China Soybean Milk Market

Soybean Milk is a plant-based drink made of soaked soybeans that are grinded in water to extract milk. Soybean milk is a rich source of vitamin A, protein, vitamin B, isoflavones, potassium, magnesium, fatty acids, vitamin D, calcium, and other important nutrients. It is considered as a substitute for dairy milk, which is mostly consumed by lactose intolerant individuals.

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The growing demand for plant-based products, along with the increasing lactose intolerance population, are the major factors that are driving the growth of the china soybean milk market. The other factors supporting the growth of china soybean milk market include the growing awareness regarding the health benefits of soybean milk, the rising popularity of non-dairy food & beverages, and the increasing disposable income of consumers. Additionally, the strong demand for protein-fortified food products and the increasing consumer preference towards lactose free dairy products among people will further drive the growth of the china soybean milk market.

The soybean milk offers numerous remarkable benefits such as reduces obesity, lowers the cholesterol level, and decreases the risk of certain cancers. The combination of these factors will create opportunities for soybean milk in China. In addition to this, the easy availability of a wide range of flavors such as vanilla and chocolate to enhance the taste of soybean milk among children and adults will further accelerate the market growth in the coming years. Furthermore, manufacturers are focusing on introducing various flavors and selling products in unique packaging through various distribution channels to increase their product offerings in China. On the other edge, easy availability of substitutes such as almond milk, oat milk, and coconut milk may hamper the demand of the china soybean milk market.

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Based on the Product Type, Flavored segment is expected to grow at a higher CAGR rate in the China Soybean Milk market during the forecast period owing to the changing taste and preference of the consumers. In addition to this, the increasing consumption of flavored soymilk due to the availability of a variety of flavors in the market will further energize the segment’s demand. Various key players are introducing a wide range of flavors with attractive packaging to attract consumers, which will increase the demand for the flavored segment in upcoming years.

Based on the Application, beverages segment is anticipated to dominate the China soybean milk market due to the growing demand for plant-based products and the increasing consumer preference for the dairy substitutes for direct consumption or with tea and coffee. In addition to this, soy milk provides various health benefits such as lowers the cholesterol level, reduces the risk of cancer and is a rich source of protein, which will further increase the consumption of soybean milk beverages. Desserts are expected to witness a higher CAGR in the China Soybean Milk market due to the increasing consumption of non-dairy dessert food among people.

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Various notable players operating in the market include Danone S.A., Organic Valley, Kikkoman Pearl Soy Milk, WhiteWave Foods, Vitasoy International Holdings, Sanitarium, and Yili Group, among others.

The China Soybean Milk market has been segmented on the basis of product type and application. Based on product type, the market is segmented into Flavored and Unflavored. Based on the application, the market is segmented into Desserts, Cheese & Snacks and Beverages.

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Key questions answered in this research report:

• • At what pace is China Soybean Milk market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in China Soybean Milk market? What will be the impact of drivers and restraints in the future?
  • Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the various application areas of China Soybean Milk market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

China Soybean Milk Market by Product Type

• • Flavored
  • Unflavored

China Soybean Milk Market by Application

• • Desserts
  • Cheese & Snacks
  • Beverages

China Soybean Milk Leading Market Players (Option: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Danone S.A.
  • Organic Valley
  • Kikkoman Pearl Soy Milk
  • WhiteWave Foods
  • Vitasoy International Holdings
  • Sanitarium
  • Yili Group