Product Code: GVR-3-68038-086-6
Soy Milk Market Growth & Trends:
The global soy milk market size is estimated to reach USD 7.40 billion by 2030, registering to grow at a CAGR of 5.1% from 2025 to 2030 according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to increasing awareness about the health benefits of soy foods and beverages. Availability of a variety of soy milk fortified with nutrients and flavors has helped the product gain popularity in children and adults alike.
The beverages application segment held a major share of the overall revenue owing to growing consumption of soy milk as an alternative to cow milk for daily consumption or in preparation of tea and coffee. Moreover, new varieties of flavored soy milk is expected to drive the demand for beverages over the forecast period.
The unflavored product segment accounted for a significant share in the market. It is used in the preparation of a variety of snacks and dishes. The original product has a peculiar nutty taste, which most consumers do not like. Hence, many flavors are introduced in the market to increase consumption of the product. Vanilla and chocolate are the popular flavors among others, which is expected to fuel the product demand.
Asia Pacific was the largest consumer of the product in 2024 due to large scale production of soy bean in major countries like China, India, Japan, and Hong Kong. China was the major consumer in the entire world in 2024. North America is anticipated to witness substantial growth in light of increasing awareness of soy benefits and consumption of non-dairy alternatives. In Europe, many German manufacturers are engaged in utilizing the health benefits of the product to make various dairy products like cheese and butter. This is expected to drive the market owing to product offerings based on soy milk.
Soy Milk Market Report Highlights:
- The conventional segment dominated the soy milk industry with the largest revenue share of 86.9% in 2024, primarily due to its widespread availability and affordability compared to organic alternatives.
- The plain/unflavored segment dominated the industry with the largest revenue share in 2024 primarily due to its simplicity and versatility, as many individuals prefer plain soy milk as it can be easily incorporated into various recipes.
- The unsweetened segment dominated the industry with the largest revenue share in 2024.
- The supermarkets/hypermarkets segment dominated the soy milk industry with the largest revenue share in 2024, primarily due to their extensive reach and convenience in providing a wide variety of soy milk products to consumers.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Soy Milk Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis (Industry-level)
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Soy Milk Market: Product Estimates & Trend Analysis
- 5.1. Soy Milk Market, By Product: Key Takeaways
- 5.2. Product Movement Analysis & Market Share, 2024 & 2030
- 5.3. Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 5.3.1. Conventional
- 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.2. Organic
- 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Soy Milk Market: Flavor Estimates & Trend Analysis
- 6.1. Soy Milk Market, By Flavor: Key Takeaways
- 6.2. Product Movement Analysis & Market Share, 2024 & 2030
- 6.3. Market Estimates & Forecasts, By Flavor, 2018 - 2030 (USD Million)
- 6.3.1. Plain/Unflavored
- 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Flavored
- 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2.2. Vanilla
- 6.3.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2.3. Chocolate
- 6.3.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2.4. Others
- 6.3.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Soy Milk Market: Type Estimates & Trend Analysis
- 7.1. Soy Milk Market, By Type: Key Takeaways
- 7.2. Product Movement Analysis & Market Share, 2024 & 2030
- 7.3. Market Estimates & Forecasts, By Type, 2018 - 2030 (USD Million)
- 7.3.1. Unsweetened
- 7.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. Sweetened
- 7.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Soy Milk Market: Distribution Channel Estimates & Trend Analysis
- 8.1. Soy Milk Market, By Distribution Channel: Key Takeaways
- 8.2. Distribution Channel Movement Analysis & Market Share, 2024 & 2030
- 8.3. Market Estimates & Forecasts, By Distribution Channel, 2018 - 2030 (USD Million)
- 8.3.1. Supermarkets/Hypermarkets
- 8.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2. Convenience Stores
- 8.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.3. Online/E-Commerce
- 8.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.4. Others
- 8.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 9. Soy Milk Market: Regional Estimates & Trend Analysis
- 9.1. Soy Milk Market: Regional Outlook
- 9.2. Regional Marketplaces: Key Takeaways
- 9.3. Market Estimates & Forecasts, by region, 2018 - 2030 (USD Million)
- 9.3.1. North America
- 9.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.1.2. U.S.
- 9.3.1.2.1. Key country dynamics
- 9.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.1.3. Canada
- 9.3.1.3.1. Key country dynamics
- 9.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.1.4. Mexico
- 9.3.1.4.1. Key country dynamics
- 9.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2. Europe
- 9.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2.2. UK
- 9.3.2.2.1. Key country dynamics
- 9.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2.3. Germany
- 9.3.2.3.1. Key country dynamics
- 9.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2.4. France
- 9.3.2.4.1. Key country dynamics
- 9.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2.5. Italy
- 9.3.2.5.1. Key country dynamics
- 9.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2.6. Spain
- 9.3.2.6.1. Key country dynamics
- 9.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3. Asia Pacific
- 9.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3.2. China
- 9.3.3.2.1. Key country dynamics
- 9.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3.3. India
- 9.3.3.3.1. Key country dynamics
- 9.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3.4. Japan
- 9.3.3.4.1. Key country dynamics
- 9.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3.5. Australia
- 9.3.3.5.1. Key country dynamics
- 9.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.4. Latin America
- 9.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.4.2. Brazil
- 9.3.4.2.1. Key country dynamics
- 9.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.5. Middle East & Africa
- 9.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.5.2. South Africa
- 9.3.5.2.1. Key country dynamics
- 9.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.5.3. UAE
- 9.3.5.3.1. Key country dynamics
- 9.3.5.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 10. Soy Milk Market: Competitive Analysis
- 10.1. Recent Developments & Impact Analysis, by Key Market Participants
- 10.2. Company Categorization
- 10.3. Participant's Overview
- 10.4. Financial Performance
- 10.5. Product Benchmarking
- 10.6. Company Heat Map Analysis
- 10.7. Strategy Mapping
- 10.8. Company Profiles
- 10.8.1. Eden Foods
- 10.8.1.1. Company Overview
- 10.8.1.2. Financial Performance
- 10.8.1.3. Product Portfolios
- 10.8.1.4. Strategic Initiatives
- 10.8.2. Organic Valley
- 10.8.2.1. Company Overview
- 10.8.2.2. Financial Performance
- 10.8.2.3. Product Portfolios
- 10.8.2.4. Strategic Initiatives
- 10.8.3. PURE HARVEST SMART FARMS
- 10.8.3.1. Company Overview
- 10.8.3.2. Financial Performance
- 10.8.3.3. Product Portfolios
- 10.8.3.4. Strategic Initiatives
- 10.8.4. American Soy Products, Inc.
- 10.8.4.1. Company Overview
- 10.8.4.2. Financial Performance
- 10.8.4.3. Product Portfolios
- 10.8.4.4. Strategic Initiatives
- 10.8.5. Vitasoy International Holdings Ltd
- 10.8.5.1. Company Overview
- 10.8.5.2. Financial Performance
- 10.8.5.3. Product Portfolios
- 10.8.5.4. Strategic Initiatives
- 10.8.6. SunOpta.
- 10.8.6.1. Company Overview
- 10.8.6.2. Financial Performance
- 10.8.6.3. Product Portfolios
- 10.8.6.4. Strategic Initiatives
- 10.8.7. PANOS brands
- 10.8.7.1. Company Overview
- 10.8.7.2. Financial Performance
- 10.8.7.3. Product Portfolios
- 10.8.7.4. Strategic Initiatives
- 10.8.8. Sanitarium
- 10.8.8.1. Company Overview
- 10.8.8.2. Financial Performance
- 10.8.8.3. Product Portfolios
- 10.8.8.4. Strategic Initiatives
- 10.8.9. Pacific Foods
- 10.8.9.1. Company Overview
- 10.8.9.2. Financial Performance
- 10.8.9.3. Product Portfolios
- 10.8.9.4. Strategic Initiatives
- 10.8.10. Danone S.A.
- 10.8.10.1. Company Overview
- 10.8.10.2. Financial Performance
- 10.8.10.3. Product Portfolios
- 10.8.10.4. Strategic Initiatives