Market Overview

The Global Soy Beverages Market was valued at USD 5,350.7 million in 2023 and is expected to reach USD 12,446.9 million by 2031 while growing at a CAGR of 11.1 % during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global soy beverages market growth. Soy beverages, commonly known as soy milk, are plant-based alternatives to dairy milk, popular among those seeking plant-based or lactose-free options. Produced by soaking, grinding, and boiling soybeans, followed by straining, soy milk has a mild, creamy flavor and a nutritious profile with protein, vitamins, and minerals.

Increasing demand for plant-based alternatives, coupled with the prevalence of lactose intolerance and dairy allergies, propels the growth of the soy beverages market. Nonetheless, challenges such as allergen concerns and perceptions related to taste and texture may impede the expansion of the market.

Furthermore, the global soy beverages industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Soy Beverages Market is segmented among Soy Milk, and Soy-Based Drinkable Yogurt, based on Product Type. In 2023, Soy Milk accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Flavor Analysis

The Global Soy Beverages Market is segmented among Plain Soy Beverages, and Flavored Soy Beverages, based on Flavor. In 2023, Plain Soy Beverages accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Soy Beverages Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Danone SA, Organic Valley, Kikkoman Pearl Soy Milk, The Hain Celestial Group, Eden Foods, ZenSoy, Trader Joe's, Jaffe Bros. Natural Foods, and Devansoy.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Soy Beverages Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Soy Beverages Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Soy Beverages Market Segmentation, By Product Type  

• Global Soy Beverages Market Share Analysis, By Product Type  

• Global Soy Beverages Market Growth Analysis, By Product Type  

• Global Soy Beverages Market Trends, By Product Type  

o Soy Milk

o Soy-Based Drinkable Yogurt

6. Global Soy Beverages Market Segmentation, By Flavor  

• Global Soy Beverages Market Share Analysis, By Flavor  

• Global Soy Beverages Market Growth Analysis, By Flavor  

• Global Soy Beverages Market Trends, By Flavor  

o Plain Soy Beverages

o Flavored Soy Beverages

7. Global Soy Beverages Market Segmentation, By Distribution Channel

• Global Soy Beverages Market Share Analysis, By Distribution Channel

• Global Soy Beverages Market Growth Analysis, By Distribution Channel

• Global Soy Beverages Market Trends, By Distribution Channel

o Supermarkets/Hypermarkets

o Pharmacies/Drug Stores

o Online Retail Stores

o Convenience Stores

o Others

8. Global Soy Beverages Market Segmentation, By Region

• Global Soy Beverages Market Share Analysis, By Region

• Global Soy Beverages Market Growth Analysis, By Region

• Global Soy Beverages Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Danone SA*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Organic Valley

• Kikkoman Pearl Soy Milk

• The Hain Celestial Group

• Eden Foods

• ZenSoy

• Trader Joe's

• Jaffe Bros

• Natural Foods

• Devansoy

 *Similar analysis will be provided for each company listed above.