Soya Milk Market by Applications, by Type, by End-User, by Deployment & by Technology 2032
Soya Milk Market was valued at USD 9.5 Billion in 2022 and is projected to reach USD 15.2 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
From 2023 to 2033, the soya milk market outlook is expected to continue its upward trajectory, but at a slightly different pace. Forecasts suggest a steady growth rate, driven by evolving consumer preferences, but the market may also face increasing competition from other plant-based beverages such as almond milk, oat milk, and rice milk. Despite this, soya milk is anticipated to maintain a strong market presence due to its affordability and widespread availability. Additionally, manufacturers are expected to continue innovating with new flavors, fortified options, and more sustainable production processes, which will likely increase consumer appeal.
The market’s expansion in the next decade will also be shaped by the increasing availability of soya milk in emerging economies. Countries in Asia and Latin America are projected to contribute significantly to the global demand, as plant-based beverages gain popularity among middle-class consumers. Furthermore, environmental concerns regarding the dairy industry, such as greenhouse gas emissions and water usage, are expected to fuel the preference for plant-based alternatives, including soya milk.
Moreover, as the soya milk market continues to mature, advancements in product quality will likely attract a broader range of consumers. Innovations such as improved taste, texture, and nutritional profiles could influence consumer choices, making soya milk a preferred choice in various markets worldwide. On the retail side, the increasing presence of soya milk in supermarkets, health food stores, and online platforms will make it even more accessible to consumers, thereby boosting demand.
Get an In-Depth Research Analysis of the Global Soya Milk Market Size And Forecast [2025-2032]
The soya milk market has experienced significant growth from 2018 to 2022, driven by increasing demand for plant-based alternatives to dairy milk. During this period, the demand for soya milk surged, primarily due to rising health awareness, lactose intolerance, and an increasing vegan population. With the adoption of plant-based diets and a growing preference for dairy-free options, consumers sought out soya milk for its nutritional benefits, including high protein content and essential vitamins. As the global market for plant-based beverages expanded, soya milk became a prominent player, accounting for a significant share in the non-dairy milk category.
Who are the largest Global manufacturers in the Soya Milk industry?
- Kikkoman
- MARUSAN
- Dr. Chung’s Food Co.
- Ltd.
- Sahmyook Foods
- Maeil
- Unifood International (S) Pte Ltd
- Fraser and Neave
- Limited
- Lactasoy co.th
- Vitamilk
- Vitasoy
- YOM HO
- Fujian Dali Group
- White Jade
- V V Group
- WhiteWave Silk
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Soya Milk Market Size And Forecast [2025-2032]
What are the factors driving the growth of the Global Soya Milk Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Soya Milk Market
- Adolescents
- Adults
- Elderly
What are the types of Soya Milk available in the Market?
Based on Types the Market is categorized into Below types that held the largest Soya Milk market share In 2023.
- Conventional
- Organic
Which regions are leading the Global Soya Milk Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Soya Milk Market Research Analysis
Detailed TOC of Global Soya Milk Market Research Report, 2024-2032
1. Introduction of the Global Soya Milk Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Soya Milk Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Soya Milk Market, By Type
6. Global Soya Milk Market, By Application
7. Global Soya Milk Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Soya Milk Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768