Market Size of Europe Soy Beverages Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.30 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Soy Beverages Market Analysis
Europe soy beveragesmarket is projected to register a CAGR of 5.3% during the forecast period (2020-2025).
- The increasedprevalence of soy milk in retail outlets like supermarket/hypermarkets have enabledconsumers to purchase the products with ease.
- Furthermore, the increasing awareness related to the health benefits of vegan drinks such as almond and soymilk among people in the region is further fuelling the growth of the market.
Europe Soy Beverages Industry Segmentation
Europe soy beverage market is segmented by product type which includes soy milk and soy-based drinkable yogurt. The market is divided based on flavor including flavored and plain/unflavored. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, pharmacy, convenience stores, online retail stores, and others. The study also involves the analysis in regions such as the United Kingdom, Germany, France, Spain, Italy, Russia and Rest of Europe.
By Product Type | |
Soy Milk | |
Soy-Based Drinkable Yogurt |
By Flavor | |
Plain Soy Beverages | |
Flavored Soy Beverages |
By Distribution Channel | |
Supermarket/ Hypermarkets | |
Pharmacies/ Drug stores | |
Convenience Stores | |
Online Stores | |
Others |
By Geography | |
United Kingdom | |
Germany | |
France | |
Spain | |
Italy | |
Russia | |
Rest of Europe |
Europe Soy Beverages Market Size Summary
The European soy beverage market is experiencing notable growth, driven by the increasing consumer awareness of the health benefits associated with vegan drinks like soy milk. The convenience of purchasing soy milk from retail outlets such as supermarkets and hypermarkets has further facilitated its widespread adoption. A significant factor contributing to the market's expansion is the rising demand for lactose-free alternatives, as many consumers in the region are self-diagnosed with lactose intolerance. This trend has led to a surge in the consumption of plant-based milk products, including soy milk, as consumers seek to meet their health and wellness goals with dairy-free options.
The market is characterized by a consolidated landscape, with major players such as Danone S.A., Kikkoman Corporation, Hain Celestial, and Eden Foods dominating the scene. These companies are responding to the diverse tastes and preferences of consumers by offering a variety of soy milk options, including flavored and plain, as well as sweetened and unsweetened varieties. The availability of soy milk is further supported by the European Union's substantial imports of soybeans, primarily from the United States, which are used to meet the growing demand for soy beverages. Despite the competition from other milk substitutes like almond, hemp, and rice milk, soy milk continues to be a popular choice among consumers in Europe.
Europe Soy Beverages Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Soy Milk
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2.1.2 Soy-Based Drinkable Yogurt
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2.2 By Flavor
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2.2.1 Plain Soy Beverages
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2.2.2 Flavored Soy Beverages
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2.3 By Distribution Channel
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2.3.1 Supermarket/ Hypermarkets
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2.3.2 Pharmacies/ Drug stores
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2.3.3 Convenience Stores
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2.3.4 Online Stores
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2.3.5 Others
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2.4 By Geography
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2.4.1 United Kingdom
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2.4.2 Germany
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2.4.3 France
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2.4.4 Spain
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2.4.5 Italy
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2.4.6 Russia
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2.4.7 Rest of Europe
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Europe Soy Beverages Market Size FAQs
What is the current Europe Soy Beverages Market size?
The Europe Soy Beverages Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)
Who are the key players in Europe Soy Beverages Market?
Danone S.A., Hain Celestial, Eden Foods, Vitasoy International Holdings Limited and Sojade are the major companies operating in the Europe Soy Beverages Market.