Soy Milk Market COVID-19 Impact Analysis, Demands and Industry Forecast Report 2029

pranit savgave

Dec 22, 2022 • 3 min read

Soy Milk Market

Soy Milk Market Overview:

Soy milk is an excellent substitute for cow milk because it contains the same amount of protein. Because of the rising obesity rate, there is a growing demand for low-calorie products. Consumers who are watching their weight prefer soy milk. Soy milk is a type of grain milk made by soaking and grinding dried soya beans in water. Soy milk is a stable emulsion of water, oil, and protein. Soy milk comes in a variety of flavours and is fortified with calcium and vitamins. Soy milk contains more key nutrients such as carbohydrates, proteins, and calcium than conventional cow milk. Lactose-free soy milks are popular among lactose-intolerant people and those who avoid dairy products.

The research conducted a micro-level examination of each country to determine the overall size of the Soy Milk market by countries and segments. A bottom-up approach is used to calculate the size of regional and global markets. Both paid and unpaid databases are used in the secondary research and analysis. Each participant's supply and consumption data are derived from official government databases, third-party databases, and, in the case of publicly traded companies, the company's annual reports. If a firm's annual reports are not made public, they can be obtained from the local government's tax division.

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Soy Milk Market Research methodology:

To estimate and validate the size of the global Soy Milk market, top-down and bottom-up approaches are used. Players closely adhere to various industry classification criteria to compile a comprehensive list of functional and relevant players. A rigorous validation test is also carried out to identify the most relevant competitors for the survey in the Soy Milk market. Priority lists are ordered based on revenue generated based on the most recent reporting using paid databases such as Factiva, Bloomberg, and others.

Finally, the questionnaire was established and specifically designed to meet all requirements for gathering primary data via prior appointment, with a focus on the primary target categories, including This helps us collect data on player revenue, operational cycle and spending statistics, profit, and product or service growth, among other things. Most data—roughly 70-80 percent—is gathered through primary media and then verified through secondary sources such as authorities, the World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and so on.

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Soy Milk Market COVID 19 Impact:

COVID-19 can have three major effects on the global economy: direct changes in supply and demand, market and supply chain disruptions, and economic impacts on businesses and financial markets. Following the COVID-19 issue, our researchers, who are monitoring the situation globally, predict that the market will present producers with enticing opportunities. The report's goal is to highlight the sector-wide effects of the current environment, the economic downturn, and COVID-19 in greater detail.

Soy Milk Market Segment:

The market is divided into Flavored and Unflavored segments based on product type. The introduction of a variety of flavours to the market has resulted in an increase in the consumption of flavoured soy milk. This segment is expected to grow at a CAGR of 6.3% between 2020 and 2027. Adults prefer flavoured or sweetened soy milk because it masks the original product's nutty flavour. The most popular flavours are vanilla and chocolate. Manufacturers are working to increase the variety of flavours available and package them in appealing packages to increase consumption and overall product demand.

Soy Milk Market Key players:

WhiteWave Foods
American Soy Products
Vitasoy International Holdings
SunOpta
Pacific Natural Foods
Panos Brands
Sanitarium
Hain Celestial Group, Inc.
Kikkoman Corporation
The Hershey Company
Alpro
Danone S.A.

Soy Milk Market Regional Analysis:

Based on geography, the Soy Milk market is segmented into 5 main regions, and they are- North America, Europe, Asia Pacific, the Middle East, Africa, and South America respectively.

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