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Soy Milk Market Size, Share & Trends Analysis Report By Product Type (Flavored, Unflavored), By Application (Desserts, Cheese & Snacks, Beverages), By Region, And Segment Forecasts, 2019 - 2025

Published: Apr, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Food & Beverages | Report Format: Electronic (PDF)

The global soy milk market size is expected to reach USD 23.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. The market is expected to witness significant growth owing to increasing awareness about the health benefits of soy foods and beverages. Availability of a variety of soy milk fortified with nutrients and flavors has helped the product gain popularity in children and adults alike.

The beverages application segment held a major share of the overall revenue owing to growing consumption of soy milk as an alternative to cow milk for daily consumption or in preparation of tea and coffee. Moreover, new varieties of flavored soy milk is expected to drive the demand for beverages over the forecast period. However, the desserts segment is expected to grow significantly with a CAGR of 6.6%. Increasing consumption of non-dairy dessert food is expected to increase the consumption of the product in desserts.

The unflavored product segment accounted for a significant share in the market. It is used in the preparation of a variety of snacks and dishes. The original product has a peculiar nutty taste, which most consumers do not like. Hence, many flavors are introduced in the market to increase consumption of the product. Vanilla and chocolate are the popular flavors among others, which is expected to fuel the product demand.

Asia Pacific was the largest consumer of the product in 2018 due to large scale production of soy bean in major countries like China, India, Japan, and Hong Kong. China was the major consumer in the entire world in 2018. North America is anticipated to witness substantial growth in light of increasing awareness of soy benefits and consumption of non-dairy alternatives. In Europe, many German manufacturers are engaged in utilizing the health benefits of the product to make various dairy products like cheese and butter. This is expected to drive the market owing to product offerings based on soy milk.

Further key findings from the study suggest:

• In terms of revenue, the desserts application segment is projected to expand at a CAGR of 6.6% over the forecast period owing to rapid increase in the overall desserts and non-dairy dessert alternatives. Beverages dominated the market with an overall share of 42.2% in 2018

• Asia Pacific dominated the market in 2018 and accounted for a share of 37.1%. This trend is projected to resume over the next few years owing to increasing population and awareness about the benefits of soy-based food and beverages

• The market for dessert is expected to witness significant growth in various countries including U.S., U.K., Germany, India, and Japan owing to increasing consumption of non-dairy foods and beverages

• The industry is highly competitive in nature due to presence of the main players including Eden Foods; Organic Valley; Pureharvest; WhiteWave Foods; SunOpta Inc.; and Vitasoy

• Various manufacturers are concentrating on introducing new flavors of soy milk in the market to increase product offering.
 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Market Segmentation & Scope
                  1.2. Market Definition
                  1.3. Information Procurement
                      1.3.1. Purchased Database
                      1.3.2. GVR's Internal Database
                      1.3.3. Secondary Sources & Third-Party Perspectives
                      1.3.4. Primary Research
                  1.4. Information Analysis 
                      1.4.1. Data Analysis Models
                  1.5. Market Formulation & Data Visualization
                  1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                  2.1. Market Outlook
                  2.2. Segmental Outlook
                  2.3. Competitive Insights

Chapter 3. Soy Milk Market Variables, Trends & Scope
                  3.1. Market Introduction
                  3.2. Penetration & Growth Prospect Mapping
                  3.3. Industry Value Chain Analysis
                      3.3.1. Sales/Retail Channel Analysis
                      3.3.2. Profit Margin Analysis
                  3.4. Market Dynamics
                      3.4.1. Market Driver Analysis
                      3.4.2. Market Restraint Analysis
                      3.4.3. Industry Challenges
                      3.4.4. Industry Opportunities
                  3.5. Business Environment Analysis
                      3.5.1. Industry Analysis - Porter's
                          3.5.1.1. Supplier Power
                          3.5.1.2. Buyer Power
                          3.5.1.3. Substitution Threat
                          3.5.1.4. Threat from New Entrant 
                          3.5.1.5. Competitive Rivalry
                  3.6. Roadmap of Soy Milk Market
                  3.7. Market Entry Strategies 

Chapter 4. Consumer Behavior Analysis
                  4.1. Consumer Trends and Preferences
                  4.2. Factors Affecting Buying Decision 
                  4.3. Consumer Product Adoption 
                  4.4. Observations & Recommendations

Chapter 5. Soy Milk Market: Product Estimates & Trend Analysis
                  5.1. Product Movement Analysis & Market Share, 2018 & 2025
                  5.2. Flavored
                      5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                  5.3. Unflavored
                      5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)

Chapter 6. Soy Milk Market: Application Estimates & Trend Analysis
                  6.1. Application Movement Analysis & Market Share, 2018 & 2025
                  6.2. Desserts
                      6.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                  6.3. Cheese and Snacks
                      6.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                  6.4. Beverages
                      6.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)

Chapter 7. Soy Milk Market: Regional Estimates & Trend Analysis
                  7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                  7.2. North America
                      7.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                      7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                      7.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                      7.2.4. U.S.
                          7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                          7.2.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                  7.3. Europe
                      7.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                      7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                      7.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                      7.3.4. Germany
                          7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                          7.3.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                      7.3.5. U.K.
                          7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                          7.3.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                  7.4. Asia Pacific
                      7.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                      7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                      7.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                      7.4.4. China 
                          7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                          7.4.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                      7.4.5. India
                          7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                          7.4.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                  7.5. Central & South America
                      7.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                      7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                      7.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                      7.5.4. Brazil
                          7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                          7.5.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                  7.6. Middle East & Africa (MEA)
                      7.6.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                      7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                      7.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)

Chapter 8. Competitive Landscape
                  8.1. Company Market Share Analysis
                  8.2. Vendor Landscape
                  8.3. Competitive Environment
                  8.4. Company Market Positioning
                  8.5. Strategy Framework

Chapter 9. Company Profiles
                  9.1. Eden Foods
                      9.1.1. Company Overview
                      9.1.2. Financial Performance
                      9.1.3. Product Benchmarking
                      9.1.4. Strategic Initiatives
                  9.2. Organic Valley
                      9.2.1. Company Overview
                      9.2.2. Financial Performance
                      9.2.3. Product Benchmarking
                      9.2.4. Strategic Initiatives
                  9.3. Pureharvest
                      9.3.1. Company Overview
                      9.3.2. Financial Performance
                      9.3.3. Product Benchmarking
                      9.3.4. Strategic Initiatives
                  9.4. WhiteWave Foods
                      9.4.1. Company Overview
                      9.4.2. Financial Performance
                      9.4.3. Product Benchmarking
                      9.4.4. Strategic Initiatives
                  9.5. American Soy Products
                      9.5.1. Company Overview
                      9.5.2. Financial Performance
                      9.5.3. Product Benchmarking
                      9.5.4. Strategic Initiatives
                  9.6. Vitasoy International Holdings
                      9.6.1. Company Overview
                      9.6.2. Financial Performance
                      9.6.3. Product Benchmarking
                      9.6.4. Strategic Initiatives
                  9.7. SunOpta
                      9.7.1. Company Overview
                      9.7.2. Financial Performance
                      9.7.3. Product Benchmarking
                      9.7.4. Strategic Initiatives
                  9.8. Pacific Natural Foods
                      9.8.1. Company Overview
                      9.8.2. Financial Performance
                      9.8.3. Product Benchmarking
                      9.8.4. Strategic Initiatives
                  9.9. Panos Brands
                      9.9.1. Company Overview
                      9.9.2. Financial Performance
                      9.9.3. Product Benchmarking
                      9.9.4. Strategic Initiatives
                  9.10. Sanitarium
                      9.10.1. Company Overview
                      9.10.2. Financial Performance
                      9.10.3. Product Benchmarking
                      9.10.4. Strategic Initiatives
List of Tables

1. Soy Milk - Key market driver analysis
2. Soy Milk - Key market restraint analysis
3. Global flavored soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
4. Global unflavored soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
5. Global soy milk market estimates and forecast for dessert, 2015 - 2025 (USD Billion)
6. Global soy milk market estimates and forecast for cheese and snacks, 2015 - 2025 (USD Billion)
7. Global soy milk market estimates and forecast for beverages, 2015 - 2025 (USD Billion)
8. North America soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
9. North America soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion)
10. North America soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
11. U.S. soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
12. U.S. soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion)
13. U.S. soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
14. Europe soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
15. Europe soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion)
16. Europe soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
17. Germany soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
18. Germany soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion)
19. Germany soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
20. U.K. soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
21. U.K. soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion)
22. U.K. soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
23. Asia Pacific soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
24. Asia Pacific soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion)
25. Asia Pacific soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
26. China soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
27. China soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion
28. China soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
29. India soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
30. India soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion)
31. India soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
32. Central & South America soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
33. Central & South America soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion)
34. Central & South America soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
35. Brazil soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
36. Brazil soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion)
37. Brazil soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
38. Middle East & Africa soy milk market estimates and forecast, 2015 - 2025 (USD Billion)
39. Middle East & Africa soy milk market revenue estimates and forecast by product type, 2015 - 2025 (USD Billion)
40. Middle East & Africa soy milk market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
41. Vendor landscape 


List of Figures

1. Soy Milk market snapshot 
2. Soy Milk market segmentation & scope
3. Soy Milk market penetration & growth prospect mapping
4. Soy Milk value chain analysis
5. Soy Milk market dynamics
6. Soy Milk market Porter's analysis 
7. Soy Milk market: Product movement analysis 
8. Soy Milk market: Application movement analysis 
9. Soy Milk market: Regional movement analysis

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