Exploring Soy Milk Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors
According to Markntel Advisors Report, Soy Milk Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Soy milk is grain milk obtained by soaking dry
soy in water & grinding them together. This type of milk is gaining swift
popularity among vegans & is known popularly as a stable emulsion of
protein, oil, & water. It comes in an expansive variety ranging tastes like
vanilla, strawberry, & chocolates, among others. These products are
fortified with additional calcium & vitamins. When compared to regular cow
milk, soy milk contains a higher nutrient content such as proteins, carbs,
calcium & low calories, and zero lactose.
Global Soy Milk Market Research
Report & Summary:
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.
Time Period
Captured in the Report:
·
Historical
Years: 2019-22
·
Base
Years: 2023
·
Forecast
Years: 2024-2030
Who are the Key Players Operating in the Soy
Milk Market?
The top
companies of the Soy Milk Market ruling the industry are:
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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Soy
Milk Industry Recent Development:
·
2024: Nestle invested around USD4.3 million for the launch of the
‘Milo Soy’. The drink includes high-protein soy & malt extract which has
strong health benefits & is easy to comsume
What is Included in Soy Milk Market
Segmentation?
The Soy Milk Market explores the industry by
emphasizing the growth parameters and categorizes including geographical
segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
-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
-By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
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Market Dynamics -Global Soy
Milk Market:
Rising Lactose Intolerance
& Dairy Allergies to Augment the Product Demand – Lactose
intolerance includes the inability to digest lactose, a sugar found in milk
& dairy products, due to a deficiency of the enzyme lactase, whereas dairy
allergies involve an immune response to proteins found in cow's milk. The
prevalence of lactose intolerance & dairy allergies among individuals has
led consumers to seek non-dairy alternatives like soy milk to meet their
nutritional needs without adverse reactions, which is one of the crucial aspects
driving the market growth.
Soy
milk, being dairy-free & lactose-free, provides a suitable solution for
individuals with these conditions. Thus, consumers are increasingly becoming
conscious of their dietary choices & are actively seeking healthier
options. Soy milk, as a plant-based alternative, is perceived as a nutritious
alternative with lower saturated fat content than cow's milk.
In
addition, it is naturally free of the proteins that are found in cow's milk
which is responsible for triggering allergic reactions in some individuals.
Thus, owing to its lactose-free & anti-dairy allergic characteristics, it
is presumed that the Global Soy Milk Market share would upscale at a fast pace
in the coming years.
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Why Markntel Advisor Report?
MarkNtel Advisors is a leading consulting, data
analytics, and market research firm that provides an extensive range of
strategic reports on diverse industry verticals. We being a qualitative &
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varied client base, including multinational corporations, financial
institutions, governments, and individuals, among others.
We have our existence across the market for
many years and have conducted multi-industry research across 80+ countries,
spreading our reach across numerous regions like America, Asia-Pacific, Europe,
the Middle East & Africa, etc., and many countries across the regional
scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil,
and several others.
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