- Soy-based infant formulas, offering a plant-based alternative to traditional dairy-based options, are increasingly essential in infant nutrition for children with lactose intolerance, cow milk allergies, or dietary restrictions, providing complete nutritional support during early developmental stages
- The escalating demand for soy-based formulas is primarily driven by growing awareness of food allergies, increasing preference for vegan and allergen-friendly options, and rising recommendations from healthcare professionals for specialized infant nutrition
- Asia-Pacific dominated the soy based infant formula market with a share of 45.5% in 2024, due to a rapidly growing infant population, increasing awareness of infant nutrition, and rising cases of lactose intolerance and milk allergies across emerging economies
- North America is expected to be the fastest growing region in the soy based infant formula market during the forecast period due to increasing lactose intolerance prevalence and rising vegan and vegetarian populations.
- Powder segment dominated the market with a market share of 65.5% in 2024, due to its longer shelf life, ease of storage, and cost-effectiveness. Powdered soy-based formulas are preferred by consumers seeking value and convenience, particularly in regions with limited access to refrigeration or consistent supply chains
Frequently Asked Questions
The major factor driving the growth of the soy based infant formula market is growing awareness about plant-based diets.
The primary challenge includes price sensitivity of soy formulas.
China is expected to dominate the global soy based infant formula market, particularly in the Asia-Pacific region. This dominance is attributed to its large infant population and rising urbanization.
Asia-Pacific is expected to dominate the global soy based infant formula market with a share of 45.5%b in 2024, driven by a rapidly growing infant population, increasing awareness of infant nutrition, and rising cases of lactose intolerance and milk allergies across emerging economies.
India is expected to witness the highest CAGR in the soy based infant formula market. This growth is driven by ts large and growing infant population, increasing awareness about infant nutrition and allergies, rising disposable incomes, expanding retail and e-commerce channels, and improving healthcare infrastructure across urban and semi-urban regions.
