세계의 모유 대체품 시장 보고서(2025년)

Breast milk substitutes are commercially produced products designed to provide essential nutrients for infants who are not breastfed, whether partially or fully. These substitutes include infant formulas made from cow's milk, soy, or hydrolyzed proteins, which are enriched with vitamins, minerals, and essential fatty acids to support healthy growth and development. They serve as an alternative when breastfeeding is not possible due to medical, personal, or logistical reasons.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The primary types of breast milk substitutes are ready-to-use, powdered, and concentrated liquid formulas. Ready-to-use substitutes come in a pre-mixed liquid form that requires no preparation or dilution. They offer a variety of options, including milk-based formula, soy-based formula, hypoallergenic formula, and others, and are suitable for infants aged under 6 months and between 6 to 23 months. These substitutes are available through supermarkets, hypermarkets, pharmacies, and online retail channels, and are used by various end users such as hospitals, clinics, specialty clinics, and others.

The breast milk substitutes market research report is one of a series of new reports from The Business Research Company that provides breast milk substitutes market statistics, including breast milk substitutes industry global market size, regional shares, competitors with a breast milk substitutes market share, detailed breast milk substitutes market segments, market trends and opportunities, and any further data you may need to thrive in the breast milk substitutes industry. This breast milk substitutes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The breast milk substitutes market size has grown strongly in recent years. It will grow from$16.23 billion in 2024 to $17.69 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth during the historic period can be attributed to factors such as the rising demand for organic and clean-label substitutes, increasing healthcare recommendations, growing concerns about breastfeeding challenges, the expansion of e-commerce distribution, and supportive government regulations for infant nutrition.

The breast milk substitutes market size is expected to see strong growth in the next few years. It will grow to$24.62 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth during the forecast period can be attributed to factors such as the increasing participation of women in the workforce, heightened awareness of infant malnutrition, urbanization, aggressive marketing by manufacturers, and changes in lifestyle patterns. Key trends in the forecast period include a surge in plant-based alternatives, a growing preference for hydrolyzed formulas, advancements in formula nutrition, the expansion of probiotic-infused formulas, and a rising adoption of personalized nutrition solutions.

The increasing participation of women in the workforce is expected to drive the growth of the breast milk substitutes market. Female workforce participation refers to the percentage of women who are either employed or actively seeking employment. This participation is rising primarily due to improved access to education, which equips women with the necessary skills and qualifications to pursue a wider range of employment opportunities and achieve economic independence. For working mothers, breast milk substitutes offer a convenient and nutritionally adequate feeding option for their infants when they are unable to breastfeed due to time constraints, workplace limitations, or lack of maternity leave. This ensures that infants receive essential nutrients while their mothers continue to focus on their professional responsibilities. For example, in February 2023, the Center for American Progress, a US-based think tank, reported that the labor force participation rate for prime-age women reached 77.0%, setting a new record for the proportion of women who are either employed or actively seeking work. As a result, the growing female workforce participation is driving the expansion of the breast milk substitutes market.

Key players in the breast milk substitutes market are focusing on creating innovative products, such as plant-based infant formulas, to provide dairy-free alternatives for infants with cow's milk allergies, lactose intolerance, or families following vegan or plant-based diets. Plant-based infant formulas are dairy-free options made from plant-derived ingredients, specifically designed to provide essential nutrients for infant growth and development. For instance, in July 2022, Danone S.A., a France-based food company, launched the Dairy and Plants Blend infant formula, offering parents more feeding choices. This formula is tailored for vegetarian diets and is the first blended formula for healthy infants where over half of the required protein comes from soy. Using soy as a well-established plant-based protein source, the formula contains 60% high-quality, non-GMO soy protein and 40% dairy-based proteins, including casein and whey. Additionally, it incorporates lactose, an important dairy ingredient and essential carbohydrate found in breast milk, ensuring balanced nutrition for infant development.

In July 2023, Bobbie Baby Inc., a US-based infant formula company, acquired Nature's One LLC for an undisclosed amount. This acquisition enables Bobbie to enhance its growth potential by expanding its domestic manufacturing capabilities and strengthening its supply chain. Nature's One LLC is a US-based provider of breast milk substitutes.

Major players in the breast milk substitutes market are Nestle S.A., Pfizer Inc., BASF SE, Abbott Laboratories, Danone S.A., The Kraft Heinz Company, Koninklijke FrieslandCampina N.V. (FrieslandCampina), Arla Foods Amba, Reckitt Benckiser Group plc, Fonterra Co-operative Group Limited, Perrigo Company plc, The Hain Celestial Group Inc., Hero Group AG, HiPP GmbH & Co. Vertrieb KG, Beingmate Baby & Child Food Co. Ltd., Bellamy's Organic Pty Ltd., Vitagermine SAS, Kendal Nutricare Ltd. (Kendamil), Cow & Gate, and Humana Inc.

North America was the largest region in the breast milk substitutes market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in breast milk substitutes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the breast milk substitutes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The breast milk substitutes market consists of sales of infant formulas, follow-on formulas, lactose-free formulas, and organic formulas. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Breast Milk Substitutes Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on breast milk substitutes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for breast milk substitutes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The breast milk substitutes market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Product Type: Ready-To-Use; Powdered; Concentrated Liquid
• 2) By Substitute Type: Milk-Based Formula; Soy-Based Formula; Hypoallergenic Formula; Other Substitute Types
• 3) By Consumer Age: Below 6 Months; 6-23 Months
• 4) By Distribution Channel: Supermarkets Or Hypermarkets; Pharmacies; Online Retail
• 5) By End Users: Hospitals And Clinics; Specialty Clinics; Other End Users
• Subsegments:
• 1) By Ready-To-Use: Standard Infant Formula; Specialized Infant Formula; Organic Infant Formula
• 2) By Powdered: Standard Powdered Formula; Hypoallergenic Powdered Formula; Organic Powdered Formula
• 3) By Concentrated Liquid: Standard Concentrated Formula; Lactose-Free Concentrated Formula; Organic Concentrated Formula
• Companies Mentioned: Nestle S.A.; Pfizer Inc.; BASF SE; Abbott Laboratories; Danone S.A.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.

Table of Contents

1. Executive Summary

2. Breast Milk Substitutes Market Characteristics

3. Breast Milk Substitutes Market Trends And Strategies

4. Breast Milk Substitutes Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

5. Global Breast Milk Substitutes Growth Analysis And Strategic Analysis Framework

• 5.1. Global Breast Milk Substitutes PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
• 5.2. Analysis Of End Use Industries
• 5.3. Global Breast Milk Substitutes Market Growth Rate Analysis
• 5.4. Global Breast Milk Substitutes Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
• 5.5. Global Breast Milk Substitutes Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
• 5.6. Global Breast Milk Substitutes Total Addressable Market (TAM)

6. Breast Milk Substitutes Market Segmentation

• 6.1. Global Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• Ready-To-Use
• Powdered
• Concentrated Liquid
• 6.2. Global Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• Milk-Based Formula
• Soy-Based Formula
• Hypoallergenic Formula
• Other Substitute Types
• 6.3. Global Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• Below 6 Months
• 6-23 Months
• 6.4. Global Breast Milk Substitutes Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• Supermarkets Or Hypermarkets
• Pharmacies
• Online Retail
• 6.5. Global Breast Milk Substitutes Market, Segmentation By End Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• Hospitals And Clinics
• Specialty Clinics
• Other End Users
• 6.6. Global Breast Milk Substitutes Market, Sub-Segmentation Of Ready-To-Use, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• Standard Infant Formula
• Specialized Infant Formula
• Organic Infant Formula
• 6.7. Global Breast Milk Substitutes Market, Sub-Segmentation Of Powdered, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• Standard Powdered Formula
• Hypoallergenic Powdered Formula
• Organic Powdered Formula
• 6.8. Global Breast Milk Substitutes Market, Sub-Segmentation Of Concentrated Liquid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• Standard Concentrated Formula
• Lactose-Free Concentrated Formula
• Organic Concentrated Formula

7. Breast Milk Substitutes Market Regional And Country Analysis

• 7.1. Global Breast Milk Substitutes Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 7.2. Global Breast Milk Substitutes Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Breast Milk Substitutes Market

• 8.1. Asia-Pacific Breast Milk Substitutes Market Overview
• Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
• 8.2. Asia-Pacific Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 8.3. Asia-Pacific Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 8.4. Asia-Pacific Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Breast Milk Substitutes Market

• 9.1. China Breast Milk Substitutes Market Overview
• 9.2. China Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
• 9.3. China Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
• 9.4. China Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Breast Milk Substitutes Market

• 10.1. India Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 10.2. India Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 10.3. India Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Breast Milk Substitutes Market

• 11.1. Japan Breast Milk Substitutes Market Overview
• 11.2. Japan Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 11.3. Japan Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 11.4. Japan Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Breast Milk Substitutes Market

• 12.1. Australia Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 12.2. Australia Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 12.3. Australia Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Breast Milk Substitutes Market

• 13.1. Indonesia Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 13.2. Indonesia Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 13.3. Indonesia Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Breast Milk Substitutes Market

• 14.1. South Korea Breast Milk Substitutes Market Overview
• 14.2. South Korea Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 14.3. South Korea Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 14.4. South Korea Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Breast Milk Substitutes Market

• 15.1. Western Europe Breast Milk Substitutes Market Overview
• 15.2. Western Europe Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 15.3. Western Europe Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 15.4. Western Europe Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Breast Milk Substitutes Market

• 16.1. UK Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 16.2. UK Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 16.3. UK Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Breast Milk Substitutes Market

• 17.1. Germany Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 17.2. Germany Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 17.3. Germany Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Breast Milk Substitutes Market

• 18.1. France Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 18.2. France Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 18.3. France Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Breast Milk Substitutes Market

• 19.1. Italy Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 19.2. Italy Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 19.3. Italy Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Breast Milk Substitutes Market

• 20.1. Spain Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 20.2. Spain Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 20.3. Spain Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Breast Milk Substitutes Market

• 21.1. Eastern Europe Breast Milk Substitutes Market Overview
• 21.2. Eastern Europe Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 21.3. Eastern Europe Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 21.4. Eastern Europe Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Breast Milk Substitutes Market

• 22.1. Russia Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 22.2. Russia Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 22.3. Russia Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Breast Milk Substitutes Market

• 23.1. North America Breast Milk Substitutes Market Overview
• 23.2. North America Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 23.3. North America Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 23.4. North America Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Breast Milk Substitutes Market

• 24.1. USA Breast Milk Substitutes Market Overview
• 24.2. USA Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 24.3. USA Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 24.4. USA Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Breast Milk Substitutes Market

• 25.1. Canada Breast Milk Substitutes Market Overview
• 25.2. Canada Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 25.3. Canada Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 25.4. Canada Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Breast Milk Substitutes Market

• 26.1. South America Breast Milk Substitutes Market Overview
• 26.2. South America Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 26.3. South America Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 26.4. South America Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Breast Milk Substitutes Market

• 27.1. Brazil Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 27.2. Brazil Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 27.3. Brazil Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Breast Milk Substitutes Market

• 28.1. Middle East Breast Milk Substitutes Market Overview
• 28.2. Middle East Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 28.3. Middle East Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 28.4. Middle East Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Breast Milk Substitutes Market

• 29.1. Africa Breast Milk Substitutes Market Overview
• 29.2. Africa Breast Milk Substitutes Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 29.3. Africa Breast Milk Substitutes Market, Segmentation By Substitute Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
• 29.4. Africa Breast Milk Substitutes Market, Segmentation By Consumer Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Breast Milk Substitutes Market Competitive Landscape And Company Profiles

• 30.1. Breast Milk Substitutes Market Competitive Landscape
• 30.2. Breast Milk Substitutes Market Company Profiles
  • 30.2.1. Nestle S.A. Overview, Products and Services, Strategy and Financial Analysis
  • 30.2.2. Pfizer Inc. Overview, Products and Services, Strategy and Financial Analysis
  • 30.2.3. BASF SE Overview, Products and Services, Strategy and Financial Analysis
  • 30.2.4. Abbott Laboratories Overview, Products and Services, Strategy and Financial Analysis
  • 30.2.5. Danone S.A. Overview, Products and Services, Strategy and Financial Analysis

31. Breast Milk Substitutes Market Other Major And Innovative Companies

• 31.1. The Kraft Heinz Company
• 31.2. Koninklijke FrieslandCampina N.V. (FrieslandCampina)
• 31.3. Arla Foods Amba
• 31.4. Reckitt Benckiser Group plc
• 31.5. Fonterra Co-operative Group Limited
• 31.6. Perrigo Company plc
• 31.7. The Hain Celestial Group Inc.
• 31.8. Hero Group AG
• 31.9. HiPP GmbH & Co. Vertrieb KG
• 31.10. Beingmate Baby & Child Food Co. Ltd.
• 31.11. Bellamy's Organic Pty Ltd.
• 31.12. Vitagermine SAS
• 31.13. Kendal Nutricare Ltd. (Kendamil)
• 31.14. Cow & Gate
• 31.15. Humana Inc.

32. Global Breast Milk Substitutes Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Breast Milk Substitutes Market

34. Recent Developments In The Breast Milk Substitutes Market

35. Breast Milk Substitutes Market High Potential Countries, Segments and Strategies

• 35.1 Breast Milk Substitutes Market In 2029 - Countries Offering Most New Opportunities
• 35.2 Breast Milk Substitutes Market In 2029 - Segments Offering Most New Opportunities
• 35.3 Breast Milk Substitutes Market In 2029 - Growth Strategies
  • 35.3.1 Market Trend Based Strategies
  • 35.3.2 Competitor Strategies

36. Appendix

• 36.1. Abbreviations
• 36.2. Currencies
• 36.3. Historic And Forecast Inflation Rates
• 36.4. Research Inquiries
• 36.5. The Business Research Company
• 36.6. Copyright And Disclaimer
• 250617_r34783_Breast_Milk_Substitutes_GMR_2025