North America Soy Beverages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

North America soy beverage market is segmented by Product Type (Soy Milk and Yogurt Smoothies), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retailers, Drug Store, and Others), and Geography.

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North America Soy Beverages Industry Overview

North America Soy Beverage Market Forecast
Study Period: 2018 - 2028
Largest Market: North America
CAGR: 6.14 %
Largest Market by Country: United States

Major Players

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*Disclaimer: Major Players sorted in no particular order
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North America Soy Beverages Market Analysis

North America soy beverage market is expected to record CAGR of 6.14% during the forecast period.

  • The popularity of soy beverages can be attributed to their increased availability and scientific facts that prove health benefits associated with soy; these include lowering of blood cholesterol and reduction of risk of cancers.
  • The growing demand for thirst-quenching products, health and hygiene concerns, multiple market distribution channels and social acceptance of soy are expected to help the market grow at a good pace.

 

North America Soy Beverages Industry Segments

North America soy beverage market is segmented by product type such as soy milk and yogurt smoothies. On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retailers, drug store, and others. Also, the study provides an analysis of the soy beverages in the emerging and established markets across the region, including United States, Mexico, Canada, and rest of the North America.

By Product Type
Soy Milk
Soy-Based Drinkable Yogurt
By Flavor
Plain Soy Beverages
Flavored Soy Beverages
By Distribution Channel
Supermarkets/Hypermarkets
Pharmacies/Drug Stores
Retail Stores
Convenience Stores
Others
Geography
North America
United States
Canada
Mexico
Rest of North America

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North America Soy Beverages Market Trends

This section covers the major market trends shaping the North America Soy Beverages Market according to our research experts:

Growing Consumption of Processed Foods and Beverages

The demand for processed foods, such as ready-to-eat, ready-to-cook, canned foods and bottled beverages, among others, is very high in the North America, with the increasing adoption rate of advanced food processing technologies. The rapidly-changing consumer lifestyle is the primary factor driving the processed food market. The demand for convenience foods has grown among working women population. The rising emphasis on healthy snacks and beverages, increase in disposable incomes, ever-growing population and demand for better quality are some other major factors affecting the soy beverage market.

North America Soy Beverage Market Share

United States Holds the Major Share in Soy Beverage Market

North America is a fast-growing market, with the United States holds the largest market share in soy beverage market. The US has the highest projected growth rate, followed by Canada and Mexico. The popularity of soy beverages in North America can be attributed to their increased availability and scientific facts that prove health benefits associated with soy; these include lowering of blood cholesterol and reduction of risk of cancers. Soybean-based food, apart from being complete source of protein, also contains other important nutrients, such as fiber, B vitamins and Omega3 fatty acids.

North America Soy Beverage Market Growth

North America Soy Beverages Market Competitor Analysis

Some of the major key players in soy beverage market, in North America are Danone Kikkoman Pearl Soy Milk, Hain Celestial, ZenSoy, Trader Joe's, and Vitasoy, among others. The players are coming up with various innovations in their product in order to capture the potential market of vegan concept.

North America Soy Beverages Market Top Players

  1. Danone

  2. Kikkoman Pearl Soy Milk

  3. Hain Celestial

  4. Hershey’s

  5. Trader Joe's

*Disclaimer: Major Players sorted in no particular order

Danone, Kikkoman Pearl Soy Milk, Hain Celestial, Hershey’s, Trader Joe's

North America Soy Beverages Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Soy Milk

      2. 5.1.2 Soy-Based Drinkable Yogurt

    2. 5.2 By Flavor

      1. 5.2.1 Plain Soy Beverages

      2. 5.2.2 Flavored Soy Beverages

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarkets/Hypermarkets

      2. 5.3.2 Pharmacies/Drug Stores

      3. 5.3.3 Retail Stores

      4. 5.3.4 Convenience Stores

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Danone

      2. 6.4.2 Organic Valley

      3. 6.4.3 Kikkoman Pearl Soy Milk

      4. 6.4.4 The Hain Celestial Group

      5. 6.4.5 Eden Foods

      6. 6.4.6 ZenSoy

      7. 6.4.7 Trader Joe's

      8. 6.4.8 Jaffe Bros. Natural Foods

      9. 6.4.9 Stremicks Heritage Foods

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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North America Soy Beverages Market Research FAQs

The North America Soy Beverages Market is studied from 2018 - 2028.

The North America Soy Beverages Market is growing at a CAGR of 6.14% over the next 5 years.

The North America Soy Beverages Market is valued at United States in 2028.

North America holds highest share in 2021.

Danone, Kikkoman Pearl Soy Milk, Hain Celestial, Hershey’s, Trader Joe's are the major companies operating in North America Soy Beverages Market.

North America Soy Beverages Industry Reports

In-depth industry statistics and market share insights of the North America Soy Beverages sector for 2020, 2021, and 2022. The North America Soy Beverages research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the North America Soy Beverages report PDF.

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