Market Insights

As per recent research by MarkNtel Advisors, 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.

Global Soy Milk Market Drivers:

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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Market Segmentation and Consumer Behavior:

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

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Soy Milk Market Geographical Analysis:

By Region:

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

Key Players and Competitive Strategies in the Soy Milk Market

Several prominent players dominate the Soy Milk Market, including:

• 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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