Soy Beverages Market Trends, Future Outlook, COVID-19 Impact Analysis, Forecast 2022-2028
The global
soy beverages market is anticipated to grow at a CAGR of around 6% during the
forecast period. The growth of the soy beverages market is attributed to its
increasing appeal among a wide range of consumers, including flexitarians who
are adopting more plant-based lifestyles. Additionally, the soy beverage market
is continuously evolving as consumers across the globe are looking to get new
and interesting flavors in their beverages. In addition to this, the soy
beverage industry is also being impacted by consumers increasing adoption for
healthier beverages with enhanced protein, energy, and various other nutrients.
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Moreover,
consumer awareness regarding soy's healthfulness and taste will increase the
adoption of soy beverages. This in turn, tends to drive the market and hence enhance
the soy beverages market shares. Additionally, soy food & beverages are
already considered a significant part of cuisine in many South-East Asian
countries. Hence, Asia-Pacific provides good growth to the soy beverage market
across the region. China imports a considerable share of global soybean imports
from other significant soy producing countries such as Brazil, the US, and
Argentina. Hence, the soy beverages market has a potential growth opportunity
in China.
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Additionally,
owing to the changing population profiles and consumption trends in the
Asia-Pacific region, the demand for fortified soy beverages has risen
considerably. This is due to the fact that fortified soy beverages provide
calcium along with vitamin D, iron, and vitamin B12 which aid in maintaining
good health.
In addition
to this, the rising demand for soy beverages is also driving the focus of
producers to bring innovation in their products in order to capture large
market shares. For instance, identity-preserved (IP) soybeans are being used
increasingly by the processed soy milk and tofu industries situated across the
region, in order to assure consistency, quality, and high standards of end
products. Similarly, various soy manufacturing companies are also employing
technology such as ‘taste modulation’ that are intended to improve the taste of
soy milk. This is anticipated to significantly drive the soy beverages market
across the region.
Global Soy Beverages Market- Segmentation
By Product Type
·
Soy-Milk
·
Soy-Yogurt
By Flavor
·
Plain Soy Beverages
·
Flavored Soy
Beverages
By Distribution Channel
·
Retail &
Supermarket
·
Online Platform
Soy Beverages Market– Segment by Region
North America
·
United States
·
Canada
Europe
·
Germany
·
United Kingdom
·
France
·
Spain
·
Italy
·
Rest of Europe
Asia-Pacific
·
China
·
Japan
·
India
·
Rest of
Asia-Pacific
Rest of the World
·
Middle East &
Africa
·
Latin America
Company Profiles
·
Adisoy Foods &
Beverages Pvt. Ltd.
·
Asahi Group
Holdings Ltd.
·
Bio Nutrients
(India) Pvt.Ltd.
·
Dairy Farmers of
America, Inc.
·
Danone S.A.
·
Devansoy Inc.
·
DuPont de Nemours,
Inc.
·
Kikkoman Corp.
·
Marusan-AI CO.,
LTD.
·
Natur-a Foods
·
Otsuka
Pharmaceutical Co., Ltd.
·
Pacific Foods of
Oregon, LLC.
·
Spiral Foods Pty
Ltd
·
SunOpta Inc.
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