Market Size of Brazil Soy Beverages Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.23 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Brazil Soy Beverage Market Analysis
Brazil Soy Beverages Market is projected to grow at a CAGR of 4.23% during the forecast period 2020-2025.
- Growing vegan population and an increasing number of people with lactose intolerance are the key factors driving the demand for soy milk as milk alternatives. Private label brands have played a pivotal role in the product development of the product, facilitated by the globally evolving retail landscape.
- Moreover, there has been an increasing demand for plant protein nutrients among consumers. The growing awareness about the health benefits has led to the increasing growth of the market studied.