Industry Background:
Soya milk has become an alternative to dairy-based milk and milk products due to its various advantages over cow milk. Increasing demand for soya milk and other non-dairy products among the consumers due to growing awareness about health benefits and rising vegan populations across the globe. Soya milk is highly utilized as an alternative to cow milk for children who have lactose intolerant and allergies to cow milk. The inclination toward the plant-based diet among the gym-going and health-conscious people to maintain or lose weight will boost the demand for Soya milk.This growth is primarily driven by Growing Demand for Plant-based Milk and Other Non-Dairy Products Due to Rapidly Increasing Vegan Populations and Increased Consumption of Soya milk among the People with Lactose Intolerant and Allergies of Cow's Milk.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | NOW Foods (United States), Urban Platter (India), Silk (United States), So Good (Sanitarium Healthfood Company) (Australia), WESTSOY Soymilk (United States), Go Vegan Pvt. Ltd. (India), Trader Joe’s (United States), Whole Foods Market (United States), Pacific Foods (United States) and Eden Foods, Inc. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Focus on the Addition of New Flavours and Textures in Soya milk to Offer Smooth Taste. Major Vendors, such as NOW Foods (United States), Urban Platter (India), Silk (United States), So Good (Sanitarium Healthfood Company) (Australia), WESTSOY Soymilk (United States), Go Vegan Pvt. Ltd. (India), Trader Joe’s (United States), Whole Foods Market (United States), Pacific Foods (United States) and Eden Foods, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2020, Start-up Company Tofusan partnered with SIG to launch Thailand’s first organic UHT soymilk in aseptic carton packs. The new packaging will blocks out light and air and benefits of safe long-life storage and transportation, without the need for refrigeration. The new products and packaging will open new opportunities for the domestic and international markets.
Market Drivers
- Growing Demand for Plant-based Milk and Other Non-Dairy Products Due to Rapidly Increasing Vegan Populations
- Increased Consumption of Soya milk among the People with Lactose Intolerant and Allergies of Cow's Milk
Market Trend
- Focus on the Addition of New Flavours and Textures in Soya milk to Offer Smooth Taste
Restraints
- Insufficient Muscle Growth and Other Health Issues like Breast Cancer or Discomfort
- Regular Soya milk can lead to Nutrient Deficiencies
Opportunities
Increased Adoption of Infant Baby Formulas to Fulfil Nutrient Requirement in Infants or Babies and High Growth of Powdered Form of Organic Soya milk Due to Increasing Use of Soya milk in the Food Processing Industry
Challenges
The Inclination toward the Homemade Organic Soya milk among the Consumers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Soya Milk Study Sheds Light on
The Soya Milk Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Soya Milk industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Soya Milk industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.