Soy milk obtained from soya is an alternate for regular milk that has gained traction for its extreme benefits. Fortified with calcium and vitamins, this milk is suitable for lactose intolerant people and for those who consume no dairy, vegans. Because it is readily available and needs no special care, the growing population of veganism has adopted the product on a large scale at a global level.
Soy Milk Market Size and Growth Rate:
Soy Milk Market was valued at USD xx million in 2017 and projected to reach USD xx million by 2022 growing at a CAGR of xx% during the forecast period 2017 to 2022.
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Soy Milk Market Growth Drivers and Restraints:
Rising consumer awareness regarding usage of lactose-free dairy products in day-to-day life which helps in maintaining the galactose level in the body, has also been a significant boost for the market. Manufacturers are offering a variety of soy milk-based dairy products to consumers in order to remain in competition.
Soy milk contains a high amount of essential ingredients such as carbohydrates, proteins, and calcium as compared to regular cow milk. Also, it contains no lactose, and is highly preferred by consumers which are lactose intolerant and individuals who avoid dairy products, including vegan consumers. Soy milks are also rich in protein and is a calcium fortified drink. All of these benefits have made the drink a trending phenomenon in the last few years.
Geographical Overview of Soy Milk Market:
North America is a one of the major market region, owing to the ever-growing vegan population in the region.
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Key Players of Soy Milk Market:
Some of the leading market players of Soy Milk Market are So Delicious Dairy Free, Silk, Pacific Foods, Nowfoods, Blue Diamond Growers, Zensoy and others.
Soy Milk Market Segmentation:
By Types:
By Application:
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