# The Soy Milk Market To Prove Its Servility To Technological Advancements
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-26
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Discover the Rising Demand for Plant-Based Soy Milk in
Meta Description: Soy milk gaining traction in restaurants and cafes due to increasing consumer demand. Request samples and stay ahead of competitors!
URL: https://financedigest.com/the-soy-milk-market-to-prove-its-servility-to-technological-advancementshtml

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Plant-based milks such are soy milk, almond milk, oat milk, rice milk, and others are gaining rapid traction among foodservice providers, owing to increasing consumer demand in restaurants and cafes. Soy milk products are housed in special refrigerated units, which significantly increase their shelf life as compared to traditional milk.

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Soy milk is also considered as one of the most efficient milks used for baking. The flavor offered by soy milk is mild and goes unnoticed in breads, muffins, cakes, and other baked goods. It also offers a better [structure and texture to the finished product](https://www.financedigest.com/investec-wealth-investment-launches-dedicated-structured-product-service.html "Investec Wealth & Investment Launches Dedicated Structured Product Service"). On the back of all these factors, the global soy milk [market is expected to witness](https://www.financedigest.com/the-underwear-market-to-witness-calculated-innovation.html "The Underwear Market To Witness Calculated Innovation") a remarkable value **CAGR of 9%** through **2030**.

**Key Takeaways from [Soy Milk Market](https://www.financedigest.com/the-soy-protein-market-to-integrate-inquisition-with-innovation.html "The Soy Protein Market To Integrate Inquisition With Innovation") Study**

- The soy milk [market in South Asia will exhibit a high value CAGR](https://www.financedigest.com/triple-offset-butterfly-valves-market-to-expand-at-over-4-cagr-through-2031.html "Triple Offset Butterfly Valves market to expand at over 4 % CAGR through 2031") of **10.6%** over the forecast period, owing to the ability of soy milk to replace cow milk with equal amount of protein and less calories. Increasing prevalence of various diseases is giving [rise to the need](https://www.financedigest.com/inflation-is-on-the-rise-you-need-a-bookkeeper.html "Inflation Is On The Rise, You Need A Bookkeeper") for low calorie diets, which contributes toward this high value CAGR.
- The organic segment, by nature, is [projected to register a high volume growth rate during the forecast period](https://www.financedigest.com/texturized-vegetable-protein-market-is-projected-to-expand-at-a-cagr-of-6-5-during-the-period-of-forecast-2021-2031.html "Texturized Vegetable Protein Market is Projected to Expand at a CAGR of 6.5% During the Period of Forecast, 2021-2031"), owing to increased awareness about health and wellness among consumers who demand organic food products without the presence of synthetic ingredients.
- The use of soy milk in retail / household will offer the highest value incremental opportunity during the forecast period, attributable to increased consumer preference for plant-based milk coupled with abundance of calcium in soy milk that [supports overall health](https://www.financedigest.com/supporting-your-employees-mental-health-wfh.html "Supporting Your Employees Mental Health WFH").
- Sales of soy milk through online retail [channels is expected](https://www.financedigest.com/british-pm-sunak-expected-to-shelve-plans-to-privatise-channel-4-ft.html "British PM Sunak expected to shelve plans to privatise Channel 4 -FT") to exhibit a high value CAGR of **11.2%** over the forecast period, owing to increased Internet proliferation, convenience offered to consumers, and abundance of brands available at competitive prices.
- Though the **COVID-19** pandemic has affected the soy milk market due to supply chain disruptions, the effect will be moderate, as [demand for nutritional products is rising](https://www.financedigest.com/uk-home-asking-prices-rise-tax-cuts-to-spur-demand-rightmove.html "UK home asking prices rise, tax cuts to spur demand: Rightmove") every day.

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**[Global Soy Milk Market:](https://www.financedigest.com/advancement-in-technology-foreseen-to-drive-the-global-computer-aided-engineering-market-by-2024.html "Advancement in technology foreseen to drive the Global Computer-aided Engineering Market by 2024") Competitive Landscape**

Key players in the soy milk market are focusing on expansion of product offerings to fulfill evolving consumer needs and [keep](https://www.financedigest.com/analysis-ecb-seen-struggling-to-keep-market-on-side-after-mixed-messages.html "Analysis-ECB seen struggling to keep market on side after mixed messages") up with the growth in the global soy milk market. These players are focusing on introducing new [products with increased application](https://www.financedigest.com/global-clutch-spring-wires-market-share-growth-statistics-by-application-production-revenue-forecast-up-to-2031.html "Global Clutch Spring Wires Market Share, Growth, Statistics, By Application, Production, Revenue & Forecast Up To 2031") at affordable prices.

- In **2020**, Pureharvest added a new [line of non-dairy milk to its product](https://www.financedigest.com/infinidat-announces-public-cloud-and-data-protection-product-lines.html "INFINIDAT Announces Public Cloud And Data Protection Product Lines") catalogue range, which offered organic and delicious non-dairy milk made from blends of nuts and grains, to create distinct and incredibly tasty vegan milk.
- In **2018**, Hiland [Dairy launched three new soy milk flavors](https://www.financedigest.com/the-dairy-derived-flavors-market-to-grow-based-on-instilled-innovation.html "The Dairy Derived Flavors Market To Grow Based On Instilled Innovation") that can be enjoyed on their own, and also find application in homemade ice cream, smoothies, and coffee.

Apart from this, key players in the soy milk market are emphasizing on the expansion strategy through strategic alliances/partnerships, mergers, and acquisitions to achieve [high growth and expand global](https://www.financedigest.com/kelda-technology-pushes-ahead-with-global-growth-plans-afternew-appointment.html "Kelda Technology pushes ahead with global growth plans afternew appointment") footprint in the food & beverage industry.

- In **2020**, Danone [Group partnered](https://www.financedigest.com/stroock-expands-private-funds-group-with-addition-of-partner-eric-requenez.html "Stroock Expands Private Funds Group with Addition of Partner Eric Requenez") with Brightseed, a company engaged in biosciences and precision nutrition, to ensure the development of its existing key plant-based ingredients, starting with soy.

- In **2018**, Vitasoy International Holdings Ltd opened its Australian high calcium plant milk unit in [Hong Kong](https://www.financedigest.com/screening-of-winnie-the-pooh-horror-film-cancelled-in-hong-kong.html "Screening of ‘Winnie the Pooh’ horror film cancelled in Hong Kong"), to promote healthy lifestyles and better serve its consumers in this region.

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**Read More Trending “PMR Exclusive Article”**

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