Soy Market Research Reports & Industry Analysis
Soy Industry Research & Market Reports
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Plant-Based Dairy in the Czech Republic
... in the household; however, the worsening economic situation of 2022 boosted the trend. The ingredients to make some plant-based milks are cheaper than the product, leading customers to make their own at home. Some retail ... Read More
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Plant-Based Dairy in Dominican Republic
... are largely driven by younger consumers, which consider plant-based products to be healthier and less damaging to the environment. Plant-based UHT milk dominate sales and local company Induveca also offers plant-based milk in powder format, ... Read More
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Plant-Based Dairy in South Africa
... remains by far the biggest category, thanks its wide availability across supermarkets. However, South African consumers are also just starting to explore plant-based dairy options beyond milk, with plant-based yoghurt and cheese gaining traction in ... Read More
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Plant-Based Dairy in Spain
... reasonable margins. Additionally, producers have been able to maintain prices due to their relatively high profit margins. Even though plant-based dairy products are generally more expensive than their standard dairy counterparts, inflation has had a ... Read More
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Plant-Based Dairy in Hungary
... they are not fully committing to vegetarian or vegan diets. Globally, this trend is being driven by rising consumer health consciousness, growing awareness of the environmental impact of livestock farming, and concerns about animal welfare. ... Read More
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Plant-Based Dairy in Vietnam
... significantly contributed to the increase in retail and foodservice volume sales of plant-based products. In 2023, plant-based dairy, with only plant-based milk recording significant sales, is expected to experience slower growth overall in retail volume ... Read More
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Plant-Based Dairy in New Zealand
... household budgets are limited. This has been no different for plant-based dairy, with brands from these players seeing double-digit current value growth in plant-based milk, which is set to continue in 2023. Plant-based milk can ... Read More
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Plant-Based Dairy in Poland
... wide selection. Similarly, once hard to find, plant-based yoghurts and vegan cheese substitutes are easily accessible. Euromonitor International's Plant-based Dairy in Poland report offers in-depth knowledge of the market at a national level, providing local ... Read More
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Plant-Based Dairy in Latvia
... declining due to economic uncertainty in the country. Consuming fewer animal-based products is increasingly believed to enrich diets, improve health and decrease environmental footprint; however, economic uncertainty and lower purchasing power is pushing consumers towards ... Read More
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Plant-Based Dairy in Bosnia and Herzegovina
... There is a growing appetite for dairy alternatives and plant-based products, aided by the health and wellness trend, which is bringing more consumers into the category. In response to rising demand, category players are regularly ... Read More
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Plant-Based Dairy in Saudi Arabia
... interest in plant-based alternatives that is being supported globally by rising concerns about the environment and animal welfare issues, as well as the health and wellness trend. Increasingly health conscious consumers are becoming concerned about ... Read More
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Plant-Based Dairy in the United Arab Emirates
... an increasing preference for plant-based foods. Hence, plant-based dairy has strong potential to take off, because these products are often higher in vitamins and protein, and lower in saturated fat and carbohydrate, and are less ... Read More
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Plant-Based Dairy in Israel
... could not eat dairy. However, there has also been a continual rise in veganism in the country, with a rising number of consumers who prefer not to eat products that come from animals. Many consumers ... Read More
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Plant-Based Dairy in Malaysia
... is increasingly present on menus in foodservice establishments, such as specialist coffee shops like Starbucks, Zus Coffee and The Coffee Bean & Tea Leaf, and selected bubble tea shops like Tealive. Hence, “other” plant-based options, ... Read More
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Plant-Based Dairy in France
... a low base. Plant-based dairy enjoyed significant growth earlier in the review period, driven by novelty and regular new product launches. Whilst innovation continues, there has been a notable slowdown as consumers are making more ... Read More
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Plant-Based Dairy in Australia
... recent development, the growth of oat milk has also been outpacing other plant-based milks, such as almond or soy. Oat milk is on track to be the most sold plant-based alternative milk in cafés around ... Read More
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Plant-Based Dairy in Greece
... products with lactose. As seen with vegan cheese, plant-based milk can be consumed as an alternative during Lent. Euromonitor International's Plant-based Dairy in Greece report offers in-depth knowledge of the market at a national level, ... Read More
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Plant-Based Dairy in Estonia
... largely driven by younger consumers, who consider plant-based products to be healthier and less damaging to the environment. Other plant-based milks such as almond, rice, and coconut are expected to see higher volume growth than ... Read More
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Plant-Based Dairy in China
... and Vitasoy, due to rising costs of soybeans and labour, rather than any real increase in demand. However, volume sales of soy drinks in the foodservice sector saw an improved performance, following the ending of ... Read More
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Plant-Based Dairy in Hong Kong, China
... with this trend set to be maintained in 2023. Soy drinks have been popular in Hong Kong for many years, with Vitasoy set to maintain its lead in the category with over a 70% share ... Read More
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Plant-Based Dairy in Singapore
... in foodservice settings, leading to increased consumer awareness and acceptance of these products. Many cafés offer a variety of other plant-based milks, such as almond, oat, and coconut milk, as drink modifiers. These plant-based milks ... Read More
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Plant-Based Dairy in Thailand
... are allergic or intolerant to cow’s milk. Such factors are expected to maintain over the forecast period, in both retail and foodservice channels, as plant-based options gradually cannibalise sales of traditional cow’s milk. Euromonitor International's ... Read More
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Plant-Based Dairy in Japan
... retail value terms in plant-based dairy. Over the review period, soy drinks saw continuous growth, driven by the increasing health and wellness trend amongst consumers. Soybeans have been a staple in the Japanese diet for ... Read More
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Plant-Based Dairy in Colombia
... strong price barrier to overcome. Plant-based dairy has also benefited from low milk production in 2023 and the subsequent price inflation caused by shortages. Consumers have started to compare unit prices and perceive plant-based dairy ... Read More
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Plant-Based Dairy in Austria
... animal welfare, the environment and health. Plant-based cheese records the most dynamic performance within plant-based dairy; however, growth stems from a very low sales base. New product launches within plant-based cheese are aiding sales, appealing ... Read More
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