Market Size of Africa Soy Beverages Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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African Soy Beverages Market Analysis
The African soy beverages market is projected to register a CAGR of 6.2% during the forecast period (2020-2025).
- The market for soy beverages witnessed a surge within the region, because of the increased availability of soy and the scientific facts that prove its many health benefits, including lowering blood cholesterol and reducing the risk of certain cancers. Additionally, soy beverages are consumed as a replacement of other healthy drinks, because of their nutritional content.
- The growing prevalence of lactose intolerance in the region, along with supportive government initiatives, has resulted in the growth of the local production.
