Global Soy-based Infant Formula Market - Forecast(2024 - 2030)
Global Soy-based Infant Formula Market Overview
Global Soy-based Infant Formula Market size is estimated to reach $352.6 million by 2027, growing at a CAGR of 3.5% during the forecast period 2022-2027.
Soy-based formula is an infant food prepared by utilizing soy protein and additional
constituents. It is given to infants as an addition or substitute for human
milk or cow milk formula. Soy-based formulas offer an alternative for infants who have
Galactosemia and are not able to securely partake in breast milk or milk-based
formulas. While most infants are born with the enzyme lactase and are capable
of cracking down proteins from milk sources, a very tiny percentage cannot. Infant formulas based
on soybean protein isolate are frequently utilized as an option to cows'-based
formulas. However, the existence of phytic acid in soy formulas has raised
concerns regarding the intake of trace elements and minerals from these
products. Soy infant formula includes
soaring levels of the isoflavones, genistein, and daidzein, which are typically
referred to as phytoestrogens. These are non-steroidal chemicals with fundamental
likenesses to estrogen. Infants consuming soy formula have soaring levels of
circulating isoflavones. Trypsin inhibitor levels in uncooked soybeans, soy protein isolates and
concentrates, and ready-to-feed, concentrate, and powder forms of soy-based
infant formulas were assessed by two changes of the standard enzymatic technique
for trypsin inhibitor determination. Levels were typically greater succeeding
sodium hydroxide extraction in comparison with glycine-buffered extraction.
The surging inclination of consumers towards vegan and vegetarian diets,
removing animal protein involving enzyme lactase from their babies’ diet is set
to drive the Global Soy-based Infant Formula Market. The rising occurrences of
allergy to cow’s milk among infants is set to propel the growth of the Global
Soy-based Infant Formula Market during the forecast period 2022-2027. This
represents the Global Soy-based Infant Formula Industry Outlook.
Report Coverage
The report: “Global Soy-based Infant Formula
Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth
analysis of the following segments of the Global Soy-based Infant Formula Market.
By Age Group: 0-6 Months Baby, 6-12 Months
Baby, 12-36 Months Baby.
By Type: Low-Fat-Soy-Based
Infant Formula, Whole-Fat-Soy-Based Infant Formula.
By Distribution Channel: Offline Mode, Online Mode.
By Geography: North
America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain,
Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India,
Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil,
Argentina, Chile, Colombia, Rest of South America), and Rest Of The World
(Middle East, Africa).
Key Takeaways
- Geographically, Asia-Pacific Global Soy-based Infant Formula Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the soaring intake of soy-based products like soy-based infant formula including phytoestrogens in countries like China, India, Japan, South Korea and Hong Kong in the Asia-Pacific region.
- Global Soy-based Infant Formula Market growth is being driven by the increasing predominance of lactose intolerance and the surging inclination of customers to eliminate animal proteins from their babies’ diet by incorporating soy-based infant formula including phytoestrogens in the babies’ diet. However, in cases of Food Protein-Induced Enterocolitis Syndrome, Food Protein-Induced Enteropathy, Proctocolitis, and Infantile Colic, soy formula may bring about bleeding in a massive subset of infants responding to cows’ milk owing to up to 40% of infants responding to both foods. and this is one of the major factors hampering the growth of the Global Soy-based Infant Formula Market.
- Global Soy-based Infant Formula Market Detailed Analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Soy-based Infant Formula Market report.
The Global Soy-based Infant
Formula Market based on type can be further segmented into Low-Fat-Soy-Based Infant Formula and Whole-Fat-Soy-Based Infant Formula. The Low-Fat-Soy-Based
Infant Formula Segment held
the largest market share in 2021. This growth is owing to the heightened
application of Low-Fat-Soy-Based Infant Formula in infant nutrition with the
weight of the infant being under control. Soy-based Infant Formula includes
phytoestrogens. The surging application of low-fat-soy-based infant formula
with the fat content being attributed to vegetable oils is further propelling
the growth of the Low-Fat-Soy-Based Infant Formula segment.
Furthermore, the Whole-Fphyat-Soy-Based Infant Formula segment is
estimated to grow with the fastest CAGR of 4.5% during the forecast period 2022-2027
owing to the extensive application of the Whole-Fat-Soy-Based Infant Formula
form of Global Soy-based Infant Formula including phytoestrogens for infants
who may be underweight and require to put on weight.
Global
Soy-based Infant Formula Market Segment Analysis – By Distribution Channel:
The Global Soy-based
Infant Formula Market based on distribution channel can be further segmented
into Offline Mode and Online
Mode. The Online
Mode Segment held the
largest market share in 2021. This growth is
owing to the effortless availability of different soy-based infant
formulas marketed by different brands on e-commerce websites with easy payment
options and home delivery options at just a click of the button, at the
fingertips of the user. Soy-based Infant Formula includes phytoestrogens. The
surging online presence of key players is further propelling the growth of this
segment.
Furthermore, the Offline Mode segment is
estimated to grow with the fastest CAGR of 4.1% during the forecast period 2022-2027 owing to the proliferating
inclination of customers worldwide to resume normal life post the pandemic
characterized by pleasurable shopping trips to supermarkets and hypermarkets
offline where soy-based infant formula including phytoestrogens is readily
physically available for a quick look by the buyers.
Global Soy-based Infant Formula Market Segment Analysis – By Geography:
The Global Soy-based
Infant Formula Market based on geography can be further segmented into North
America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific
(Global Soy-based Infant Formula Market) held the largest share with 45% of the
overall market in 2021. The growth of this region is owing to the soaring awareness of soy-based infant formula and surging per-capita
income in nations like India and China in the Asia-Pacific region. Soy-based Infant Formula includes
phytoestrogens. The proliferating penetration of e-commerce by way of the internet
resulting in effortless accessibility of soy-based infant formula is further propelling
the growth of the Global Soy-based Infant Formula Market in the Asia-Pacific
region.
Furthermore, the North America region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like elevated application of soy-based infant formula including phytoestrogens in infant nutrition in the North American region. The heightening count of working mothers in nations like the U.S. coupled with the impact of the right nutrition on the complete growth of the baby is further fuelling the progress of the Global Soy-based Infant Formula Market in the North American region.
Global Soy-based Infant Formula Market Drivers
Surging Benefits Of Soy-based Infant Formula Are Projected To Drive The Growth Of Market:
Soy infant formulas are presently partaken by 20-25 percent of formula-fed infants in America. Soy is the treasure of nature, specifically for people who cannot endure cow’s milk. It includes vital nutrients like cow’s milk inclusive of protein, calcium, B vitamins, iron, and zinc. Dissimilar to cow’s milk, soy formula is very reduced in saturated fat and is cholesterol-free. Soy is an excellent and organic source of vital nutrients which are necessary for the development and complete health. Populations with diets soaring in soy protein and reduced in animal protein have been recorded to have lesser hazards of prostate and breast cancers than additional populations. It is well recognized that soy offers an entire source of high-quality dietary proteins. It is typically partaken by vegetarians and children and mature grown-ups who cannot tolerate animal protein, inclusive of cow milk. Infants partaking in soy formula have soaring levels of circulating isoflavones which are phytoestrogens. The surging benefits of Soy-based Infant Formula are therefore fuelling the growth of the Global Soy-based Infant Formula Market during the forecast period 2022-2027.
Surging Applications Of Soy-based Infant Formula Are Expected To Boost The Demand For Soy-based Infant Formula:
Soy-based infant formulas usually have protein contents of 1.65-1.9 g/100 mL. Soy can be a life-saver for babies who exhibit lactose intolerance and need a non-milk-based formula. Furthermore, it is effortless to digest and therefore soy s a gentle, plant-based alternative that can be a perfect option for sensitive stomachs. Numerous newborns have fussiness and gas, which can be relieved by utilizing a soy formula. The soy formula includes phytoestrogens. Earth’s Finest Non-GMO Plant Based Infant Formula is the most excellent soy formula on the market. Numerous parents assert that changing to soy-based infant formula has reduced or removed the constipation of their baby. Soy formula is a dairy-free option that permits the user to avert backing the unethical dairy business. The surging applications of soy-based infant formula are therefore driving the growth of the Global Soy-based Infant Formula Market during the forecast period 2022-2027.
Global Soy-based Infant Formula Market Challenges
Existence Of Phytoestrogens In Soy Formula Is Challenging The Growth Of The Global Soy-based Infant Formula Market:
Though currently, there is no concrete proof that phytoestrogens have toxic impacts in human infants who are given a diet of soy formula, concern has been raised from research performed in vitro and in animal investigations. Phytoestrogens are plant-extracted substances with estrogenic action. Soy-based infant formulas include phytoestrogens of the isoflavone class, which involves genistein, daidzein, and glycitein. These isoflavones are comparatively feeble estrogens, with nearly 1/1000 to 1/10,000 of the potency of estradiol in the rodent uterotrophic assay – the ‘gold standard' for determining estrogenic activity in experimental animals. However, they are existing in comparatively massive quantities in soy-based formulas, such that the total isoflavone content is nearly 40 microgram/mL in ready-to-use soy formulas. Infants who partake in these products have isoflavone plasma concentrations of nearly 13,000 to 22,000 times higher than their estradiol plasma concentrations. Contrarily, the plasma concentrations of isoflavones in infants who are given cow’s milk formula or breast milk are only 50 to 200 times higher than their estradiol plasma concentrations. There is concern that these isoflavones may imitate the activities of estradiol or change estradiol metabolism, and subsequently change the processes influenced by estradiol. These issues are thus hampering the growth of the Global Soy-based Infant Formula Market.
Global Soy-based Infant Formula Industry Outlook:
Product launches, mergers and acquisitions, partnerships, production, and geographical expansions are key strategies adopted by players in the Global Soy-based Infant Formula Market. Key companies in this market are:
- Abbott Laboratories – Abbott Nutrition
- Nestle S.A.
- Baby's Only
- Earth's Best
- Karicare
- Wakodo
- Asahi Group Foods
- BIMBOSAN AG
- Mead Johnson & Company, LLC
- Danone S.A.
Recent Developments
- In September 2021, Bunge declared its plant-based lipids business, Bunge Loders Croklaan, introduced Betapol Organic, the earliest China and EU Certified Organic OPO (oleic-palmitic-oleic or SN-2 palmitate) for infant milk formula (IMF). Encouraged by the organic composition of human breast milk, Betapol Organic is the most recent offering in the firm’s infant nutrition portfolio. Next to infant milk formula constituents, Bunge Loders Croklaan is developing its organic portfolio, providing a stable and scalable supply chain of organic oils and fats, ranging from sunflower, rapeseed, soy, and palm to shea and coconut.
- In March 2021, Danone planned to introduce formula milk in pre-assessed tab formats in the U.K. Consequent to a partnership with Japanese food maker Meiji, the move responds to parents’ demands for higher convenience and ease when making formula milk feeds. The tabs will further be accessible exclusively by way of the U.K. health and beauty retailer Boots under the Aptamil brand.
Related Reports:
Global Organic Infant Formula Market
Report Code: FBR 62047
Global Baby Food And Infant Formula Market
Report Code: FBR 81764
Global Infant Formula Milk Powder Market
Report Code: FBR 86509
For more Food and Beverage Market related reports, please click here
LIST OF TABLES
1.Global Key Manufacturers Market 2023-2030 ($M)1.1 Baby's Only Market 2023-2030 ($M) - Global Industry Research
1.2 Earth's Best Market 2023-2030 ($M) - Global Industry Research
1.3 Karicare Market 2023-2030 ($M) - Global Industry Research
1.4 Wakodo Market 2023-2030 ($M) - Global Industry Research
1.5 Wyeth Market 2023-2030 ($M) - Global Industry Research
1.6 Bimbosan Market 2023-2030 ($M) - Global Industry Research
1.7 Nestle Market 2023-2030 ($M) - Global Industry Research
1.8 Sanyuan Market 2023-2030 ($M) - Global Industry Research
2.Global Market by Type Market 2023-2030 ($M)
2.1 Stage Market 2023-2030 ($M) - Global Industry Research
2.1.1 Stage 1 Market 2023-2030 ($M)
2.2 Stage Market 2023-2030 ($M) - Global Industry Research
2.2.1 Stage 2 Market 2023-2030 ($M)
2.3 Stage Market 2023-2030 ($M) - Global Industry Research
2.3.1 Stage 3 Market 2023-2030 ($M)
2.4 Toddler Baby Market 2023-2030 ($M) - Global Industry Research
3.Global Key Manufacturers Market 2023-2030 (Volume/Units)
3.1 Baby's Only Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Earth's Best Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Karicare Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Wakodo Market 2023-2030 (Volume/Units) - Global Industry Research
3.5 Wyeth Market 2023-2030 (Volume/Units) - Global Industry Research
3.6 Bimbosan Market 2023-2030 (Volume/Units) - Global Industry Research
3.7 Nestle Market 2023-2030 (Volume/Units) - Global Industry Research
3.8 Sanyuan Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Market by Type Market 2023-2030 (Volume/Units)
4.1 Stage Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 Stage 1 Market 2023-2030 (Volume/Units)
4.2 Stage Market 2023-2030 (Volume/Units) - Global Industry Research
4.2.1 Stage 2 Market 2023-2030 (Volume/Units)
4.3 Stage Market 2023-2030 (Volume/Units) - Global Industry Research
4.3.1 Stage 3 Market 2023-2030 (Volume/Units)
4.4 Toddler Baby Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Key Manufacturers Market 2023-2030 ($M)
5.1 Baby's Only Market 2023-2030 ($M) - Regional Industry Research
5.2 Earth's Best Market 2023-2030 ($M) - Regional Industry Research
5.3 Karicare Market 2023-2030 ($M) - Regional Industry Research
5.4 Wakodo Market 2023-2030 ($M) - Regional Industry Research
5.5 Wyeth Market 2023-2030 ($M) - Regional Industry Research
5.6 Bimbosan Market 2023-2030 ($M) - Regional Industry Research
5.7 Nestle Market 2023-2030 ($M) - Regional Industry Research
5.8 Sanyuan Market 2023-2030 ($M) - Regional Industry Research
6.North America Market by Type Market 2023-2030 ($M)
6.1 Stage Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Stage 1 Market 2023-2030 ($M)
6.2 Stage Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Stage 2 Market 2023-2030 ($M)
6.3 Stage Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Stage 3 Market 2023-2030 ($M)
6.4 Toddler Baby Market 2023-2030 ($M) - Regional Industry Research
7.South America Key Manufacturers Market 2023-2030 ($M)
7.1 Baby's Only Market 2023-2030 ($M) - Regional Industry Research
7.2 Earth's Best Market 2023-2030 ($M) - Regional Industry Research
7.3 Karicare Market 2023-2030 ($M) - Regional Industry Research
7.4 Wakodo Market 2023-2030 ($M) - Regional Industry Research
7.5 Wyeth Market 2023-2030 ($M) - Regional Industry Research
7.6 Bimbosan Market 2023-2030 ($M) - Regional Industry Research
7.7 Nestle Market 2023-2030 ($M) - Regional Industry Research
7.8 Sanyuan Market 2023-2030 ($M) - Regional Industry Research
8.South America Market by Type Market 2023-2030 ($M)
8.1 Stage Market 2023-2030 ($M) - Regional Industry Research
8.1.1 Stage 1 Market 2023-2030 ($M)
8.2 Stage Market 2023-2030 ($M) - Regional Industry Research
8.2.1 Stage 2 Market 2023-2030 ($M)
8.3 Stage Market 2023-2030 ($M) - Regional Industry Research
8.3.1 Stage 3 Market 2023-2030 ($M)
8.4 Toddler Baby Market 2023-2030 ($M) - Regional Industry Research
9.Europe Key Manufacturers Market 2023-2030 ($M)
9.1 Baby's Only Market 2023-2030 ($M) - Regional Industry Research
9.2 Earth's Best Market 2023-2030 ($M) - Regional Industry Research
9.3 Karicare Market 2023-2030 ($M) - Regional Industry Research
9.4 Wakodo Market 2023-2030 ($M) - Regional Industry Research
9.5 Wyeth Market 2023-2030 ($M) - Regional Industry Research
9.6 Bimbosan Market 2023-2030 ($M) - Regional Industry Research
9.7 Nestle Market 2023-2030 ($M) - Regional Industry Research
9.8 Sanyuan Market 2023-2030 ($M) - Regional Industry Research
10.Europe Market by Type Market 2023-2030 ($M)
10.1 Stage Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Stage 1 Market 2023-2030 ($M)
10.2 Stage Market 2023-2030 ($M) - Regional Industry Research
10.2.1 Stage 2 Market 2023-2030 ($M)
10.3 Stage Market 2023-2030 ($M) - Regional Industry Research
10.3.1 Stage 3 Market 2023-2030 ($M)
10.4 Toddler Baby Market 2023-2030 ($M) - Regional Industry Research
11.APAC Key Manufacturers Market 2023-2030 ($M)
11.1 Baby's Only Market 2023-2030 ($M) - Regional Industry Research
11.2 Earth's Best Market 2023-2030 ($M) - Regional Industry Research
11.3 Karicare Market 2023-2030 ($M) - Regional Industry Research
11.4 Wakodo Market 2023-2030 ($M) - Regional Industry Research
11.5 Wyeth Market 2023-2030 ($M) - Regional Industry Research
11.6 Bimbosan Market 2023-2030 ($M) - Regional Industry Research
11.7 Nestle Market 2023-2030 ($M) - Regional Industry Research
11.8 Sanyuan Market 2023-2030 ($M) - Regional Industry Research
12.APAC Market by Type Market 2023-2030 ($M)
12.1 Stage Market 2023-2030 ($M) - Regional Industry Research
12.1.1 Stage 1 Market 2023-2030 ($M)
12.2 Stage Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Stage 2 Market 2023-2030 ($M)
12.3 Stage Market 2023-2030 ($M) - Regional Industry Research
12.3.1 Stage 3 Market 2023-2030 ($M)
12.4 Toddler Baby Market 2023-2030 ($M) - Regional Industry Research
13.MENA Key Manufacturers Market 2023-2030 ($M)
13.1 Baby's Only Market 2023-2030 ($M) - Regional Industry Research
13.2 Earth's Best Market 2023-2030 ($M) - Regional Industry Research
13.3 Karicare Market 2023-2030 ($M) - Regional Industry Research
13.4 Wakodo Market 2023-2030 ($M) - Regional Industry Research
13.5 Wyeth Market 2023-2030 ($M) - Regional Industry Research
13.6 Bimbosan Market 2023-2030 ($M) - Regional Industry Research
13.7 Nestle Market 2023-2030 ($M) - Regional Industry Research
13.8 Sanyuan Market 2023-2030 ($M) - Regional Industry Research
14.MENA Market by Type Market 2023-2030 ($M)
14.1 Stage Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Stage 1 Market 2023-2030 ($M)
14.2 Stage Market 2023-2030 ($M) - Regional Industry Research
14.2.1 Stage 2 Market 2023-2030 ($M)
14.3 Stage Market 2023-2030 ($M) - Regional Industry Research
14.3.1 Stage 3 Market 2023-2030 ($M)
14.4 Toddler Baby Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)2.Canada Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
3.Mexico Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
4.Brazil Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
5.Argentina Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
6.Peru Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
7.Colombia Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
8.Chile Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
10.UK Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
11.Germany Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
12.France Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
13.Italy Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
14.Spain Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
16.China Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
17.India Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
18.Japan Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
19.South Korea Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
20.South Africa Global Soy-based Infant Formula Market Revenue, 2023-2030 ($M)
21.North America Global Soy-based Infant Formula By Application
22.South America Global Soy-based Infant Formula By Application
23.Europe Global Soy-based Infant Formula By Application
24.APAC Global Soy-based Infant Formula By Application
25.MENA Global Soy-based Infant Formula By Application