North America Soy Beverages Market

North America Soy Beverages Market Growth and Forecast (2023 - 2028):

North America Soy Beverages Market was worth USD 2.01 billion in 2022 and estimated to be growing at a CAGR of 5.6%, to reach USD 2.64 billion by 2028.

Market Overview:

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 North America Soy Beverages market is driven by factors including 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.

North America Soy Beverages Market Segmentation Analysis:

The North 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.

Region Analysis:

Geographically the North America Soy Beverages Market is segmented into US, Canada, Mexico and Rest of North America. The North American region holds the major stake in the aggregate income of Global Soy Beverages market in 2018 because of noteworthy growth in consumption, brought about by established distribution channels.

Key Players in the Market:

Major Key Players in the North America Soy Beverages Market are

• Silk
• Organic Valley
• Kikkoman Pearl Soy Milk
• West Soy
• Eden Foods
• Zen Soy
• Trader Joe’s
• Jaffe Bros
• Natural Foods
• Devansoy