Soy Milk Market Scope
Soy milk has become an alternative to dairy-based milk and milk products due to its various advantages over cow milk. Increasing demand for soy milk and other non-dairy products among consumers due to growing awareness about health benefits and rising vegan populations across the globe. Soy milk is highly utilized as an alternative to cow milk for children who have lactose intolerant and allergies to cow milk. The inclination toward the plant-based diet among the gym-going and health-conscious people to maintain or lose weight will boost the demand for Soy milk.
|Unit||Value (USD Million)|
|Key Companies Profiled||WhiteWave Foods (United States), Hain Celestial (United States), Eden Foods (United States), Stremicks Heritage Foods (United States), Organic Valley (United States), Pureharvest (Australia), Sanitarium (Australia), SunOpta (Canada), Vitasoy International Holdings (China) and Bowin International Limited (China)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering an innovative and superior-quality product to cater to the ever-growing demand for Soy Milk. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with automotive software companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Soy Milk market throughout the predicted period.
WhiteWave Foods (United States), Hain Celestial (United States), Eden Foods (United States), Stremicks Heritage Foods (United States), Organic Valley (United States), Pureharvest (Australia), Sanitarium (Australia), SunOpta (Canada), Vitasoy International Holdings (China) and Bowin International Limited (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Pacific Natural Foods (United States), Pa Earth's Own Food Company (Canada), Triballat Noyal (France), Valsoia S.P.A (Italy), Dohler GmBh (Germany), Organic Valley (United States), Panos Brands LLC (United States), Hain Tilda India Private Limited (India) and Future Consumer Limited (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Soy Milk market by Type , by Application (Bakery Products, Confectionaries, Meat Products, Functional Foods, Dairy Products, Infant Foods and Others) and Region with country level break-up.
On the basis of geography, the market of Soy Milk has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
In August 2021, EFKO Group One of Russia's largest mayonnaise and oil producers announced that it is Start producing of soy mild. EKFO is the largest soybean processor in Russia, and it taken initially only produce soy milk.
Influencing Trend:Rising Use of Organic Preservatives and Flavours in Manufacturing Soy Products, and Technological Advancements in Manufacturing of Soy Food Products
Market Growth Drivers:Increasing Adoption of Vegan Food Substitutes across the Globe
Challenges:Volatile Raw Material Prices Might Imbalance Pricing Strategies, and Continuously Changing Consumer Preferences
Restraints:Stringent Government Regulations Related To Food Product Manufacturers
Opportunities:Escalating Consumption of Healthy Food Products, and Introduction to Distinct Flavours Escalating the Demand for Soy Food Products
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others