The China Soy Beverages Market size is estimated at USD 1.7 billion in 2024, and is expected to reach USD 2.19 billion by 2029, growing at a CAGR of 5.07% during the forecast period (2024-2029).
The market for soy beverages is highly consolidated, with several major players adopting various strategies to increase their market share. To expand their geographical reach and customer base, key players are focusing on mergers and acquisitions. Additionally, product innovation is a popular strategy adopted by companies operating in the market, along with expansions, to increase their visibility and portfolio of offerings. The introduction of new soy beverages is providing significant growth opportunities for this market. The major players in this market include Danone SA, Kikkoman Pearl Soy Milk, The Hain Celestial Group, Dali Foods, and Vitasoy International Holdings Ltd, among others. Both domestic and international players are dominating China's soy beverages market, leading to an increase in competition.
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