The size of the Asia Pacific soy beverages market is expected to be worth USD 5.64 billion in 2024 and grow at a CAGR of 8.40% from 2024 to 2029 to achieve USD 8.44 billion by 2029.
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.
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 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.
Major key players 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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