The soy milk market is anticipated to grow at a CAGR of around 6% during the forecast period. Soy milk is made solely from soybeans seeds and has a number of health benefits. Soy can reduce hyper pigmentation and have anti-aging properties, which are anticipated to fuel its demand, especially among the female population. In addition to this, hair loss is one of the most common problems across the globe, and soy milk when combined with a protein-rich diet promotes good hair growth. This is also expected to increase the shares of the soy milk market during the forecast period.
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However, the original bitter taste of soy milk will reduce its adoption rate across the globe which will restrict the growth of soy milk. In addition to this, soy causes allergic reactions involving a rash, itching, and anaphylaxis in several people owing to this the soy milk market growth will be hampered during the forecast period.
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Market Segmentation
Global Soy Milk Market by Type
• Plain Soy Milk
• Flavored Soy Milk
Global Soy Milk Market by Application
• Desserts
• Cheese&Snacks
• Beverages
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Earth’s Own Food Co. Inc.
• FUJI OIL CO., LTD.
• Green Spot Co., Ltd.
• Invigorate Foods Pvt Ltd.
• Johars Group
• Kikkoman Corp.
• Lactasoy co.th
• Marusan-AI Co., Ltd.
• MUSO co., Ltd.
• Natur-a Foods
• NOW Health Group, Inc.
• Pacific Foods of Oregon, LLC
• SunOpta Inc.
• The Hain Celestial Group, Inc.
• The Hershey Co.
• Vietnam Soya Products Co.
• Vitasoy International Holdings Ltd.
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