Market Research Report
Soy Milk - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||907705|
|Published||Content info||185 Pages
Delivery time: 2-3 business days
|Soy Milk - Global Market Outlook (2017-2026)|
|Published: August 19, 2019||Content info: 185 Pages||
According to Stratistics MRC, the Global Soy Milk market is accounted for $14.44 billion in 2017 and is expected to reach $28.40 billion by 2026 growing at a CAGR of 7.8%. The factors such as increasing demand for lactose-free food products due to the ease of digest which is likely to contribute significantly to the revenue growth of soy milk market. However, the exceptional taste of the soy milk which significantly differs from the cow milk, the rise of other dairy alternatives and rivalry from beverage manufacturing industries are restraining the market growth.
Soy milk is a kind of grain milk, which is a steady emulsion of oil, water, and protein. It is delivered by drenching dry soybeans and grinding them with water. Soy is normally wealthy in basic unsaturated fats, proteins, fiber, nutrients, and minerals, which makes a sound beverage just as it is a brilliant wellspring of nutrient A, nutrient D, nutrient B, and magnesium. Since soy milk does not contain lactose, it is a reasonable solid beverage for lactose narrow minded individuals, and it gives all the nourishing advantages to the buyers with no antagonistic impacts.
Based on type, sweetened soymilk is estimated to have a lucrative growth due to high consumer demand for flavored beverages over the bland flavor of unsweetened soymilk. By geography, The Europe region likely to have a huge demand due to increasing focus of the population on healthy alternatives in emerging countries such as Germany and United Kingdom.
Some of the key players in the Soy Milk market include The Hershey Company, Vitasoy International Holdings LTD, Organic Valley, Eden Foods, Inc., Soy Fresh, Kikkoman Corporations, Alpro, PUREHARVEST, Vitasoy International Holdings LTD and WhiteWave Foods.
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.