Soy Beverages Market (Type - Milk, and Drinkable Yogurt; Distribution Channels - Supermarkets/ Hypermarkets, Pharmacies/ Drug Stores, Convenience Stores, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the soy beverages market provides an in-depth analysis of segments and sub-segments in the global as well as regional soy beverages market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional soy beverages market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global soy beverages market. According to the report, the global soy beverages market is projected to grow at a significant CAGR over the forecast period of 2022-2028. 

Market Insight

The growing consumer desire for dairy alternatives is driving the global soy beverage market's positive rise. Numerous causes, including lactose intolerance and allergy as well as the increasingly popular vegan or plant-based diet, can be linked to the rising popularity of non-dairy milk. The demand for soy milk and other soy beverages, which are plant-based, is being fueled by growing worries about the amount of saturated fat, hormone content, and antibiotic use in dairy animals. Additionally, as a result of the growing consumer demand for plant proteins, soy beverages are becoming more and more popular due to their high protein content. 

Several factors are anticipated to boost the expansion of the soy beverage market globally. The increasing number of people who are lactose intolerant worldwide is one of the significant factors influencing the consumption of soy beverages. Due to the greater availability of soy and the scientific evidence supporting many of soy's health benefits, soy beverages are consumed. These include reducing cholesterol levels and the chance of developing some cancers. Soymilk beverages are becoming much more widely available in supermarkets in developing nations as well as in emerging nations in recent years. In addition, consumers can save money by choosing soy drinks because they are less expensive than almond cashew drinks. Since soy is now more readily available and many of its health benefits have been shown by science, soy drinks are used. Additionally, due to their nutritional value, soy drinks are often eaten in substitution for harmful beverages. It offers the benefit of lowering blood cholesterol levels and lowering the chance of developing specific cancers. In addition, the market for soy beverages is continuously changing as consumers try to find new and intriguing flavors for their drinks. However, the worldwide soy beverage market's expansion is anticipated to be significantly constrained by the availability of other plant-based non-dairy beverages. 

Geographically, Asia Pacific dominates the market in terms of revenue, with China, India, Japan, South Korea, and Hong Kong among the key markets for the product. Consumption in this region is also being driven by the abundant soybean production in these nations. The market for non-dairy alternatives is expected to develop at the quickest rate in North America. Almond milk, a popular beverage in this region where people value health, is a competitor to the product. But because so many studies have demonstrated the advantages of soy milk, people are choosing it over alternatives like almond, rice, and coconut milk. 

Segment Covered

The report on the global soy beverages market covers segments such as type, and distribution channels. On the basis of type, the sub-markets include milk, and drinkable yogurt. On the basis of distribution channels, the sub-markets include supermarkets/hypermarkets, pharmacies/drug stores, convenience stores, and others. 

Companies Profiled:

The report provides profiles of the companies in the market such as Hain Celestial Group, Inc, Danone S.A x, Kikkoman Corp, Devansoy Inc, West Soy, Eden Foods, Zen Soy, Jaffe Bros, Inc., and Vitasoy International Holdings Ltd. 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the soy beverages market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.