Soy Milk Market Overview

The global Soy Milk Market is projected to reach $ 16.17 billion by 2030. The market will register a CAGR of 6.66 % during the forecasted period between 2022 and 2030.

Soy Milk is commonly known as soya milk. It is a plant-based drink that is generated by soaking and grinding soybeans, boiling the contents and filtering the residue. It is regarded to be a popular alternative to cow’s milk. It is a vital source of dietary fiber and protein for individuals who are allergic to dietary products or do not prefer to consume animal-based food. Manufacturers integrate additional vitamins and minerals into soy milk so users can derive maximum health benefits from it. Soy milk’s rising popularity is because it contains fewer calories and rich protein than cow’s milk. 

The United States accounts for the largest share for soy milk market in the North America, driven by a growing consumer interest in health and wellness, and a strong demand for plant-based alternatives to dairy products. Canada, although a smaller market, has also witnessed growth, with consumers showing a preference for natural and organic soy milk products.

During the forecasted period, the global soy milk market will show solid performance owing to a high preference for soy milk due to rising health concerns like obesity and rich nutritional content. Compared to other options like cashew or almond milk, the affordable price of soy milk is also likely to influence the market’s growth trajectory in the future.

Key Players are.

Following are some of the soy milk key market players

·       EDEN FOODS INC (US)

·       ORGANIC VALLEY (US)

·       PUREHARVEST (AUSTRALIA)

·       AMERICAN SOY PRODUCTS (US)

·       VITASOY INTERNATIONAL HOLDINGS (CHINA)

·       SUNOPTA INC (CANADA)

·       PACIFIC NATURAL FOODS (US)

·       PANOS BRANDS (US)

·       SANITARIUM (AUSTRALIA)

·       HAIN CELESTIAL GROUP INC (US)

Market Segments

The global Soy Milk Market can be segmented based on application, type, category and distribution channel.

Based on the application of soy milk, the market can be further broken down into cheese, desserts, beverages and snacks. The dessert segment is growing rapidly, and during the forecasted period, it will play a key role in influencing market performance. The high consumption of non-dairy milkshakes and ice cream will play an instrumental role in its high growth. Based on type, the Soy Milk Market can be fragmented into plain and flavored. Based on category, the market can be divided into conventional and organic. Similarly, based on distribution channels, the market is divided into store-based and non-store-based. The store-based segment encompasses hypermarkets and supermarkets, convenience stores, and others.

Industry News

February 2022 – PANOS BRANDS, a U.S.-based player in the global Soy Milk Market, announced that it is working on new product formulations to expand the portfolio of its specialty food brands. The company has taken the initiative to integrate additional nutritional content and remove preservatives, artificial flavors and sucralose.  

Related Reports

Microbial Lipase Market Research Report - Forecast till 2030

North America Cold Pressed Juices Market Research Report – Forecast to 2027

????? ?????? ???????? ??????:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America