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Soy Milk Market Size
- Report ID: GMI1388
- Published Date: Aug 2023
- Report Format: PDF
Soy Milk Market Size
Soy Milk Market size was valued at USD 6.6 billion in 2023 and is estimated to expand at a CAGR of 8.3% between 2024 and 2032. Increasing consumer awareness about health and wellness has driven the demand for plant-based and dairy-free alternatives. Soy milk is often perceived as a healthier option compared to dairy milk due to its lower saturated fat content and potential benefits for those who are lactose intolerant or have dairy allergies.
The growing adoption of vegetarian and vegan diets has contributed significantly to the demand for soy milk. Plant-based diets are gaining popularity for ethical, environmental, and health reasons, and soy milk is a staple in these diets.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Soy Milk Market Size in 2023: | USD 6.6 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.3% |
| 2032 Value Projection: | USD 13.6 Billion |
| Historical Data for: | 2018 to 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 191 |
| Segments covered: | Type, Application, Distribution Channel, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The plant-based market has expanded significantly, with alternatives such as almond milk, oat milk, and coconut milk gaining popularity. While soy milk is a suitable option for many people with dairy allergies, it can be problematic for individuals with soy allergies. Some consumers find the taste and texture of soy milk less appealing compared to other plant-based alternatives or dairy milk.
Frequently Asked Questions (FAQ) :
Soy Milk Market Scope
