Soy Beverage Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.10 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Soy Beverage Market Analysis
Global soy beverage market is projected to record CAGR of 6.1% during the forecast period (2019-2024).
- Soy-based products are thriving segment of food and beverages industry as it is gradually becoming a significant part of our diet. Moreover, soy-based products form a prominent source of nourishment for millions of livestock.
- Soy-based products are considered to be rich in nutritious content especially in carbohydrate, protein, omega 3 – fatty acid and contain no cholesterol. Owing to this these products are gaining popularity among health-conscious consumers.
Soy Beverage Market Trends
This section covers the major market trends shaping the Soy Beverages Market according to our research experts:
Rising Health Concern Increased the Consumption of Soy based Products
Soy beverages are consumed because of the increased availability of soy, and the scientific facts that proves many health benefits of the beans; including lowering blood cholesterol and reducing the risk of certain cancers. Additionally, soy beverages are consumed as a replacement for lesser-healthy drinks because of its nutrition content. Soybean-based foods, apart from being a complete source of protein, also contain other important nutrients, such as fiber, B vitamins and omega3 fatty acids. All these nutrients play an important role in the growth of infants, fetal growth in pregnant women, and provide various other benefits for children and adults alike. The rising health consciousness in the developing and developed regions is driving the soy beverages market.
Asia-Pacific holds the Major Share in Soy Beverages Market
Asia-Pacific has the highest market for soy beverages due to the rising disposable incomes and the demand for processed foods. It is followed by fast-growing markets like North America and Europe. With increasing lifestyle diseases and aging population in North America, consumers are drifting towards functional foods offering a broad spectrum of health benefits. The demand for soy beverages is also increasing in the developing regions of South America and Africa because of rising health concerns. The growing demand for soy-based products in the developing regions of South America and Africa provide a huge platform for the players to increase their presence and thus, increase their market share.
Soy Beverage Industry Overview
The introduction of new soy beverages provides a massive platform for the development of this growing market. Some of the major key players of the global soy drinks market includes Danone, Organic Valley and Kikkoman Pearl Soymilk, amongst others.
Soy Beverage Market Leaders
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Danone
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Organic Valley
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Kikkoman Pearl Soymilk
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The Hain Celestial Group
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ZenSoy
*Disclaimer: Major Players sorted in no particular order
Soy Beverage Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 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 Force 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 By Product Type
- 5.1.1 Soy Milk
- 5.1.2 Soy-Based Drinkable Yogurt
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5.2 By Flavor
- 5.2.1 Plain Soy Beverages
- 5.2.2 Flavored Soy Beverages
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5.3 By Distribution Channel
- 5.3.1 Supermarkets/Hypermarkets
- 5.3.2 Pharmacies/Drug Stores
- 5.3.3 Online Retail Stores
- 5.3.4 Convenience Stores
- 5.3.5 Others
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 United Kingdom
- 5.4.2.2 Germany
- 5.4.2.3 France
- 5.4.2.4 Russia
- 5.4.2.5 Italy
- 5.4.2.6 Spain
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia Pacific
- 5.4.3.1 India
- 5.4.3.2 China
- 5.4.3.3 Japan
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East & Africa
- 5.4.5.1 South Africa
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 Danone SA
- 6.4.2 Organic Valley
- 6.4.3 Kikkoman Pearl Soy Milk
- 6.4.4 The Hain Celestial Group
- 6.4.5 Eden Foods
- 6.4.6 ZenSoy
- 6.4.7 Trader Joe's
- 6.4.8 Jaffe Bros. Natural Foods
- 6.4.9 Devansoy
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Soy Beverage Industry Segmentation
Globalsoy beverages marketcan be segmented by type which is classified assoy milkand yogurt smoothies. They are highly recommended for the lactose intolerant or dairy allergic population. The protein content insoy milkis equivalent to that of cow milk but, unlike cow milk,soy milkhas little amounts of saturated fats and no cholesterol. On the basis of distribution channel the soy beverages market is classified assupermarkets/hypermarkets, pharmacy, retail stores, convenience stores, and others. Moreover, the study provides an analysis of the soy beverages market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Product Type | Soy Milk | |
| Soy-Based Drinkable Yogurt | ||
| By Flavor | Plain Soy Beverages | |
| Flavored Soy Beverages | ||
| By Distribution Channel | Supermarkets/Hypermarkets | |
| Pharmacies/Drug Stores | ||
| Online Retail Stores | ||
| Convenience Stores | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle East & Africa |
Soy Beverage Market Research FAQs
What is the current Soy Beverages Market size?
The Soy Beverages Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)
Who are the key players in Soy Beverages Market?
Danone, Organic Valley, Kikkoman Pearl Soymilk, The Hain Celestial Group and ZenSoy are the major companies operating in the Soy Beverages Market.
Which is the fastest growing region in Soy Beverages Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Soy Beverages Market?
In 2024, the Asia Pacific accounts for the largest market share in Soy Beverages Market.
What years does this Soy Beverages Market cover?
The report covers the Soy Beverages Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Soy Beverages Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Soy Beverage Industry Report
Statistics for the 2024 Soy Beverage market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Soy Beverage analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
