Leading Soy Milk Application Markets Databank
The Soy Milk market was valued at $7,350.0 Million in 2020, and is projected to reach $19,634.4 Million by 2029 growing at a CAGR of 11.58% from 2021 to 2029. Beverages segment is expected to be the highest contributor to this market, with $3,292.7 Million in 2020, and is anticipated to reach $8,757.1 Million by 2029, registering a CAGR of 11.53%. Cheese and Snacks segment is anticipated to reach $3,686.5 Million by 2029 with the highest CAGR of 11.66%. Beverages and Desserts segments collectively expected to account for about 81.3% share of the Soy Milk market in 2020, with the former constituting around 44.8% share. Cheese and Snacks and Desserts segments are expected to witness significant growth rates at a CAGR of 11.66% and 11.61% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 55.2% in the overall Soy Milk market in 2020, and is anticipated to reach 55.4% by 2029.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook