Global Soy Milk and Cream Market 2016-2020
About Soy Milk and Cream
Soy milk is a plant-based dairy milk alternative, which is produced by soaking soybeans and grinding them in water. Soy milk is believed to have originated in China. Soy milk was first introduced in the US by Vitasoy in 1969. The taste of soy milk differs significantly from that of cow's milk. Soy milk is an excellent source of calcium, magnesium, vitamin A, vitamin B, and vitamin D.
Technavio’s analysts forecast the global soy milk and cream market to grow at a CAGR of 14.94% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global soy milk and cream market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of soy milk and cream products to individual consumers.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Soy Milk and Cream Market 2016-2020
Technavio recognizes the following companies as the key players in the global soy milk and cream market: Eden Foods, Organic Valley, Pure Harvest, and WhiteWave Foods
Other prominent vendors in the market are: American Soy Products, Dean Foods, Hain Celestial, Pacific Natural Foods, Panos Brands, Sanitarium, Stremicks Heritage Foods, SunOpta, and Vitasoy International Holdings.
Commenting on the report, an analyst from Technavio’s team said: “The vegan diet strongly favors animal rights, and vegan consumers do not consume and use any animal product such as eggs, dairy products, honey, leather, fur, silk, wool, cosmetics, and soaps derived from animal products. This can positively affect the market as vegan consumers would be on the lookout for more plant-based milk and cream alternatives. People are adopting vegan diets as a result of ethical concern toward animal and for a better environment.”
According to the report, soy has a number of health benefits associated with it, and the increasing awareness about its health benefits among consumers is helping the market to grow. Soy comprises 30% carbohydrate, 38% protein, 18% oil, and 14% moisture. It contains all nine essential amino acids in the ideal ratio for human health and wellbeing. Soy protein isolates tend to contain less cholesterol than animal proteins.
Further, the report states that the demand for almond milk is increasing because it is a good source of unsaturated fats and is primarily derived from natural almond oils. In addition, almond milk is rich in protein and omega fatty acids. The consumption of almond milk is rising as it has zero cholesterols and saturated fats. Also, it has a high level of calcium, potassium, magnesium, and zinc with antioxidants vitamin A and vitamin E. Key health benefits driving the almond milk market are that almond milk helps in improving vision, strengthening bones, maintaining cardiovascular health, building strong muscles, and controlling blood pressure. Furthermore, it is predominantly used as a substitute to breast milk as it contains minerals and vitamins that are also present in breast milk.
Eden Foods, Organic Valley, Pure Harvest, and WhiteWave Foods, American Soy Products, Dean Foods, Hain Celestial, Pacific Natural Foods, Panos Brands, Sanitarium, Stremicks Heritage Foods, SunOpta, Vitasoy International Holdings.
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