Japan Soy Beverages Market Size, and Industry Report [2031]
Japan Soy Beverages Market Size, and Industry Report [2031]
Segments - Japan Soy Beverages Market by Product Types (Soy Milk and Soy-based Drinkable Yogurt), Flavors (Plain Soy Beverages and Flavored Soy Beverages), Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-3332
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| 199 Pages
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Report Description
Japan Soy Beverages Market Outlook
The Japan Soy Beverages Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4.5% during 2023–2031. The growth of the market is attributed to the growing demand for lactose-free food products.
Soy beverage, such as soy protein, is a plant-based beverage made by washing and crushing soybean, then heating and straining the mixture. Soy milk is used as a dairy milk alternative by vegans and lactose-intolerant population as it has a similar flavor and consistency as compared to dairy milk and is a good source of low-fat and cholesterol-free milk.
Soy-based goods, notably carbs, proteins, and omega-3 fatty acids, are considered nutritious and cholesterol-free. Vitamin A, vitamin D, vitamin B, and magnesium are abundant in soy. Soy milk is used in vegan and vegetarian food items and as a substitute for cow's milk in numerous recipes in japan.
Market Trends, Drivers, Restraints, and Opportunities
- The nutritional content of food is becoming increasingly important to consumers, which is expected to drive market growth.
- Rising number of lactose intolerant and health conscious customer is propelling the market expansion.
- The presence of alternative dairy-free beverages such as almond milk can create challenges for the market.
- Soy crop genetic modification affects a large number of people can hamper market growth.
- Expanding adoption of soy-beverages as dietary supplement can create various opportunities for the Japan soy beverages market.
Scope of Japan Soy Beverages Market Report
The report on the Japan soy beverages market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Soy Beverages Market - Japan Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product Types (Soy Milk and Soy-based Drinkable Yogurt), Flavors (Plain Soy Beverages and Flavored Soy Beverages), and Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Others) |
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Country |
Japan |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Lam Soon Group; Otsuka Pharmaceutical Co., Ltd.; Kikkoman Corporation; MARUSAN-AI Co., Ltd; and The Hain Celestial Group |
Japan Soy Beverages Market Segment Insights
Soy milk segment is expected to grow at a rapid pace
Based on product types, the market is divided into soy milk and soy-based drinkable yogurt. The soy milk segment is expected to grow at a rapid pace during the forecast period due to adoption of animal milk alternative beverages.
Moreover, soy milk is becoming increasingly preferable as it’s cholesterol-free and contains less saturated fat than cow's milk. Furthermore, the widespread availability of soy-milk in a variety of flavors, including chocolate and vanilla has boosted the soy-milk market in Japan in coming years.
Flavored soy beverages segment is projected to expand at a considerable CAGR
On the basis of flavors, the market is segregated into plain soy beverages and flavored soy beverages. The flavored soy beverages segment is projected to expand at a considerable CAGR during the forecast period due to soy's cholesterol-free, omega-3-rich, and protein content. Moreover, the preference for flavored beverages among GenZ and millennials is estimated to spur the market growth.
Supermarkets/hypermarkets segment is anticipated to account for a significant market share
In terms of distribution channels, the market is segregated into supermarkets/hypermarkets, convenience stores, online retail stores, and others. The supermarkets/hypermarkets segment is estimated to account for a significant market share during the forecast period as supermarkets and hypermarkets provide consumers more competitive prices compared with traditional stores.
Furthermore, these stores have adequate refrigeration capabilities to keep products fresh for longer period of time without losing their properties. Soymilk comes in a variety of flavors in addition to its original flavor, as well as numerous fortifications, and supermarkets and hypermarkets allow ample shelf space for the items to be displayed.
Segments
The japan soy beverages market has been segmented on the basis of
Product Types
- Soy Milk
- Soy-based Drinkable Yogurt
Flavors
- Plain Soy Beverages
- Flavored Soy Beverages
Distribution Channels
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail Stores
- Others
Country
-
Japan
Key Players
- Lam Soon Group
- Otsuka Pharmaceutical Co., Ltd.
- Kikkoman Corporation
- MARUSAN-AI Co., Ltd
- The Hain Celestial Group
Competitive Landscape
Key players competing in the japan soy beverages market are Lam Soon Group; Otsuka Pharmaceutical Co., Ltd.; Kikkoman Corporation; MARUSAN-AI Co., Ltd; and The Hain Celestial Group
Companies are engaging in partnerships with supermarkets and hypermarkets to expand their market share. Moreover, they’re focusing on improving their brand awareness in the country.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Soy Beverages Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Soy Beverages Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soy Beverages Market - Supply Chain
4.5. Global Soy Beverages Market Forecast
4.5.1. Soy Beverages Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soy Beverages Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Soy Beverages Market Absolute $ Opportunity
5. Global Soy Beverages Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Soy Beverages Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Soy Beverages Demand Share Forecast, 2019-2026
6. North America Soy Beverages Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Soy Beverages Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Soy Beverages Demand Share Forecast, 2019-2026
7. Latin America Soy Beverages Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Soy Beverages Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Soy Beverages Demand Share Forecast, 2019-2026
8. Europe Soy Beverages Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Soy Beverages Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Soy Beverages Demand Share Forecast, 2019-2026
9. Asia Pacific Soy Beverages Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Soy Beverages Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Soy Beverages Demand Share Forecast, 2019-2026
10. Middle East & Africa Soy Beverages Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Soy Beverages Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Soy Beverages Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Soy Beverages Market: Market Share Analysis
11.2. Soy Beverages Distributors and Customers
11.3. Soy Beverages Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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