Soy Milk & Cream Market - Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2021 - 2026

Report Code: FBR 0318 Report Format: PDF + Excel (Delivery in 48 Hrs)

Soy Milk & Cream Market Overview

Soy Milk & Cream market size is forecast to reach $13.8 billion by 2026, growing at a CAGR of 6.8% during the forecast period 2021-2026. With the same amount of protein content, yet significantly low on the calorie count, it is considered as one of the ideal substitutes for cow milk. Soy milk has low contents of phytic acid and is a good trypsin inhibitor, because of which it is easier for the body to absorb. The increasing awareness regarding health and wellness is making consumers turn to low calorie food, for instance bean curd, which is also made using cream derived from soy. Since the calorie count is low and is nutritionally balanced, soy milk helps to curb obesity effectively, which has become a growing concern over the recent past. This is set to further enhance the overall market development of the Soy Milk & Cream Market for the period 2021-2026.

Report Coverage

The report: Soy Milk & Cream Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Soy Milk & Cream Market.

By Product Type: Flavoured, and Unflavoured

By Application: Desserts, Cheese & Snacks, and Beverages, Others

By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

  • Asia Pacific dominated the Soy Milk & Cream Market in 2020 owing to the enormous consumer base and presence of major production houses throughout the region. The Soy Milk & Cream market scope for different regions will be provided in the final report.
  • Increasing consumption of non-dairy alternatives in conjunction with the awareness regarding health benefits and nutritive content of soy milk and cream are likely to aid the market growth of the Soy Milk & Cream Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Soy Milk & Cream Market report.
  • Consumers are more inclined towards substitutes like almond and coconut meal because of greater awareness which is poised to create the hurdles for the Soy Milk & Cream Market.

Soy Milk & Cream Market Revenue Share, By Geography, 2020(%)

Soy Milk & Cream Market

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Soy Milk & Cream Market Segment Analysis – By Product Type

The unflavoured segment held the largest share in the Soy Milk & Cream Market in 2020 and is estimated to grow at a CAGR 7.3% during the forecast period 2021-2026. This is attributed to the fact that unflavoured soy milk does not constitute any fortifications in the form of artificial sweeteners, which makes it preferable for the consumers. Unflavoured milk often comes mounded with other important nutrients, especially calcium, which augments the consumption rate. However, the introduction of various flavors over the recent past, has bolstered the market for flavoured soy milk. Adults often prefer the flavoured version, especially chocolate and vanilla flavours, as they successfully mask out the nutty aftertaste left by soy milk. Unflavoured are estimated to register the higher CAGR over the period 2021-2026.

Soy Milk & Cream Market Segment Analysis – By Application

Beverages held the largest share in the Soy Milk & Cream Market in 2020 and is estimated to grow at a CAGR of 6.4% during the forecast period 2021-2026. This is owing to the increasing number of consumers preferring to use soy milk irrespective of its type, either for direct consumption, or soy cream and milk as an ingredient for mixing tea and coffee. Being high on protein content, it is often used for feeding infants. However, there has been a growing consumption of deserts, especially those which are nutritionally rich and low on calories. Such deserts often have soy cream and milk as their primary constitute. Deserts are estimated to register the higher CAGR over the period 2021-2026.

Soy Milk & Cream Market Segment Analysis – By Geography

Asia Pacific dominated the Soy Milk & Cream Market with a major share of 36.6% in 2020. This is attributed to the abundant production of soy bean in most of  theAsian countries namely Japan, Hong Kong, India and China. Additionally, due to the rising concerns of the population regarding healthy alternatives, over time these countries became of the major consumers of soy milk and cream. All these factors are propelling the growth of the market in this region.

However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the growing consumption of non-dairy alternatives, at almost every household. With progressive campaigns and publicity regarding health and wellness, in order to curb obesity, by American governments is another factor which is driving the growth of the market in this region.

Soy Milk & Cream Market Drivers

Increasing consumption of non-dairy alternatives

Across many economies, there has been a growing incidence in the consumption of non-dairy products, due to growing awareness surrounding health and wellness. Products sourced using soy milk and cream are equally nutritious and low in calories which makes it ideal choice for consumers. Additionally, with more number of people turning to vegan diet every year, the consumption of soy milk is evident to rise. Thus, increasing the growth of the Soy Milk & Cream Market during the forecast period 2021-2026.

Aids keeping health in check

The key driver here is the fact that equal amounts of soy milk when compared to that of cow milk, contains similar quantities of protein, making it an ideal ingredient for consumption. It is significantly low in calories which makes it easier to combat obesity, thereby minimizing risks of cardiac arrests. Products made using soy milk help keep cholesterol in check, as it is derived from soy it can be consumed by a wider segment of population, particularly anaemic population as well as those suffering from lactose intolerance. Thus, increasing the growth of the Soy Milk & Cream Market during the forecast period 2021-2026.

Soy Milk & Cream Market Challenges

Threat from substitutes like coconut and almond milk

Some of the factors that are set to impede the growth of the Soy Milk & Cream Market are the concern regarding the increasing availability of substitutes like almond and coconut milk. This is mainly due to the fact these products have more awareness among consumers. The key market players are hence trying to create publicity in the form of marketing campaigns to increase awareness regarding soy milk or else it will hinder the growth of the market during the forecast period 2021-2026.

Soy Milk & Cream Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Soy Milk & Cream Market. In 2020, the Soy Milk & Cream Market share is consolidated by the top ten players present in the market. The Soy Milk & Cream Market, top 10 companies are Eden Foods, Inc., Organic Valley, Pureharvest, SunOpta Inc., and Pacific Natural Foods among others.


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1. Soy Milk & Cream Market- Overview
    1.1 Definitions and Scope
2. Soy Milk & Cream Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Soy Milk & Cream Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Soy Milk & Cream Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Soy Milk & Cream Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Soy Milk & Cream Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Soy Milk & Cream Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Soy Milk & Cream Market– By Product Type(Market Size –$Million/$Billion)
    8.1 Flavored
    8.2 Unflavored
9. Soy Milk & Cream Market– By Application(Market Size –$Million/$Billion)
    9.1 Desserts
    9.2 Cheese & Snacks
    9.3 Beverages
10. Soy Milk & Cream Market- By Geography(Market Size –$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 U.K.
        10.2.2 France
        10.2.3 Germany
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Soy Milk & Cream Market- Entropy
12. Soy Milk & Cream Market– Industry/Segment Competition Landscape Premium
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Competition Matrix
        12.1.5 Best Practices for Companies
13. Soy Milk & Cream Market– Key Company List by Country Premium Premium
14. Soy Milk & Cream Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10  Company 10
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