Market Research Future (Food and Beverages) Soy Milk Market | Page 4

Organic Chips Market Research Report- Forecast till 2023
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On the basis of type, the market is segmented into sweetened and unsweetened. Among which sweetened
soymilk holds a major share owing to high demand for flavored beverages.
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On the basis of flavor, the market is segmented into vanilla, chocolate, and others. Vanilla flavor is
dominating the market owing to high demand for conventional and natural flavors
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Soymilk market is also segmented on the basis of its application where the product is used as an ingredient
in food products like desserts, non-dairy cheese, snacks and other healthy beverages. Among these, healthy
beverages hold a major share based on rising awareness of health consciousness.
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On the basis of distribution, it is categorized into store and non-store based distribution channel. Owning to
one-stop shopping experience, the share of store based channels is projected to dominate the segment
Regional Analysis:
The global soymilk market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW).
Among all, North America accounts for a significant share of global soymilk market followed by Asia Pacific. A large
population of lactose intolerant consumers in these regions is propelling the growth of soymilk market. Moreover, the
rising population of health-conscious people followed by awareness of lactose intolerance add fuel to the growth of
the global soymilk market.
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