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The Soy Milk Market report by MarkNtel Advisors u2013 Market Research Company, offers a comprehensive analysis of the size, share & growth of the market.
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Global Soy Milk Market Research Report: Forecast (2024-2030) Get a Free Sample of the Report Include FY2025-30:
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Market Insights The Global Soy Milk Market is valued at around USD 10.5 billion in 2022 & is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2024-30. The market is driven by the growing health consciousness among people & a rise in the population of vegans & lactose intolerants across the world. This, in turn, propelled the demand for alternatives to animal-based regular milk, further shifting towards nutrient-rich soy milk. Besides, as more & more individuals are stimulated by trends like veganism & becoming more conscious of animal welfare, the demand for soy milk is anticipated to upscale in the coming years. In fact, it is estimated that people are more likely to become vegan in the coming years, thus generating growth opportunities for the leading players to increase their product offering on soy milk & widen their distribution capacities to cater to the burgeoning need worldwide.
Market Key Trend Flavored Soy Milk is Gaining Wide Traction in the Market – The soy milk manufacturers have been introducing a wider range of flavored soy milk, such as vanilla, chocolate, and various fruit flavors, to cater to the diverse consumer tastes, hence creating potential opportunities for the Global Soy Milk Market growth. The kids & the younger generation are widely demanding soy milk in chocolate & vanilla flavors which have played a key role in the launch of flavored milk across the globe. Flavored soy milk is particularly appealing to children who are likely to be hesitant to drink plain milk or who have dietary restrictions. Thus, parents worldwide have been seeking nutritious alternatives for their children who find flavored milk the most preferable option. Consequently, the surging demand for flavored soy milk is anticipated to beef up the Soy Milk Market in the coming years.
Market Segments • By Type : (Flavored, Unflavored), By Application (Food & Beverages (Bakery & Confectionery, Beverages, Desserts), Dietary Supplements), • By Distribution Channel : (Offline (Supermarkets/Hypermarkets, Convenience Stores, Specialty Bakery/Stores), Online)
Top Companies Alpro, American Soy Products, Campbell Soup Company, Danone S.A., Eden Foods, Hain Celestial Group, Inc., Kikkoman Corporation, Organic Valley, Pureharvest, Pacific Natural Foods, Panos Brands, SunOpta, Sanitarium, The Hershey Company, Vitasoy International Holdings, WhiteWave Foods, Others.)
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