Asia Pacific Soy Beverages Market was worth USD 1.01 billion in 2022 and estimated to be growing at a CAGR of 6.1%, to reach USD 1.35 billion by 2028.
Soybean-based foods, apart from being a whole source of protein, also comprise other important nutrients, such as fiber, B vitamins and Omega3 fatty acids. All these nutrients play an imperative role in the growth of infants, fetal growth in pregnant women, and provide various other benefits for children and adults alike.
Soy beverages are used up because of the increased availability of soy, and the scientific truths that prove the many health benefits of the beans; including lowering blood cholesterol and reducing the risk of certain cancers. Additionally, soy beverages are disbursed as a replacement for lesser-healthy drinks because of their nutrition.
Drivers and Restraints:
The growth of the Asia Pacific Soy Beverages Market is mainly driven by the rising health consciousness, as an alternative to meat and other animal products, in the developing and developed regions of the world. However, recent studies on the harmful effects of soy and its derivatives are hindering the growth of the market.
Asia Pacific Soy Beverages Market Segmentation Analysis:
The Asia Pacific Soy Beverages market is segmented on the basis of product type and by region. On the basis of product type, the market is distributed among soy milk and yogurt smoothies. Based on Distribution Channel, the market is segmented into Supermarket/hypermarket, Retail stores, online stores and others.
The Asia Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific is predicted to grow with the highest CAGR during the forecast period. Factors such as growing consumption coupled with the rapid growth in distribution channels are anticipated to lead the growth of the market in this region.
Key Players in the Market:
Major key players in the Asia Pacific Soy Beverages Market are
The major players operating in the Asia Pacific Soy Beverages Market include Silk, Organic Valley, Kikkoman Pearl Soy Milk. West Soy, Eden Foods, Zen Soy, Trader Joe’s, Jaffe Bros. Natural Foods and Devansoy.
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