Industry Background:
Soybean milk is produced from beans, it's rich in protein equal to cow milk. The soybean milk benefits in fighting heart disease, cancer, menopause, and arthritis. This has highly recommended by doctors for low-fat protein products. The flavored soymilk with sugar is marketed as a beverage in various countries. The soybean milk market needs to develop in local areas by creating awareness and setting the distribution channel. Soymilk is used to make tofu, which becomes a great alternative to dairy paneer.
According to AMA Research, the market for Soybean Milk is expected to register a CAGR of 7.0% during the forecast period to 2030. This growth is primarily driven by Increasing Adoption of Vegan Food Substitutes across the Globe.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
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 |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as WhiteWave Foods (United States), Hain Celestial (United States), Eden Foods (United States), Stremicks Heritage Foods (United States), Organic Valley (United States), Pureharvest (Australia), Sanitarium (Australia), SunOpta (Canada), Vitasoy International Holdings (China) and Bowin International Limited (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2022, Hiland Dairy announced the purchase of Borden Dairy Texas. The company intends to expand its operations through this acquisition to cater to the increasing demand for soy milk and plant-based product lines, boosting its sales performance.
In October 2023, Nestlé launched an instant milk powder in Central and West Africa made with a blend of dairy and plant-based ingredients, calling the Nido product both affordable and nutritious. The milk powder contains essential nutrients such as protein and fibre thanks to the combination of dairy milk and locally sourced soy, says Nestlé. It is a source of calcium and is fortified with iron.The global soybean Milk market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Influencing Trend:
Rising Use of Organic Preservatives and Flavours in Manufacturing Soy Products and Technological Advancements in Manufacturing of Soy Food Products
Market Growth Drivers:
Increasing Adoption of Vegan Food Substitutes across the Globe
Challenges:
Volatile Raw Material Prices Might Imbalance Pricing Strategies and Continuously Changing Consumer Preferences
Restraints:
Stringent Government Regulations Related To Food Product Manufacturers
Opportunities:
Escalating Consumption of Healthy Food Products and Introduction to Distinct Flavours Escalating the Demand for Soy Food Products
AMA Research follows 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 mainly 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 showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Soybean Milk Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Soybean Milk Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Soybean Milk players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes 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, Soybean Milk Study Sheds Light on
The Soybean Milk Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Soybean Milk industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Soybean Milk industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.