Breast Milk Substitute Market
Breast Milk Substitutes Market Analysis By Formula (Cow Milk Protein, Soy-based Formula, Hydrolyzed Formula & Others) By Form (Powder & Liquid Breast Milk Substitutes) By Consumer Age, By Distribution Channel & By Region – Global Market Insights 2022 to 2032
Analysis of Breast Milk Substitute market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Breast Milk Substitute Market Outlook (2022 to 2032)
The global breast milk substitute market has reached a valuation of US$ 18.4 billion and is predicted to expand at a high-value CAGR of 9.4% to reach a market size of US$ 45.1 billion by the end of 2032.
Revenue from the sales of breast milk substitutes is estimated to account for more than 30% share of the global infant formula market.
| Report Attributes | Details |
|---|---|
| Breast Milk Substitute Market Size (2021A) | US$ 17.1 Billion |
| Estimated Market Value (2022E) | US$ 18.4 Billion |
| Forecasted Market Value (2032F) | US$ 45.1 Billion |
| Global Market Growth Rate (2022 to 2032) | ~9.4 % CAGR |
| North America Market Share (2021) | ~ 17.5% |
| East Asia Market Growth Rate (2022 to 2032) | ~ 10.7% CAGR |
| United States Market Growth Rate (2022 to 2032) | ~ 5.1% CAGR |
| Market Share of Top 5 Companies | ~37.4% |
| Key Companies Profiled | Nestle; Abbott; Danone; Fonterra; Heinz; Cow & Gate; HiPP; Kendamil; Mead Johnson Nutrition |
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Sales Analysis of Breast Milk Substitutes (2017 to 2021) Vs. Market Forecasts (2022 to 2032)
Breast milk substitutes have been in high demand among non-lactating mothers. Manufacturers’ objective of producing natural substitutes for breast milk, devoid of any additives, has helped them maintain a prominent position in the food & beverage market.
Higher birth rate in developing countries has contributed to a great extent to the use of breast milk replacement formula. Inclusion of powdered breast milk substitutes in infant diets will also boost product demand in the industry.
Consumption of breast milk substitutes by infants of different age groups increased at a compound annual growth rate of 6.4% from 2017 to 2021.
The number of women who work is on the rise. Difficult postpartum support and maternity leave policies will contribute favorably to the increased usage of breast milk substitutes over the coming years. Upsurge in spending by manufacturers to produce breast milk substitutes in various forms will majorly contribute to market growth.
- Short Term (2022 to 2025): Breast milk substitutes have great health benefits such as boosting the immune system, cognitive development, etc., for infants, which will positively impact market growth.
- Medium Term (2025 to 2028): Increase in the number of employed women globally will drive the market for breast milk substitutes.
- Long Term (2028 to 2032): Growing investments in research and development activities by key players with an objective to produce innovative breast milk substitutes will have a beneficial impact on market expansion.
According to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 9.4% CAGR between 2022 and 2032.
Market share analysis of breast milk substitutes based on formula and region. Under the formula segment, cow milk protein dominates with 63.3% market share in 2022.
What is Resulting in High Demand for Breast Milk Substitutes?
“Shift in Feeding Practices among Women to Drive Demand for Breast Milk Substitutes”
Breast milk substitutes are gaining popularity due to the4 various advantages that they provide to new mothers. Mothers who encounter lactation problems are likely to introduce their infants to breast milk substitutes that provide the nutrition and health benefits that only breast milk can provide.
- Around 50% of mothers residing in the U.S. cited insufficient milk supply as a reason to switch to breastfeeding substitutes for their kids.
In addition, employed women who face inflexibility in their work hours, lack of privacy for breastfeeding near the workplace, and limited maternity leave benefits are opting for breast milk substitutes. This has contributed to the shift from breastfeeding to the usage of breast milk substitutes among many mothers.
Owing to these above-stated reasons, there is an increasing demand for breast milk alternatives, which is creating ample opportunities for additional revenue generation in the market.
“Rising Awareness & Marketing Strategies to Increase Sales of Breast Milk Substitute Products”
Provision of breast milk substitutes along with promotional materials and baby products and maternity discharge packs is the most common marketing strategy of breast milk substitute manufacturers.
- According to a national study, 81% of U.S. mothers receive these promotional packages while they are admitted to hospitals. This percentage is estimated to increase over the coming years with the popularity of various social media platforms.
Breast milk substitutes are also introduced to new mothers via mass media, print advertisements, and others means such as home visits by health workers. This approach with the help of various social networking sites promotes breast milk substitute use for infants and will help maintain the growth trajectory of breast milk substitute sales.
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Which Factor Can Dent Breast Milk Substitute Market Expansion?
“Strict Regulations for Marketing Breast Milk Substitutes to Affect Market Growth”
With recent innovations and growing awareness about the consumption of breast milk substitutes for infant nutrition among pregnant women and mothers, key manufacturers are developing products with additional nutritional supplements. Products that are promoted by key players via various means add revenue to the company.
However, the adoption of the International Code of Marketing of Breast Milk Substitutes (IC) by the World Health Assembly (WHA) has had a negative impact on the sales of breast milk substitutes. IC prohibits unethical advertising and promotion of breast milk substitutes and encourages manufacturers to advocate the importance of safe and adequate nutrition for infants by supporting and encouraging breastfeeding among mothers.
The adoption of IC and various other acts have a direct impact on the revenue of manufacturers.
- For instance, India adopted the Infant Milk Substitutes (IMS) Act in 2003, which banned all forms of promotion of food marketed for children up to 2 years of age, as well as stopped sponsorships by infant formula companies to healthcare professionals who promote their products among new mothers.
Country-wise Insights
Will China’s Child Policy Shift Drive High Demand for Breast Milk Substitutes?
China’s breast milk substitute market is expected to reach US$ 13.0 Billion by 2032.
In August 2021, China adopted a three-child policy with the aim of increasing its declining birth rate. This major policy shift is anticipated to increase birth rates, which would have a positive impact on the breast milk substitute market in the country.
- Around 28% of Chinese mothers breastfeed their babies due to their hectic lifestyles and a short period of maternity leaves post-delivery.
The growing middle-class population, rise in the participation of women in the workforce, and increase in awareness of breast milk substitutes among Chinese parents are likely to influence the market and create a plethora of opportunities for breast milk substitute manufacturers.
Why is the United States Breast Milk Substitute Market So Lucrative?
The United States accounts for 81.2% share of the North America breast milk substitute market at present.
The prevalence of non-lactating mothers in the United States is relatively high in number than breastfeeding mothers. Moreover, a rise in the number of employed women is anticipated to boost the market for breast milk substitutes due to their hectic lifestyles. The only solution to provide their infants with nutrients that breastmilk can provide by using of breast milk substitutes.
The United States market for breast milk substitutes is expected to reach a valuation of US$ 4.1 billion by 2032.
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Category-wise Insights
Why are Breast Milk Substitutes from Cow Milk Protein Most Widely Preferred?
Commercially prepared breast milk substitutes are nutritious and also consist of nutrients that breastfed babies need to get from additional supplements. Manufacturers produce commercial formulas in an attempt to duplicate mother’s milk using raw materials that resemble breast milk in the matter of nutrients.
Among the naturally available raw materials, cow milk protein is widely used for the preparation of infant formula that acts as a breast milk substitute. Owing to the direct resemblance to breast milk as well as easier digestibility by infants, key players are using cow milk protein for the production of infant formula as a breast milk alternative.
Thus, the use of cow milk protein as a source for infant formula has increased steadily in the recent past, surpassing a market valuation of US$ 10.8 billion at the end of 2021.
Why is There Increased Consumption of the Powdered Form of Breast Milk Substitutes?
Sales of breast milk substitutes for consumption by infants are increasing rapidly. Powdered breast milk substitute is a growing segment in the overall market for infant nutrition. Being a less expensive form of breast milk alternative will drive high demand among end users over the coming years.
Use of powdered breast milk substitutes by infants is anticipated to create an absolute $ opportunity of US$ 20.9 billion by the end of the assessment period of 2022- 2032.
Competitive Landscape
Prominent breast milk substitute manufacturers are Nestle, Abbott, Heinz, Danone, Fonterra, and Kendamil.
Key manufacturers of breast milk substitute products are employing sustainable technologies as well as a safe & efficient environment for production purposes. Market players are focusing on developing new products that are designed keeping in mind the regulations and acts associated with infant nutrition.
- In July 2022, Danone launched a plant-based infant formula to meet the requirements of parents who want to include more plant-based food in their infant’s diet.
Fact.MR has provided detailed information about the price points of key manufacturers of breast milk substitutes positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Breast Milk Substitute Industry Research
-
By Formula :
- Cow Milk Protein
- Soy-based Formula
- Hydrolyzed Formula
- Others (Goat Milk, Fruits & Vegetables)
-
By Form :
- Powder
- Liquid
-
By Consumer Age :
- Below 6 Months
- 6-23 Months
-
By Distribution channel :
- Online
- Brand Websites
- e-commerce Platforms
- Offline
- Retail Stores
- Pharmacies
- Supermarkets/Hypermarkets
- Online
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Investment Feasibility Matrix
- 5. PESTLE and Porter's Analysis
- 6. Global Demand (Tons) Analysis and Forecast
- 7. Global Market - Pricing Analysis
- 8. Global Market Value (US$ Billion) Analysis and Forecast
- 9. Global Market Analysis and Forecast, By Formula
- 9.1. Cow-Milk protein
- 9.2. Soy-based Formula
- 9.3. Hydrolyzed formula
- 9.4. Others
- 10. Global Market Analysis and Forecast, By Form
- 10.1. Powder
- 10.2. Liquid
- 11. Global Market Analysis and Forecast, By Consumer Age
- 11.1. Below 6 months
- 11.2. 6-23 months
- 12. Global Market Analysis and Forecast, By Sales Channel
- 12.1. Online
- 12.1.1. Brand Websites
- 12.1.2. E-commerce platform
- 12.2. Offline
- 12.2.1. Retail stores
- 12.2.2. Pharmacy
- 12.2.3. Supermarket/Hypermarket
- 12.1. Online
- 13. Global Market Analysis and Forecast, By Region
- 13.1. North America
- 13.2. Latin America
- 13.3. Europe
- 13.4. East Asia
- 13.5. South Asia & ASEAN
- 13.6. Oceania
- 13.7. Middle East & Africa
- 14. North America Market Analysis and Forecast
- 15. Latin America Market Analysis and Forecast
- 16. Europe Market Analysis and Forecast
- 17. East Asia Market Analysis and Forecast
- 18. South Asia & ASEAN Market Analysis and Forecast
- 19. Oceania Market Analysis and Forecast
- 20. Middle East & Africa Market Analysis and Forecast
- 21. Country-level Market Analysis and Forecast
- 22. Market Structure Analysis
- 23. Competition Analysis
- 23.1. Abbott
- 23.2. Vitagermine SAS
- 23.3. Fonterra
- 23.4. Heinz
- 23.5. Danone
- 23.6. HiPP
- 23.7. Cow & Gate
- 23.8. Flowserve Corp
- 23.9. Kendamil
- 23.10. Perrigo
- 23.11. Nestle
- 23.12. Enfamil
- 23.13. Humana Inc.
- 24. Assumptions & Acronyms Used
- 25. Research Methodology
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List Of Table
Table 01: Global Market Value (USD Billion) and Forecast by Region, 2017 to 2021
Table 02: Global Market Value (USD Billion) and Forecast by Region, 2022 to 2032
Table 03: Global Market Volume (Tons) and Forecast by Region, 2017 to 2021
Table 04: Global Market Volume (Tons) and Forecast by Region, 2022 to 2032
Table 05: Global Market Value (USD Billion) and Forecast by Formula, 2017 to 2021
Table 06: Global Market Value (USD Billion) and Forecast by Formula, 2022 to 2032
Table 07: Global Market Volume (Tons) and Forecast by Formula, 2017 to 2021
Table 08: Global Market Volume (Tons) and Forecast by Formula, 2022 to 2032
Table 09: Global Market Value (USD Billion) and Forecast by Form, 2017 to 2021
Table 10: Global Market Value (USD Billion) and Forecast by Form, 2022 to 2032
Table 11: Global Market Volume (Tons) and Forecast by Form, 2017 to 2021
Table 12: Global Market Volume (Tons) and Forecast by Form, 2022 to 2032
Table 13: Global Market Value (USD Billion) and Forecast By Consumer Age, 2017 to 2021
Table 14: Global Market Value (USD Billion) and Forecast By Consumer Age, 2022 to 2032
Table 15: Global Market Volume (Tons) and Forecast By Consumer Age, 2017 to 2021
Table 16: Global Market Volume (Tons) and Forecast By Consumer Age, 2022 to 2032
Table 17: Global Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 18: Global Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 19: Global Market Volume (Tons) and Forecast by Sales Channel, 2017 to 2021
Table 20: Global Market Volume (Tons) and Forecast by Sales Channel, 2022 to 2032
Table 21: North America Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 22: North America Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 23: North America Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 24: North America Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 25: North America Market Value (USD Billion) and Forecast by Formula, 2017 to 2021
Table 26: North America Market Value (USD Billion) and Forecast by Formula, 2022 to 2032
Table 27: North America Market Volume (Tons) and Forecast by Formula, 2017 to 2021
Table 28: North America Market Volume (Tons) and Forecast by Formula, 2022 to 2032
Table 29: North America Market Value (USD Billion) and Forecast by Form, 2017 to 2021
Table 30: North America Market Value (USD Billion) and Forecast by Form, 2022 to 2032
Table 31: North America Market Volume (Tons) and Forecast by Form, 2017 to 2021
Table 32: North America Market Volume (Tons) and Forecast by Form, 2022 to 2032
Table 33: North America Market Value (USD Billion) and Forecast By Consumer Age, 2017 to 2021
Table 34: North America Market Value (USD Billion) and Forecast By Consumer Age, 2022 to 2032
Table 35: North America Market Volume (Tons) and Forecast By Consumer Age, 2017 to 2021
Table 36: North America Market Volume (Tons) and Forecast by Form, 2022 to 2032
Table 37: North America Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 38: North America Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 39: North America Market Volume (Tons) and Forecast by Sales Channel, 2017 to 2021
Table 40: North America Market Volume (Tons) and Forecast by Sales Channel, 2022 to 2032
Table 41: Latin America Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 42: Latin America Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 43: Latin America Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 44: Latin America Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 45: Latin America Market Value (USD Billion) and Forecast by Formula, 2017 to 2021
Table 46: Latin America Market Value (USD Billion) and Forecast by Formula, 2022 to 2032
Table 47: Latin America Market Volume (Tons) and Forecast by Formula, 2017 to 2021
Table 48: Latin America Market Volume (Tons) and Forecast by Formula, 2022 to 2032
Table 49: Latin America Market Value (USD Billion) and Forecast by Form, 2017 to 2021
Table 50: Latin America Market Value (USD Billion) and Forecast by Form, 2022 to 2032
Table 51: Latin America Market Volume (Tons) and Forecast by Form, 2017 to 2021
Table 52: Latin America Market Volume (Tons) and Forecast by Form, 2022 to 2032
Table 53: Latin America Market Value (USD Billion) and Forecast By Consumer Age, 2017 to 2021
Table 54: Latin America Market Value (USD Billion) and Forecast By Consumer Age, 2022 to 2032
Table 55: Latin America Market Volume (Tons) and Forecast By Consumer Age, 2017 to 2021
Table 56: Latin America Market Volume (Tons) and Forecast By Consumer Age, 2022 to 2032
Table 57: Latin America Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 58: Latin America Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 59: Latin America Market Volume (Tons) and Forecast by Sales Channel, 2017 to 2021
Table 60: Latin America Market Volume (Tons) and Forecast by Sales Channel, 2022 to 2032
Table 61: Europe Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 62: Europe Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 63: Europe Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 64: Europe Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 65: Europe Market Value (USD Billion) and Forecast by Formula, 2017 to 2021
Table 66: Europe Market Value (USD Billion) and Forecast by Formula, 2022 to 2032
Table 67: Europe Market Volume (Tons) and Forecast by Formula, 2017 to 2021
Table 68: Europe Market Volume (Tons) and Forecast by Formula, 2022 to 2032
Table 69: Europe Market Value (USD Billion) and Forecast by Form, 2017 to 2021
Table 70: Europe Market Value (USD Billion) and Forecast by Form, 2022 to 2032
Table 71: Europe Market Volume (Tons) and Forecast by Form, 2017 to 2021
Table 72: Europe Market Volume (Tons) and Forecast by Form, 2022 to 2032
Table 73: Europe Market Value (USD Billion) and Forecast By Consumer Age, 2017 to 2021
Table 74: Europe Market Value (USD Billion) and Forecast By Consumer Age, 2022 to 2032
Table 75: Europe Market Volume (Tons) and Forecast By Consumer Age, 2017 to 2021
Table 76: Europe Market Volume (Tons) and Forecast By Consumer Age, 2022 to 2032
Table 77: Europe Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 78: Europe Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 79: Europe Market Volume (Tons) and Forecast by Sales Channel, 2017 to 2021
Table 80: Europe Market Volume (Tons) and Forecast by Sales Channel, 2022 to 2032
Table 81: East Asia Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 82: East Asia Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 83: East Asia Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 84: East Asia Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 85: East Asia Market Value (USD Billion) and Forecast by Formula, 2017 to 2021
Table 86: East Asia Market Value (USD Billion) and Forecast by Formula, 2022 to 2032
Table 87: East Asia Market Volume (Tons) and Forecast by Formula, 2017 to 2021
Table 88: East Asia Market Volume (Tons) and Forecast by Formula, 2022 to 2032
Table 89: East Asia Market Value (USD Billion) and Forecast by Form, 2017 to 2021
Table 90: East Asia Market Value (USD Billion) and Forecast by Form, 2022 to 2032
Table 91: East Asia Market Volume (Tons) and Forecast by Form, 2017 to 2021
Table 92: East Asia Market Volume (Tons) and Forecast by Form, 2022 to 2032
Table 93: East Asia Market Value (USD Billion) and Forecast By Consumer Age, 2017 to 2021
Table 94: East Asia Market Value (USD Billion) and Forecast By Consumer Age, 2022 to 2032
Table 95: East Asia Market Volume (Tons) and Forecast By Consumer Age, 2017 to 2021
Table 96: East Asia Market Volume (Tons) and Forecast By Consumer Age, 2022 to 2032
Table 97: East Asia Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 98: East Asia Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 99: East Asia Market Volume (Tons) and Forecast by Sales Channel, 2017 to 2021
Table 100: East Asia Market Volume (Tons) and Forecast by Sales Channel, 2022 to 2032
Table 101: South Asia Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 102: South Asia Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 103: South Asia Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 104: South Asia Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 105: South Asia Market Value (USD Billion) and Forecast by Formula, 2017 to 2021
Table 106: South Asia Market Value (USD Billion) and Forecast by Formula, 2022 to 2032
Table 107: South Asia Market Volume (Tons) and Forecast by Formula, 2017 to 2021
Table 108: South Asia Market Volume (Tons) and Forecast by Formula, 2022 to 2032
Table 109: South Asia Market Value (USD Billion) and Forecast by Form, 2017 to 2021
Table 110: South Asia Market Value (USD Billion) and Forecast by Form, 2022 to 2032
Table 111: South Asia Market Volume (Tons) and Forecast by Form, 2017 to 2021
Table 112: South Asia Market Volume (Tons) and Forecast by Form, 2022 to 2032
Table 113: South Asia Market Value (USD Billion) and Forecast By Consumer Age, 2017 to 2021
Table 114: South Asia Market Value (USD Billion) and Forecast By Consumer Age, 2022 to 2032
Table 115: South Asia Market Volume (Tons) and Forecast By Consumer Age, 2017 to 2021
Table 116: South Asia Market Volume (Tons) and Forecast By Consumer Age, 2022 to 2032
Table 117: South Asia Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 118: South Asia Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 119: South Asia Market Volume (Tons) and Forecast by Sales Channel, 2017 to 2021
Table 120: South Asia Market Volume (Tons) and Forecast by Sales Channel, 2022 to 2032
Table 121: Oceania Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 122: Oceania Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 123: Oceania Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 124: Oceania Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 125: Oceania Market Value (USD Billion) and Forecast by Formula, 2017 to 2021
Table 126: Oceania Market Value (USD Billion) and Forecast by Formula, 2022 to 2032
Table 127: Oceania Market Volume (Tons) and Forecast by Formula, 2017 to 2021
Table 128: Oceania Market Volume (Tons) and Forecast by Formula, 2022 to 2032
Table 129: Oceania Market Value (USD Billion) and Forecast by Form, 2017 to 2021
Table 130: Oceania Market Value (USD Billion) and Forecast by Form, 2022 to 2032
Table 131: Oceania Market Volume (Tons) and Forecast by Form, 2017 to 2021
Table 132: Oceania Market Volume (Tons) and Forecast by Form, 2022 to 2032
Table 133: Oceania Market Value (USD Billion) and Forecast By Consumer Age, 2017 to 2021
Table 134: Oceania Market Value (USD Billion) and Forecast By Consumer Age, 2022 to 2032
Table 135: Oceania Market Volume (Tons) and Forecast By Consumer Age, 2017 to 2021
Table 136: Oceania Market Volume (Tons) and Forecast By Consumer Age, 2022 to 2032
Table 137: Oceania Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 138: Oceania Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 139: Oceania Market Volume (Tons) and Forecast by Sales Channel, 2017 to 2021
Table 140: Oceania Market Volume (Tons) and Forecast by Sales Channel, 2022 to 2032
Table 141: MEA Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 142: MEA Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 143: MEA Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 144: MEA Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 145: MEA Market Value (USD Billion) and Forecast by Formula, 2017 to 2021
Table 146: MEA Market Value (USD Billion) and Forecast by Formula, 2022 to 2032
Table 147: MEA Market Volume (Tons) and Forecast by Formula, 2017 to 2021
Table 148: MEA Market Volume (Tons) and Forecast by Formula, 2022 to 2032
Table 149: MEA Market Value (USD Billion) and Forecast by Form, 2017 to 2021
Table 150: MEA Market Value (USD Billion) and Forecast by Form, 2022 to 2032
Table 151: MEA Market Volume (Tons) and Forecast by Form, 2017 to 2021
Table 152: MEA Market Volume (Tons) and Forecast by Form, 2022 to 2032
Table 153: MEA Market Value (USD Billion) and Forecast By Consumer Age, 2017 to 2021
Table 154: MEA Market Value (USD Billion) and Forecast By Consumer Age, 2022 to 2032
Table 155: MEA Market Volume (Tons) and Forecast By Consumer Age, 2017 to 2021
Table 156: MEA Market Volume (Tons) and Forecast By Consumer Age, 2022 to 2032
Table 157: MEA Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 158: MEA Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 159: MEA Market Volume (Tons) and Forecast by Sales Channel, 2017 to 2021
Table 160: MEA Market Volume (Tons) and Forecast by Sales Channel, 2022 to 2032
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List Of Figures
Figure 01: Global Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 02: Global Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 03: Global Market Value (USD Billion) and Volume (Tons) by Region, 2022 & 2032
Figure 04: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05: Global Market Value (USD Billion) and Volume (Tons) by Formula, 2022 & 2032
Figure 06: Global Market Y-o-Y Growth Rate by Formula, 2022 to 2032
Figure 07: Global Market Value (USD Billion) and Volume (Tons) by Form, 2022 & 2032
Figure 08: Global Market Y-o-Y Growth Rate by Form, 2022 to 2032
Figure 09: Global Market Value (USD Billion) and Volume (Tons) By Consumer Age, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Rate By Consumer Age, 2022 to 2032
Figure 11: Global Market Value (USD Billion) and Volume (Tons) by Sales Channel, 2022 & 2032
Figure 12: Global Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 13: North America Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 14: North America Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 15: North America Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032
Figure 16: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 17: North America Market Value (USD Billion) and Volume (Tons) by Formula, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Rate by Formula, 2022 to 2032
Figure 19: North America Market Value (USD Billion) and Volume (Tons) by Form, 2022 & 2032
Figure 20: North America Market Y-o-Y Growth Rate by Form, 2022 to 2032
Figure 21: North America Market Value (USD Billion) and Volume (Tons) By Consumer Age, 2022 & 2032
Figure 22: North America Market Y-o-Y Growth Rate By Consumer Age, 2022 to 2032
Figure 23: North America Market Value (USD Billion) and Volume (Tons) by Sales Channel, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 25: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 26: North America Market Attractiveness Analysis by Formula, 2022 to 2032
Figure 27: North America Market Attractiveness Analysis by Form, 2022 to 2032
Figure 28: North America Market Attractiveness Analysis By Consumer Age, 2022 to 2032
Figure 29: North America Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 30: Latin America Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 31: Latin America Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 32: Latin America Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032
Figure 33: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 34: Latin America Market Value (USD Billion) and Volume (Tons) by Formula, 2022 & 2032
Figure 35: Latin America Market Y-o-Y Growth Rate by Formula, 2022 to 2032
Figure 36: Latin America Market Value (USD Billion) and Volume (Tons) by Form, 2022 & 2032
Figure 37: Latin America Market Y-o-Y Growth Rate by Form, 2022 to 2032
Figure 38: Latin America Market Value (USD Billion) and Volume (Tons) By Consumer Age, 2022 & 2032
Figure 39: Latin America Market Y-o-Y Growth Rate By Consumer Age, 2022 to 2032
Figure 40: Latin America Market Value (USD Billion) and Volume (Tons) by Sales Channel, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 42: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Attractiveness Analysis by Formula, 2022 to 2032
Figure 44: Latin America Market Attractiveness Analysis by Form, 2022 to 2032
Figure 45: Latin America Market Attractiveness Analysis By Consumer Age, 2022 to 2032
Figure 46: Latin America Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 47: Europe Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 48: Europe Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 49: Europe Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032
Figure 50: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 51: Europe Market Value (USD Billion) and Volume (Tons) by Formula, 2022 & 2032
Figure 52: Europe Market Y-o-Y Growth Rate by Formula, 2022 to 2032
Figure 53: Europe Market Value (USD Billion) and Volume (Tons) by Form, 2022 & 2032
Figure 54: Europe Market Y-o-Y Growth Rate by Form, 2022 to 2032
Figure 55: Europe Market Value (USD Billion) and Volume (Tons) By Consumer Age, 2022 & 2032
Figure 56: Europe Market Y-o-Y Growth Rate By Consumer Age, 2022 to 2032
Figure 57: Europe Market Value (USD Billion) and Volume (Tons) by Sales Channel, 2022 & 2032
Figure 58: Europe Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 59: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 60: Europe Market Attractiveness Analysis by Formula, 2022 to 2032
Figure 61: Europe Market Attractiveness Analysis by Form, 2022 to 2032
Figure 62: Europe Market Attractiveness Analysis By Consumer Age, 2022 to 2032
Figure 63: Europe Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 64: East Asia Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 65: East Asia Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 66: East Asia Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032
Figure 67: East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 68: East Asia Market Value (USD Billion) and Volume (Tons) by Formula, 2022 & 2032
Figure 69: East Asia Market Y-o-Y Growth Rate by Formula, 2022 to 2032
Figure 70: East Asia Market Value (USD Billion) and Volume (Tons) by Form, 2022 & 2032
Figure 71: East Asia Market Y-o-Y Growth Rate by Form, 2022 to 2032
Figure 72: East Asia Market Value (USD Billion) and Volume (Tons) By Consumer Age, 2022 & 2032
Figure 73: East Asia Market Y-o-Y Growth Rate By Consumer Age, 2022 to 2032
Figure 74: East Asia Market Value (USD Billion) and Volume (Tons) by Sales Channel, 2022 & 2032
Figure 75: East Asia Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 76: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 77: East Asia Market Attractiveness Analysis by Formula, 2022 to 2032
Figure 78: East Asia Market Attractiveness Analysis by Form, 2022 to 2032
Figure 79: East Asia Market Attractiveness Analysis By Consumer Age, 2022 to 2032
Figure 80: East Asia Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 81: South Asia Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 82: South Asia Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 83: South Asia Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032
Figure 84: South Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 85: South Asia Market Value (USD Billion) and Volume (Tons) by Formula, 2022 & 2032
Figure 86: South Asia Market Y-o-Y Growth Rate by Formula, 2022 to 2032
Figure 87: South Asia Market Value (USD Billion) and Volume (Tons) by Form, 2022 & 2032
Figure 88: South Asia Market Y-o-Y Growth Rate by Form, 2022 to 2032
Figure 89: South Asia Market Value (USD Billion) and Volume (Tons) By Consumer Age, 2022 & 2032
Figure 90: South Asia Market Y-o-Y Growth Rate By Consumer Age, 2022 to 2032
Figure 91: South Asia Market Value (USD Billion) and Volume (Tons) by Sales Channel, 2022 & 2032
Figure 92: South Asia Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 93: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 94: South Asia Market Attractiveness Analysis by Formula, 2022 to 2032
Figure 95: South Asia Market Attractiveness Analysis by Form, 2022 to 2032
Figure 96: South Asia Market Attractiveness Analysis By Consumer Age, 2022 to 2032
Figure 97: South Asia Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 98: Oceania Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 99: Oceania Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 100: Oceania Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032
Figure 101: Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 102: Oceania Market Value (USD Billion) and Volume (Tons) by Formula, 2022 & 2032
Figure 103: Oceania Market Y-o-Y Growth Rate by Formula, 2022 to 2032
Figure 104: Oceania Market Value (USD Billion) and Volume (Tons) by Form, 2022 & 2032
Figure 105: Oceania Market Y-o-Y Growth Rate by Form, 2022 to 2032
Figure 106: Oceania Market Value (USD Billion) and Volume (Tons) By Consumer Age, 2022 & 2032
Figure 107: Oceania Market Y-o-Y Growth Rate By Consumer Age, 2022 to 2032
Figure 108: Oceania Market Value (USD Billion) and Volume (Tons) by Sales Channel, 2022 & 2032
Figure 109: Oceania Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 110: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 111: Oceania Market Attractiveness Analysis by Formula, 2022 to 2032
Figure 112: Oceania Market Attractiveness Analysis by Form, 2022 to 2032
Figure 113: Oceania Market Attractiveness Analysis By Consumer Age, 2022 to 2032
Figure 114: Oceania Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 115: MEA Market Value (USD Billion) and Volume (Tons) Forecast, 2022 to 2032
Figure 116: MEA Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 117: MEA Market Value (USD Billion) and Volume (Tons) by Country, 2022 & 2032
Figure 118: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 119: MEA Market Value (USD Billion) and Volume (Tons) by Formula, 2022 & 2032
Figure 120: MEA Market Y-o-Y Growth Rate by Formula, 2022 to 2032
Figure 121: MEA Market Value (USD Billion) and Volume (Tons) by Form, 2022 & 2032
Figure 122: MEA Market Y-o-Y Growth Rate by Form, 2022 to 2032
Figure 123: MEA Market Value (USD Billion) and Volume (Tons) By Consumer Age, 2022 & 2032
Figure 124: MEA Market Y-o-Y Growth Rate By Consumer Age, 2022 to 2032
Figure 125: MEA Market Value (USD Billion) and Volume (Tons) by Sales Channel, 2022 & 2032
Figure 126: MEA Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 127: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 128: MEA Market Attractiveness Analysis by Formula, 2022 to 2032
Figure 129: MEA Market Attractiveness Analysis by Form, 2022 to 2032
Figure 130: MEA Market Attractiveness Analysis By Consumer Age, 2022 to 2032
Figure 131: MEA Market Attractiveness Analysis by Sales Channel, 2022 to 2032
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- FAQs -
How big is the global market for breast milk substitutes?
The global breast milk substitute market is valued at US$ 18.4 billion.
How is the market expected to fare going forward?
Worldwide demand for breast milk substitutes is anticipated to reach US$ 45.1 Billion by 2032.
How did the market perform over the past few years?
From 2017 to 2021, sales of breast milk substitutes increased at 6.4 % CAGR.
Which regional market is being eyed by breast milk substitute manufacturers?
East Asia leads the global breast milk substitute market with 37.9% market share.
Which breast milk substitute formula holds the highest market share?
Cow-milk protein accounts for 63.3% share of the global market at present.
Breast Milk Substitute Market