Press release
Soy Milk Market is Anticipated to Reach a Valuation of US$ 11.8 BN by 2031
According to the latest study by Persistence Market Research, the global soy milk market is predicted to surge at 9.1% CAGR and reach a valuation of US$ 11.8 Bn by 2031.Plant-based milk such as soy milk, almond milk, oat milk, rice milk, and others are gaining rapid traction among foodservice providers owing to increasing consumer demand for plant-based milk in restaurants and cafes. Soy milk products are housed in special refrigerated units, which significantly increases their shelf life as compared to traditional milk.
Request For Report Sample - https://www.persistencemarketresearch.com/samples/32165
For instance, The Progressive Food Company, based in the U.K., offers single-serve portions of soy milk as an alternative for cow milk to its customers operating in the foodservice industry.
Soy milk is also regarded as one of the most effective baking milk. Soy milk has a mild flavor that remains unnoticed in bread, muffins, cakes, and other baked products. It also enhances the finished product's structure and texture.
The trend of veganism is gaining popularity owing to three core reasons. Potential health benefits, rise in awareness regarding animal rights, and environmental protection are the core reasons causing the shift of consumers toward veganism. This increasing acceptance of veganism by consumers has been seen in cities, suburbs, and rural areas, alike. Availability of vegan alternatives for dairy-based milk has also driven the rise in acceptance of plant-based milk products.
This impressive worldwide increase in the interest in veganism has led to the adoption of a plant-based way of living. The soy milk market is anticipated to spur over the forecast period owing to this increasing acceptance of veganism.
Request For Report Customization - https://www.persistencemarketresearch.com/request-customization/32165
Key Takeaways from Market Study:
South Asia and East Asia markets are anticipated to rise at CAGRs of 10.6% and 9.9%, respectively, followed by Latin America.
East Asia and Europe hold majority of market share at 33.9% and 27.5%, respectively, for soy milk sales.
Soy milk in the food & beverage segment holds the largest market share of 46.8%.
China and Germany hold a significant market share for soy milk in East Asia and Europe, respectively.
"Owing to increasing use of soy milk in the foodservice industry, the market is predicted to show high potential in the food processing industry. Because of growing number of lactose-intolerant people, soy milk is predicted to replace dairy milk in eateries. Desserts, cakes, cheese, snacks, and beverages made with soy milk are becoming increasingly popular," Says a Persistence Market Research analyst.
Competitive Landscape:
Key manufacturers of soy milk are emphasizing more on research & development activities in respect to technological advancements in production operations to ensure high production rates.
Danone Group emphasizes its research & development activities to ensure the development of its products in terms of changing customer needs and demands. The company works on technological advancements in its production operations to ensure high production rates as well as product consistency.
Hiland Dairy focuses on technological advancements in its production activities to improve production capacity and increase efficiency. The company has set up production facilities equipped with high-tech robotics to ensure that the final product is delivered to its consumers within 48 hours of production.
Apart from this, manufacturers of plant-based milk are launching innovative products to expand their reach to more customers and strengthen their product portfolios.
In 2018, Hiland Dairy launched three new milk flavors that can be enjoyed on their own and also find application in homemade ice creams, smoothies, or coffee. The new variants include orange, strawberry, and chocolate marshmallow.
In 2020, Pureharvest added a new line of non-dairy milk to its portfolio. The NOM range of non-dairy milk offers organic non-dairy milk created from a blend of nuts and grains to make unique and delicious vegan milk.
For in-depth competitive analysis, buy now - https://www.persistencemarketresearch.com/checkout/32165
Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global soy milk market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.
The study offers compelling insights on the basis of nature (organic, conventional), end use (food and beverages, foodservice industry and retail/household), and distribution channel (business to business and business to consumer), across seven major regions of the world.
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soy Milk Market is Anticipated to Reach a Valuation of US$ 11.8 BN by 2031 here
News-ID: 2700867 • Views: …
More Releases from Persistence Market Research

Healthcare Mobile Robot Market is Anticipated to Hold a Value worth US$ 10.4 Bil …
Introduction
The healthcare mobile robot market has witnessed significant growth in recent years due to its pivotal role in enhancing operational efficiency, patient care, and safety within healthcare facilities. These robots are designed to automate a variety of tasks, including medication delivery, disinfection, patient monitoring, and logistics support, thereby reducing human error and improving workflow efficiency. Healthcare mobile robots are widely deployed in hospitals, clinics, laboratories, and long-term care facilities to…

Personal Mobility Devices Market Size to Hit USD 22 Billion in 2030, expanding a …
Introduction
The personal mobility devices market has witnessed significant growth in recent years due to increasing demand for assistive mobility solutions among the elderly, differently-abled individuals, and patients with limited mobility. Personal mobility devices, including wheelchairs, scooters, walkers, and stair lifts, provide enhanced independence, safety, and convenience, thereby improving quality of life for users. These devices are widely used in healthcare, home care, rehabilitation centers, and long-term care facilities.
Request a Sample:…

Incontinence and Ostomy Care Products Market to Witness Exponential Growth with …
Introduction
The incontinence and ostomy care products market has experienced significant growth in recent years, owing to the rising prevalence of urinary and fecal incontinence, along with an increasing number of ostomy procedures worldwide. These products, including adult diapers, pads, skin barriers, pouching systems, and related accessories, play a crucial role in improving patient comfort, hygiene, and quality of life. Healthcare providers, hospitals, long-term care facilities, and homecare settings are increasingly…

Cutting Balloons Market is Anticipated to Hold a Value worth US$ 698.2 Million b …
Introduction
The cutting balloons market has gained significant momentum in recent years due to its critical role in minimally invasive cardiovascular and peripheral artery interventions. Cutting balloons, equipped with microsurgical blades mounted on their surface, are widely used to treat complex vascular lesions, resistant stenosis, and in-stent restenosis. Known for their precision, controlled dilation, and ability to minimize vessel trauma, cutting balloons have become an essential tool in interventional cardiology and…
More Releases for Soy
Soy Food Products Market Players Gaining Attractive Investments| Northern Soy, N …
Advance Market Analytics published a new research publication on "Soy Food Products Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Soy Food Products market was mainly driven by the increasing R&D spending across the world. Some of the key…
Soy Protein Ingredients Market by Type (Soy Protein Concentrates, Soy Protein Is …
The global soy protein ingredients market is estimated to be valued at USD 7.7 billion in 2022. It is projected to reach USD 10.8 billion by 2027, recording a CAGR of 7.0% during the forecast period.
Soy protein ingredients are produced by processing soymeal to obtain ingredients with higher protein concentrations, which can be used as a protein source in a range of food and animal feed applications. The demand…
Soy Food Products Market to See Huge Growth by 2027 |ADM,Cargill,DuPont,Northern …
Worldwide Market Reports is one of the leading organizations, specializing in conducting high-end research by understanding the market strategies, key players, major trends, and several other aspects of the industry. The recently developed report on "Global Soy Food Products Market Outlook 2020-2027" focuses on business developments, collaborative strategies, and answers all questions related to the key affiliations.
Market Overview -
The Soy Food Products market report provides a detailed analysis of global…
Global Soy Sauce Market 2018 - Bluegrass Soy Sauce, Okonomi, Maggi
Accord Market, recently published a detailed market research study focused on the “Soy Sauce Market” across the global, regional and country level. The report provides 360° analysis of “Soy Sauce Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Soy Sauce on the…
2017-2022 Soy Milk Report on Global and United States Market - Silk, West Soy
This report studies the Soy Milk market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Soy Milk market by product type and applications/end industries.
The global Soy Milk market is valued at XX million USD in 2016 and is expected to reach XX million USD by…
Soy & Milk Protein Ingredients Market Driven by Numerous Health Benefits of Soy …
Global Soy and Milk Protein Ingredients Market: Brief Account
The worldwide soy and milk protein ingredients market is envisaged to invite radical growth prospects on the back of the snowballing awareness about several health benefits. Apart from an estimated 38.0% protein content, soy contains all the nine essential amino acids in just the right proportion that is ideal for human health. Vendors could look to extend their presence in the…