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Global Soy Milk Market Research Report: Forecast (2024-2030)

Soy Milk Market - By Type (Flavored, Unflavored), By Application (Food & Beverages (Bakery & Confectionery, Beverages, Desserts), Dietary Supplements), By Distribution Channel (Offline (Supermarkets/H... ... line (Supermarkets/Hypermarkets, Convenience Stores, Specialty Bakery/Stores), Online), and others Read more

Food & Beverages
Aug 2023
Pages 189
Report Format: PDF, Excel, PPT

Market Definition

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.

Market Insights & Projections: Global Soy Milk Market (2024-30)

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.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	7%
Regions Covered	North America: The US, Canada, Mexico, Rest of North America
	South America: Brazil, Argentina, Rest of South America
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, Japan, India, Australia, Rest of Asia Pacific
	Middle East & Africa: GCC, South Africa, Rest of Middle East and Africa
Key Companies Profiled	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.)
Market Value in 2022	USD 10.5 Billion

Moreover, as lactose intolerance has become quite common among the global population, numerous companies in the food & beverages industry are expanding their product portfolio & bringing lactose-free products like soy milk, drawing a massive consumer base & their substantial shift toward non-dairy alternatives. Furthermore, as numerous individuals are inclined toward using soy milk to balance their nutritional value & maintain health, several food chains are also using soy, almond, rice, & oats milk in food & beverages for consumers.

However, unlike regular cow milk, soy milk offers easy refrigeration & added benefits like longer shelf life, making them a suitable non-dairy alternative. Such factors have also widened their utilization in applications like bakery & confectionary, dietary supplements, and others to make products like cakes, bread, muffins, desserts, & various beverages, therefore enhancing the Global Soy Milk Market size in the future years.

Introduction
1. Product Definition
2. Research Process
3. Market Segmentation
4. Assumptions
Preface
Executive Summary
Impact of Covid-19 on the Global Soy milk Market
Global Soy milk Market Trends & Insights
Global Soy milk Market Dynamics
1. Drivers
2. Challenges
Global Soy milk Market Regulations & Policies
Global Soy milk Market Supply Chain Analysis
Global Soy milk Market Hotspots & Opportunities
Global Soy milk Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
    1. Flavored
    2. Unflavored
  2. By Application
    1. Food & Beverages
      1. (Bakery & Confectionery, Beverages, Desserts)
    2. Dietary Supplements
  3. By Distribution Channel
    1. Offline
      1. Supermarkets/Hypermarkets
      2. Convenience Stores
      3. Specialty Bakery/Stores
    2. Online
  4. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia-Pacific
  5. By Company
    1. Competition Characteristics
    2. Market Share of Leading Companies, By Revenues
North America Soy milk Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Type
  2. By Application
  3. By Distribution Channel
  4. By Country
    1. The US
    2. Canada
    3. Mexico
    4. Rest of North America
3. The US Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
4. Canada Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
5. Mexico Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
South America Soy milk Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Type
  2. By Application
  3. By Distribution Channel
  4. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
4. Argentina Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
Europe Soy milk Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Type
  2. By Consumption
  3. By Application
  4. By Distribution Channel
  5. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. Germany Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
4. The UK Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
5. France Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
6. Italy Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
7. Spain Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
Middle East & Africa Soy milk Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Type
  2. By Consumption
  3. By Application
  4. By Distribution Channel
  5. By Country
    1. GCC
    2. South Africa
    3. Rest of Middle East & Africa
3. GCC Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
4. South Africa Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
Asia-Pacific Soy milk Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Type
  2. By Consumption
  3. By Application
  4. By Distribution Channel
  5. By Country
    1. India
    2. China
    3. Japan
    4. Australia
    5. Rest of Asia-Pacific
3. India Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
4. China Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
5. Japan Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
6. Australia Soy milk Market Outlook, 2019- 2030F
  1. Market Size and Analysis
    1. By Revenues in USD Million
  2. Market Share and Analysis
    1. By Type
    2. By Application
Global Soy milk Market Key Strategic Imperatives for Growth & Success
Competition Outlook
1. Competition Matrix
  1. Brand Specialization
  2. Target Markets
  3. Target End-Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
2. Company Profiles
  1. Alpro
  2. American Soy Products
  3. Campbell Soup Company
  4. Danone S.A.
  5. Eden Foods
  6. Hain Celestial Group, Inc.
  7. Kikkoman Corporation
  8. Organic Valley
  9. Pureharvest
  10. Pacific Natural Foods
  11. Panos Brands
  12. SunOpta
  13. Sanitarium
  14. The Hershey Company
  15. Vitasoy International Holdings
  16. WhiteWave Foods
  17. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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