Soy milk is a type of grain milk which is prepared by soaking dried soya beans which is grinded in water. Soy milk is a stable emulsion of water, oil, and protein. Soy milk is available in various flavors in the market which is also fortified with extra calcium and vitamins. Soy milk contains a high amount of essential ingredients such as carbohydrates, proteins, and calcium as compared to regular cow milk. Soy milk does not contain lactose and is highly preferred by consumers which are lactose intolerant and individuals that avoid dairy products, including vegan consumers. Manufacturers are offering innovative soy milk-based products which are fortified with vitamins such as vitamin B12 and B3, minerals, and iron for increasing their product quality. Soy milk is the most consumed milk alternative worldwide which are boosting the sales growth over the recent years. Soy milk is mostly consumed by individuals which are lactose intolerant, allergic to soy and soy-based products or milk products. Soy milk is rich in protein and is calcium fortified drinks.
Soy Milk Market Conspectus
Global Soy Milk Market Report demonstrated that Soy Milk market is poised to present surging growth during the predicted period from 7,456 million USD in 2019 to reach 12,139 million USD by 2026 with a CAGR of 7.21%. Global economic development, government regulations adjustment, related industry dynamics, industrial upgrading, and competition among market’s participators are some of the key factors that influence the Soy Milk market development. A distinctive and comprehensive picture of Soy Milk is embodied in the report.
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Major Participators Landscape
Various market pacemakers covered in the report are Kikkoman, So Delicious, Tayama, Pacific Bearing, Pacific Foods, Archipelago Botanicals, Dream, Bluediamond, Hain Celestial, Imagine Foods, J F Lazartigue, NOW Foods, WhiteWave, Zen, and Eden Foods. The report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies, which will help companies create strategies to take advantages of the emerging opportunities in the future. Production and consumption are estimated to continue developing with a stable growth rate during the forecast period. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
Market Dynamics Abstract
First and foremost, the market growth is primely attributed to the increasing demand for lactose-free food products due to the ease of digest. Secondly, growing consumer awareness regarding usage of lactose-free dairy products in daily life and growing population of lactose intolerance consumers are also giving impetus to the Soy Milk market growth. However, the peculiar taste of the soy milk which significantly differs from the cow milk, the emergence of other dairy alternatives, and competition from beverage manufacturing industries are factors that projected to hinder the market growth.
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Soy Milk Type Abstract
On the basis of the type, the Soy Milk can be bifurcated into Full-fat soy milks, Low-fat soy milks, and Other.
Soy Milk Application Abstract
The Soy Milk is commonly used into Functional Beverages, Infant Formula, Weight Loss Products, and Bakery Products.
Functional beverages segment accounted for the maximum market share in 2018. The beverages segment accounted for the largest market share of 42.2% in 2018. Soy milk is used as a daily substitute for cow milk either for direct consumption or in coffee and tea or with breakfast cereals. Infant formula segment is anticipated to grow rapidly during the forecast period owing to the high protein content.
Key Regions Overview
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.
The Asia Pacific dominated the Soy Milk market with a share of 40.56% and expected to witness robust growth during the predicted years. This is mainly attributed to the rising disposable income, demand for processed food, and growing awareness on diet health. North America is currently leading Europe with a share of 26.07% and 23.12% due to increasing consumption of non-dairy alternatives. Besides, a large population of lactose intolerant consumers in these regions is propelling the growth of soymilk market. Moreover, the rising population of health-conscious people followed by awareness of lactose intolerance add fuel to the growth of the global soymilk market.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Soy Milk Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Soy Milk Market by Types
4 Segmentation of Soy Milk Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Soy Milk Market in Major Countries
7 North America Soy Milk Landscape Analysis
8 Europe Soy Milk Landscape Analysis
9 Asia Pacific Soy Milk Landscape Analysis
10 Latin America, Middle East & Africa Soy Milk Landscape Analysis
11 Major Players Profile
11.1 Kikkoman
11.1.1 Kikkoman Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 So Delicious
11.3 Tayama
11.4 Pacific Bearing
11.5 Pacific Foods
11.6 Archipelago Botanicals
11.7 Dream
11.8 Bluediamond
11.9 Hain Celestial
11.10 Imagine Foods
11.11 J F Lazartigue
11.12 NOW Foods
11.13 WhiteWave
11.14 Zen
11.15 Eden Foods
…
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