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Global Organic Soymilk Market Share, Size, Growth, Analysis, Trends, Forecast: By Product Type: Powder, Liquid, By Application: Bakery, Dairy, Infant Formula, Confectionary; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Organic Soymilk Market Outlook
The global organic soymilk market size is expected to grow at a CAGR of 7.30% between 2023 and 2028. 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.
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
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.
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
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Organic Soymilk Market Analysis
8.1 Key Industry Highlights
8.2 Global Organic Soymilk Historical Market (2018-2022)
8.3 Global Organic Soymilk Market Forecast (2023-2028)
8.4 Global Organic Soymilk Market by Product Type
8.4.1 Powder
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Liquid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Organic Soymilk Market by Application
8.5.1 Bakery
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Dairy
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Infant Formula
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Confectionary
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global Organic Soymilk Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Organic Soymilk Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Organic Soymilk Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Organic Soymilk Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Organic Soymilk Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Organic Soymilk Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 NOW Health Group, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Danone S.A.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Nutifood Nutrition Food Joint Stock Company
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 PureHarvest
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 (Bega Cheese Limited) Vitasoy
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 American Soy Products, Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Organic Soymilk Market: Key Industry Highlights, 2018 and 2028
2. Global Organic Soymilk Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Organic Soymilk Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Organic Soymilk Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Organic Soymilk Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Organic Soymilk Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Organic Soymilk Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Organic Soymilk Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Organic Soymilk Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Organic Soymilk Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Organic Soymilk Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Organic Soymilk Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Organic Soymilk Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Organic Soymilk Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Organic Soymilk Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Organic Soymilk Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Organic Soymilk Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Organic Soymilk Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 7.30% between 2023 and 2028.
The major market drivers include increasing awareness regarding nutritional benefits and multi-functionality of soymilk, and rising demand from the food and beverage industry.
The key trends of the market are rising demand for clean label and organic products, growing awareness regarding negative health effects of pesticides, and rising concern towards environment.
Organic soymilk is a healthy and smooth milk-like liquid that is rich and creamy in texture and is prepared by blending soaked soybeans with water and straining the solids.
Organic soymilk helps support the cardiovascular system and optimum functioning of various organs and muscles.
Organic soymilk is available in both refrigerated and non-refrigerated form, but after opening, both require refrigeration.
The significant product types include powder and liquid.
The various applications of organic soymilk in the market are bakery, dairy, infant formula, and confectionary.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players of the global organic soymilk market, according to the report, include 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.
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