Soymilk Market Progresses for Huge Profits during 2020- 2027Posted by Pranita on December 2nd, 2020 Soy milk is a plant-based non-dairy beverage, usually consumed as an alternative to milk. It is processed from soybeans, and many brands enrich their soy milk with vitamins and minerals such as vitamin D and calcium. Soy milk offers culinary variety, creamy feel, and a healthful nutritional profile, including vital omega-3 fatty acids and flavonoids that have antioxidant, anti-inflammatory, and cardioprotective properties. Soy milk is increasing in popularity with the people who do not like the taste of milk. Soy milk is also preferred as an option for cow milk for its health and weight loss properties. Many people across the globe are lactose intolerant, which means that they have trouble digesting a sugar called lactose, which is the carbohydrate found in cow’s milk, thus using soy milk as a replacement can boost the global soy milk market. When soy milk was first introduced, it was looked like a stand-in rather than a substitute for other food. In the era of wars, soy milk was given to soldiers when other allotted food like meat and milk were unobtainable. It was never the first choice but the last resort and because of this mentality it failed to get traction in the market and not many people were keen on purchasing it. However, when Henry Ford began his version of promoting the plant, wherein he used it as a more technologically efficient milk alternative, which would be more hygienic, simpler, and would exclude middlemen, soy milk was seen not as a stand-in, but as a more improved and advanced substitute of dairy. Moreover, traditional milk experienced various adulteration and contained harmful pathogens that caused tuberculosis and listeria and soy milk was promoted as a safer and healthier substitute. Thus, the soymilk market gained its market position and with global awareness, the soymilk market is anticipated to rise in the upcoming future. The report is a one-stop way to classify and compare the market segments and its attracting factors based on the CAGR and market share index across or beyond North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report also provides detailed segmentation, categorized by the form, category, type, end-user, distribution channel, and region in the scope of the study. The same has been covered in the region-wise share analysis of the soy milk market. The report centres on several key trends impacting the growth of the soymilk market. Some of the trends include the focus on health, fitness, etc. Moreover, the study identifies the bargaining power of suppliers, bargaining power of buyers, the threat from new entrants, threat from substitutes, and the degree of competition in the global soymilk market has been included in the report. The COVID-19 pandemic is expected to have a great impression on the global market. The rising knowledge regarding health and fitness at homes will encourage opportunities for the market. The elevated demand for soymilk has led to the deficiency of such products. The mounting demand for manufacturers to raise their production capacities in this crisis will further benefit the market. The increasing assumptions and concerns about the spread of the virus will boost the demand for soymilk. Moreover, the long-term effect of the virus will simultaneously activate cautiousness among people, which, in turn, will anticipate well for the market. About Us Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings. Based on a unique amalgamation of our big data technology and human intelligence, our services are dedicated to serve the businesses operating in the consumer goods and industrial machinery sectors. Our offerings comprise syndicated research, strategic consulting & advisory services, competitive intelligence, and full-time engagement to bring true & actionable insights into our clients’ business environment. Combining research & technology adoption, playing the perfect mix of the best data, and centred on consumer goods & industrial machinery sectors, Industry Probe believes in targeting one industry at a time. Contact Us 1441 Broadway, 6th Floor – # 6131 New York, NY 10018 Email: sales@industryprobe.com Website: https://www.industryprobe.com/ Like it? Share it! More by this author |