Report Code: A05376 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Soy Milk Market
Request Now !Soy milk is a plant-based drink, which is made by soaking and grinding soybeans, followed by boiling and filtering out the remaining particulates. Soy milk is free from gluten and lactose, and thus serves as an ideal alternative for consumers who are lactose intolerant or allergic to cow milk. Moreover, it has no cholesterol, and is a rich source of vegetable proteins. Furthermore, it contains, vitamins, proteins, calcium, and fiber, offering superior health benefits.
Increase in consumer awareness about the health benefits associated with lactose-free food items such as yoghurt, cheese, and desserts made from soy fuels the demand for soy milk, thus driving the growth of the global soy milk market. In addition, promotion of animal welfare and increase in environmental awareness inspire consumers to seek for plant-based alternatives, which are anticipated to bolster the market growth in the near future.
The global soy milk market is segmented into type, form, application, distribution channel, and region. By type, the market is divided into unflavored and flavored. Flavored is further segmented into vanilla, chocolate, and others. On the basis of form, the market is bifurcated into powdered and liquid form. The applications covered in the study include ice creams, desserts, cheese, yoghurt, and others. Deepening on distribution channel, the market is fragmented into supermarkets/hypermarkets, discount stores, specialty stores, grocery stores, online stores, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The prominent players operating in the global soy milk market include Vitasoy Australia, Alpro (Alpro (UK) Ltd., The Hain Celestial Group, NOW Health Group, Inc., Pacific Foods of Oregon, LLC, White Wave Foods Company (So Delicious Dairy Free), Hershey India Private ltd., Chetran Foods Private Limited, Granarolo S.p.A., and Bio Nutrients (India) Pvt. Ltd.
Soy Milk Market Report Highlights
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