Soy Milk Market Breaking Records with USD 10.5 billion in 2022, Anticipates 7% CAGR Surge Until 2030

Global Soy Milk Market: In-Depth Analysis and Forecasts for 2024-2030

MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Soy Milk Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Soy Milk Market: 2024-2030

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.

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What are the primary factors driving the growth of the 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.

Soy Milk Market Segmentation:

The Soy Milk market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

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

Geographical Analysis into the Soy Milk Market:

The Soy Milk market is categorized based regional:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

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Competitive Landscape and Soy Milk Market Share Analysis:

The competitive landscape of the Soy Milk Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

  • 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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Questions Addressed in this Study

  1. What factors are driving the Soy Milk Market growth?
  2. How is the Soy Milk Market expected to grow over the next five years?
  3. What are the key insights into the current trends in the Soy Milk Market?
  4. What is the current size of the Soy Milk Market, and how is it projected to change in the future?
  5. What is the future outlook for the Soy Milk Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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