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).
Report ID: Rn864201213 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Nature
    3. Market Snapshot, By Region
  4. Global Growing Up Formula Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization and Working Parents
        2. Increasing Health Awareness
        3. Rising Disposable Incomes
        4. Demand for Convenience
      2. Restraints
        1. Regulatory Scrutiny
        2. Consumer Skepticism
        3. Competition from Cow's Milk
        4. Economic Instability
      3. Opportunities
        1. Product Innovation Trends
        2. Emerging Market Expansion
        3. Organic and Non-GMO Formulations
        4. Online Retail Growth
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Growing Up Formula Market, By Product Type, 2021 - 2031 (USD Million)
      1. Powder
      2. Liquid
    2. Global Growing Up Formula Market, By Nature, 2021 - 2031 (USD Million)
      1. Organic
      2. Conventional
    3. Global Growing Up Formula Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nestle S.A.
      2. Able Food Sdn Bhd
      3. Perrigo Nutritionals
      4. MS Nutrition Sdn Bhd
      5. Bodco Limited
      6. Novalac
      7. Almarai Co.
      8. Dana Dairy Group
  7. Analyst Views
  8. Future Outlook of the Market