Category: Soy
Soy market research reports by Euromonitor International
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Plant-Based Dairy in the Netherlands
Plant-Based Dairy in the Netherlands Plant-based dairy in the Netherlands is recording strong volume sales growth in 2023, following on from the previous two years of decline. However, growth is perhaps not as rapid as it could be, thanks to a marked escalation in average unit prices of plant-based ... Read More
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Plant-Based Dairy in Turkey
Plant-Based Dairy in Turkey Overall, plant-based dairy is projected to see a second consecutive year of double-digit retail volume growth in 2023. Growth is being driven by the escalating demand for non-dairy alternatives from vegans/vegetarians and other consumers embracing healthier eating habits ... Read More
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Plant-Based Dairy in Kenya
Plant-Based Dairy in Kenya Plant-based dairy remains niche in Kenya. While some sales have been registered in recent years, it has yet to enter the mainstream and most local consumers are yet to embrace these products in any meaningful way. One major barrier to success is that plant-based dairy prod ... Read More
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Plant-Based Dairy in Norway
Plant-Based Dairy in Norway In terms of retail volume sales, plant-based milk continued to fall in Norway in 2023, though at a much slower rate than in 2022; further, its decline was not as deep as that of its traditional dairy counterpart. Key drivers of plant-based milk’s downturn include a decrea ... Read More
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Plant-Based Dairy in Switzerland
Plant-Based Dairy in Switzerland Plant-based dairy sales continued to post strong growth in Switzerland in 2023. Despite this positive performance, growth was relatively modest compared to the record growth during the COVID-19 pandemic. Euromonitor International's Plant-based Dairy in Switzerland re ... Read More
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Plant-Based Dairy in Slovenia
Plant-Based Dairy in Slovenia Plant-based dairy is growing in both volume and value sales. An increased number of vegans in the population and growing numbers of people who suffer from allergies or food intolerance are forcing consumers towards dairy-free diets. This in turn is fuelling growth of pl ... Read More
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Plant-Based Dairy in Uruguay
Plant-Based Dairy in Uruguay Plant-based dairy is still underdeveloped in Uruguay with brand and products focused mainly in plant-based milk. However, consumers are becoming more aware about healthier and sustainable options, with new local producers emerging as well as multinationals. During the fi ... Read More
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Plant-Based Dairy in Sweden
Plant-Based Dairy in Sweden Plant-based dairy product selections have been expanded, as new trendy launches and focused marketing efforts boost sales. The cooking and eating-at-home trend is being met with new launches aligning with this rising trend, especially within plant-based cheese. In additio ... Read More
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Plant-Based Dairy in Slovakia
Plant-Based Dairy in Slovakia Plant-based dairy products continued to gain popularity in Slovakia in 2023, although the rate of growth in retail volume terms was much slower than that seen during the first half of the review period. Demand is being driven by a growing number of people following flex ... Read More
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Plant-Based Dairy in Lithuania
Plant-Based Dairy in Lithuania Plant-based dairy recorded a positive sales performance towards the end of the review period, although growth rates during 2022 and 2023 were considerably slower than what was registered earlier in the review period. While demand for plant-based alternatives to traditi ... Read More
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Plant-Based Dairy in Taiwan
Plant-Based Dairy in Taiwan In the first half of 2022, due to the surge in confirmed cases and a high number of people under home quarantine, there was a significant increase in demand for large-sized soy milk products and plant-based milk products that can be stored at room temperature. Euromonitor ... Read More
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Plant-Based Dairy in Romania
Plant-Based Dairy in Romania Plant-based dairy is the winner in 2023, enjoying healthy volume growth and strong value sales alike. This positive dynamic is supported by the fact that plant-based dairy in Romania is growing from a relatively small base. While plant-based dairy has been available in t ... Read More
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Plant-Based Dairy in Ecuador
Plant-Based Dairy in Ecuador Plant-based milk has experienced significant growth in recent years in Ecuador. This growth has been driven by various factors, including an increasing awareness of the health benefits of plant-based diets, environmental concerns, and changing consumer preferences. With ... Read More
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Plant-Based Dairy in the Philippines
Plant-Based Dairy in the Philippines Soy drinks remained the only significant subcategory within plant-based dairy in 2023. Retail volume sales of soy drinks declined sharply during the COVID-19 pandemic in 2020 and 2021, due to decreased incidence of impulse purchases through convenience stores. In ... Read More
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Plant-Based Dairy in Cameroon
Plant-Based Dairy in Cameroon There is currently a limited appetite for plant-based products, including yoghurt, in Cameroon; the market is very niche and growth is slow. Traditional dairy products dominate the market, and plant-based alternatives have yet to gain significant traction among consumer ... Read More
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Plant-Based Dairy in Germany
Plant-Based Dairy in Germany Plant-based dairy has made significant progress in Germany, gradually evolving and expanding to cover various categories within a market with a very strong tradition of consuming dairy products of animal origin. While dairy consumption is deeply ingrained in German cultu ... Read More
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Plant-Based Dairy in the United Kingdom
Plant-Based Dairy in the United Kingdom Plant-based dairy is marginally benefiting from the severe pressures that are impacting the local dairy industry. As Brexit continues to hinder stability and the ongoing war in Ukraine impacts supply chains, high production costs of dairy farming have helped t ... Read More
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Plant-Based Dairy in Egypt
Plant-Based Dairy in Egypt Plant-based dairy is witnessing a decline in retail volumes in 2023, while there is a substantial increase in current retail value terms, price increases of more than 70%. These increases are due to the high inflation in Egypt and the increased cost of raw materials, inclu ... Read More
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Plant-Based Dairy in Finland
Plant-Based Dairy in Finland While plant-based dairy performed well, especially plant-based milk and barista options, not all products are set to post positive retail volume growth. Plant-based yoghurt is struggling as the competition is fierce from standard yoghurt, puddings, dairy desserts, and qu ... Read More
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Plant-Based Dairy in Morocco
Plant-Based Dairy in Morocco Plant-based dairy products are still in their nascent stages of development within the Moroccan market. The introduction of soya-based drinks marked the initial foray into this category. Copralim and Food Group Trading led the way with Sojasun and Bjorg soya drink brands ... Read More
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Plant-Based Dairy in Guatemala
Plant-Based Dairy in Guatemala Overall, value sales for plant-based dairy are low, dominated by soy drinks and other plant-based milk. That being said, plant-based dairy is expected to register the highest volume growth among all dairy and alternatives in 2023. Value sales are largely driven by youn ... Read More
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Plant-Based Dairy in Italy
Plant-Based Dairy in Italy Plant-based dairy is projected to see further strong retail volume and current value growth in 2023. While almost all product areas are set to record positive growth, “other” plant-based milk is expected to see the fastest increments (ongoing double-digit rises in retail v ... Read More
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Plant-Based Dairy in Indonesia
Plant-Based Dairy in Indonesia Soy drinks is the best-known and most popular plant-based dairy sub-category in Indonesia, followed by mung bean milk. Soy drinks have a long history in Indonesia and are enjoyed by many consumers. Their positioning is not so much as a milk alternative but simply as an ... Read More
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Plant-Based Dairy in Costa Rica
Plant-Based Dairy in Costa Rica The awareness and benefits of a plant-based diet continues to grow among higher income consumers and more and more shelf space is being allocated to plant-based dairy. Plant-based milk is the most popular and is entering the mainstream. However, as yet, plant-based ch ... Read More
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Plant-Based Dairy in Nigeria
Plant-Based Dairy in Nigeria In 2023, plant-based dairy in Nigeria experiences a reduction in volume, continuing the trend from the substantial decline observed in 2022. Persistent inflationary conditions in 2023 influence both consumer affordability and unit pricing. Despite showing considerable gr ... Read More
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