Global Soy Milk Market By Form (Plain Unsweetened Form, Plain Sweetened Form), Flavor (Chocolate, Vanilla), Distribution Channel (Online Stores, Supermarket/Hypermarket, Retail Stores, Others), Application (Food Products, Beverages), Category (Organic, Conventional), End User (Infants, Toddlers, Consumers With Lactose Intolerance, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Soy Milk Market
Soy milk market is expected to reach USD 13.44 billion by 2027 growing at a growth rate of 7.02% in the forecast period 2020 to 2027. Increasing adoption of soy milk for lactose intolerance population is the factor for the soy milk market in the forecast period of 2020- 2027.
Soy milk is a plant based product made by soaking and grinding the soybeans then boiling the mixture and at last, filtering it. Soy milk is used as a substitute of dairy milk for vegan or lactose intolerant people as it gives taste and consistency similar to dairy milk along with it is a good source of low fat and cholesterol free milk.
The demand for the lactose free products is increasing as it is easily digestible, rising awareness regarding the benefits associated with the usage of lactose free dairy product that will help in maintaining galactose levels in the body, surging lactose intolerant population are some of the factors that will accelerate the growth of the soy milk market in the forecast period of 2020-2027.
Easy availability of substitutes such as almond milk, coconut milk and others, addition of different flavors to decrease the nutty taste of soy milk will acts as a market restraint for the growth of the soy milk market in the above mentioned forecast period.
This soy milk market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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
Soy milk market is segmented on the basis of form, flavor, distribution channel, application, category and end-user. The growth among segments helps you analyse 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 form, soy milk market is segmented into plain unsweetened form and plain sweetened form.
- Based on flavor, soy milk market is segmented into chocolate and vanilla.
- Based on the distribution channel, soy milk market is segmented into online stores, supermarket/hypermarket, retail stores and others.
- Soy milk market is also segmented on the basis of application. The application is segmented into food products and beverages. Food products have been further segmented into cheese, desserts, and snacks. Beverages have been further segmented into cold-pressed milks and others.
- On the basis of category, soy milk is segmented into organic and conventional.
- Based on end-user, soy milk is segmented into infants, toddlers, consumers with lactose intolerance and others.
Soy Milk Market Country Level Analysis
Soy milk market is analyses and market size, volume information is provided by country by form, flavor, distribution channel, application, category and end-user as referenced above.
The countries covered in the soy milk market report are 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 Middle East and Africa(MEA)
Asia-Pacific dominates the soy milk market due to the increasing production of soy bean while North America will expect to grow in the forecast period 2020 to 2027 because of growing demand for non-dairy alternatives.
The country section of the soy milk market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, 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
Soy milk market competitive landscape provides details by 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.
The major players covered in the soy milk report are Eden Foods, Inc., Organic Valley, Pureharvest, THE WHITEWAVE FOODS COMPANY, American Soy Products, Vitasoy, SunOpta, PACIFIC FOODS OF OREGON, LLC., PANOS brands, Sanitarium, Alpro, Provamel, DREAM, NOW Foods, Palsgaard, Hain Celestial, Lam Soon Group. Kikkoman Corporation., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Customization Available: Global Soy Milk Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.