Global Soy Beverages Market, By Product (Soy Milk, Soy-Based Drinkable Yogurt), Flavor (Plain Soy Beverages, Flavored Soy Beverages), Distribution Channel (Supermarkets/Hypermarkets, Pharmacies/Drug Stores, Online Retail Stores, Convenience Stores, Others), 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, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Soy Beverages Market
The soy beverages market is expected to witness market growth at a rate of 6.5% in the forecast period of 2022 to 2029. Data Bridge Market Research report on soy beverages 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 growth in awareness globally is escalating the growth of soy beverages market.
Soy beverage refers to the type of beverages that are known to be is nutritionally adequate and an alternative to milk. This kind of beverage is a plant-based drink that is produced by extracting nutrients from soybeans.
The increase in the prevalence of lactose intolerance across the globe acts as one of the major factors driving the growth of soy beverages market. The rise in the adoption of soy beverages as healthy alternative to dairy milk, owning to its low in fat, contains no cholesterol, and is high in protein accelerate the market growth. The increase in the health concerns or animal welfare concerns, and high popularity among health-conscious consumers further influence the market. Additionally, media influence on consumer, rise in consumer awareness of health, surge in spending on food and increase in the disposable income positively affect the soy beverages market. Furthermore, advancements in the products extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, concerns regarding the ill effects of soy and soy derivatives are expected to obstruct the market growth. The availability of substitute options are projected to challenge the soy beverages market in the forecast period of 2022-2029.
This soy beverages market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, 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 beverages 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 Beverages Market Scope and Market Size
The soy beverages market is segmented on the basis of product, flavor and distribution channel. 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 product, the soy beverages market is segmented into soy milk, and soy based drinkable yogurt.
- On the basis of flavor, the soy beverage market is fragmented into plain soy beverages and flavored soy beverages.
- On the basis of distribution channel, the soy beverage market is bifurcated into supermarkets/hypermarkets, pharmacies/drug stores, online retail stores, convenience stores, and others.
Soy Beverages Market Country Level Analysis
The soy beverage market is analysed and market size, volume information is provided by country, product, flavor and distribution channel as referenced above.
The countries covered in the global soy beverage 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 Middle East and Africa (MEA).
Asia-Pacific dominates the soy beverage market because of the rise in disposable incomes and high demand for processed foods within the region. North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in the inclination towards functional foods offering a broad spectrum of health benefits in the region.
The country section of the soy beverage 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 Beverages Market Share Analysis
The soy beverage 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 beverage market.
Some of the major players operating in the soy beverage market report are Danone S.A., Organic Valley, ZENSOY, Hain Celestial, KIKKOMAN SALES USA, INC., Eden Foods Inc., Pureharvest, THE WHITEWAVE FOODS COMPANY, American Soy Products, Vitasoy International Holdings Limited., SunOpta, Trader Joe's, Jaffe Bros., Inc., Devansoy Inc., PACIFIC FOODS OF OREGON, LLC., PANOS brands, and Sanitarium among others.
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