What is RTD Soy Milk Market?
Ready to drink Soy Milk, are drinks that are packed in single-use containers for immediate consumption. Due to the rising consumer demand, ready to drink Soy Milk also known as just RTD, are taking over the market shelves. Food companies spend time and money testing and analyzing how consumers think and feel every time a new product is launched in the market. Use of human subjects in sensory evaluation tests is done in research and development departments to generate and evaluate products often on an on-going basis.
Highlights from RTD Soy Milk Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Similac (United States), NOW Foods (United States), Unisoy (United States), PANOS (United States), ORBITEL INTERNATIONAL CORP (United States), Wyeth (United States), IMPERIAL FOOD CO., LTD(United States), Weiwei Group (United States), Karicare (United States), Wakodo (Japan), ORBITEL INTERNATIONAL CORP. (United States), Blackcow (Italy), KUANG CHUAN DAIRY CO., LTD. (China), Enfamil (United States) and FERVENCY INTERNATIONAL CO., LTD.(India)|
The key manufacturers are targeting the innovations of the products with better quality, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global RTD Soy Milk market throughout the forecasted period. Similac (United States), NOW Foods (United States), Unisoy (United States), PANOS (United States), ORBITEL INTERNATIONAL CORP (United States), Wyeth (United States), IMPERIAL FOOD CO., LTD(United States), Weiwei Group (United States), Karicare (United States), Wakodo (Japan), ORBITEL INTERNATIONAL CORP. (United States), Blackcow (Italy), KUANG CHUAN DAIRY CO., LTD. (China), Enfamil (United States) and FERVENCY INTERNATIONAL CO., LTD.(India) are some of the key players profiled in the study.
RTD Soy Milk Market Segmentation:
|Type||Whole Soybeans Based and Full-Fat Soy Flour Based|
|Distribution Channels||Offline Channel,Online Channel|
|By Flavor||Soya Chocolate,Soya Honeydew,Soya Strawberry,Others|
On the basis of geography, the market of RTD 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Introducing to New variety of flavour RTO Soy Milk is attracting a new generation and Providing and Manufacturing Clean Label products with Exact Content
Market Growth Drivers:
Increase in Global RTD Soy Milk Due to Increasing Number of Ready to Drink Consumers and Demand for Low Glycemic Index Foods is driving to Substitute Ingredients like Sugar with Low Glycemic Sweeteners.
Continuously Changing Consumer Preferences
Insufficient Muscle Growth and Other Health Issues like Breast Cancer or Discomfort and Growing Government Taxes of Food & Beverages Can Hamper the Growth
Increasing health awareness among consumers about the nutritional value of soy milk over dairy-based drinks. and Rising Number of Places where these RTD Soy Milk are Made and Served
Key Target Audience
RTD Soy Milk Manufacturers, Suppliers and Distributors of RTD Soy Milk, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
On 4th June 2022, Tofusan has recently released a new Japanese Sweet Potato Soy Milk. The soy milk is a source of protein and is free from vegetable oil and added flour. Priced at THB 20, Tofusan Japanese Sweet Potato Soy Milk is available at 7-Eleven in Thailand.