Brazil Soy Beverage Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.23 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Soy Beverage Market Analysis
Brazil Soy Beverages Market is projected to grow at a CAGR of 4.23% during the forecast period 2020-2025.
- Growing vegan population and an increasing number of people with lactose intolerance are the key factors driving the demand for soy milk as milk alternatives. Private label brands have played a pivotal role in the product development of the product, facilitated by the globally evolving retail landscape.
- Moreover, there has been an increasing demand for plant protein nutrients among consumers. The growing awareness about the health benefits has led to the increasing growth of the market studied.
Brazil Soy Beverage Market Trends
This section covers the major market trends shaping the Brazil Soy Beverages Market according to our research experts:
Growing Demand for Plant based Products
The growing awareness about the vegan lifestyle and animal product allergies are driving the plant-based products to demand in the country. Considering that most plant proteins are used in the form of nutritional and dietary supplements, such high levels of obesity are bound to create favorable opportunities for the soy protein market in Brazil. Moreover, in the South American region, Brazil contributes the largest share in the regional plant protein market. Furthermore, the high rate of production and popularity of wheat and soybean in the region aids the popularity of soy-based dairy alternatives.
Supermarkets/ Hypermarkets Remained the Largest Point of Sale
Supermarkets/hypermarkets have large consumer bases across the region. A common perception among consumers to fresh products through calculative decisions leads their way to these stores. As a result of which, supermarkets/ hypermarkets account for major sales of soy beverages across the region. Consumers prefer purchasing grocery products through supermarkets more, as it offers several products and brands to choose from, which saves time, energy, and money owing to several promotional discounts.
Brazil Soy Beverage Industry Overview
Brazil soy beverages market is competitive owing to the presence of few dominating players in the country primarily including The Hain Celestial Group and Danone S.A. However, the pre-dominance of private label brands portrays substantial competition to these players. Key players are focusing on acquisitions and mergers, in order to expand their geographical reach and increase their customer base.
Brazil Soy Beverage Market Leaders
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The Hain Celestial Group
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Danone S.A
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The Coca-Cola Company
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Jussara SA
*Disclaimer: Major Players sorted in no particular order
Brazil Soy Beverage Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables and Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Soy Milk
- 5.1.2 Soy-Based Drinkable Yogurt
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5.2 Flavor
- 5.2.1 Plain Soy Beverages
- 5.2.2 Flavored Soy Beverages
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5.3 Distribution Channel
- 5.3.1 Supermarkets/Hypermarkets
- 5.3.2 Online Retail Stores
- 5.3.3 Convenience Stores
- 5.3.4 Others
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Position Analysis
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6.3 Company Profiles
- 6.3.1 The Hain Celestial Group
- 6.3.2 Danone S.A
- 6.3.3 The Coca-Cola Company
- 6.3.4 Jussara SA
- 6.3.5 Lactalis
- 6.3.6 Kikkoman Corporation
- 6.3.7 Campbell Soup Company
- 6.3.8 Pureharvest
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Brazil Soy Beverage Industry Segmentation
Brazil Soy Beverages Market by type, flavor, and distribution channel. On the basis of type, the market is segmented into Soy Milk and Soy-Based Drinkable Yogurt. On the basis of flavor, the market is segmented into Plain Soy Beverages and Flavored Soy Beverages. On the basis of the distribution channels, the market is segmented into Supermarkets/ Hypermarkets, Online Retail Stores, Convenience Stores, and Others.
| Product Type | Soy Milk |
| Soy-Based Drinkable Yogurt | |
| Flavor | Plain Soy Beverages |
| Flavored Soy Beverages | |
| Distribution Channel | Supermarkets/Hypermarkets |
| Online Retail Stores | |
| Convenience Stores | |
| Others |
Brazil Soy Beverage Market Research FAQs
What is the current Brazil Soy Beverages Market size?
The Brazil Soy Beverages Market is projected to register a CAGR of 4.23% during the forecast period (2024-2029)
Who are the key players in Brazil Soy Beverages Market?
The Hain Celestial Group, Danone S.A, The Coca-Cola Company and Jussara SA are the major companies operating in the Brazil Soy Beverages Market.
What years does this Brazil Soy Beverages Market cover?
The report covers the Brazil Soy Beverages Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Soy Beverages Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Soy Beverages in Brazil Industry Report
Statistics for the 2024 Soy Beverages in Brazil market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Soy Beverages in Brazil analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
