Soy Beverage Market By Excellent Opportunities, Industry Growth, Size, And Statistics Forecasts Up To 2032

 The global soy beverage market is set to witness growth at a CAGR of 6.2% and is anticipated to reach a valuation of around USD 41.1 Bn by 2032.

Soy beverages have become popular among consumers due to their ease of availability and various scientific evidence proving that these beans have numerous health benefits, such as lowering the risk of developing cancer cells in the body and reducing cholesterol level in the blood. Moreover, owing to its nutritional value, soy beverages are eventually substituting less healthful drinks such as sodas and alcoholic beverages.

Apart from being a balanced source of protein, soy beverages also contain key minerals like vitamin B, fiber, and omega-3 fatty acids. All of these nutrients are essential for infant growth and pregnant women, and a variety of other benefits for children and adults. It is a nutritious replacement for animal based beverages mainly dairy products, and hence a decent vegetarian protein source. However, consumers are increasingly choosing homemade protein-rich beverages over processed soy products, which is expected to hamper the market’s growth over the forecast period.

Key Takeaways from Market Study

  • The global soy beverage market is anticipated to reach a valuation of around USD 22.5 Bn by 2022 end
  • The market is segmented based on flavor, wherein unflavored soy beverage is anticipated to account for around 50% of the market share over the forecast period.
  • The European soy beverage market is expected to witness significant growth over the forecast period.
  • Sales of soy beverage over offline sales channel to hold a major chunk of the market in the coming years
  • East Asia is expected to emerge as a important market for soy beverage market in the projected period

“Rising cases of lactose intolerant consumers to replace dairy based beverages with soy beverages,” says a Future Market Insights analyst.

Competitive Landscape

The market for soy beverages is highly fragmented owing to the presence of multiple international player such as The Hershey Co., Trader Joe’s and Danone and local players such as Vitasoy International Holdings Limited and Pureharvest, especially in developing countries. The manufacturers in the market mainly focus on introducing new items to their existing portfolios and indulge in aggressive inorganic tactics such as acquisitions and mergers to remain afloat in the competitive environment. For instance:

  • In April 2021, WhiteWave was acquired by a leading company, Danone as a strategic move to expand their business and add to their plant-based product portfolio specifically their brand Silk, primarily selling soy milk
  • The Hain Celestial Group, Inc., a leading organic and natural products company, announced their WestSoy® seitan, tofu and tempeh businesses had been sold to Keystone Natural Holdings, a Keystone Capital portfolio company focused on plant-based foods. However, the WestSoy® plant-based beverage company selling soy milks was not part of the strategic divestment and was kept by the company

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global soy beverage market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Soy Beverage Market by Category

By Product Type:

  • Soy Milk
  • Soy Drinkable Yogurt

By Flavor:

  • Flavored Soy Beverage
  • Unflavored Soy Beverage

By Sales Channel:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region:

  • North America
  • Latin America
  • Europe
  • Middle east and Africa
  • East Asia
  • South Asia
  • Oceania

Frequently Asked Questions

  • What is the current worth of the soy beverage market?
  • At what CAGR is the soy beverage market growing over the forecast period?
  • How much is the soy beverage market expected to be valued at by 2032 end?
  • Which region is expected to lead the market for soy beverage?
  • Who are the major players in the soy beverage market?

Information Source: https://www.futuremarketinsights.com/reports/soy-beverage-market  

Comments

Post a Comment

Popular posts from this blog

Chewable Energy Tablet Market Potential Growth, Share, Demand and Analysis of Key Players — Forecasts to 2034

 The global  chewable energy tablet market  value is estimated to total  US$ 478.9 million  in 2024. It will likely exhibit a CAGR of  8.9%  throughout the forecast period, totaling a valuation of  US$ 1,120.6 million  by 2034. Consumers mostly prefer orange-flavored chewable energy tablets owing to their perceived health benefits and other advantages. As per the latest analysis, the orange flavor segment will likely progress at a CAGR of  5.6%  through 2034. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-19020 Several factors are predicted to fuel the growth of the chewable energy tablet industry during the assessment period. These include: Increasing demand for convenient and portable energy sources Growing health consciousness Rising preference of fitness enthusiasts towards chewable energy products Escalating  demand for functional foods Ava...
Read more

Canned Soup Market Growth Opportunities, Industry Analysis, Size, Share, Geographic Segmentation & Competitive Landscape Report To 2032

 The  canned soup market  is witnessing significant growth in recent years due to the convenience it offers to consumers. Canned soups are a quick and easy meal option, saving time and effort in the kitchen. With an increasing number of working individuals and busy lifestyles, the demand for ready-to-eat meals is soaring. Additionally, the pandemic has further driven the market, as people seek shelf-stable, long-lasting food options during lockdowns. The global canned soup market is anticipated to rise at a CAGR of 6.6% over the projected period, reaching a market value of US$ 2.8 Bn by 2022. Furthermore, consumers prefer canned soup products to alternative protein sources because of benefits such as balanced macro and micronutrients, as well as high protein content. As the consumption of processed foods is increasing across the globe, the demand in the market is expected to surge. Dive into the dynamic world of the Canned Soup Market with our exclusive Sa...
Read more

Moringa Tea Market Size 2024 Global Industry Share, Top Players, Opportunities And Forecast To 2034

 The global  moringa tea market  size to record a valuation of US$ 8,001.40 million in 2024. Looking ahead to 2034, the current forecast projects a CAGR of 10.40% throughout. Current projections of the moringa tea industry imply a valuation of US$ 21,456.10 million by 2034. Impelling Causes Bolstering Moringa Tea Demand Owing to its health benefits, moringa tea is a proliferating trend among other tea beverages on the market, such as the well-known matcha tea. The market niche of moringa tea is evolving due to its appeal to tea lovers and health-conscious consumers. Moringa tea stands out from other tea products due to its high nutritious content and lack of caffeine. Among the products made from moringa are oil, tea, seeds, and other health-related items. The global moringa tea market is augmenting due to the ease with which raw materials can be obtained and the extensive network of exporters of moringa tea. Request a Sample Report!  https://www.futuremarket...
Read more