About Dairy & Soy
Dairy products are a type of food which is mainly produced from or containing the milk of mammals. On the other hand, soy foods are a dairy-free product that includes soy milk, soy cheese, etc. Non-dairy milk alternative represents the milk substitute for people suffering from milk intolerance and allergy. Naturally occurring ingredients from soy can interfere with the body’s ability to absorb iron, calcium, and iodine. The Asia Pacific is forecasted to be the largest region for the growth of the dairy & soy market owing to the growing population coupled with improving the economy of developing countries such as China and India.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Clear ice makersThe Vendors having a strong hold in the market are Valio Oy, PepsiCo, Danone, and Gujarat Cooperative Milk Marketing Federation Ltd.. Analyst at AMA Research estimates that Netherlands, France and China Vendors will contribute the maximum growth to Global Dairy & Soy market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Valio Oy (Finland), PepsiCo (United States), Danone (France), Gujarat Cooperative Milk Marketing Federation Ltd. (India), Molvest (Russia), Inner Mongolia Mengniu Dairy Industry Co Ltd. (China), Hochland AG (Germany), Wimm-Bill-Dann JSC (Russia), Groupe Lactalis (France) and Mother Dairy Fruit & Vegetable Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Yasar Holding A.S. (Netherlands), Savushkin Product (Belarus), Yildiz Holding AS (Netherlands), Dardanel Onentas Gida Sanayi AS (Netherlands), Karnataka Co-operative Milk Producers Federation Ltd. (India), Milkiland (Netherlands), Yili Group (China), Want Want China Holdings Limited (China) and Vinamilk (Vietnam).
Segmentation Overview
AMA Research has segmented the market of Global Dairy & Soy market by Type (Dairy Food and Soy Food), Application (Home Use and Commercial Use) and Region.
On the basis of geography, the market of Dairy & Soy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid will boost the Dairy & Soy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Rigid Plastic (Container, Bottles) will boost the Dairy & Soy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Off-Trade (Hypermarkets, Supermarkets, Convenience Stores, Mini Markets, Kiosks, Wines & Spirits Shops, Etc.) will boost the Dairy & Soy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Protein-Based Milk Products, Cheese and Yoghurt owing to Prevention of Metabolic Syndrome and Diabetes and Plant-Based Product, by the Emergence of the ‘Flexitarian’ Consumer as well as Increased Numbers of Vegetarians and Vegans
Market Growth Drivers:
Growing consumer desire to boost nutritional intake of nutrients such as calcium and protein as well as micronutrients such as vitamins and minerals available naturally in dairy products is driving demand for dairy & soy food with health & wellness attributes. and Continued Urbanization and Changing Consumption Patterns towards Westernized Foods
Challenges:
Increasing Complexity of Dairy Production and Distribution, Constantly Changing Consumption Demand and Improved Safety and Quality
Restraints:
Diets such as Palaeolithic Diet and Vegan, Restrict the Intake of Dairy Products, Poor Cold Storage Infrastructure and Saturated Consumption Levels Due To the Rise in Veganism and Concerns about Animal Welfare
Opportunities:
Sales of Soymilk & Soy Drinks with Health & Wellness Claims and Demand for Products with 'All Natural' Claims as Consumers Perceive Natural and Organic Products to Be Better In Quality
Market Leaders and their expansionary development strategies
In February 2023, Moring nutritional food Japan-based tofu manufacturer had acquired U.S. plant-based food company, Tofurky. with this acuisition, help maximixe efficiency and increses production capabilities of campany.
On September , 2019, The Osuuskunta Maitosuomi co-operative, a part of the Valio Group begins its operation upon the merger of the Osuuskunta ItäMaito and Maitosuomi co-operatives.
The Soy Foods Association of America recommends that all manufacturers and marketers of soymilk and soymilk products comply with the standards for such products. The FDA has concerns that the labeling of some plant-based products may lead consumers to believe that those products have the same key nutritional attributes as dairy products, even though these products can vary widely in their nutritional content.
Key Target Audience
Manufacturers and Vendors, Raw Material Supplier, Distributors and Dealers, Health and Wellness Centres and Government and Research Organization
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.