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Europe Soy Beverages Market By Product (Yogurt and Soy Milk), By Type (Flavored and Unflavored), By Distribution Channel (Supermarket/Hypermarket, Retail Stores, Online Stores and Others) - By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) – Size, Share, Trends, Growth, Forecast (2022-2027)

Published: January, 2022
ID: 3563
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Soy Beverages Market Growth and Forecast (2022-2027):

The Europe Soy Beverages Market was valued at US$ 1.59 billion in 2022 and is predicted to grow at US$ 2.07 billion by 2027 with an increasing CAGR of 5.4% during 2022-2027.

Europe Soy Beverages Market Scenario:

Soy beverages, such as soy milk, contain the same amount of protein as milk. They have fewer calories, however than whole milk. In addition, millions of animals rely on soy-based products for their nourishment. Also, persons with dietary or allergy concerns are more likely to drink soy beverages, which is driving the soy beverage market. As a result, these goods are becoming increasingly popular among health-conscious consumers. Soy-based goods, particularly carbs, protein, and omega-3 fatty acids, are considered nutrient-dense and cholesterol-free. Soy protein is not a complete protein source, but it does contain vital elements like B vitamins, fiber, and omega three fatty acids. All of these nutrients are essential for a baby's growth and the growth of the fetus in pregnant women, as well as providing a wide range of health advantages for both children and adults.

Recent Developments in Europe Soy Beverages Industry:

  • On January 21st, Asahi Soft Drinks Co., a Japanese beverage company, introduced a new version of its renowned Calpis sweet lactic drink produced from fermented soybeans in April. The product was unveiled at the Asahi Group Holdings Ltd. unit's business strategy conference held in the year 2020.
  • The Hain Celestial Group, Inc., Lake Success, NY, has sold the Dream and WestSoy brands to SunOpta Inc. for $33 million.

Europe Soy Beverages Market Drivers and Restraints:

Several factors are predicted to boost the Europe soy beverage market. The expanding number of lactose intolerant people is one of the major causes pushing the development of soy beverages. Soy drinks are popular due to greater soy availability and scientific evidence demonstrating several of soy's health benefits. Lowering blood cholesterol and the risk of some types of cancer are two of them. In recent years, the availability of soymilk beverages in supermarkets in both emerging and developing countries has expanded dramatically. Furthermore, when compared to almond cashew drinks, soy drinks are a more affordable option for consumers.

Soy drinks are popular due to greater soy availability and scientific evidence demonstrating several of soy's health benefits. Because of their nutritious value, soy drinks are also used to replace harmful beverages. It has the benefit of lowering blood cholesterol and decreasing the incidence of some cancers. Furthermore, the soy beverage market is always changing as people all over the world seek out new and exciting flavors in their beverages. Increased appeal among a wide spectrum of customers, including the freedom to embrace a more plant-based diet, has fueled the rise of the Europe soy beverage market.

Increased consumer adoption of protein, energy, and other nutrient-rich healthy beverages is also influencing the soy beverage sector. During the projected period, demand for soy beverage markets across the Europe will rise as customer desire for dairy meals and beverages grows.  In wealthy countries, soy beverage consumption is extremely high. However, demand for products in developing and emerging countries remains low due to a lack of consumer awareness. Soy drinks are popular due to greater soy availability and scientific evidence demonstrating several of soy's health benefits. Lowering blood cholesterol and the risk of some types of cancer are two of them.

All of these nutrients are essential for a baby's growth and the growth of the fetus in pregnant women, as well as providing a wide range of health advantages for both children and adults. Because of their nutritious value, soy drinks are also used to replace harmful beverages. During the projected period, this is expected to significantly lead the soymilk beverage market. In addition, as demand for soy beverages grows, producers are focusing on innovating their goods in order to gain market dominance. To assure uniformity, quality, and high standards in the finished product, IP soy is rapidly being employed in the processed soy milk and tofu sectors in this area. To improve the taste of soy milk, many soy production companies employ procedures such as "taste control." This is predicted to have a significant impact on the region's soy beverage sector. It's a wonderful source of protein for vegetarians because it's a nutritious alternative to meat and other animal products. As health consciousness increases in both developing and developed countries, the Europe soy beverage industry is rising.

This market's expansion has been limited by the negative impacts of soy and soy derivatives. According to studies, the inclusion of some substances in soy drinks raises severe issues, limiting market expansion. Processed soy products are preferred over foods high in homemade protein. The health benefits are predicted to influence the growth of the soy beverage market, therefore adoption of soy milk is expected to be relatively high.

Europe Soy Beverages Market Segmentation Analysis:

By Product:

  • Yogurt
  • Soy Milk

Soymilk and yogurt are the two most popular products on the market. However, soy milk is becoming increasingly popular because it is cholesterol-free and contains less saturated fat than cow's milk. As the popularity of substitute animal milk products grows worldwide, the soymilk industry is likely to take a large portion of the market. Furthermore, the vegan population's increased use of soy milk is expected to boost growth in the soymilk market during the forecast period. It will also lead the soymilk portion of the soy beverage market by making soy milk available in a range of tastes, including fresh chocolate, vanilla, and others.

By Type:

  • Flavored
  • Unflavored

Flavored soy beverages are predicted to rise rapidly, thanks to their popularity among millennials and other younger generations. Vanilla, fruit tastes, chocolate flavors, and other flavors are popular among children and the younger generation. Furthermore, flavors effectively hide the natural soy flavor, which is otherwise disliked by a wide spectrum of consumers due to its off notes.

By Distribution Channel:

  • Supermarket/Hypermarket
  • Retail Stores
  • Online Stores
  • Others

Due to bundling techniques, appealing prices, a dedicated distinguishing aisle, regional penetration amidst urbanization, and a vast variety of products within a single category, supermarkets and hypermarkets are predicted to grow rapidly.

Regional Analysis:

The Europe Soy Beverages Market Report includes the segmentation of countries:

  • U.K    
  • Germany
  • France
  • Russia
  • Spain

Europe is likely to observe tremendous development because of the rising popularity of vegan and flexitarian diets in the region. Consumer demand for healthy, plant-based beverages is increasing as the importance of plant-based products grows. Soy drinks are projected to grow in popularity as the need for functional beverages rises. To meet the increased demand for soy beverages, the industry's main competitors are releasing new products. For example, in February 2018, Coca-Cola European partners debuted soy-based Adez smoothies in the United Kingdom.

Impact of COVID-19 on Europe Soy Beverages Market:

Lockdowns around the world in 2020 and further limitations in 2021 disrupted the supply chain, providing hurdles to manufacturers in the Soy Beverage Market. Moreover, Vendor profit margins are anticipated to continue to be squeezed by price challenges, fierce competition, and altering consumer preferences. Therefore, owing to these factors the Europe soy beverages market tends to face a severe difficulties.

Key Players listed in the Europe Soy Beverages Market:

The companies covered in the report:

  • Hain Celestial Group, Inc.
  • Danone S.A
  • Otsuka Pharmaceutical Co., Ltd.
  • Kikkoman Corp
  • Trader Joe’s
  • West Soy
  • Eden Foods
  • Zen Soy
  • Jaffe Bros
  • Vitasoy International Holdings Ltd

 

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