The ‘Global Organic Soymilk Market Share, Size, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global organic soymilk market, assessing the market on the basis of its segments like product type, application, and region.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Organic Soymilk Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 30%
The changing consumer preference towards healthy and nutritional beverages, influenced by increasing incidences of obesity and diabetes, is driving the market for organic soymilk. Due to rising health consciousness, there is a growing demand for low-calorie consumables. As a result, many consumers making an attempt to reduce weight prefer organic soymilk, which is an aiding factor of the organic soymilk market.
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Heart patients often prefer organic soymilk since it is considered helpful in lowering harmful cholesterol levels. Soymilk is frequently used as a dairy substitute by consumers who are lactose intolerant or anaemic. In this regard, the lactose-free and high iron content of organic soymilk are working in favour of the global market for organic soymilk. Additionally, its high isoflavone concentration is known to guard against cancers brought on by hormones. The powdered type is one of the leading segments in the market for organic soymilk since it is simpler to prepare and convenient for use and transportation.
Several dairy-free products, including tofu and yoghurt, frequently contain organic soymilk. In organic infant formula, manufacturers often prefer incorporating organic soymilk since it is more readily available and easier to digest than cow milk. In North America, new flavours and varieties are becoming accessible as people become more aware of the advantages of organic soymilk, which is fostering the organic soymilk market expansion.
Organic Soymilk Industry Definition and Major Segments
Organic soymilk refers to a nutritious liquid obtained from blending soaked soybeans with water and removing the solids. It leaves behind a fluid that has the consistency of milk and is nutritious and helps keep the muscles and organs in the body working properly. In comparison to ordinary milk, soymilk has a thick, creamy texture and includes more calories, proteins, and antioxidants.
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On the basis of product type, the market is bifurcated into:
Based on application, the market is segmented into:
- Infant Formula
On the basis of region, the market is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Organic Soymilk Market Trends
The growing demand for organic products, induced by rising awareness regarding the harmful effects of chemicals, is a key trend driving the organic soymilk market growth. The market is expanding due to increasing awareness among consumers pertaining to the harmful effects of pesticides on the body. Organic farming is frequently recommended for healthier products because it prohibits the use of synthetic pesticides, genetically modified organisms, and chemical fertilisers. Over the course of the forecast period, this change is anticipated to fuel the market for organic soymilk.
Major producers are investing towards research and development to reduce the nutty taste of organic soymilk by adding more flavours and marketing the product in appealing containers through a variety of distribution channels. Growing celebrity endorsements are also contributing to the organic soymilk market expansion. People are also shifting their preferences towards plant-based products due to growing concerns about the environment and animal welfare. Efforts of governments across emerging economies to create a sustainable future are encouraging manufacturers to use organic soymilk as a raw material for producing diverse organic goods.
Key Market Players
The major players in the global organic soymilk market report are NOW Health Group, Inc., Danone S.A., Nutifood Nutrition Food Joint Stock Company, PureHarvest, (Bega Cheese Limited) Vitasoy, and American Soy Products, Inc., among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.