Industry Background:
Soymilk is the Original Nutrition milk made from whole-harvested soybeans grown across the globe. It is a soy-rich and soy creamy, with low sugar contains. The Asia Pacific is considered as one of the largest regions for the growth of the soy product market because of the rising population coupled with enhancement in the economy of emerging economies such as China and India. Increasing the production of organic soybean is catering to the huge growth in the market.
According to AMA Research, the market for Organic Soymilk is expected to register a CAGR of 18.3% during the forecast period to 2030. This growth is primarily driven by 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 requirement for soy food with health & wellness qualities..
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 NOW Foods (United States), Unisoy (Singapore), Abbott Laboratories (Similac) (United States), Mead Johnson (Enfamil) (United States), WhiteWave Services, Inc. (United States), Karicare (Australia), Wakodo (Japan), Eden Foods (United States), Organic Valley (United States) and Whole Foods Market IP. L.P. (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.
Key Developments in the Market:
In February 2021,Danone acquired plant-based pioneer Follow Your Heart, the companies announced Thursday night. The transaction was a share purchase agreement, in which the French dairy giant bought 100% of the shares of Earth Island, Follow Your Heart’s parent company. Financial details were not disclosed.
In Jan 2020, Tofusan and SIG team announced to launch Thailand’s first organic UHT soymilk in aseptic carton packs. The company is a leading provider pasteurized soymilk, it covers near about 65% percent of the market share in Thailand. This milk contains low sugar varieties. By launching this unique product, the company is aiming to become one of the major players in this industry.The companies that are operating in this market are focusing on advanced product packaging with advanced technology, for instance, there is high adoption of aseptic filing is one of the best-suited packaging solutions for soymilk packaging. And they are also offering some value-added services. The companies are making various business strategies including new product launch, enhancing global footprint.
Regulatory Insights:
The Soy Foods Association of America endorses to all manufacturers of soymilk. The FDA has mentioned that the labeling of plant-based products may define consumers to trust that those products are having the same key nutritional attributes as dairy products, even though those products are varying widely in their nutritional content.
Influencing Trend:
Increasing Demand for Protein-Based Milk Products Including Cheese and Yoghurt Because Of Increasing Concern Related to the Prevention of Metabolic Syndrome and Diabetes, Increase in The Popularity of Organic Soy Products and Low Cost Associated with Plant-Based Milk
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 requirement for soy food with health & wellness qualities.
Challenges:
Huge Complexity of Dairy Production and Distribution Procedures and Fluctuation in Demand, And Rising Awareness Towards Improved Safety and Quality
Restraints:
The decline in the World Economy
Opportunities:
Increasing Sales of Soymilk, Along with Rising Concern of the Health Issues, Rising Government Funding to Enhance the Adoption of Organic Food and Demand for Products with Natural Tag Because Of Rising Consumers Perception for Natural and Organic Products for the Quality
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 Organic Soymilk 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 Organic Soymilk 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 Organic Soymilk 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, Organic Soymilk Study Sheds Light on
The Organic Soymilk Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Organic Soymilk industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Organic Soymilk 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.