Soy Milk Market Size - By Type (Flavored, Unflavored), By Application (Ice Creams, Desserts, Yoghurt), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Health Food Stores, Online Retail) & Global Forecast, 2023 - 2032

PUBLISHED: August 24, 2023

PAGES: 150 Pages

DELIVERY TIME: 2-3 business days

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Soy Milk Market size is projected to witness 8.3% CAGR from 2023 to 2032 driven by the growing adoption of vegan and vegetarian diets coupled with the rising demand for non-dairy milk substitutes.

Owing to its versatility in various culinary applications and rich nutritional profile, soy milk has emerged as a favored choice for health-conscious individuals. Lately, several market participants are focusing on the development of nutritional goods to cater to health-conscious consumers while matching the current wellness trends and the increasing acceptance of plant-based protein products. To cite an instance, in February 2023, Milo invested more than 150 million baht in soymilk to penetrate the ready-to-drink milk space of Thailand. Such initiatives are expected to promote the overall industry growth.

The soy milk industry is segmented in terms of type, application, distribution channel, and region.

With respect to type, the flavored soy milk market is poised to gain significant traction between 2023 and 2032 attributed to the increasing consumer inclination towards diverse taste profiles and healthier beverage options. The expansion of the consumer base particularly through health-conscious and vegan demographics has led to the introduction of innovative flavors, including chocolate, vanilla, and various fruit variants. Additionally, the influx of strategic marketing initiatives for promoting the nutritional benefits and unique taste experiences of flavored soy milk will contribute to the segment growth.

The dessert application segment in the soy milk market is estimated to record robust growth through 2032. This can be attributed to the robust ability of soy milk to impart creamy texture and neutral taste to various desserts, including puddings, ice creams, and pastries. Moreover, the increasing prevalence of lactose intolerance and the rising adoption of vegan lifestyles is propelling the incorporation of soy milk into dessert recipes, further fostering segment growth.

Regionally, the Asia Pacific soy milk market held sizable revenue share in 2022 and is expected to witness robust growth through 2032. The rising adoption of vegan diets and the expanding population of lactose-intolerant individuals is providing lucrative growth opportunities to the market players in the region for expansion. To cite an instance, Noomoo, a Singapore-based plant-based brand, was launched in January 2023, with the objective of bridging existing gaps in Asia-Pacific's plant-based dairy alternative market through variety, flexibility, and adaptability.

Product Code: 1388

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Soy milk industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Type trends
2.4 Application trends
2.5 Distribution Channel trends
2.6 Regional trends

Chapter 3 Soy Milk Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
- 3.3.1 By type
- 3.3.2 By application
- 3.3.3 By distribution channel
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
- 3.7.1 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Impact of Russia Ukraine war

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Soy Milk Market Size and Forecast, By Type 2018 - 2032

5.1 Flavored
5.2 Unflavored

Chapter 6 Soy Milk Market Size and Forecast, By Application 2018 - 2032

6.1 Ice Creams
6.2 Desserts
6.3 Yoghurt
6.4 Other

Chapter 7 Soy Milk Market Size and Forecast, By Distribution Channel 2018 - 2032

7.1 Supermarkets and Hypermarkets
7.2 Convenience Stores
7.3 Health Food Stores
7.4 Online Retail

Chapter 8 Soy Milk Market Size and Forecast, By Region 2018 - 2032

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Malaysia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt

Chapter 9 Company Profiles

9.1 Silk (WhiteWave Foods/ Danone)
9.2 So Delicious Dairy Free (WhiteWave Foods/ Danone)
9.3 Alpro
9.4 Pacific Foods (Campbell Soup Company)
9.5 Eden Foods
9.6 WestSoy (WhiteWave Foods/ Danone)
9.7 Vitasoy
9.8 Wildwood Organic
9.9 Organic Valley
9.10 Trader Joe's
9.11 Earth's Own
9.12 Oatly
9.13 Good Karma Foods
9.14 SunOpta
9.15 Califia Farms

Product Code: 1388

Data Tables

TABLE 1 Market revenue, by type (2022)
TABLE 2 Market revenue, by distribution channel (2022)
TABLE 3 Market revenue, by application (2022)
TABLE 4 Market revenue, by region (2022)
TABLE 5 Global soy milk market size, 2018 - 2032, (USD Billion)
TABLE 6 Global soy milk market size, 2018 - 2032, (Kilo Tons)
TABLE 7 Global soy milk market size, by region, 2018 - 2032 (USD Billion)
TABLE 8 Global soy milk market size, by region, 2018 - 2032 (Kilo Tons)
TABLE 9 Global soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 10 Global soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 11 Global soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 12 Global soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 13 Global soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 14 Global soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 15 Industry impact forces
TABLE 16 North America soy milk market size, by country, 2018 - 2032 (USD Billion)
TABLE 17 North America soy milk market size, by country, 2018 - 2032 (Kilo Tons)
TABLE 18 North America soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 19 North America soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 20 North America soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 21 North America soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 22 North America soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 23 North America soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 24 U.S. soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 25 U.S. soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 26 U.S. soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 27 U.S. soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 28 U.S. soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 29 U.S. soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 30 Canada soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 31 Canada soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 32 Canada soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 33 Canada soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 34 Canada soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 35 Canada soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 36 Europe soy milk market size, by country, 2018 - 2032 (USD Billion)
TABLE 37 Europe soy milk market size, by country, 2018 - 2032 (Kilo Tons)
TABLE 38 Europe soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 39 Europe soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 40 Europe soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 41 Europe soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 42 Europe soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 43 Europe soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 44 Germany soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 45 Germany soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 46 Germany soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 47 Germany soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 48 Germany soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 49 Germany soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 50 UK soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 51 UK soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 52 UK soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 53 UK soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 54 UK soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 55 UK soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 56 France soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 57 France soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 58 France soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 59 France soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 60 France soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 61 France soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 62 Spain soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 63 Spain soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 64 Spain soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 65 Spain soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 66 Spain soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 67 Spain soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 68 Italy soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 69 Italy soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 70 Italy soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 71 Italy soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 72 Italy soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 73 Italy soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 74 Asia Pacific soy milk market size, by country, 2018 - 2032 (USD Billion)
TABLE 75 Asia Pacific soy milk market size, by country, 2018 - 2032 (Kilo Tons)
TABLE 76 Asia Pacific soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 77 Asia Pacific soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 78 Asia Pacific soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 79 Asia Pacific soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 80 Asia Pacific soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 81 Asia Pacific soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 82 China soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 83 China soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 84 China soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 85 China soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 86 China soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 87 China soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 88 Japan soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 89 Japan soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 90 Japan soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 91 Japan soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 92 Japan soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 93 Japan soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 94 India soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 95 India soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 96 India soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 97 India soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 98 India soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 99 India soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 100 Australia soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 101 Australia soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 102 Australia soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 103 Australia soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 104 Australia soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 105 Australia soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 106 South Korea soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 107 South Korea soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 108 South Korea soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 109 South Korea soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 110 South Korea soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 111 South Korea soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 112 Indonesia soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 113 Indonesia soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 114 Indonesia soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 115 Indonesia soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 116 Indonesia soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 117 Indonesia soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 118 Malaysia soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 119 Malaysia soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 120 Malaysia soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 121 Malaysia soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 122 Malaysia soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 123 Malaysia soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 124 Latin America soy milk market size, by country, 2018 - 2032 (USD Billion)
TABLE 125 Latin America soy milk market size, by country, 2018 - 2032 (Kilo Tons)
TABLE 126 Latin America soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 127 Latin America soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 128 Latin America soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 129 Latin America soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 130 Latin America soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 131 Latin America soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 132 Brazil soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 133 Brazil soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 134 Brazil soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 135 Brazil soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 136 Brazil soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 137 Brazil soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 138 Mexico soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 139 Mexico soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 140 Mexico soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 141 Mexico soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 142 Mexico soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 143 Mexico soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 144 Argentina soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 145 Argentina soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 146 Argentina soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 147 Argentina soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 148 Argentina soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 149 Argentina soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 150 MEA soy milk market size, by country, 2018 - 2032 (USD Billion)
TABLE 151 MEA soy milk market size, by country, 2018 - 2032 (Kilo Tons)
TABLE 152 MEA soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 153 MEA soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 154 MEA soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 155 MEA soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 156 MEA soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 157 MEA soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 158 South Africa soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 159 South Africa soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 160 South Africa soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 161 South Africa soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 162 South Africa soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 163 South Africa soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 164 Saudi Arabia soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 165 Saudi Arabia soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 166 Saudi Arabia soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 167 Saudi Arabia soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 168 Saudi Arabia soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 169 Saudi Arabia soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 170 UAE soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 171 UAE soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 172 UAE soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 173 UAE soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 174 UAE soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 175 UAE soy milk market size, by application, 2018 - 2032 (Kilo Tons)
TABLE 176 Egypt soy milk market size, by type, 2018 - 2032 (USD Billion)
TABLE 177 Egypt soy milk market size, by type, 2018 - 2032 (Kilo Tons)
TABLE 178 Egypt soy milk market size, by distribution channel, 2018 - 2032 (USD Billion)
TABLE 179 Egypt soy milk market size, by distribution channel, 2018 - 2032 (Kilo Tons)
TABLE 180 Egypt soy milk market size, by application, 2018 - 2032 (USD Billion)
TABLE 181 Egypt soy milk market size, by application, 2018 - 2032 (Kilo Tons)