Global Soy Drinks Market, By Product (Milk, Juices, Water), From (Liquid, Powder), Source (Natural, Organic), Application (Smoothies, Cultured Soy, Frozen Desert, Puddings, Cheese Analog, Nutritional Bar, Non-diary Creams), Flavors (Vanilla, Strawberry, Chocolate, Organic unsweetened), 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 Drinks Market
The soy drinks market is expected to witness market growth at a rate of 6.80% in the forecast period of 2022 to 2029. Data Bridge Market Research report on soy drinks 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 drinks market.
The soy drink refers to a consumable beverage that can be composed of soya beans. These drinks are defined as the type of beverages that are known to be is nutritionally adequate and an alternative to milk. These drinks are plant-based drink that are 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 drinks market. The high popularity among health-conscious consumers, and increase in the health concerns or animal welfare concerns accelerate the market growth. The increase in the adoption of soy drinks as healthy alternative to dairy milk, owning to its low in fat, contains no cholesterol, and is high in protein further influence the market. Additionally, rise in consumer awareness of health, increase in the disposable income, media influence on consumer, and surge in spending on food positively affect the soy drinks 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 drinks market in the forecast period of 2022-2029.
This soy drinks 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 drinks 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 Drinks Market Scope and Market Size
The soy drinks market is segmented on the basis of product, form, source, application, flavors 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 drinks market is segmented into milk, juices, and water.
- On the basis of form, the soy drinks market is segmented into liquid and powder.
- On the basis of source, the soy drinks market is segmented into natural and organic.
- On the basis of application, the soy drinks market is segmented into smoothies, cultured soy, frozen desert, puddings, cheese analog, nutritional bar, and non-diary creams.
- On the basis of flavors, the soy drinks market is fragmented into plain vanilla, strawberry, chocolate, and organic unsweetened.
- On the basis of distribution channel, the soy drinks market is bifurcated into supermarkets/hypermarkets, pharmacies/drug stores, online retail stores, convenience stores, and others.
Soy Drinks Market Country Level Analysis
The soy drinks market is analyzed and market size, volume information is provided by country, product, form, source, application, flavors and distribution channel as referenced above.
The countries covered in the global soy drinks 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 drinks 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 in the region.
The country section of the soy drinks 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 Drinks Market Share Analysis
The soy drinks 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 drinks market.
Some of the major players operating in the soy drinks 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, and Scribd Inc., among others.
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