Global Soy-Based Infant Formula Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Stage 1, Stage 2, Stage 3, Stage 4, and Toddler Baby.

By Form;

Powder, Liquid, and Semi-Liquid.

By Type;

Low Fat Soy-based Infant Formula and Whole-Fat Soy-Based Infant Formula.

By Application;

12-36 Months, 6-12 Months, and 0-6 Months.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn743009364 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Soy-Based Infant Formula Market (USD Million), 2021 - 2031

In the year 2024, the Global Soy-Based Infant Formula Market was valued at USD 288.53 million. The size of this market is expected to increase to USD 463.31 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.

The Global Soy-Based Infant Formula Market is witnessing significant growth driven by rising concerns about lactose intolerance among infants and the increasing preference for plant-based diets. Soy-based infant formulas provide a crucial alternative to cow milk-based formulas, offering a solution for babies with allergies or sensitivities to lactose and cow milk proteins. These formulas are rich in essential nutrients like protein, vitamins, and minerals, which support healthy infant development. Additionally, the growing awareness of the benefits of soy-based products and the increasing number of working mothers returning to the workforce are contributing to the market's expansion.

Market segmentation plays a crucial role in understanding the dynamics of the soy-based infant formula market. It can be segmented by product type, distribution channel, and region. By product type, the market includes infant milk, follow-on milk, and special milk. Distribution channels comprise supermarkets/hypermarkets, pharmacies/drugstores, specialty stores, and online retail. Geographically, the market spans North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Each region has its own regulatory frameworks, consumer preferences, and market conditions, which influence the demand for soy-based infant formulas.

Key players in the market are focusing on innovation and strategic collaborations to gain a competitive edge. Companies are investing in research and development to enhance the nutritional profile of soy-based infant formulas and to introduce organic and non-GMO variants. Strategic partnerships, mergers, and acquisitions are also prominent strategies adopted to expand market presence and reach. Moreover, marketing campaigns emphasizing the health benefits of soy-based formulas and educating parents about managing lactose intolerance and allergies in infants are pivotal in driving market growth. As awareness and demand for plant-based nutrition for infants rise, the soy-based infant formula market is expected to witness sustained growth in the coming years.

  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 Form
    3. Market Snapshot, By Type
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Soy-Based Infant Formula Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Lactose Intolerance
        2. Plant-Based Diets
        3. Product Awareness
      2. Restraints
        1. Allergen Concerns
        2. Alternative Formulas
        3. Regulatory Challenges
      3. Opportunites
        1. Organic & Non-GMO Formulas
        2. Emerging Markets
        3. Strategic Collaboration
    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 Soy-Based Infant Formula Market, By Product Type, 2021 - 2031 (USD Million)
      1. Stage 1
      2. Stage 2
      3. Stage 3
      4. Stage 4
      5. Toddler Baby
    2. Global Soy-Based Infant Formula Market, By Form, 2021 - 2031 (USD Million)
      1. Powder
      2. Liquid
      3. Semi-Liquid
    3. Global Soy-Based Infant Formula Market, By Type, 2021 - 2031 (USD Million)
      1. Low Fat Soy-based Infant Formula
      2. Whole-Fat Soy-based Infant Formula
    4. Global Soy-Based Infant Formula Market, By Application, 2021 - 2031 (USD Million)
      1. 12-36 months
      2. 6-12 months
      3. 0-6 months
    5. Global Soy-Based Infant 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. Abbott Laboratories
      2. Nestl SA
      3. Perrigo Company plc
      4. Reckitt Benckiser Group Plc
      5. The Hain Celestial Group Inc.
  7. Analyst Views
  8. Future Outlook of the Market