Market Size of Asia Pacific Soy Beverages Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Soy Beverages Market Analysis
The Asia-Pacific soy beverage market is projected to grow at a CAGR of 5.9% during the forecast period.
- The shift away from traditional dairy products, such as cow milk, toward plant-based
alternatives revolve around health concerns, with an increasing number of consumers coming to believe that plant-based foods are healthier than animal-based foods. - Furthermore, there is a growing consumer base that is motivated by animal welfare concerns, leading them to choose plant-based beverages, as well as other plant-based foods over animal-based products.
- The various health benefits of soy milk such as less cholesterol, heart disease reduction and the increasing number of health-conscious consumers are also factors driving the market.
