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FEATURED COMPANIES
- Abbott Laboratories
- Nestlé SA
- Perrigo Company plc
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Soy-Based Infant Formula Market: About this market
Soy-based infant formulas are substitutes for human breast milk. This soy-based infant formula market analysis considers sales from applications including infants between 12-36 months, 6-12 month, and 0-6 months. Our analysis also considers the sales of soy-based infant formula in APAC, Europe, North America, South America, and MEA. In 2018, the infants between 12-36 months segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the ability of soy-based infant formulas to lower the risk of heart problems and obesity in children falling under this age group will play a significant role in the infants between 12-36 months segment to maintain its market position. Also, our global soy-based infant formula market report looks at factors such as the increasing number of mothers with low production of breast milk, rising number of working women, and growing preference for online shopping. However, declining birth rates, allergic and health issues from soy-based infant formulas, and increasing preference for breastmilk may hamper the growth of the soy-based infant formula industry over the forecast period.
Global Soy-Based Infant Formula market: Overview
Increasing number of mothers with low production of breast milk
Medical concerns regarding the low breast milk production among many new mothers caused by breast engorgement, thrush, abscess, and mastitis have encouraged vendors to introduce formulated organic baby food such as soy infant formula. The sales volume of soy-based infant formulas is increasing because they are easily available and suitable for babies who are lactose intolerant. This will lead to the expansion of the global soy-based infant formula market at a CAGR of close to 3% during the forecast period.
Increasing demand for organic infant formulas
Vendors are coming up with organic baby foods, which are free from chemical agents. This is due to the growing concerns among parents about the presence of unhealthy chemical additives in store-bought baby foods. Soy-based infant formula is an example of organic baby food product, which has health benefits and no side-effects. The availability of such organic baby food products is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the global soy-based infant formula market is concentrated. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading soy-based infant formula manufacturers, that include Abbott Laboratories, Nestlé SA, Perrigo Company plc, Reckitt Benckiser Group Plc, and The Hain Celestial Group Inc.
Also, the soy-based infant formula market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Soy-based infant formulas are substitutes for human breast milk. This soy-based infant formula market analysis considers sales from applications including infants between 12-36 months, 6-12 month, and 0-6 months. Our analysis also considers the sales of soy-based infant formula in APAC, Europe, North America, South America, and MEA. In 2018, the infants between 12-36 months segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the ability of soy-based infant formulas to lower the risk of heart problems and obesity in children falling under this age group will play a significant role in the infants between 12-36 months segment to maintain its market position. Also, our global soy-based infant formula market report looks at factors such as the increasing number of mothers with low production of breast milk, rising number of working women, and growing preference for online shopping. However, declining birth rates, allergic and health issues from soy-based infant formulas, and increasing preference for breastmilk may hamper the growth of the soy-based infant formula industry over the forecast period.
Global Soy-Based Infant Formula market: Overview
Increasing number of mothers with low production of breast milk
Medical concerns regarding the low breast milk production among many new mothers caused by breast engorgement, thrush, abscess, and mastitis have encouraged vendors to introduce formulated organic baby food such as soy infant formula. The sales volume of soy-based infant formulas is increasing because they are easily available and suitable for babies who are lactose intolerant. This will lead to the expansion of the global soy-based infant formula market at a CAGR of close to 3% during the forecast period.
Increasing demand for organic infant formulas
Vendors are coming up with organic baby foods, which are free from chemical agents. This is due to the growing concerns among parents about the presence of unhealthy chemical additives in store-bought baby foods. Soy-based infant formula is an example of organic baby food product, which has health benefits and no side-effects. The availability of such organic baby food products is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the global soy-based infant formula market is concentrated. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading soy-based infant formula manufacturers, that include Abbott Laboratories, Nestlé SA, Perrigo Company plc, Reckitt Benckiser Group Plc, and The Hain Celestial Group Inc.
Also, the soy-based infant formula market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Abbott Laboratories
- Nestlé SA
- Perrigo Company plc
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits:
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Abbott Laboratories
- Nestlé SA
- Perrigo Company plc
The following companies are recognised as the key players in the global soy-based infant formula market: Abbott Laboratories, Nestlé SA, Perrigo Company plc, Reckitt Benckiser Group Plc, and The Hain Celestial Group Inc.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing demand for organic infant formulas.”
According to the report, one of the major drivers for this market is the increasing number of new mothers with low production of breast milk.
Further, the report states that one of the major factors hindering the growth of this market is the increasing preference for breastmilk.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing demand for organic infant formulas.”
According to the report, one of the major drivers for this market is the increasing number of new mothers with low production of breast milk.
Further, the report states that one of the major factors hindering the growth of this market is the increasing preference for breastmilk.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Abbott Laboratories
- Nestlé SA
- Perrigo Company plc
- Reckitt Benckiser Group Plc
- The Hain Celestial Group Inc.
Note: Product cover images may vary from those shown
