The Global Soy Milk Market is anticipated to grow at a considerable CAGR value in the forecasted period. The forecast period is estimated to be 2019-2026. The primary reason that is driving the market of the Global Soy Milk Market is increasing adoption of soy milk for lactose intolerance population. Soya milk is made by grinding and soaking the soyabeans after which they are boiled and filter. The soya milk is a plant-based product. Vegan people use soya milk as a substitute for milk as they don’t prefer products from animals. Soya milk is a source of cholesterol free milk and also provides low fat to the individual’s body. The other factors that are driving the growth of the Global Soy Milk Market are demand for the lactose free products due its easily digestible feature, surging lactose intolerant population and increasing awareness regarding the usage of lactose free dairy product. The galactose level in the body is maintained by the usage of lactose free dairy product. The substitutes of soya milk that are easily available are almond milk, coconut milk.
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The key players in the Global Soy Milk Market includes Eden Foods, Inc., Pureharvest, American Soy Products, SunOpta, PANOS brands, Alpro, Provamel, NOW Foods, Hain Celestial, Organic Valley, THE WHITEWAVE FOODS COMPANY, Vitasoy, PACIFIC FOODS OF OREGON, LLC., Sanitarium, DREAM, and many others. All the key players help in contributing to the growth of market by adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and providing various products.
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Segmentation of Global Soy Milk Market:
By product Type
- Flavored Soy Milk
- Unflavored Soy Milk
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retailers
- Other Distribution Channels
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