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New Generation’s’ Inclination toward Vegan Diet to Shape the Future of the Soy Milk Market

World 02.04.2024
Source: The DairyNews
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Soy Milk Market was projected to reach US$ 6,877.40 million in 2024 and to reach a valuation of US$ 12,860.8 million at 8.70% CAGR during 2024 to 2034, Future Market Insights, Inc. reported.
New Generation’s’ Inclination toward Vegan Diet to Shape the Future of the Soy Milk Market
Demand in the United States is also increasing due to the growing lactose intolerance trends in the country. The presence of multinational companies in the country has also facilitated the availability of soy milk products in leading supermarkets and online platforms.

With lactose intolerance in the general populace hitting an all-time high, plant-based alternatives to milk and milk products are garnering tremendous admiration, pushing the overall Soy milk market valuation to a staggering US$ 6,877.4 million by 2024. To respond to this demand, brands in the market are also formulating novel flavors and variants on a regular basis.

Vegan dietary preferences among the younger population, especially in countries where eCommerce and brick-and-mortar stores are well-established are also aiding to Soy milk market’s potential to progress at an outstanding CAGR of 8.70% through 2034. This market trend is generally observed in countries like India, China, Brazil, South Korea, etc.

“There are still a lot of concerns regarding the nutritional content of soy milk-based products. Negative notions about soy milk causing hormonal imbalance in the male population have also affected the adoption. Brands in the market must create effective strategies to ward off these myths and misconceptions in the general population,” says Nandini Roy Choudhury, client Partner for Food and Beverages at Future Market Insights, Inc.
C.S. Hagen
C.S. Hagen
award-winning journalist, The Vault
From 1932 until 1940, the milk wars stretched across the Great Plains and beyond, claiming lives and leaving a path of destruction as dairy workers and farmers struggled to survive.
Anay Mridul
Anay Mridul
Green Queen's resident news reporter. Originally from India, he worked as a vegan food writer and editor in London, and is now travelling and reporting from across Asia.
The US Department of Agriculture has just updated its supplemental food as medicine programme for women and children, providing access to more produce and plant-based dairy products to nearly seven million low-income Americans.
April 2024
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