Soy-Based Infant Formula Market

Soy-Based Infant Formula Market is valued at USD 208.74 Million in 2021 and expected to reach USD 290.02 Million by 2028 with the CAGR of 4.81% over the forecast period.

Soy-Based Infant Formula Market: Global Size, Trends, Competitive, Historical & Forecast Analysis. Increasing number of birth and increasing incidence of mother mothers with low production of breast milk driving the soy-based infant formula market. 

Scope of Soy-Based Infant Formula Market-

Soy-based infant formula is an infant food made using soy protein and other components. It is the substitute for human breast milk or cow milk formula. Soy-based infant formula uses processed soybeans as a source of protein, and it is been formulated in the form of liquid or powder. Soy-based infant formula content different group of sugar excluding lactose, other ingredients are naturally occurring plant-based compound like phytic acid. It differs from human breast milk in a multiple way including inhibition of absorption of iron, though it can be removed in processing. But these is not including in regular practice of number of manufacturers of soy-based formula. Healthcare practitioners / Paediatricians usually recommend soy formula for babies who need it, such as infants with galactosemia, primary lactase deficiency, diarrhoea and a temporary lactase deficiency, this is the condition of switching babies to soy formula when they have diarrhoea. Soy-based infant formula primary choice if parents wants to raise their baby as vegetarian and the mother is not enabled to fulfil the daily need of breastfeeding. Soy-based infant formula is the only choice for vegan parents who want to raise their baby as a vegan, since there are no completely vegan baby formulas available in the market.

soy-based infant formula market report is segmented based on type, application, form and by regional & country level. Based upon type, soy-based infant formula market is classified into carbohydrates, fats & oils, protein, vitamins, minerals, prebiotics and others (probiotics, nucleotides, and emulsifiers). Based upon application, soy-based infant formula market is classified into growing-up milk (infants over 12 months), standard infant formula (0–6-month-old infants), follow-on formula (6–12-months old infants) and specialty formula. Based upon form, soy-based infant formula market is classified into powder and liquid & semi-liquid.

The regions covered in this soy-based infant formula market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of soy-based infant formula is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

soy-based infant formula market report is segmented based on type, application, form and by regional & country level. Based upon type, soy-based infant formula market is classified into carbohydrates, fats & oils, protein, vitamins, minerals, prebiotics and others (probiotics, nucleotides, and emulsifiers). Based upon application, soy-based infant formula market is classified into growing-up milk (infants over 12 months), standard infant formula (0–6-month-old infants), follow-on formula (6–12-months old infants) and specialty formula. Based upon form, soy-based infant formula market is classified into powder and liquid & semi-liquid.

Soy-Based Infant Formula Manufacturers:

soy-based infant formula market report covers prominent players like Abbott Laboratories, Nestlé SA, Perrigo Company plc, Reckitt Benckiser Group Plc, Royal Friesland Campina N.V., The Hain Celestial Group Inc., AAK AB, Fonterra Co-operative Group Limited, Carbery Food Ingredients Limited, Sachsenmilch Leppersdorf GmbH, BASF SE, Koninklijke DSM N.V., Arla Foods amba, Chr. Hansen Holdings A/S, Kerry Group plc, Lactalis Ingredients, Glanbia plc, and Vitablend Nederland B.V. and among others.

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BASF and Glycosyn sign strategic partnership to improve gut health with human milk oligosaccharides

News: On May 16, 2019, BASF announced the strategic partnership agreement with Glycosyn for the development and commercialization of human milk oligosaccharides (HMOs) intended to use in dietary supplements, functional nutrition, and medical food. Glycosyn is the leading biotechnology company developing products based bioactive sugars found in human milk, whereas, BASF is a German chemical company and the largest chemical producer in the world.  The joint venture includes exclusive license of Glycosyn’s patent portfolio for gut health in infant nutrition to BASF. The agreement is intended to enhance gastrointestinal health along with broadening the applications of HMO for further health conditions.

Soy-Based Infant Formula Market Dynamics –

Increasing number of mothers with low production of breast milk driving the growth of market. Medical concerns regarding the low breast milk production among many new mothers caused by breast engorgement, thrush, abscess, and mastitis and rising demand for organic infant formulas have encouraged vendors to develop formulated organic baby food including soy infant formula. Additionally, requirement of soy-based infant formulas is increased due to these products are easily available and suitable for infants who are with lactose intolerance. Moreover, rising awareness among consumer about safety, brands and nutrition will also enhance the market growth. However, risk associated with the infant those who are with allergy for soy will restrain the market growth. Nevertheless, manufacturers are using the organic baby foods, which are free from chemical agents. These organic foods have more health benefits and no side-effects. The availability of such products in the market expected to create the huge opportunity in market over the forecast period.

Soy-Based Infant Formula Market Regional Analysis –

North America is dominating the soy-based infant formula market across the world. Increasing number of working mothers and increasing concern about food safety for infants have increased the demand for soy-based infant formulas. Now a days in the region working mothers depend on infant formulas including soy-based infant food for infants. The Presence of key player in the region including Abbot Laboratories also helping to maintain the dominancy in the region.  prevailing e-commerce platforms will also fuel the growth of the soy-based infant formula market over the forecast period. North America is expected to remain dominant over the forecast period.

Asia Pacific is anticipated to grow at a highest CAGR over forecast period due to rising awareness of soy based infant formula and increasing per capita income in the countries like China and India. Moreover, increasing e-commerce platform including and easily availability of the products will also bolster the market growth.

  Report Coverage

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 208.74 Million
Base year considered	2020
Forecast Period CAGR %:	4.81%
Market Size Expected in 2027:	USD 290.02 Million
Tables, Charts & Figures:	175
Pages	200
Key Players/Companies	Abbott Laboratories, Nestlé SA, Perrigo Company plc, Reckitt Benckiser Group Plc, Royal Friesland Campina N.V., The Hain Celestial Group Inc., AAK AB, Fonterra Co-operative Group Limited, Carbery Food Ingredients Limited, Sachsenmilch Leppersdorf GmbH, BASF SE, Koninklijke DSM N.V., Arla Foods amba, Chr. Hansen Holdings A/S, Kerry Group plc, Lactalis Ingredients, Glanbia plc, and Vitablend Nederland B.V. and among others
Segments Covered	By Type, By Form, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Soy-Based Infant Formula Market Reports –

Global Market report covers in depth historical and forecast analysis.

Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global Market report helps to identify opportunities in market place.

Global Market report covers extensive analysis of emerging trends and competitive landscape.

Soy-Based Infant Formula Market Segmentation –

By Type: Carbohydrates, Fats & oils ,Protein, Vitamins ,Minerals, Prebiotics, Others (probiotics, nucleotides, and emulsifiers)

By Applications: Growing-up milk (infants over 12 months), Standard infant formula (0–6-month-old infants), Follow-on formula (6–12-months old infants), Specialty formula

By Form: Powder, Liquid & semi-liquid

Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa