Soy Milk and Cream Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030
Soy milk is a plant-based dairy milk alternative, which is produced by soaking soybeans and grinding them in water.
Soy milk is the largest product segment in the soy milk and cream market and will continue its dominance by occupying around 80% of the total market share during the forecast period. The primary reason for this segment\'s growth is the several health benefits associated with soy milk. Soy milk contains only vegetable proteins and helps in reducing cholesterol. It does not contain hormones or lactose and is rich in isoflavones. Also, it enhances the lipid profile, promotes weight loss as it is lower in sugar content, reduces the risk of prostate cancer, and aids in preventing osteoporosis. Consumers are now significantly opting for soy milk owing to its functional properties such as no fat, no cholesterol, and rich in proteins, which will, in turn, boost the growth of this market segment over the next few years.
During 2019, the supermarkets and hypermarkets segment dominated the soy milk and cream market and accounted for around 52% of the total market share. The dominance of this retail format is due to the high level of manufacturers\' dependence on its shelf space. In-store promotions by retailers and price comparisons are some of the primary reasons why consumers prefer hypermarkets and supermarkets for their shopping. Moreover, the growth of organized retail will also significantly contribute to the growth of this segment in the coming years.
The Global Soy Milk and Cream Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.
In the global Soy Milk and Cream Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Eden Foods
Dean Foods
Hain Celestial
Pacific Natural Foods
WhiteWave Foods
SunOpta
Panos Brands
Pure Harvest
Vitasoy International Holdings
Stremicks Heritage Foods
Sanitarium
American Soy Products
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Soy Milk
Soy Cream
In Market segmentation by applications :
Hypermarkets and Supermarkets
Food Specialists
Convenience Stores
Online Retailers
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Soy Milk and Cream Market for the forecast period 2023-2030?
• What are the driving forces in the Soy Milk and Cream Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Soy Milk and Cream industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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