Global Soy Milk Market, By Product Type (Plain Unsweetened Form, Plain Sweetened Form), Distribution Channel (Business to Business Sales of Soy Milk, Business to Consumer Sales of Soy Milk), Category (Organic, Conventional), End User (Food and Beverages, Foodservice Industry, Retail/Household), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Soy Milk Market
The soy milk market is expected to witness market growth at a rate of 7.96% in the forecast period of 2022 to 2029. Data Bridge Market Research report on soy milk market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the knowledge regarding the advantages of the health benefits associated with consumption of soy milk is escalating the growth of soy milk market.
Soy milk is referred to as a type of grain milk which is prepared by soaking dried soya beans which is grinded in water. Soy milk is known to be a stable emulsion of water, oil and protein. Soy milk is accessible in several flavors in the market which is also fortified with extra calcium and vitamins. Soy milk includes high amount of essential ingredients including proteins, carbohydrates and calcium in comparison to regular cow milk.
Major factors that are expected to boost the growth of the soy milk market in the forecast period are the rise in the low-calorie products and the growing cases of obesity. Furthermore, the introduction of several flavors such as chocolate, vanilla and strawberry amongst others by the manufacturers to mask the after taste of soy milk is further anticipated to propel the growth of the soy milk market. Moreover, the growing consumer preference towards health oriented food and beverage products due to the current global pandemic is further estimated to cushion the growth of the soy milk market. On the other hand, the stiff competition from its alternatives such as coconut and almond milk is further projected to impede the growth of the soy milk market in the timeline period.
In addition, the growing need for nutritional plant-based products will further provide potential opportunities for the growth of the soy milk market in the coming years. However, the growing adoption amongst consumers regarding the aforesaid milk varieties which are more readily accessible in the worldwide marketplace might further challenge the growth of the soy milk market in the near future.
This soy milk market report provide details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on soy milk market, contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Global Soy Milk Market Scope and Market Size
The soy milk market is segmented on the basis of product type, distribution channel, category and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the soy milk market is segmented into plain unsweetened form, plain sweetened form.
- On the basis of distribution channel, the soy milk market is segmented into business to business sales of soy milk, business to consumer sales of soy milk. Business to consumer sales of soy milk has been further sub segmented into hypermarkets/supermarkets, convenience stores, specialty stores and online retail.
- On the basis of category, the soy milk market are segmented into organic, conventional.
- On the basis of end user, the soy milk market are segmented into food and beverages, foodservice industry, retail/household. Food and beverages has been further sub segmented into bakery and confectionery, dairy and desserts, infant formula.
Soy Milk Market Country Level Analysis
The soy milk market is analyzed, and market size, volume information is provided by country, product type, distribution channel, category and end user as referenced above.
The countries covered in the soy milk market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Asia-Pacific dominates the soy milk market due to the rich production of soybean. Furthermore, the occurrence of major key players will further boost the growth of the soy milk market in the region during the forecast period. North America is projected to observe significant amount of growth in the soy milk market due to the rise in the consumption of non-dairy substitutes. Moreover, the growing awareness regarding the advantages of soy milk is further anticipated to propel the growth of the soy milk market in the region in the coming years.
The country section of the soy milk market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Soy Milk Market Share Analysis
The soy milk market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to soy milk market.
Some of the major players operating in the soy milk market are Eden Foods, Organic Valley, Pure Harvest Smart Farms, Ltd, Danone North America Public Benefit Corporation, American Soy Products, Inc, Vitasoy International Holdings Limited., SunOpta., PACIFIC FOODS OF OREGON, LLC., PANOS brands., Sanitarium, Alpro, Alpro, SunOpta Grains and Foods Inc., NOW Foods, Palsgaard, The Hain Celestial, Lam Soon Group., and Kikkoman Corporation among others.