Breastmilk substitute (BMS): any food being marketed or otherwise represented as a partial or total replacement for breastmilk, whether or not suitable for that purpose.

The latest research study released by Market IntelliX evaluates market size and forecasts of Soy-based Formula Breast Milk Substitute in global, including the following market information:

Global Soy-based Formula Breast Milk Substitute Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Soy-based Formula Breast Milk Substitute Market Sales, 2017-2022, 2023-2028, (K MT)

Global top five Soy-based Formula Breast Milk Substitute companies in 2021 (%)

The global Soy-based Formula Breast Milk Substitute market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Powdered Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Soy-based Formula Breast Milk Substitute include Danone, Nestle, Abbott Nutrition, Mead Johnson (Reckitt Benckiser) and Kraft Heinz, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MI has surveyed the Soy-based Formula Breast Milk Substitute manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Market Segmentations:

Global Soy-based Formula Breast Milk Substitute Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Soy-based Formula Breast Milk Substitute Market Segment Percentages, by Type, 2021 (%)

Powdered

Concentrated Liquid

Ready-to-use

Global Soy-based Formula Breast Milk Substitute Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Soy-based Formula Breast Milk Substitute Market Segment Percentages, by Application, 2021 (%)

Pharmacies

Retail Stores

Others

Global Soy-based Formula Breast Milk Substitute Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)

Global Soy-based Formula Breast Milk Substitute Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Soy-based Formula Breast Milk Substitute revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Soy-based Formula Breast Milk Substitute revenues share in global market, 2021 (%)

Key companies Soy-based Formula Breast Milk Substitute sales in global market, 2017-2022 (Estimated), (K MT)

Key companies Soy-based Formula Breast Milk Substitute sales share in global market, 2021 (%)

The report presents profiles of competitors in the market, Some of the prominent key players covered:

Danone

Nestle

Abbott Nutrition

Mead Johnson (Reckitt Benckiser)

Kraft Heinz

Key Takeaways from this Report

Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.

Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.

Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

Analyze the sales and distribution channels across key geographies to improve top-line revenues.

Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

1 Introduction to Research & Analysis Reports

1.1 Soy-based Formula Breast Milk Substitute Market Definition

1.2 Market Segments

1.2.1 Market by Type

1.2.2 Market by Application

1.3 Global Soy-based Formula Breast Milk Substitute Market Overview

1.4 Features & Benefits of This Report

1.5 Methodology & Sources of Information

1.5.1 Research Methodology

1.5.2 Research Process

1.5.3 Base Year

1.5.4 Report Assumptions & Caveats

2 Global Soy-based Formula Breast Milk Substitute Overall Market Size

2.1 Global Soy-based Formula Breast Milk Substitute Market Size: 2021 VS 2028

2.2 Global Soy-based Formula Breast Milk Substitute Revenue, Prospects & Forecasts: 2017-2028

2.3 Global Soy-based Formula Breast Milk Substitute Sales: 2017-2028

3 Company Landscape

3.1 Top Soy-based Formula Breast Milk Substitute Players in Global Market

3.2 Top Global Soy-based Formula Breast Milk Substitute Companies Ranked by Revenue

3.3 Global Soy-based Formula Breast Milk Substitute Revenue by Companies

3.4 Global Soy-based Formula Breast Milk Substitute Sales by Companies

3.5 Global Soy-based Formula Breast Milk Substitute Price by Manufacturer (2017-2022)

3.6 Top 3 and Top 5 Soy-based Formula Breast Milk Substitute Companies in Global Market, by Revenue in 2021

3.7 Global Manufacturers Soy-based Formula Breast Milk Substitute Product Type

3.8 Tier 1, Tier 2 and Tier 3 Soy-based Formula Breast Milk Substitute Players in Global Market

3.8.1 List of Global Tier 1 Soy-based Formula Breast Milk Substitute Companies

3.8.2 List of Global Tier 2 and Tier 3 Soy-based Formula Breast Milk Substitute Companies

4 Sights by Product

4.1 Overview

4.1.1 By Type - Global Soy-based Formula Breast Milk Substitute Market Size Markets, 2021 & 2028

4.1.2 Powdered

4.1.3 Concentrated Liquid

4.1.4 Ready-to-use

4.2 By Type - Global Soy-based Formula Breast Milk Substitute Revenue & Forecasts

4.2.1 By Type - Global Soy-based Formula Breast Milk Substitute Revenue, 2017-2022

4.2.2 By Type - Global Soy-based Formula Breast Milk Substitute Revenue, 2023-2028

4.2.3 By Type - Global Soy-based Formula Breast Milk Substitute Revenue Market Share, 2017-2028

4.3 By Type - Global Soy-based Formula Breast Milk Substitute Sales & Forecasts

4.3.1 By Type - Global Soy-based Formula Breast Milk Substitute Sales, 2017-2022

4.3.2 By Type - Global Soy-based Formula Breast Milk Substitute Sales, 2023-2028

4.3.3 By Type - Global Soy-based Formula Breast Milk Substitute Sales Market Share, 2017-2028

4.4 By Type - Global Soy-based Formula Breast Milk Substitute Price (Manufacturers Selling Prices), 2017-2028

5 Sights By Application

5.1 Overview

5.1.1 By Application - Global Soy-based Formula Breast Milk Substitute Market Size, 2021 & 2028

5.1.2 Pharmacies

5.1.3 Retail Stores

5.1.4 Others

5.2 By Application - Global Soy-based Formula Breast Milk Substitute Revenue & Forecasts

5.2.1 By Application - Global Soy-based Formula Breast Milk Substitute Revenue, 2017-2022

5.2.2 By Application - Global Soy-based Formula Breast Milk Substitute Revenue, 2023-2028

5.2.3 By Application - Global Soy-based Formula Breast Milk Substitute Revenue Market Share, 2017-2028

5.3 By Application - Global Soy-based Formula Breast Milk Substitute Sales & Forecasts

5.3.1 By Application - Global Soy-based Formula Breast Milk Substitute Sales, 2017-2022

5.3.2 By Application - Global Soy-based Formula Breast Milk Substitute Sales, 2023-2028

5.3.3 By Application - Global Soy-based Formula Breast Milk Substitute Sales Market Share, 2017-2028

5.4 By Application - Global Soy-based Formula Breast Milk Substitute Price (Manufacturers Selling Prices), 2017-2028

6 Sights by Region

6.1 By Region - Global Soy-based Formula Breast Milk Substitute Market Size, 2021 & 2028

6.2 By Region - Global Soy-based Formula Breast Milk Substitute Revenue & Forecasts

6.2.1 By Region - Global Soy-based Formula Breast Milk Substitute Revenue, 2017-2022

6.2.2 By Region - Global Soy-based Formula Breast Milk Substitute Revenue, 2023-2028

6.2.3 By Region - Global Soy-based Formula Breast Milk Substitute Revenue Market Share, 2017-2028

6.3 By Region - Global Soy-based Formula Breast Milk Substitute Sales & Forecasts

6.3.1 By Region - Global Soy-based Formula Breast Milk Substitute Sales, 2017-2022

6.3.2 By Region - Global Soy-based Formula Breast Milk Substitute Sales, 2023-2028

6.3.3 By Region - Global Soy-based Formula Breast Milk Substitute Sales Market Share, 2017-2028

6.4 North America

6.4.1 By Country - North America Soy-based Formula Breast Milk Substitute Revenue, 2017-2028

6.4.2 By Country - North America Soy-based Formula Breast Milk Substitute Sales, 2017-2028

6.4.3 US Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.4.4 Canada Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.4.5 Mexico Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.5 Europe

6.5.1 By Country - Europe Soy-based Formula Breast Milk Substitute Revenue, 2017-2028

6.5.2 By Country - Europe Soy-based Formula Breast Milk Substitute Sales, 2017-2028

6.5.3 Germany Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.5.4 France Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.5.5 U.K. Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.5.6 Italy Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.5.7 Russia Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.5.8 Nordic Countries Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.5.9 Benelux Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.6 Asia

6.6.1 By Region - Asia Soy-based Formula Breast Milk Substitute Revenue, 2017-2028

6.6.2 By Region - Asia Soy-based Formula Breast Milk Substitute Sales, 2017-2028

6.6.3 China Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.6.4 Japan Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.6.5 South Korea Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.6.6 Southeast Asia Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.6.7 India Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.7 South America

6.7.1 By Country - South America Soy-based Formula Breast Milk Substitute Revenue, 2017-2028

6.7.2 By Country - South America Soy-based Formula Breast Milk Substitute Sales, 2017-2028

6.7.3 Brazil Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.7.4 Argentina Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.8 Middle East & Africa

6.8.1 By Country - Middle East & Africa Soy-based Formula Breast Milk Substitute Revenue, 2017-2028

6.8.2 By Country - Middle East & Africa Soy-based Formula Breast Milk Substitute Sales, 2017-2028

6.8.3 Turkey Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.8.4 Israel Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.8.5 Saudi Arabia Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

6.8.6 UAE Soy-based Formula Breast Milk Substitute Market Size, 2017-2028

7 Manufacturers & Brands Profiles

7.1 Danone

7.1.1 Danone Corporate Summary

7.1.2 Danone Business Overview

7.1.3 Danone Soy-based Formula Breast Milk Substitute Major Product Offerings

7.1.4 Danone Soy-based Formula Breast Milk Substitute Sales and Revenue in Global (2017-2022)

7.1.5 Danone Key News

7.2 Nestle

7.2.1 Nestle Corporate Summary

7.2.2 Nestle Business Overview

7.2.3 Nestle Soy-based Formula Breast Milk Substitute Major Product Offerings

7.2.4 Nestle Soy-based Formula Breast Milk Substitute Sales and Revenue in Global (2017-2022)

7.2.5 Nestle Key News

7.3 Abbott Nutrition

7.3.1 Abbott Nutrition Corporate Summary

7.3.2 Abbott Nutrition Business Overview

7.3.3 Abbott Nutrition Soy-based Formula Breast Milk Substitute Major Product Offerings

7.3.4 Abbott Nutrition Soy-based Formula Breast Milk Substitute Sales and Revenue in Global (2017-2022)

7.3.5 Abbott Nutrition Key News

7.4 Mead Johnson (Reckitt Benckiser)

7.4.1 Mead Johnson (Reckitt Benckiser) Corporate Summary

7.4.2 Mead Johnson (Reckitt Benckiser) Business Overview

7.4.3 Mead Johnson (Reckitt Benckiser) Soy-based Formula Breast Milk Substitute Major Product Offerings

7.4.4 Mead Johnson (Reckitt Benckiser) Soy-based Formula Breast Milk Substitute Sales and Revenue in Global (2017-2022)

7.4.5 Mead Johnson (Reckitt Benckiser) Key News

7.5 Kraft Heinz

7.5.1 Kraft Heinz Corporate Summary

7.5.2 Kraft Heinz Business Overview

7.5.3 Kraft Heinz Soy-based Formula Breast Milk Substitute Major Product Offerings

7.5.4 Kraft Heinz Soy-based Formula Breast Milk Substitute Sales and Revenue in Global (2017-2022)

7.5.5 Kraft Heinz Key News

8 Global Soy-based Formula Breast Milk Substitute Production Capacity, Analysis

8.1 Global Soy-based Formula Breast Milk Substitute Production Capacity, 2017-2028

8.2 Soy-based Formula Breast Milk Substitute Production Capacity of Key Manufacturers in Global Market

8.3 Global Soy-based Formula Breast Milk Substitute Production by Region

9 Key Market Trends, Opportunity, Drivers and Restraints

9.1 Market Opportunities & Trends

9.2 Market Drivers

9.3 Market Restraints

10 Soy-based Formula Breast Milk Substitute Supply Chain Analysis

10.1 Soy-based Formula Breast Milk Substitute Industry Value Chain

10.2 Soy-based Formula Breast Milk Substitute Upstream Market

10.3 Soy-based Formula Breast Milk Substitute Downstream and Clients

10.4 Marketing Channels Analysis

10.4.1 Marketing Channels

10.4.2 Soy-based Formula Breast Milk Substitute Distributors and Sales Agents in Global

11 Conclusion

12 Appendix

12.1 Note

12.2 Examples of Clients

12.3 Disclaimer

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)