Global Soy Milk Market to Reach $16.2 Billion by 2030
The global market for Soy Milk estimated at US$10.5 Billion in the year 2023, is expected to reach US$16.2 Billion by 2030, growing at a CAGR of 6.5% over the period 2023-2030. Flavored Soy Milk, one of the segments analyzed in the report, is expected to record 6.9% CAGR and reach US$9.4 Billion by the end of the analysis period. Growth in the Plain Soy Milk segment is estimated at 5.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 10.4% CAGR
The Soy Milk market in the U.S. is estimated at US$2.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
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