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Global Soy Drinks Market Driven by Rising Demand for Milk Substitutes, says TMR
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The global soy drinks market has become a key part of the global food and beverage sector in recent years due to the rising awareness about its high nutritional index. Soybean represents an excellent source of protein, fiber, as well as fatty acids key to the body’s optimal maintenance. The expanding health-conscious demographic in developed countries and an increasing number of urban centers in developing regions is thus likely to be a key driver for the global soy drinks market. The growing market for functional foods is expected to feature soy drinks in a major capacity, as they represent the perfect compromise between taste and nutrition.
Soy beverages have gained a new demand channel in the form of lactose intolerant individuals, as soy milk is now used widely as a milk substitute. With a few modifications, soy milk can fulfill the dietary needs of regular milk, leading to soy drinks becoming a popular alternative to conventional dairy products in a number of regions. The rising prevalence of lactose intolerance is thus likely to have a key role in the development of the global soy drinks market in the coming years. Soy drinks also offer a longer shelf life than conventional dairy products, which could drive its demand among urban consumers who don’t have the time to regularly purchase milk and can instead make do with large infrequent purchases of soy drinks.
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The U.S. is the leading market for soy drinks at present and is likely to play vital role in ensuring continued dominance of North America in the global soy drinks market in the coming years. The rising prevalence of lifestyle diseases in the highly urbanized countries in North America has been a key factor in the steady demand from the soy drinks market. Asia Pacific, led by China, is also likely to claim significant prominence in the global soy drinks market in the coming years. Driven by the growing health-conscious demographic in advanced Central European countries, Europe is also likely to account for a significant share in the global soy drinks market in the coming years.
The report profiles leading players in the global soy drinks market in order to shed light on the market’s competitive landscape. Key companies examined in the report include WhiteWave Services Inc., Pureharvest, Eden Foods Inc., American Soy Products Inc., SunOpta Inc., Organic Valley, Hain Celestial Group, Alko International BV, and Pacific Foods of Oregon Inc.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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