Global Organic Soymilk Market Report and Forecast 2024-2032

Global Organic Soymilk Market Outlook

The global organic soymilk market size is expected to grow at a CAGR of 7.30% between 2024 and 2032. The major market drivers include increasing awareness regarding nutritional benefits and multi-functionality of soymilk, and rising demand from the food and beverage industry.

Key Trends in the Market

Organic soymilk is a plant-based healthy liquid that is prepared by blending soaked soybeans with water and straining the solids. It leaves behind a smooth milk-like liquid which is considered to be healthy as it supports the proper functioning of various organs and muscles. Soymilk’s texture is creamy and rich and contains more calories, antioxidants, and proteins as compared to regular milk. Organic soymilk is sold in both refrigerated and non-refrigerated forms but both types must be refrigerated once opened.

• Rising demand for organic products and adoption of vegan diets is a growing trend among consumers. This has increased the shift of consumers from the consumption of dairy-based and inorganic products to organic, non-dairy based food and beverages. This shift is expected to propel the growth of the market for organic soymilk over the forecast period.

• Increasing awareness among consumers regarding the negative health effects of pesticides is another crucial trend fuelling the growth of the organic soymilk market. Organic farming restricts the use of chemical fertilisers, genetically modified organisms, and artificial or synthetic pesticides due to which it is often preferred for healthier products.

• Growing concerns pertaining to environment and animal welfare are compelling people to shift their preference to plant-based products. Governments of various countries are working towards a sustainable future; this is enhanced by manufacturers shifting to the use of organic soymilk as a raw material for manufacturing various organic products.

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Market Analysis

Based on product type, the organic soymilk market is bifurcated into powder and liquid. On the basis of application, the market is divided into bakery, dairy, infant formula, and confectionary. By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global organic soymilk market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• NOW Health Group, Inc.

• Danone S.A.

• Nutifood Nutrition Food Joint Stock Company

• PureHarvest

• (Bega Cheese Limited) Vitasoy

• American Soy Products, Inc.

• Others

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Market Share by Product Type

Powder product types hold a major share of the organic soymilk market owing to convenient storage and transportation, and comparatively easier formulation process. Organic soymilk powder finds applications in domains of the dairy industry such as yogurt formation and tofu production. Various manufacturers have started adopting soymilk powder for manufacturing organic baby formula due to the increased availability of soymilk powder, easy digestibility compared to regular milk, and growing demand from parents. Soymilk powder in its organic form is also considered to be very healthy for the skin, muscle tissues, and bone. Such advantages and applications are boosting the demand of the powder organic soymilk across the globe.

Market Share by Region

North America has been observing significant growth in the organic soymilk market because of the rising number of consumers of organic and non-dairy products and increasing demand for plant-based and fat-free food in the region. Rising cases of diabetes and obesity in North America is another major factor aiding the shift to organic soymilk. Moreover, trend of adopting vegan diets has been increasing rapidly in the region especially in countries such as Canada and United States. Consumers with lactose intolerance often utilise soymilk as a dairy alternative and are increasingly preferring organic soymilk. With the rising awareness of benefits of organic soymilk, more flavours and variations are becoming available in North America, supporting market growth further.

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Competitive Landscape

NOW Health Group, Inc. is a food and beverage manufacturing company that is headquartered in Illinois, United States. It was founded in 1968 and focuses on providing value in natural products in order to help people lead healthier and happier lives. Its products include sports nutrition, pet health, personal care, healthy foods, aromatherapy, and supplements, among others.

PureHarvest, founded in 2016 and headquartered in Abu Dhabi, United Arab Emirates, is a farming company that produces greenhouse vegetables and fruits in challenging climates and is focussed on sustainable agriculture. They specialise in the production of vine vegetable corps such as eggplants, capsicum, strawberries, tomatoes, and cucumbers, among others.

American Soy Products, Inc. was founded in 1985 and is based in Michigan, United States. It is a food and beverage manufacturing company that produces premium quality food products along with specialised processing technologies. American Soy Products focuses on the safety, quality, and consistency of the food products delivered to consumers.

Other market players include Danone S.A., Nutifood Nutrition Food Joint Stock Company, and (Bega Cheese Limited) Vitasoy, among others.

Key Highlights of the Report