A method and system for adaptively generating experimental product formulations for accelerating a formulation design of a target product includes constructing a formulation objective function based on a plurality of distinct product-informative formulation parameters of the target product; generating, via a formula-generating machine learning model, a distinct set of product formulation parameter values based on the formulation objective function; constructing a corpus of experimental findings data based on the distinct set of product formulation parameter values generated by the formula-generating machine learning model; automatically adapting the formula-generating machine learning model based on the corpus of experimental findings that accelerate the formulation design of the target product; and generating, via the adapted formula-generating machine learning model, an adapted set of product formulation parameter values that satisfies the one or more formulation objectives thereby enabling an accelerated creation of the target product.