Press release
Global Soy Milk Market: Increased Consumption of Health-benefitting Foods Drives Market
The report presents a comprehensive evaluation of the soy milk market based on qualitative insights, past performance, and verifiable market size projections. The projections presented in this report are obtained using standard research methodologies and assumptions. An analysis of macro and micro economic indicators and regulatory mandates that are in the purview of food and beverage industry is also part of this study. The analysis of this report is credible due to its extensive research phase.
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According to the report, the global market for soy milk is expected to display robust growth over the forecast period from 2017 to 2025. The key factors driving the soy milk market are increasing demand for lactose-free products as they are easy to digest and an increasing population base that is lactose intolerant. In addition, rising consumer awareness about adoption of lactose-free products to maintain galactose level in the body is also contributing to the growth of soy milk market.
The global market for soy milk can be studied on the basis of form, distribution channel, distribution, application, and region. In terms of form, the market can be segmented into plain sweetened form and plain unsweetened form. In terms of flavor, the market can be segmented into chocolate and vanilla. By distribution channel, online stores, retail stores, supermarket/hypermarket, and others are the segments into which this market can be segmented. By application, the soy milk market can be segmented into cheese, snacks, desserts, and beverages.
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The global soy milk market can be divided into the regional markets of North America, Eastern Europe, Western Europe, Asia Pacific, Latin America, Japan, and the Middle East and Africa. Globally, amongst all, Asia Pacific has emerged as the leading market for soy milk. The increasing awareness regarding lactose-intolerance and an increasing population base switching to soy products for health reasons is benefitting the soy milk in this region. This region is followed by Europe in terms of revenue contribution to the global soy milk market.
Some of the leading players in the global soy milk market are Vitasoy Australia, Provamel, Furama, Palsgard, The Hain Celestial Group Inc., Alpro, DREAM, NOW Foods, Pacific Foods of Oregon Inc., and Lam Soon Group among others.
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