Market Size of United States Soy Beverages Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.01 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
USA Soy Beverages Market Analysis
United States soy beveragesmarket is projected to register a CAGR of 6.01% during the forecast period (2020-2025).
- The various health benefits of soy milk such as less cholesterol, heart disease reduction and the increasing number of health-conscious consumers in the country is a driving factor for the market.
- Furthermore, the soy beverage market in the countryis driven by the people who prefer a plant-based diet or those suffering from dairy allergies, since it contains calcium and other vitamins.
USA Soy Beverages Industry Segmentation
United States soy beverage market is segmented by Product Type, flavor, and distribution channel. On the basis of product type, the market is segmented into Soy Milk and Soy-Based Drinkable Yogurt. On the basis of flavor, the market is segmented into Flavored and Plain/Unflavored. On the basis of distribution channel, the market is segmented into Supermarkets/Hypermarkets, Pharmacy, Retail Stores, Convenience Stores, online store, and Others.
| By Product Type | |
| Soy Milk | |
| Soy-Based Drinkable Yogurt |
| By Flavor | |
| Plain Soy Beverages | |
| Flavored Soy Beverages |
| By Distribution Channel | |
| Supermarket/hypermarkets | |
| Convenience Stores | |
| Pharmacies/Drug Stores | |
| Online Stores | |
| Others |
United States Soy Beverages Market Size Summary
The United States soy beverages market is experiencing significant growth, driven by the increasing health consciousness among consumers and the rising demand for plant-based diets. The health benefits of soy milk, such as reduced cholesterol and heart disease risk, are attracting a growing number of consumers. Additionally, the market is bolstered by individuals with dairy allergies or those who are lactose intolerant, as soy beverages offer a lactose-free alternative that meets their dietary needs. The prevalence of lactose intolerance in the country has led to a shift towards dairy-free options, with soy beverages serving as a popular substitute due to their calcium and vitamin content. Advances in food processing technology have further expanded the variety of soy foods available, appealing to a broader audience.
The market is characterized by a consolidated landscape, with major players like Danone and The Hain Celestial Group, Inc. leading the industry. These companies are focusing on market expansion and innovation, particularly in online delivery and product variety, to strengthen their market position. Organizations such as the Soyfoods Association of North America are actively promoting the inclusion of soy foods in consumer diets, highlighting their health benefits and influencing purchasing decisions. The competitive environment is marked by strategic efforts from key players to optimize their offerings and capture a larger share of the growing market.
United States Soy Beverages Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Soy Milk
-
2.1.2 Soy-Based Drinkable Yogurt
-
-
2.2 By Flavor
-
2.2.1 Plain Soy Beverages
-
2.2.2 Flavored Soy Beverages
-
-
2.3 By Distribution Channel
-
2.3.1 Supermarket/hypermarkets
-
2.3.2 Convenience Stores
-
2.3.3 Pharmacies/Drug Stores
-
2.3.4 Online Stores
-
2.3.5 Others
-
-
United States Soy Beverages Market Size FAQs
What is the current United States Soy Beverages Market size?
The United States Soy Beverages Market is projected to register a CAGR of 6.01% during the forecast period (2024-2029)
Who are the key players in United States Soy Beverages Market?
Danone S.A., KIKKOMAN SALES USA, INC., Hain Celestial, Eden Foods and Stremick's Heritage Foods are the major companies operating in the United States Soy Beverages Market.
