United States Soy Beverages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

United Statessoy beverage market is segmented by Product Type (Soy Milk, Soy-Based Drinkable Yogurt), by Flavor ( Flavored and Plain/Unflavored), Distribution Channel (Supermarkets/Hypermarkets, Pharmacy, Retail Stores, Convenience Stores, Online Store, and Others).

Market Snapshot

united-states-soy-beverages-market_Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 6.01 %
Largest Market: Soy Milk

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Market Overview

United States soy beverages market is projected to register a CAGR of 6.01% during the forecast period (2020-2025). 

  • The various health benefits of soy milk such as less cholesterol, heart disease reduction and the increasing number of health-conscious consumers in the country is a driving factor for the market. 
  • Furthermore, the soy beverage market in the country is driven by the people who prefer a plant-based diet or those suffering from dairy allergies, since it contains calcium and other vitamins.

Scope of the Report

United States soy beverage market is segmented by Product Type, flavor, and distribution channel. On the basis of product type, the market is segmented into Soy Milk and Soy-Based Drinkable Yogurt. On the basis of flavor, the market is segmented into Flavored and Plain/Unflavored. On the basis of distribution channel, the market is segmented into Supermarkets/Hypermarkets, Pharmacy, Retail Stores, Convenience Stores, online store, and Others.

By Product Type
Soy Milk
Soy-Based Drinkable Yogurt
By Flavor
Plain Soy Beverages
Flavored Soy Beverages
By Distribution Channel
Supermarket/hypermarkets
Convenience Stores
Pharmacies/Drug Stores
Online Stores
Others

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Key Market Trends

Increasing Demand for Lactose-Free Foods

The country is witnessing a higher percentage of lactose-intolerant consumers who are demanding lactose-free food products such as soy beverages to meet their special dietary requirements. Often, affected individuals have difficulty digesting fresh milk, thereby leading to decreased consumption of dairy products. This is because most of the dairy farm cows in the country produce milk that predominantly contains the A1 protein, thereby causing discomfort upon consumption. Thus, more lactose-intolerant individuals in the country are shifting towards dairy-free alternatives such as soy beverages to meet their dairy requirements through non-dairy sources.

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Rising Inclination Towards Soy Beverages

Companies are focusing more on developing soy foods not only to meet the increased demand for the products but due to advances in food processing technology.  These technology advances have lead to a wide range of soy foods that appeal to people across the United States. Organizations like the Soyfoods Association of North America are also promoting the consumption of soyfoods in the diet of consumers in the country while promoting its health benefits, thereby influencing consumers to purchase the products.

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Competitive Landscape

The United States soy beverages market is consolidated, owing to the number of giant players dominating the market. Some of the key players in the market are Danone and The Hain Celestial Group, Inc. Major players are embarking on market expansion and innovations in terms of online delivery as well as offering new varieties of soy beverages to achieve consolidation while optimizing their offerings respectively.

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 Supermarket/hypermarkets

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Pharmacies/Drug Stores

      4. 5.3.4 Online Stores

      5. 5.3.5 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Key Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Danone S.A.

      2. 6.4.2 KIKKOMAN SALES USA, INC.

      3. 6.4.3 Hain Celestial

      4. 6.4.4 Eden Foods

      5. 6.4.5 PACIFIC FOODS OF OREGON, LLC.

      6. 6.4.6 Stremicks Heritage Foods

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The United States Soy Beverages Market market is studied from 2016 - 2026.

The United States Soy Beverages Market is growing at a CAGR of 6.01% over the next 5 years.

The United States Soy Beverages Market is valued at Soy Milk in 2026.

Danone S.A., KIKKOMAN SALES USA, INC., Hain Celestial, Eden Foods, Stremick's Heritage Foods are the major companies operating in United States Soy Beverages Market.

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