The global organic soy milk market size is expected to showcase a significant growth owing to the increasing demand for organic and clean-label products, states Fortune Business Insights™ in its report titled “Organic Soy Milk Market Size, Share and Industry Analysis, By Type (Powder, Liquid), By Application (Dairy, Infant Formula, Confectionery, Bakery) and Regional Forecast, 2020-2027”. The protein content in organic soy milk is equivalent to that of cow milk. It contains zero cholesterol and lower amount of saturated fats compared to cow milk. The increasing popularity of veganism, coupled with the growing demand for plant-based nutrition is expected to bolster the demand for organic soy milk. In addition, the growing awareness of animal welfare along with the increasing environmental concerns due to the consequences of livestock production, such as greenhouse gas emissions, is expected to drive the demand for organic soy milk.
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Highlights of the Report:
- Segmentation on the basis of product, type, consumption, distribution channel, and region
- Detailed analysis of the companies based on their financial positions, product portfolios, and growth strategies
- Study of core competencies of the key players and their market share to anticipate the degree of competition
- Employment of the bottom-up procedure to arrive at the overall size of the market by estimating revenues of key market players
Growing Demand for Clean-label Products to Drive Growth
The demand for organic and clean-label products is skyrocketing owing to the increasing awareness regarding the negative impact of synthetic chemicals and ingredients on consumers’ health. This has resulted in the growing demand for organic soy milk, which, in turn, will drive growth of the global organic soy milk market. In addition, rapid increase in the adoption of veganism across the world is further set to boost the market growth for organic soy milk.
Growing Consumption of Non-dairy Products to Aid North America Gain Market Share
North America is witnessing a considerable growth in the organic soy milk market owing to the growing consumption of non-dairy and organic products in the region. Rising instances of obesity and diabetes are further enhancing demand for organic soy milk.
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Asia Pacific is anticipated to exhibit eminent growth in the forecast timeframe owing to the rapid urbanization in the region. Besides, increasing health consciousness among consumers and the rising demand for high-protein low-calorie products is expected to drive the market growth.
Joint Ventures and Acquisitions to Help Prominent Players Increase their Production
Key players operating in the global organic soymilk market are focusing on expansions, mergers and acquisitions, and joint ventures in order to increase their footprints in the market. This will help them expand their market share, add variety to their product range, and increase their production capacity.
- May 2019: The triparty joint venture of Nutifood, Backahill Group, and the Cooperative of Skånemejerier Ekonomisc Forening dairy farms announced the operation of Nutifood Sweden AB dairy factory in Sweden. The establishment is expected to boost the company’s production of soy milk.
List of Key Players Covered in the Organic Soy Milk Market Report:
- Unifood International Pte Ltd.
- Eden Foods Inc.
- PANOS Brand llc.
- Wyeth (Hong Kong) Holding Company Limited.
- Pure Harvest
- WhiteWave Foods Company
- Dean Foods
- Hain Celestial
- Pacific Foods of Oregon, LLC
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