LATAM Breast Milk Substitutes Market Size & Outlook, 2025-2033

LATAM Breast Milk Substitutes Market Insights

As per Deep Market Insights insights, LATAM’s Breast Milk Substitutes Market was valued at USD 916.37 Million in 2024 and is anticipated to expand to USD 1680.69 Million by 2033.
From 2026 to 2033, the market is anticipated to expand at a CAGR of 6.93%.
Within Product Type, Infant Formula accounted for the largest market size in 2024.
During the forecast period, Follow On Formula is anticipated to remain the highest-growth segment within the Product Type category.

In 2024, LATAM contributed 7.39% to the overall global Breast Milk Substitutes Market size.
By 2033, United States is anticipated to dominate the global market based on market size.
Mexico is expected to witness the fastest growth within LATAM, attaining USD 519.02 Million by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 916.37 Million
Market Size In 2033	USD 1680.69 Million
Largest segment	Infant Formula
Units	Revenue in USD Million
CAGR	6.93% (2025-2033)
Segmnetation Covered
LATAM	Brazil Mexico Argentina Colombia Chile
Product Type	Infant Formula Follow On Formula Specialized Formula Organic Formula
Stage	Stage Zero Stage One Stage Two Stage Three
Distribution Channel	Pharmacies Supermarkets And Hypermarkets Online Retail Specialty Stores
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

LATAM	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Brazil	XX.x	XX.x	XX.x	365.44	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mexico	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Argentina	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Colombia	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Chile	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Product Type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Infant Formula	XX.x	XX.x	XX.x	366.82	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Follow On Formula	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Specialized Formula	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Organic Formula	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Stage	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Stage Zero	XX.x	XX.x	XX.x	371.13	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Stage One	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Stage Two	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Stage Three	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Distribution Channel	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Pharmacies	XX.x	XX.x	XX.x	374.24	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Supermarkets And Hypermarkets	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Online Retail	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Specialty Stores	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x