Breast Milk Substitutes Market: By Substitute Type, By Formula Type, By Distribution Channels, and Region Forecast 2020-2031

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Breast Milk Substitutes Market Size, Share, Growth, Trends, and Global Industry Analysis: By Substitute Type (Milk-based Formula, Soy-based Formula, Hypoallergenic Formula), By Formula Type (Powdered, Concentrated Liquid, Ready-to-use), By Distribution Channels (Pharmacies, Retail Stores), and Region Forecast 2020-2031

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Breast Milk Substitutes Market size was valued at US$ 81,888.3 million in 2024 and is expected to reach US$ 1,60,595.4 million by 2031, growing at a significant CAGR of 10.1% from 2025-2031. Breast milk substitutes are popular among non-lactating mothers. Manufacturers' goal of creating natural, additive-free replacements for breast milk has helped them maintain a significant position in the food and beverage business. Breast milk replacement formula usage has increased significantly in developing nations due to higher birth rates. Including powdered breast milk alternatives in newborn diets will also increase industrial product demand. Based on the substitute type, the market is segmented into Milk-based Formula, Soy-based Formula, and Hypoallergenic Formula.

The milk-based formula segment is anticipated to grow at a significant CAGR over the forecast years. The milk-based product provides enriched nutrition derived from fortified cow milk with minerals, vitamins, calcium, iron, and vegetable oils. As a result, a growing intake of milk-based formula to aid in newborn development will provide profitable category growth. High investment in research and development initiatives for enhanced milk-based formulas will help the segment expand even further. Higher birth rates and availability of premium infant nutrition alternatives, Increased preference towards the product with numerous advantages, and growing expansion of retail stores along with a strong distribution channel are a few factors driving the industry's growth over the forecasting period.

Key Developments

  • In July 2022, Danone introduced a plant-based infant formula to fulfill the needs of parents who desire to supplement their infant's diet with additional plant-based foods.

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Breast Milk Substitutes Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

10.1%

Largest Market

Asia-Pacific

Fastest Growing Market

North-America

Breast Milk Substitutes Market Dynamics

The growing tendency and number of working-class women worldwide will drive market expansion. Middle-income countries' government initiatives for women's education and empowerment policies have contributed to the industry's growth. A rigorous work schedule impedes the development of a newborn baby.

As a result, the choice of infant formula to achieve the necessary development, sustenance, and growth of babies will increase industry demand. Rapid urbanization in developing countries and lifestyle changes are poised to influence global market potential substantially.

Breast Milk Substitutes Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2024

US$ 81,888.3 million

Market Size in 2031

US$ 1,60,595.4 million

Market CAGR

10.1%

By Substitute Type

  • Milk-based Formula
  • Soy-based Formula
  • Hypoallergenic Formula
  • Others

By Formula Type

  • Powdered
  • Concentrated Liquid
  • Ready-to-use

By Distribution Channels

  • Pharmacies
  • Retail stores
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The breast milk substitutes market report provides granular level information about the market size, regional market share, historic market (2020-2024) and forecast (2025-2031)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis

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Frequently Asked Questions

Breast milk substitutes market size was valued at US$ 81,888.3 million in 2024 and is expected to reach US$ 1,60,595.4 million by 2031, growing at a significant CAGR of 10.1%.

The market key players are: Vitagermine SAS Fonterra Co-operative Group The Kraft Heinz Company Reckitt Benckiser Group Abbott Nutrition FrieslandCampina, Danone Nutricia Hyproca Nestle Mead Johnson

The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

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Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Breast Milk Substitutes Market Introduction 
2.1.Global Breast Milk Substitutes Market  - Taxonomy
2.2.Global Breast Milk Substitutes Market  - Definitions
2.2.1.Substitute Type
2.2.2.Formula Type 
2.2.3.Distribution Channels 
2.2.5.Region
3.Global Breast Milk Substitutes Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 16 on Market
4.Global Breast Milk Substitutes Market Analysis 2020-2024 and Forecast 2025-2031
4.1.  Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Breast Milk Substitutes Market  By Substitute Type 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
5.1. Remote Diagnosis of Clinical Diagnostic Equipment
5.1.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Preventative Maintenance of Clinical Diagnostic Equipment
5.2.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Professional Services
5.3.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Education & Training of Clinical diagnostic Equipment
5.4.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Consulting Services
5.5.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. IT Services
5.6.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Others
5.7.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
6.Global Breast Milk Substitutes Market  By Formula Type 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
6.1. Pets
6.1.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Poultry
6.2.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Ruminants
6.3.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Swine
6.4.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7.Global Breast Milk Substitutes Market  By Distribution Channels 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
7.1. Break Fix Service
7.1.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. OEM Service Contracts
7.2.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. 3rd Parties
7.3.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Breast Milk Substitutes Market  By Region 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Breast Milk Substitutes Market , 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
9.1. Substitute Type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Remote Diagnosis of Clinical Diagnostic Equipment
9.1.2.Preventative Maintenance of Clinical Diagnostic Equipment
9.1.3.Professional Services
9.1.4.Education & Training of Clinical diagnostic Equipment
9.1.5.Consulting Services
9.1.6.IT Services
9.1.7.Others
9.2.  Formula Type  Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Pets
9.2.2.Poultry
9.2.3.Ruminants
9.2.4.Swine
9.2.5.Others
9.3.  Distribution Channels  Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Break Fix Service
9.3.2.OEM Service Contracts
9.3.3.3rd Parties
9.4.  Geography Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.North America
9.4.2.Europe
9.4.3.The Asia Pacific
9.4.4.Latin America
9.4.5.MEA
9.5.  Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.5.1.United States of America (USA)
9.5.2.Canada
10.Europe Breast Milk Substitutes Market , 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
10.1. Substitute Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Remote Diagnosis of Clinical Diagnostic Equipment
10.1.2.Preventative Maintenance of Clinical Diagnostic Equipment
10.1.3.Professional Services
10.1.4.Education & Training of Clinical diagnostic Equipment
10.1.5.Consulting Services
10.1.6.IT Services
10.1.7.Others
10.2.  Formula Type  Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Pets
10.2.2.Poultry
10.2.3.Ruminants
10.2.4.Swine
10.2.5.Others
10.3.  Distribution Channels  Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Break Fix Service
10.3.2.OEM Service Contracts
10.3.3.3rd Parties
10.4.  Geography Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.North America
10.4.2.Europe
10.4.3.The Asia Pacific
10.4.4.Latin America
10.4.5.MEA
10.5.  Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.Germany
10.5.2.France
10.5.3.Italy
10.5.4.United Kingdom (UK)
10.5.5.Spain
10.5.6.Rest of EU
11.Asia Pacific (APAC) Breast Milk Substitutes Market , 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
11.1. Substitute Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Remote Diagnosis of Clinical Diagnostic Equipment
11.1.2.Preventative Maintenance of Clinical Diagnostic Equipment
11.1.3.Professional Services
11.1.4.Education & Training of Clinical diagnostic Equipment
11.1.5.Consulting Services
11.1.6.IT Services
11.1.7.Others
11.2.  Formula Type  Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Pets
11.2.2.Poultry
11.2.3.Ruminants
11.2.4.Swine
11.2.5.Others
11.3.  Distribution Channels  Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Break Fix Service
11.3.2.OEM Service Contracts
11.3.3.3rd Parties
11.4.  Geography Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.North America
11.4.2.Europe
11.4.3.The Asia Pacific
11.4.4.Latin America
11.4.5.MEA
11.5.  Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.China
11.5.2.India
11.5.3.Australia and New Zealand (ANZ)
11.5.4.Japan
11.5.5.Rest of APAC
12.Middle East and Africa (MEA) Breast Milk Substitutes Market , 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
12.1. Substitute Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Remote Diagnosis of Clinical Diagnostic Equipment
12.1.2.Preventative Maintenance of Clinical Diagnostic Equipment
12.1.3.Professional Services
12.1.4.Education & Training of Clinical diagnostic Equipment
12.1.5.Consulting Services
12.1.6.IT Services
12.1.7.Others
12.2.  Formula Type  Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Pets
12.2.2.Poultry
12.2.3.Ruminants
12.2.4.Swine
12.2.5.Others
12.3.  Distribution Channels  Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Break Fix Service
12.3.2.OEM Service Contracts
12.3.3.3rd Parties
12.4.  Geography Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.North America
12.4.2.Europe
12.4.3.The Asia Pacific
12.4.4.Latin America
12.4.5.MEA
12.5.  Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.GCC Countries
12.5.2.South Africa
12.5.3.Rest of MEA
13.Latin America Breast Milk Substitutes Market , 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
13.1. Substitute Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Remote Diagnosis of Clinical Diagnostic Equipment
13.1.2.Preventative Maintenance of Clinical Diagnostic Equipment
13.1.3.Professional Services
13.1.4.Education & Training of Clinical diagnostic Equipment
13.1.5.Consulting Services
13.1.6.IT Services
13.1.7.Others
13.2.  Formula Type  Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Pets
13.2.2.Poultry
13.2.3.Ruminants
13.2.4.Swine
13.2.5.Others
13.3.  Distribution Channels  Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Break Fix Service
13.3.2.OEM Service Contracts
13.3.3.3rd Parties
13.4.  Geography Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.North America
13.4.2.Europe
13.4.3.The Asia Pacific
13.4.4.Latin America
13.4.5.MEA
13.5.  Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.Brazil
13.5.2.Mexico
13.5.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Qiagen
14.2.2.Quest Diagnostics, Inc.
14.2.3.OPKO Health, Inc.
14.2.4.Abbott
14.2.5.Charles River Laboratories International, Inc.
14.2.6.Cinven
14.2.7.Arup Laboratories
14.2.8.Sonic Healthcare
14.2.8.Laboratory Corporation of America Holdings (LabCorp)
14.2.9.NeoGenomics Laboratories, Inc.
14.2.10.Fresenius Medical Care
14.2.11.DaVita, Inc.
14.2.12.Siemens Healthcare GmbH
14.2.13.Viapath Group LLP
14.2.14.SGS SA
14.2.14.Almac Group
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Vitagermine SAS
  • Fonterra Co-operative Group
  • The Kraft Heinz Company
  • Reckitt Benckiser Group
  • Abbott Nutrition
  • FrieslandCampina, Danone Nutricia
  • Hyproca
  • Nestle
  • Mead Johnson

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