Latin America Soy Beverages Market was worth USD 0.95 billion in 2022 and estimated to be growing at a CAGR of 4.1%, to reach USD 1.16 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.
The Latin America Soy Beverages market is 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.
The Latin America 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
Geographically the Latin America Soy Beverages Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The huge rise in spending in the Soy Beverages market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.
Key Players in the Market:
Major Key Players in the Latin America Soy Beverages Market are
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