Soy Milk Market Size, Share, Growth, Trends Analysis and Forecast - 2025


Posted August 6, 2020 by farazp70

The global soy milk market is anticipated to grow at a CAGR of around 6% during the forecast period. The market growth is attributed to the recent surge in the population with a preference

 
The global soy milk market is anticipated to grow at a CAGR of around 6% during the forecast period. The market growth is attributed to the recent surge in the population with a preference for vegan and vegetarian diets. Soy milk has a creamy texture and non-dairy composition with an excellent nutrient profile. Soy milk offers numerous health benefits such as the reduced risk of cardiovascular disease, lowered cholesterol, and reduced risk of cancer, which is increasing its adoption across the globe. This is expected to significantly drive the shares of the soy milk market during the forecast period.

Moreover, animal milk’s preference among the population is lowering considerably in recent years owing to anxieties about bovine antibiotics, animal cruelty, and the industry’s environmental impact. This in turn, is surging the demand for dairy alternatives such as soy milk. In addition to this, the increased awareness regarding lactose intolerance across the globe is also propelling the soy industry growth and in turn, tend to expand the soy milk market size.

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Some of the key players of the soy milk market include Kikkoman Corp., Danone SA, The Hain Celestial Group, Inc., The Hershey Co., SunOpta Inc., Vitasoy international Holdings Ltd., and others.

Furthermore, traditional animal milk undergoes frequent adulteration and contained harmful pathogens, which result in increasing serious diseases such as tuberculosis and listeria. This is also expected to increase the demand for soy milk, and in turn, driving the soy milk market growth. Moreover, soy milk aids in reducing osteoporosis risk and buffer the effects of menopause. Hence, the adoption of soy milk by the female population is expected to be significantly high. This in turn, will be driving the soy milk market during the forecast period.

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Additionally, soy milk is found to be a safer and healthier substitute that can be consumed by the diabetic population. In various researches, it is found the soy milk consumption could decrease serum d-dimer level among type 2 diabetic patients with nephropathy. According to the International Diabetes Federation (IDF), 1 in every 11 people is suffering from diabetes that accounts for 463 million people across the globe. Since the population with diabetes is increasing very rapidly across the globe, the demand for soy milk will increase significantly.

Global Soy Milk Market- Segmentation

By Type

Plain Soy Milk
Flavoured Soy Milk
By Application

Desserts
Cheese & Snacks
Beverages

Global Soy Milk Market- Segment by Region

North America

US
Canada
Europe

Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific

China
Japan
India
Rest of Asia-Pacific
Rest of the World

Latin America
Middle East Africa
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Issued By Mr. Anurag Tiwari
Country India
Categories Business , Services , Technology
Last Updated August 6, 2020