China Soy Beverages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

China Soy Beverages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Chinese soy beverages market is projected to record a CAGR of 5.6% during the forecast period (2020-2025).

Key Highlights

• Higher consumption of soy beverages can be attributed to its increased availability and the scientific facts that prove the many health benefits of soy, like lowering blood cholesterol and reduction of the risk of certain cancers.
• Soy-based products is a thriving segment of the food and beverage industry as it is gradually becoming a significant part of the Chinese diet who wants to adopt plant-based foods.

Key Market TrendsIncreasing Demand for Plant-based Products

The growing awareness about the vegan lifestyle and animal product allergies is driving the demand of the plant-based product in the country. Considering that most plant proteins are used in the form of nutritional and dietary supplements, such high levels of obesity are bound to create favorable opportunities for the soy protein market in China.

China is one of the nations, which beliefs in traditional and alternative medicines and these are dependent on herbal and plant ingredients. Thus, the existing interest is well-suited to the entry of new and innovative plant-based products such that soya.

Health and Wellness Trend Driving the Market Growth

Soy beverage is gaining popularity among the individuals, especially athletes who are involved in physical fitness activity. Millineal population drives the market as they are showing a keen interest in sports, inclination toward fitness, more buying capacity and willing to purchase healthy products. The shift in consumer trend is also encouraging the soy beverage manufacturers to evolve new products which meet the consumer interest. The growing inclination of people toward physical fitness and the number of health clubs and fitness centers have come up in the recent past. The growth of these establishments is one of the propelling drivers for the soy beverage market during the forecast period.

Competitive Landscape

Some of the major players, which are adopting several strategies to increase their market share. The introduction of new soy beverages provides a huge platform for the development of this growing market. Some of the major players in the market studied are Danone SA, Kikkoman Pearl Soy Milk, The Hain Celestial Group, Dali Foods, Vitasoy International Holdings Ltd, and others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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