The global market for Soy-Based Infant Formula was estimated at US$305.3 Million in 2024 and is projected to reach US$342.1 Million by 2030, growing at a CAGR of 1.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Soy-Based Infant Formula market.
The market for soy-based infant formula has evolved due to dietary restrictions and health concerns over allergens found in traditional dairy-based formulas. In many cases, parents turn to soy formula as a solution when their infant displays signs of dairy intolerance or allergy, or when they are seeking products free from animal-derived ingredients. Moreover, the perception of soy as a healthier alternative has bolstered its popularity among health-conscious parents. However, it`s important to note that soy-based formulas are often scrutinized for their phytoestrogen content, which some studies suggest may influence hormonal balance. Despite this, regulatory agencies like the FDA have deemed soy-based infant formulas safe and nutritionally adequate when used as a sole source of nutrition for infants.
The growth in the soy-based infant formula market is driven by several factors, including advancements in food technology and nutrition science, which have improved the nutritional profile of soy formulas to better match that of human milk. Technological improvements have led to the development of formulas that are enriched with supplemented nutrients such as DHA and ARA, which are vital for brain and eye development, respectively. Additionally, changing consumer behaviors toward plant-based diets have expanded the customer base for soy-based formulas. The increasing prevalence of lactose intolerance and milk allergies among infants has also played a critical role in propelling demand. Furthermore, global demographic trends, such as rising birth rates in certain regions and increasing female participation in the workforce, necessitate convenient feeding options, contributing to the growth of this market. As awareness and acceptance of alternative dietary preferences increase, soy-based infant formulas continue to gain a substantial share of the global infant nutrition market, supported by both consumer demand and ongoing product innovation.
Global Soy-Based Infant Formula Market - Key Trends and Drivers Summarized
Soy-based infant formula is a plant-based alternative to cow`s milk formula, designed to cater to infants who are lactose intolerant, allergic to cow`s milk protein, or whose families opt for a vegan or vegetarian lifestyle. This formula is made primarily from soy protein isolate, which is processed to be digestible for infants. It is fortified with nutrients that are essential for infant development, including iron, calcium, vitamins, and fatty acids that mimic those found in breast milk. Given that soy does not naturally contain some critical nutrients needed for early development, such as vitamin B12 and vitamin D, these are added during manufacturing to ensure the formula supports normal growth during the first year of life.The market for soy-based infant formula has evolved due to dietary restrictions and health concerns over allergens found in traditional dairy-based formulas. In many cases, parents turn to soy formula as a solution when their infant displays signs of dairy intolerance or allergy, or when they are seeking products free from animal-derived ingredients. Moreover, the perception of soy as a healthier alternative has bolstered its popularity among health-conscious parents. However, it`s important to note that soy-based formulas are often scrutinized for their phytoestrogen content, which some studies suggest may influence hormonal balance. Despite this, regulatory agencies like the FDA have deemed soy-based infant formulas safe and nutritionally adequate when used as a sole source of nutrition for infants.
The growth in the soy-based infant formula market is driven by several factors, including advancements in food technology and nutrition science, which have improved the nutritional profile of soy formulas to better match that of human milk. Technological improvements have led to the development of formulas that are enriched with supplemented nutrients such as DHA and ARA, which are vital for brain and eye development, respectively. Additionally, changing consumer behaviors toward plant-based diets have expanded the customer base for soy-based formulas. The increasing prevalence of lactose intolerance and milk allergies among infants has also played a critical role in propelling demand. Furthermore, global demographic trends, such as rising birth rates in certain regions and increasing female participation in the workforce, necessitate convenient feeding options, contributing to the growth of this market. As awareness and acceptance of alternative dietary preferences increase, soy-based infant formulas continue to gain a substantial share of the global infant nutrition market, supported by both consumer demand and ongoing product innovation.
SCOPE OF STUDY:
The report analyzes the Soy-Based Infant Formula market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Product Type (Low-Fat-Soy-Based Infant Formula, Whole-Fat-Soy-Based Infant Formula); Age Group (12-36 Months, 6-12 Months, 0-6 Months); Distribution Channel (Offline Distribution Channel, Online Distribution Channel)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Low-Fat-Soy-Based Infant Formula segment, which is expected to reach US$197.6 Million by 2030 with a CAGR of a 1.5%. The Whole-Fat-Soy-Based Infant Formula segment is also set to grow at 2.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $82.7 Million in 2024, and China, forecasted to grow at an impressive 4.0% CAGR to reach $66.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Soy-Based Infant Formula Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Soy-Based Infant Formula Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Soy-Based Infant Formula Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as AAK AB, Abbott Laboratories - Abbott Nutrition, Arla Foods amba, BIMBOSAN AG (HOCHDORF Swiss Nutrition AG), Bubs Australia Limited and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 46 companies featured in this Soy-Based Infant Formula market report include:
- AAK AB
- Abbott Laboratories - Abbott Nutrition
- Arla Foods amba
- BIMBOSAN AG (HOCHDORF Swiss Nutrition AG)
- Bubs Australia Limited
- Danone S.A.
- Earth`s Best (A Brand of The Hain Celestial Group, Inc)
- Enfamil (A brand of Mead Johnson & Company, LLC.)
- Fonterra Co-operative Group Ltd.
- H-E-B LP
- Hipp GmbH & Co. Vertrieb KG
- Holle Baby Food AG
- Nestlé India Ltd.
- Perrigo Nutritionals
- Wakodo (A brand of Asahi Group Foods, Ltd.)
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AAK AB
- Abbott Laboratories – Abbott Nutrition
- Arla Foods amba
- BIMBOSAN AG (HOCHDORF Swiss Nutrition AG)
- Bubs Australia Limited
- Danone S.A.
- Earth`s Best (A Brand of The Hain Celestial Group, Inc)
- Enfamil (A brand of Mead Johnson & Company, LLC.)
- Fonterra Co-operative Group Ltd.
- H-E-B LP
- Hipp GmbH & Co. Vertrieb KG
- Holle Baby Food AG
- Nestlé India Ltd.
- Perrigo Nutritionals
- Wakodo (A brand of Asahi Group Foods, Ltd.)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 373 |
| Published | July 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 305.3 Million |
| Forecasted Market Value ( USD | $ 342.1 Million |
| Compound Annual Growth Rate | 1.9% |
| Regions Covered | Global |
