Soy Milk Market Key Players Review, Recent Developments, Size, Share, Industry Growth Strategies, Regional Outlook and 2019-2023 Future Market Analysis

18/lug/2019 12:48:12 Tejas Amale Contatta l'autore

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Market Overview

Soymilk market is witnessing a rapid growth owing to high nutritional value and various applications across the food industries. It is primarily used for the preparation of various products such as desserts, snacks, non-dairy cheese, and healthy beverages. These factors have a positive influence on the growth of this market. In addition, the absence of lactose is the main factor for the growth of market power, which has increased its popularity among the lactose intolerant consumers. The production and consumption of soymilk are high in the North American region and projected to increase over the given forecast period.

Market Forecast

The global soymilk market share is expected to grow at a higher growth rate supported by rise in health conscious lifestyle and increasing consumer awareness on lactose intolerance. The prevalence of lactose intolerance cured by self-diagnosed cases has given market rise to soymilk for dairy consumption with lactose free offerings. Rising population of individuals with lactose intolerance is identified to be increasing in America, which propels the growth of this market. 

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All these factors will contribute to the estimated CAGR of 3.2% of soymilk market during the forecast period 2017-2023.

Competitive Analysis

The Major Key Players in the Soymilk Market are

  • Eden Foods, Inc. (the U.S.)
  • Vitasoy International Holdings LTD (China)
  • Organic Valley (the U.S.)
  • The Hershey Company (the US)
  • Alpro (Belgium)
  • Soy Fresh (India)
  • Kikkoman Corporations (Japan)

Soymilk Manufacturers of various product categories and product focus on R & D to penetrate the global market and to meet the growing demand for the product. Enhance its market share by increasing its market share. The US, dominates the share in North America and exports the product to various other countries, which includes Canada, China, Mexico, Japan, Indonesia and others.


The global Soy milk market has been segmented on the basis of type, application, and region.

On the basis of type, sweetened soymilk dominates the global market based on high consumer demand for flavored beverages the flavor of unsweetened soymilk. Still, based on the flavor, vanilla dominated the market for high demand for conventional and natural flavors in the product.

On the basis of application, consumers are more inclined towards healthy beverages, which has increased its application as a major ingredient in beverage products. Also, rising demand for healthy eating, the sale of health is experiencing a surge. Furthermore, the store based on soymilk dominates the distribution channel owing to consumers' preferred shopping experience.

Regional Analysis

Global Soy milk is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America holds a major market share followed by Asia Pacific. High demand for soymilk two to high nutritional value and high demand for dairy substitutes is contributing to the positive growth of the market. The Netherlands, China, Mexico, Japan, and Germany are the major importers of soymilk across the globe. Developed trading channels and high demand for healthy food are also driving the growth of the market in these countries.

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