Market Overview-

The global soy milk and cream market size is set to showcase compounding growth owing to the rising demand for vegan products among consumers globally, observes Fortune Business Insights™ in an upcoming report, titled, “Soy Milk and Cream Market Size, Share & Industry Analysis, By Type (Milk, Cream), By Application (Dairy, Bakery, Confectionery, Infant Formula) and Regional Forecast, 2024-2032.” Soy milk is gaining popularity as a substitute for cow milk and cream as it contains the same amount of protein but is low in calorie. This is expected to increase the demand for soy milk and cream.

A List of Key Manufacturers Operating In the Global Soy Milk and Cream Market Report:

  • Eden Foods
  • Pure Harvest
  • Vitasoy International Holdings
  • WhiteWave Foods Company
  • Dean Foods
  • Hain Celestial
  • Pacific Foods of Oregon, LLC
  • Stremicks Heritage Foods
  • SunOpta Inc.
  • Sanitarium

Highlights of the Report:

While making the report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included Study of core competencies of the key players and their market share to anticipate the degree of competition. Bottom-up procedure was conducted to arrive at the overall size of the market.

Drivers & Restraints-

Rising Demand for Vegan Products among Consumers Globally to Drive Growth

The substantial rise in global veganism is anticipated to boost the market for soy milk and cream. Evidence of the growing adoption of vegan lifestyles is widespread. For example, the Vegan Society, in collaboration with Vegan Life magazine, reports a 350% increase in consumers choosing veganism over the past decade. Additionally, in 2017, veganism was the most searched term in Canada, reflecting heightened awareness of this healthy lifestyle in the region.

As veganism encourages the preference for plant-based milk alternatives over traditional animal-based options, the demand for soy milk and cream is expected to grow, driving the overall expansion of the global market. However, the relatively low market penetration of soy milk and cream compared to dairy products may limit growth.

Regional Insights-

Growing Trend of Veganism in U.S. to Help North America Grow Potentially

North America is set to exhibit potential growth in the soy milk and cream market in the forecast timeframe. Growing trend of adopting veganism in the region is increasing the usage for plant-based milk alternatives. For instance, as per the research from GlobalData, the number of people adopting for veganism has increased by 600% in just three years. This is expected to drive the demand for soy milk and cream.

The market in Asia Pacific is expected to experience considerable growth. High production rate of soybean in countries including China, India, and Japan is driving the consumption of soy-based products. This is expected to further drive the growth of the soy milk and cream market in the region.

Competitive Landscape-

Players Launching their Products in Key Markets to Gain Market Share

The global market for soy milk and cream comprises various multinational and local players that are consistently expanding the industry across regions. The players are focusing on launching their products in the key markets in order to successfully expand their share. For instance, in January 2018, Hershey’s India launched Sofit, its recently acquired Soy-milk beverage, in the U.S. This will help the company expand its portfolio on a global scale.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower, Baner – Mahalunge Road,

Baner, Pune-411045,

Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Information contained on this page is provided by an independent third-party content provider. XPRMedia and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]