Soy Milk Market

Soy Milk Market

Soy Milk - Global Market Outlook (2017-2026)

4.6 (63 reviews)
4.6 (63 reviews)
Published: 2019 ID: SMRC18499

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Soy Milk market is accounted for $14.44 billion in 2017 and is expected to reach $28.40 billion by 2026 growing at a CAGR of 7.8%. The factors such as increasing demand for lactose-free food products due to the ease of digest which is likely to contribute significantly to the revenue growth of soy milk market. However, the exceptional taste of the soy milk which significantly differs from the cow milk, the rise of other dairy alternatives and rivalry from beverage manufacturing industries are restraining the market growth.

Soy milk is a kind of grain milk, which is a steady emulsion of oil, water, and protein. It is delivered by drenching dry soybeans and grinding them with water. Soy is normally wealthy in basic unsaturated fats, proteins, fiber, nutrients, and minerals, which makes a sound beverage just as it is a brilliant wellspring of nutrient A, nutrient D, nutrient B, and magnesium. Since soy milk does not contain lactose, it is a reasonable solid beverage for lactose narrow minded individuals, and it gives all the nourishing advantages to the buyers with no antagonistic impacts.

Based on type, sweetened soymilk is estimated to have a lucrative growth due to high consumer demand for flavored beverages over the bland flavor of unsweetened soymilk. By geography, The Europe region likely to have a huge demand due to increasing focus of the population on healthy alternatives in emerging countries such as Germany and United Kingdom.

Some of the key players in the Soy Milk market include The Hershey Company, Vitasoy International Holdings LTD, Organic Valley, Eden Foods, Inc., Soy Fresh, Kikkoman Corporations, Alpro, PUREHARVEST, Vitasoy International Holdings LTD and WhiteWave Foods.

Flavors Covered:
• Chocolate
• Vanilla
• Coffee
• Mango
• Cardamom
• Saffron
• Almond
• Other Flavours

Products Covered:
• Full-fat soy milks
• Low-fat soy milks
• Other Products

Types Covered:
• Capacitive Sensors
• Optical Sensor
• Other Types

Distribution Channels Covered:
• Non-Store Based
• Store-Based
• Online Stores
• Retail Stores
• Supermarket/Hypermarket
• Other Distribution Channels

Applications Covered:
• Snacks
• Desserts
• Health Beverages
• Non-Dairy Cheese
• Beverages
• Cold-Pressed Milk
• Functional Beverages
• Weight Loss
• Bakery Products
• Other Applications

End Users Covered:
• Toddlers
• Infants
• Consumers With Lactose Intolerance
• Kids
• Adults
• Elder
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.

Table of Contents

1 Executive Summary    
2 Preface 
 2.1 Abstract    
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology  
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions  
3 Market Trend Analysis   
 3.1 Introduction   
 3.2 Drivers    
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats    
 3.6 Product Analysis   
 3.7 Application Analysis  
 3.8 End User Analysis   
 3.9 Emerging Markets   
 3.10 Futuristic Market Scenario  
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry   
5 Global Soy Milk Market, By Flavor  
 5.1 Introduction   
 5.2 Chocolate   
 5.3 Vanilla    
 5.4 Coffee    
 5.5 Mango    
 5.6 Cardamom   
 5.7 Saffron    
 5.8 Almond    
 5.9 Other Flavours   
6 Global Soy Milk Market, By Product  
 6.1 Introduction   
 6.2 Full-fat soy milks   
 6.3 Low-fat soy milks   
 6.4 Other Products   
7 Global Soy Milk Market, By Type  
 7.1 Introduction   
 7.2 Unsweetened   
 7.3 Sweetened   
8 Global Soy Milk Market, By Distribution Channel 
 8.1 Introduction   
 8.2 Non-Store Based   
 8.3 Store Based   
 8.4 Online Stores   
 8.5 Retail Stores   
 8.6 Supermarket/Hypermarket  
 8.7 Other Distribution Channels  
9 Global Soy Milk Market, By Application  
 9.1 Introduction   
 9.2 Snacks    
 9.3 Desserts    
 9.4 Health Beverages   
 9.5 Non-Dairy Cheese   
 9.6 Beverages   
 9.7 Cold-Pressed Milk   
 9.8 Functional Beverages  
 9.9 Weight Loss   
 9.10 Bakery Products   
 9.11 Other Applications   
10 Global Soy Milk Market, By End User  
 10.1 Introduction   
 10.2 Toddlers    
 10.3 Infants    
 10.4 Consumers With Lactose Intolerance 
 10.5 Kids    
 10.6 Adults    
 10.7 Elder    
 10.8 Other End Users   
11 Global Soy Milk Market, By Geography  
 11.1 Introduction   
 11.2 North America   
  11.2.1 US   
  11.2.2 Canada   
  11.2.3 Mexico   
 11.3 Europe    
  11.3.1 Germany   
  11.3.2 UK   
  11.3.3 Italy   
  11.3.4 France   
  11.3.5 Spain   
  11.3.6 Rest of Europe  
 11.4 Asia Pacific   
  11.4.1 Japan   
  11.4.2 China   
  11.4.3 India   
  11.4.4 Australia   
  11.4.5 New Zealand  
  11.4.6 South Korea  
  11.4.7 Rest of Asia Pacific  
 11.5 South America   
  11.5.1 Argentina  
  11.5.2 Brazil   
  11.5.3 Chile   
  11.5.4 Rest of South America 
 11.6 Middle East & Africa  
  11.6.1 Saudi Arabia  
  11.6.2 UAE   
  11.6.3 Qatar   
  11.6.4 South Africa  
  11.6.5 Rest of Middle East & Africa 
12 Key Developments    
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers  
 12.3 New Product Launch  
 12.4 Expansions   
 12.5 Other Key Strategies  
13 Company Profiling    
 13.1 The Hershey Company  
 13.2 Vitasoy International Holdings LTD  
 13.3 Organic Valley   
 13.4 Eden Foods, Inc.   
 13.5 Soy Fresh    
 13.6 Kikkoman Corporations  
 13.7 Alpro    
 13.9 Vitasoy International Holdings LTD 
 13.10 WhiteWave Foods   

List of Tables     
1 Global Soy Milk Market Outlook, By Region (2016-2026) (US $MN) 
2 Global Soy Milk Market Outlook, By Flavor (2016-2026) (US $MN) 
3 Global Soy Milk Market Outlook, By Chocolate (2016-2026) (US $MN) 
4 Global Soy Milk Market Outlook, By Vanilla (2016-2026) (US $MN) 
5 Global Soy Milk Market Outlook, By Coffee (2016-2026) (US $MN) 
6 Global Soy Milk Market Outlook, By Mango (2016-2026) (US $MN) 
7 Global Soy Milk Market Outlook, By Cardamom (2016-2026) (US $MN) 
8 Global Soy Milk Market Outlook, By Saffron (2016-2026) (US $MN) 
9 Global Soy Milk Market Outlook, By Almond (2016-2026) (US $MN) 
10 Global Soy Milk Market Outlook, By Other Flavours (2016-2026) (US $MN) 
11 Global Soy Milk Market Outlook, By Product (2016-2026) (US $MN) 
12 Global Soy Milk Market Outlook, By Full-fat soy milks (2016-2026) (US $MN) 
15 Global Soy Milk Market Outlook, By Low-fat soy milks (2016-2026) (US $MN) 
16 Global Soy Milk Market Outlook, By Other Products (2016-2026) (US $MN) 
17 Global Soy Milk Market Outlook, By Type (2016-2026) (US $MN) 
18 Global Soy Milk Market Outlook, By Unsweetened (2016-2026) (US $MN) 
21 Global Soy Milk Market Outlook, By Sweetened (2016-2026) (US $MN) 
22 Global Soy Milk Market Outlook, By Distribution Channel (2016-2026) (US $MN) 
23 Global Soy Milk Market Outlook, By Non-Store Based (2016-2026) (US $MN) 
26 Global Soy Milk Market Outlook, By Store Based (2016-2026) (US $MN) 
27 Global Soy Milk Market Outlook, By Online Stores (2016-2026) (US $MN) 
28 Global Soy Milk Market Outlook, By Retail Stores (2016-2026) (US $MN) 
29 Global Soy Milk Market Outlook, By Supermarket/Hypermarket (2016-2026) (US $MN) 
30 Global Soy Milk Market Outlook, By Other Distribution Channels (2016-2026) (US $MN) 
31 Global Soy Milk Market Outlook, By Application (2016-2026) (US $MN) 
32 Global Soy Milk Market Outlook, By Snacks (2016-2026) (US $MN) 
35 Global Soy Milk Market Outlook, By Desserts (2016-2026) (US $MN) 
36 Global Soy Milk Market Outlook, By Health Beverages (2016-2026) (US $MN) 
37 Global Soy Milk Market Outlook, By Non-Dairy Cheese (2016-2026) (US $MN) 
38 Global Soy Milk Market Outlook, By Beverages (2016-2026) (US $MN) 
39 Global Soy Milk Market Outlook, By Cold-Pressed Milk (2016-2026) (US $MN) 
40 Global Soy Milk Market Outlook, By Functional Beverages (2016-2026) (US $MN) 
41 Global Soy Milk Market Outlook, By Weight Loss (2016-2026) (US $MN) 
42 Global Soy Milk Market Outlook, By Bakery Products (2016-2026) (US $MN) 
43 Global Soy Milk Market Outlook, By Other Applications (2016-2026) (US $MN) 
44 Global Soy Milk Market Outlook, By End User (2016-2026) (US $MN) 
45 Global Soy Milk Market Outlook, By Toddlers (2016-2026) (US $MN) 
48 Global Soy Milk Market Outlook, By Infants (2016-2026) (US $MN) 
49 Global Soy Milk Market Outlook, By Consumers With Lactose Intolerance (2016-2026) (US $MN) 
50 Global Soy Milk Market Outlook, By Kids (2016-2026) (US $MN) 
51 Global Soy Milk Market Outlook, By Adults (2016-2026) (US $MN) 
52 Global Soy Milk Market Outlook, By Elder (2016-2026) (US $MN) 
53 Global Soy Milk Market Outlook, By Other End Users (2016-2026) (US $MN)  

Note:  Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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