust, crucial factors in the competitive infant nutrition market.
Competitive Landscape Analysis
Key players in Global Growing Up Formula Market include
- Nestle S.A.
- Able Food Sdn Bhd
- Perrigo Nutritionals
- MS Nutrition Sdn Bhd
- Bodco Limited
- Novalac
- Almarai Co.
- Dana Dairy Group
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Nature
- Market Snapshot, By Region
- Global Growing Up Formula Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Urbanization and Working Parents
- Increasing Health Awareness
- Rising Disposable Incomes
- Demand for Convenience
- Restraints
- Regulatory Scrutiny
- Consumer Skepticism
- Competition from Cow's Milk
- Economic Instability
- Opportunities
- Product Innovation Trends
- Emerging Market Expansion
- Organic and Non-GMO Formulations
- Online Retail Growth
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Growing Up Formula Market, By Product Type, 2021 - 2031 (USD Million)
- Powder
- Liquid
- Global Growing Up Formula Market, By Nature, 2021 - 2031 (USD Million)
- Organic
- Conventional
- Global Growing Up Formula Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Growing Up Formula Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Nestle S.A.
- Able Food Sdn Bhd
- Perrigo Nutritionals
- MS Nutrition Sdn Bhd
- Bodco Limited
- Novalac
- Almarai Co.
- Dana Dairy Group
- Company Profiles
- Analyst Views
- Future Outlook of the Market