Soy-based Formula Breast Milk Substitute Market
Soy-based Formula Breast Milk Substitute Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Soy-based Formula Breast Milk Substitute Market Size and Growth
The soy-based formula breast milk substitute market is experiencing significant growth, driven by rising lactose intolerance awareness and growing veganism. The market size reached approximately $2.5 billion in 2023, with forecasts predicting continued expansion as consumer preferences shift towards plantbased alternatives, offering opportunities for innovation and product diversification. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Danone
◍ Nestle
◍ Abbott Nutrition
◍ Mead Johnson (Reckitt Benckiser)
◍ Kraft Heinz
The Soy-based Formula Breast Milk Substitute Market features key players like Danone, Nestlé, Abbott Nutrition, Mead Johnson (Reckitt Benckiser), and Kraft Heinz, leveraging innovations and marketing to expand their offerings. In 2021, Abbott reported $19 billion in nutrition sales, while Danone reached approximately $27 billion in baby food sales. Request Sample Report
Market Segmentation
By Application
Pharmacies
Retail Stores
Others
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By Product
Powdered
Concentrated Liquid
Ready-to-use
Market Growth
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$ X Billion USD
