Latest News- Soy Beverages Market: Soy milk is expected to lead the Type segment during 2024-2028

The Soy Beverages Market is being driven by Growing demand for soy beverages from lactose-intolerant and vegan consumers

The Soy Beverages Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3034.1 million. The global soy beverages market is experiencing significant competition, with vendors investing heavily in research and development (R&D) to introduce innovative organic, flavored, and unflavored soy beverage options. This trend is driven by the increasing consumer demand for healthy and functional beverages. Notably, there has been a surge in new product launches, such as soy milk and soy-based drinkable yogurt, from companies like Hershey India Pvt. Ltd., which recently extended its plant-based drink offerings in India to cater to the rising preference for non-dairy alternatives over animal-based products. 

Get more information on Soy Beverages Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Soy milk
  • Soy-based drinkable yogurt
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for soy beverages from lactose-intolerant and vegan consumers
• Health concerns of consumers leading to increased consumption of soy beverages
• Rising awareness about health benefits of soy beverages

However, the market also witnesses some limitations, which are as follows:

• Availability of substitute functional beverages
• Allergies associated with soy
• High price of soy beverages

Benefits of Buying Global Soy Beverages Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Soy Beverages Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Soy Beverages Market is driven by various factors including soy protein concentration and isoflavone content, phytic acid reduction through enzyme-assisted extraction, and use of fermentation technology for flavor enhancement. Soybean processing waste utilization, textural properties, and microbial contamination are key considerations. Product innovation, cost optimization, and supply chain management are essential for market competitiveness. Functional food properties, nutrient bioavailability, and consumer perception are critical for sales optimization. Regulatory compliance, food safety standards, and brand positioning are crucial for market success. Product differentiation, distribution channels, and customer segmentation are also important strategies for market growth. Soybean peptide hydrolysates offer functional benefits, while textural properties and flavor enhancement methods enhance consumer experience. Quality assurance protocols and regulatory compliance ensure product safety and consumer trust.

Market Research Overview

The Soy Beverages Market is a significant segment within the global packaged foods industry, encompassing vendors engaged in the production of soy protein isolate, soy milk, tofu, soy yogurt, and soybean oil extraction, as well as lecithin extraction methods. Technavio's market analysis calculates the market size based on the combined revenue generated by these entities. Equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages, including soy beverages, are excluded. The market's expansion will be fueled by the growing consumer preference for healthier food options, with minimally processed soy-based products offering nutritional benefits such as potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/