Soy Beverages Market - Growth, Trends, and Forecasts (2020 - 2025)

Global soy beverage market is projected to record CAGR of 6.1% during the forecast period (2019-2024).

Soy-based products are thriving segment of food and beverages industry as it is gradually becoming a significant part of our diet. Moreover, soy-based products form a prominent source of nourishment for millions of livestock.

Soy-based products are considered to be rich in nutritious content especially in carbohydrate, protein, omega 3 – fatty acid and contain no cholesterol. Owing to this these products are gaining popularity among health-conscious consumers.

Key Market Trends

Rising Health Concern Increased the Consumption of Soy based Products

Soy beverages are consumed because of the increased availability of soy, and the scientific facts that proves many health benefits of the beans; including lowering blood cholesterol and reducing the risk of certain cancers. Additionally, soy beverages are consumed as a replacement for lesser-healthy drinks because of its nutrition content. Soybean-based foods, apart from being a complete source of protein, also contain other important nutrients, such as fiber, B vitamins and omega3 fatty acids. All these nutrients play an important role in the growth of infants, fetal growth in pregnant women, and provide various other benefits for children and adults alike. The rising health consciousness in the developing and developed regions is driving the soy beverages market.

Asia-Pacific holds the Major Share in Soy Beverages Market

Asia-Pacific has the highest market for soy beverages due to the rising disposable incomes and the demand for processed foods. It is followed by fast-growing markets like North America and Europe. With increasing lifestyle diseases and aging population in North America, consumers are drifting towards functional foods offering a broad spectrum of health benefits. The demand for soy beverages is also increasing in the developing regions of South America and Africa because of rising health concerns. The growing demand for soy-based products in the developing regions of South America and Africa provide a huge platform for the players to increase their presence and thus, increase their market share.

Competitive Landscape

The introduction of new soy beverages provides a massive platform for the development of this growing market. Some of the major key players of the global soy drinks market includes Danone, Organic Valley and Kikkoman Pearl Soymilk, amongst others.

Reasons to Purchase this report:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

This product will be delivered within 2 business days.