Market Overview:
The global soy milk powder market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about the health benefits of soy milk, increasing demand for plant-based proteins, and growing vegan population. Soy milk powder is made by grinding dried soybeans into a fine powder. It has a nutty flavor and is high in protein, fiber, and vitamins A and B12. It can be used as a substitute for cow’s milk or other dairy products in various applications such as infant formula, kids’ food, adult beverages, and dietary supplements. The global soy milk powder market is segmented on the basis of type (GMOs vs no-GMOs), application (infant formula vs kids food vs adults food vs elder care), and region (North America vs Latin America vs Europe vs Asia Pacific & MEA). The GMO segment is expected to account for the majority share of the global soy milk powder market in 2018 owing to higher adoption rates compared to no-GMO products.
Product Definition:
Soy milk powder is a dry, powdered form of soy milk that can be reconstituted with water to create a beverage resembling cow's milk. Soy milk powder is made by grinding dried soybeans into a flour and then mixing the flour with water. It has a shelf life of about two years and is often used in food manufacturing as an ingredient in products such as vegan cheese, ice cream, and baked goods. Soy milk powder is also high in protein and contains many essential vitamins and minerals.
GMOs:
Genetically Modified Organisms (GMO) is a type of food product produced with the help of genetic engineering, which involves the transfer of genes from one species to another. Genetically modified crops have been widely adopted in developed countries like U.S., Canada, and Germany on account of high levels of safety assurance and technological advancements in termsof enhanced productivity traits.
no-GMOs:
Soy milk powder is a non-GMO product, which means it does not contain Genetically Modified Organisms (GMOs) or any kind of genetically modified content. It has been certified by the USDA and the State Agriculture & Food Departments of many countries. The main reason for its popularity is that it's a good source of protein and contains all eight amino acids, making it essential for health.
It also lowers cholesterol levels, controls blood pressure.
Application Insights:
The kids application segment led the market and accounted for more than 35% of the global revenue share in 2017. The product is widely used in kid's breakfast cereals, smoothies, protein bars, ice cream and cakes. It can also be used as a substitute for dairy milk in recipes that require non-dairy alternatives.
Soy products are considered to be healthy alternatives to dairy products as they are rich sources of proteins and other nutrients such as vitamins B6 & B12 and calcium among others. Moreover, growing awareness regarding health benefits associated with soy products is expected to drive their demand over the forecast period. Growing consumer preference towards low-fat food items coupled with rising concerns regarding cholesterol levels are expected to fuel demand from adults applications over the forecast period thus driving industry growth over the next eight years for Soy Milk Powder Market at a CAGR of XX%.
Regional Analysis:
North America was the largest market for soymilk powder in 2017. The region is expected to maintain its dominance over the forecast period owing to growing consumer awareness regarding health and fitness, coupled with a rise in vegan population. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing consumption of nutritional beverages among kids and adults, along with rising disposable income levels. Furthermore, new product launches are anticipated to further fuel demand for soy milk powder over the forecast period.
Europe accounted for more than 25% of total revenue share in 2017 owing both primarily as well as secondary growth through no-GMO products across Europe countries such as Germany, U.K.
Growth Factors:
- Increasing demand for plant-based milk alternatives: The global market for plant-based milk is projected to grow at a CAGR of more than 14% from 2019 to 2025, according to a MarketsandMarkets research study. This growth can be attributed to the increasing awareness about the health benefits of plant-based milk and the rising number of vegan/vegetarian consumers. Soy milk powder is one of the most popular plant-based milks and is therefore expected to benefit from this trend.
- Growing demand for healthy foods: There has been a growing trend towards healthier eating habits in recent years, with consumers increasingly looking for foods that are low in fat, cholesterol, and sugar but high in protein and other nutrients. Soy milk powder is an excellent source of protein as well as other nutrients such as calcium, magnesium, potassium, zinc etc., making it an attractive choice for health conscious consumers.
- Rising disposable incomes: A key driver of soy milk powder consumption is rising disposable incomes around the world which allows people to afford premium products such as soy milk powder over regular dairy Milk Powder . In addition, increasing urbanization leads to larger populations living in cities where there is greater access to supermarkets and other retail outlets that sell soy milk powder products..
Scope Of The Report
Report Attributes
Report Details
Report Title
Soy Milk Powder Market Research Report
By Type
GMOs, no-GMOs
By Application
Infant, Kids, Adults, Elder
By Companies
NOW Foods, Unisoy, Similac, Enfamil, PANOS, Wyeth, Weiwei Group, Karicare, Wakodo, Blackcow
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Soy Milk Powder Market Report Segments:
The global Soy Milk Powder market is segmented on the basis of:
Types
GMOs, no-GMOs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Infant, Kids, Adults, Elder
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NOW Foods
- Unisoy
- Similac
- Enfamil
- PANOS
- Wyeth
- Weiwei Group
- Karicare
- Wakodo
- Blackcow
Highlights of The Soy Milk Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- GMOs
- no-GMOs
- By Application:
- Infant
- Kids
- Adults
- Elder
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Soy Milk Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Soy milk powder is a type of soy protein concentrate that is used as a food additive in many foods and beverages. Soy milk powder can be found in products such as cereal, yogurt, ice cream, and baking mixes.
Some of the major players in the soy milk powder market are NOW Foods, Unisoy, Similac, Enfamil, PANOS, Wyeth, Weiwei Group, Karicare, Wakodo, Blackcow.
The soy milk powder market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soy Milk Powder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Soy Milk Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soy Milk Powder Market - Supply Chain
4.5. Global Soy Milk Powder Market Forecast
4.5.1. Soy Milk Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soy Milk Powder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Soy Milk Powder Market Absolute $ Opportunity
5. Global Soy Milk Powder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Soy Milk Powder Market Size and Volume Forecast by Type
5.3.1. GMOs
5.3.2. no-GMOs
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Soy Milk Powder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Soy Milk Powder Market Size and Volume Forecast by Application
6.3.1. Infant
6.3.2. Kids
6.3.3. Adults
6.3.4. Elder
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Soy Milk Powder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Soy Milk Powder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Soy Milk Powder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Soy Milk Powder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Soy Milk Powder Demand Share Forecast, 2019-2026
9. North America Soy Milk Powder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Soy Milk Powder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Soy Milk Powder Market Size and Volume Forecast by Application
9.4.1. Infant
9.4.2. Kids
9.4.3. Adults
9.4.4. Elder
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Soy Milk Powder Market Size and Volume Forecast by Type
9.7.1. GMOs
9.7.2. no-GMOs
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Soy Milk Powder Demand Share Forecast, 2019-2026
10. Latin America Soy Milk Powder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Soy Milk Powder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Soy Milk Powder Market Size and Volume Forecast by Application
10.4.1. Infant
10.4.2. Kids
10.4.3. Adults
10.4.4. Elder
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Soy Milk Powder Market Size and Volume Forecast by Type
10.7.1. GMOs
10.7.2. no-GMOs
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Soy Milk Powder Demand Share Forecast, 2019-2026
11. Europe Soy Milk Powder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Soy Milk Powder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Soy Milk Powder Market Size and Volume Forecast by Application
11.4.1. Infant
11.4.2. Kids
11.4.3. Adults
11.4.4. Elder
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Soy Milk Powder Market Size and Volume Forecast by Type
11.7.1. GMOs
11.7.2. no-GMOs
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potenial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Soy Milk Powder Demand Share, 2019-2026
12. Asia Pacific Soy Milk Powder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Soy Milk Powder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Soy Milk Powder Market Size and Volume Forecast by Application
12.4.1. Infant
12.4.2. Kids
12.4.3. Adults
12.4.4. Elder
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Soy Milk Powder Market Size and Volume Forecast by Type
12.7.1. GMOs
12.7.2. no-GMOs
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Soy Milk Powder Demand Share, 2019-2026
13. Middle East & Africa Soy Milk Powder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Soy Milk Powder Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Soy Milk Powder Market Size and Volume Forecast by Application
13.4.1. Infant
13.4.2. Kids
13.4.3. Adults
13.4.4. Elder
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Soy Milk Powder Market Size and Volume Forecast by Type
13.7.1. GMOs
13.7.2. no-GMOs
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Soy Milk Powder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Soy Milk Powder Market: Market Share Analysis
14.2. Soy Milk Powder Distributors and Customers
14.3. Soy Milk Powder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NOW Foods
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Unisoy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Similac
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Enfamil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PANOS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wyeth
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Weiwei Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Karicare
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wakodo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Blackcow
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
