Soy Beverage Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Product Type (Soy Milk, Soy Yogurt, Others), By Flavor (Flavored, Unflavored), By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Departmental Stores, Online, Non-Retail), By Region, Competition
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationSoy Beverage Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Product Type (Soy Milk, Soy Yogurt, Others), By Flavor (Flavored, Unflavored), By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Departmental Stores, Online, Non-Retail), By Region, Competition
The global soy beverage market is witnessing robust growth owing to the increased consumer demand for dairy substitutes.
Soy beverage is a non-dairy beverage made from soybeans that is preferred as a substitute for cow's milk. It's made from soybeans and many brands, enhance it with vitamins and minerals including vitamin D and calcium. Soy beverages are found at in a variety of forms such as soya milk, soya yogurt, soya juice, and soya buttermilk. Soy milk has a wide range of culinary uses, a creamy texture, and a nutritious nutritional composition that includes vital omega-3 fatty acids and flavonoids, which have antioxidant, anti-inflammatory, and cardioprotective qualities. Soy yoghurt, often known as soya yoghurt, is a type of yoghurt prepared from soy milk.
According to the U.S. Department of Agriculture (USDA), a 1 cup serving of plain, unsweetened soy milk contains 100 calories, 4.9 grams fat, 7 gm carbohydrates, and many others. Moreover, according to Good Food Institute,
Growing Health Concerns Boosted Consumption of Soy Beverages
Soy beverages are becoming popular due to increased soy availability and scientific evidence proving several health benefits of the beans, such as lowering blood cholesterol and lowering the risk of certain cancers. Furthermore, owing to their nutritional composition, soy beverages are used as a replacement for less healthful drinks. Soybean-based products, in addition to being a complete source of protein, also contain fiber, B vitamins, and omega-3 fatty acids.
Demand for Lactose-Free Beverages is Driving the Expansion of Soy Beverage Sales
Lactose intolerant customers all over the world are increasingly demanding lactose-free food products, such as soy drinks, to meet their specific dietary needs. Patients suffering from this condition commonly have difficulty in digesting fresh milk, resulting in a reduction in dairy product consumption. This is due to the fact that most dairy farm cows produce milk with a high concentration of A1 protein, which may cause abdominal pain, diarrhea,
Expansion of Soy Beverage Product Range is Driving the Market Growth
Another factor which is expanding the market growth is the expansion of product range of soy beverage. Moreover, with the addition of flavors such as vanilla, chocolate, and strawberry by manufacturers to offset the nutty taste of soy milk is increasing demand among children.
Market Segmentation
The global soy beverage market is segmented based on product type, flavors and distribution channel. The market is divided into
Company Profiles
Danone S.A., Kikkoman Sales USA, INC., The Hain Celestial Group, Inc., The Hershey Co.,
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Product TypeFlavorDistribution ChannelRegion |
| Regional Scope | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Country Scope | United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, China, India, Japan, South Korea, Australia, Saudi Arabia, UAE, South Africa, Turkey, Brazil, Argentina, Colombia |
| Key Companies Profiled | Danone S.A., Kikkoman Sales USA, Inc., The Hain Celestial Group, Inc., The Hershey Co., Eden Foods, Inc., Pacific Foods of Oregon, LLC, Devansoy Inc., SunOpta, Inc., American Soy Products Inc, Vitasoy International Holdings Limited |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
- Soy Beverage Market, By Product Type
- Soy Milk
- Soy Yogurt
- Others
- Soy Beverage Market, By Flavor
- Flavored
- Unflavored
- Soy Beverage Market, By Distribution Channel
- Supermarket/Hypermarket
- Convenience Stores
- Departmental Store
- Online
- Non-Retail
- Soy Beverage Market, By Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
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