Global Soy Beverages Market Report Size, Trends & Growth Opportunity, By Flavor (Plain Soy Beverages, Flavoured Soy Beverages), By Product (Soy Milk, Soy-Based Drinkable Yogurt), By Distribution Channel (Hypermarket/Supermarket, Convenience Store, Pharmacies/Drug Stores, Online Retail Stores
Others Distribution Channel), By Region (North America, Europe, Asia Pacific, Latin America, Middle East), And Forecast Till 2030.
Global Soy Beverages Market
The Global Soy Beverages Market is estimated to be USD 22.25 Bn in 2022 and is projected to reach USD 45.26 Bn by 2030, growing at a CAGR of 7.63%.
The type of plant beverages which are known to be nutritionally satisfactory and a substitute for milk defines the Soy beverage.
Market Drivers
One of the main factors that drive the market growth is the upsurge in the incidence of lactose intolerance across the world.
Additionally, an increase in the acceptance of soy beverages as a healthy substitute to dairy milk, owing to its low in fat, comprises no cholesterol and is a good source of protein propel the market growth.
Moreover, the upsurge in the health issues or animal welfare concerns, and high popularity amongst health-conscious consumers further accelerate the market growth.
Market Restraints
The major restraining factors that hamper the market growth are worries about the ill effects of soy and soy derivatives. Also, the accessibility of alternate functional beverages will further hinder market growth.
Market Segmentation
The Soy Beverages Market is segmented into major 4 categories. Based on Flavor, the market is segmented into Plain Soy Beverages, Flavoured Soy Beverages. Based on Distribution Channel, the market is divided into Hypermarket/Supermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Stores, and Others Distribution channels. Based on the Product, the market is segmented into Soy Milk, Soy-Based Drinkable Yogurt. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
North America region is expected to dominate the global market owing to the increasing popularity of plant-based foods. Furthermore, a growing number of people are accepting a vegan diet because of the health benefits offered by plant-based foods and beverages.
Asia Pacific region is likely to witness substantial growth because of the increasing disposable incomes, the rising adoption of a healthy lifestyle, and the demand for processed foods.
Market Key Players
Some of the key players operating in the Global Soy Beverages Market are Organic Valley, Danone SA, Eden Foods, ZenSoy, Trader Joe’s, Jaffe Bros., Kikkoman Pearl Soy Milk, SunOpta, Natural Foods, and Devansoy.
Industry development
In April 2021, SunOpta announced it had acquired WestSoy and Dream brands from The Hain Celestial Group, Inc. for USD 33 million. The acquisition will help SunOpta to expand its plant-based segment.
In July 2021, Danone SA announced the launch of new plant-based plant milk alternatives with improved texture and taste.
Market Taxonomy
By Product
• Soy Milk
• Soy-Based Drinkable Yogurt
By Flavor
• Flavored Soy Beverages
• Liquid Concentrate
By Distribution Channel
• Hypermarket/Supermarket
• Convenience Store
• Pharmacies/Drug Stores
• Online Retail Stores
• Others Distribution Channel
By Region
• North America
• The U.S.
• Canada
• Mexico
• Latin America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Venezuela
• Rest of Latin America
• Europe
• Germany
• France
• UK
• Russia
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Singapore
• Malaysia
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest the Middle East & Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Clove Bud Essential Oil Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Soy Beverages Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Soy Beverages Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Soy Beverages Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Soy Beverages Market Share Analysis, By Product
5.3 Soy Beverages Market Size and Forecast, By Product
5.3.1 Soy Milk
5.3.2 Soy-Based Drinkable Yogurt
6 Soy Beverages Market, By Flavor
6.1 Y-o-Y Growth Comparison, By Flavor
6.2 Soy Beverages Market Share Analysis, By Flavor
6.3 Soy Beverages Market Size and Forecast, By Flavor
6.3.1 Plain Soy Beverages
6.3.2 Flavored Soy Beverages
7 Soy Beverages Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Soy Beverages Market Share Analysis, By Distribution Channel
7.3 Soy Beverages Market Size and Forecast, By Distribution Channel
7.3.1 Hypermarket/Supermarket
7.3.2 Convenience Store
7.3.3 Pharmacies/Drug Stores
7.3.4 Online Retail Stores
7.3.5 Others Distribution Channel
8 Soy Beverages Market, By Region
8.1 Soy Beverages Market Share Analysis, By Region
8.2 Soy Beverages Market Share Analysis, By Region
8.3 Soy Beverages Market Size and Forecast, By Region
9 North America Soy Beverages Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Soy Beverages Market Share Analysis, By Product
9.3 North America Soy Beverages Market Size and Forecast, By Flavor
9.4 North America Soy Beverages Market Size and Forecast, By Distribution Channel
9.5 North America Soy Beverages Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Product
9.5.1.2 Market Size and Forecast, By Flavor
9.5.1.3 Market Size and Forecast, By Distribution Channel
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Product
9.5.2.2 Market Size and Forecast, By Flavor
9.5.2.3 Market Size and Forecast, By Distribution Channel
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Product
9.5.3.2 Market Size and Forecast, By Flavor
9.5.3.3 Market Size and Forecast, By Distribution Channel
10 Europe Soy Beverages Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Soy Beverages Market Share Analysis, By Product
10.3 Europe Soy Beverages Market Size and Forecast, By Flavor
10.4 Europe Soy Beverages Market Size and Forecast, By Distribution Channel
10.5 Europe Soy Beverages Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Product
10.5.1.2 Market Size and Forecast, By Flavor
10.5.1.3 Market Size and Forecast, By Distribution Channel
10.5.2 France
10.5.2.1. Market Size and Forecast, By Product
10.5.2.2 Market Size and Forecast, By Flavor
10.5.2.3 Market Size and Forecast, By Distribution Channel
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Product
10.5.3.2 Market Size and Forecast, By Flavor
10.5.3.3 Market Size and Forecast, By Distribution Channel
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Product
10.5.4.2 Market Size and Forecast, By Flavor
10.5.4.3 Market Size and Forecast, By Distribution Channel
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Product
10.5.5.2 Market Size and Forecast, By Flavor
10.5.5.3 Market Size and Forecast, By Distribution Channel
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Product
10.5.6.2 Market Size and Forecast, By Flavor
10.5.6.3 Market Size and Forecast, By Distribution Channel
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Product
10.5.7.2 Market Size and Forecast, By Flavor
10.5.7.3 Market Size and Forecast, By Distribution Channel
11 Asia Pacific Soy Beverages Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Soy Beverages Market Share Analysis, By Product
11.3 Asia Pacific Soy Beverages Market Size and Forecast, By Flavor
11.4 Asia Pacific Soy Beverages Market Size and Forecast, By Distribution Channel
11.5 Asia Pacific Soy Beverages Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Product
11.5.1.2 Market Size and Forecast, By Flavor
11.5.1.3 Market Size and Forecast, By Distribution Channel
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Product
11.5.2.2 Market Size and Forecast, By Flavor
11.5.2.3 Market Size and Forecast, By Distribution Channel
11.5.3 India
11.5.3.1. Market Size and Forecast, By Product
11.5.3.2 Market Size and Forecast, By Flavor
11.5.3.3 Market Size and Forecast, By Distribution Channel
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Product
11.5.4.2 Market Size and Forecast, By Flavor
11.5.4.3 Market Size and Forecast, By Distribution Channel
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Product
11.5.5.2 Market Size and Forecast, By Flavor
11.5.5.3 Market Size and Forecast, By Distribution Channel
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Product
11.5.6.2 Market Size and Forecast, By Flavor
11.5.6.3 Market Size and Forecast, By Distribution Channel
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Product
11.5.7.2 Market Size and Forecast, By Flavor
11.5.7.3 Market Size and Forecast, By Distribution Channel
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Product
11.5.8.2 Market Size and Forecast, By Flavor
11.5.8.3 Market Size and Forecast, By Distribution Channel
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Product
11.5.9.2 Market Size and Forecast, By Flavor
11.5.9.3 Market Size and Forecast, By Distribution Channel
12 Latin America Soy Beverages Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Soy Beverages Market Share Analysis, By Product
12.3 Latin America Soy Beverages Market Size and Forecast, By Flavor
12.4 Latin America Soy Beverages Market Size and Forecast, By Distribution Channel
12.4 Latin America Soy Beverages Market Size and Forecast, Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Product
12.5.1.2 Market Size and Forecast, By Flavor
12.5.1.3 Market Size and Forecast, By Distribution Channel
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Product
12.5.2.2 Market Size and Forecast, By Flavor
12.5.2.3 Market Size and Forecast, By Distribution Channel
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Product
12.5.3.2 Market Size and Forecast, By Flavor
12.5.3.3 Market Size and Forecast, By Distribution Channel
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Product
12.5.4.2 Market Size and Forecast, By Flavor
12.5.4.3 Market Size and Forecast, By Distribution Channel
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Product
12.5.5.2 Market Size and Forecast, By Flavor
12.5.5.3 Market Size and Forecast, By Distribution Channel
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Product
12.5.6.2 Market Size and Forecast, By Flavor
12.5.6.3 Market Size and Forecast, By Distribution Channel
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Product
12.5.7.2 Market Size and Forecast, By Flavor
12.5.7.3 Market Size and Forecast, By Distribution Channel
13 Middle East Soy Beverages Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Soy Beverages Market Share Analysis, By Product
13.3 Middle East Soy Beverages Market Size and Forecast, By Flavor
13.4 Middle East Soy Beverages Market Size and Forecast, By Distribution Channel
13.5 Middle East Soy Beverages Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Product
13.5.1.2 Market Size and Forecast, By Flavor
13.5.1.3 Market Size and Forecast, By Distribution Channel
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Product
13.5.2.2 Market Size and Forecast, By Flavor
13.5.2.3 Market Size and Forecast, By Distribution Channel
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Product
13.5.3.2 Market Size and Forecast, By Flavor
13.5.3.3 Market Size and Forecast, By Distribution Channel
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Product
13.5.4.2 Market Size and Forecast, By Flavor
13.5.4.3 Market Size and Forecast, By Distribution Channel
13.5.5 South Africa
13.5.5.1. Market Size and Forecast, By Product
13.5.5.2 Market Size and Forecast, By Flavor
13.5.5.3 Market Size and Forecast, By Distribution Channel
13.5.6 Rest of Middle East & Africa
13.5.6.1. Market Size and Forecast, By Product
13.5.6.2 Market Size and Forecast, By Flavor
13.5.6.3 Market Size and Forecast, By Distribution Channel
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Organic Valley
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Danone SA
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Eden Foods
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 ZenSoy
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Trader Joe’s
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Jaffe Bros
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Kikkoman Pearl Soy Milk
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 SunOpta
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Natural Foods
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Devansoy
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
