

The global market for Soy Based Milk Substitutes was valued at US$ 4832 million in the year 2024 and is projected to reach a revised size of US$ 7473 million by 2031, growing at a CAGR of 6.5% during the forecast period.
Soy milk is a popular plant-based milk alternative.
The increase in cases of lactose intolerance and milk allergies, growing investments in plant-based milk market, an increasing vegan and vegetarian population, and nutritional benefits of plant-based milk and the increasing adoption of Dairy-Free Milk Substitute in developing countries will drive growth in global market.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Soy Based Milk Substitutes, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Soy Based Milk Substitutes.
The Soy Based Milk Substitutes market size, estimations, and forecasts are provided in terms of sales volume (K Ton) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Soy Based Milk Substitutes market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Soy Based Milk Substitutes manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
Ripple Foods
Danone
VV Group
Dali Group
Noumi
Kikkoman Corporation
Vitasoy
Yili
Marusan-Ai
Nutrisoya Foods
Segment by Type
Soy Milk Powder
Liquid Soy Milk
Segment by Application
Beverages
Desserts
Bakery
Others
Consumption by Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East and Africa
Turkey
Saudi Arabia
UAE
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Soy Based Milk Substitutes manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Soy Based Milk Substitutes in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report. 
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1 Soy Based Milk Substitutes Âé¶¹Ô´´ Overview
1.1 Product Definition
1.2 Soy Based Milk Substitutes by Type
1.2.1 Global Soy Based Milk Substitutes Âé¶¹Ô´´ Value Comparison by Type (2024 VS 2031)
1.2.2 Soy Milk Powder
1.2.3 Liquid Soy Milk
1.3 Soy Based Milk Substitutes by Application
1.3.1 Global Soy Based Milk Substitutes Âé¶¹Ô´´ Value by Application (2024 VS 2031)
1.3.2 Beverages
1.3.3 Desserts
1.3.4 Bakery
1.3.5 Others
1.4 Global Soy Based Milk Substitutes Âé¶¹Ô´´ Size Estimates and Forecasts
1.4.1 Global Soy Based Milk Substitutes Revenue 2020-2031
1.4.2 Global Soy Based Milk Substitutes Sales 2020-2031
1.4.3 Global Soy Based Milk Substitutes Âé¶¹Ô´´ Average Price (2020-2031)
1.5 Assumptions and Limitations
2 Soy Based Milk Substitutes Âé¶¹Ô´´ Competition by Manufacturers
2.1 Global Soy Based Milk Substitutes Sales Âé¶¹Ô´´ Share by Manufacturers (2020-2025)
2.2 Global Soy Based Milk Substitutes Revenue Âé¶¹Ô´´ Share by Manufacturers (2020-2025)
2.3 Global Soy Based Milk Substitutes Average Price by Manufacturers (2020-2025)
2.4 Global Key Players of Soy Based Milk Substitutes, Industry Ranking, 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Soy Based Milk Substitutes, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Soy Based Milk Substitutes, Product Type & Application
2.7 Global Key Manufacturers of Soy Based Milk Substitutes, Date of Enter into This Industry
2.8 Global Soy Based Milk Substitutes Âé¶¹Ô´´ Competitive Situation and Trends
2.8.1 Global Soy Based Milk Substitutes Âé¶¹Ô´´ Concentration Rate
2.8.2 The Global 5 and 10 Largest Soy Based Milk Substitutes Players Âé¶¹Ô´´ Share by Revenue
2.8.3 Global Soy Based Milk Substitutes Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.9 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Global Soy Based Milk Substitutes Âé¶¹Ô´´ Scenario by Region
3.1 Global Soy Based Milk Substitutes Âé¶¹Ô´´ Size by Region: 2020 Versus 2024 Versus 2031
3.2 Global Soy Based Milk Substitutes Sales by Region: 2020-2031
3.2.1 Global Soy Based Milk Substitutes Sales by Region: 2020-2025
3.2.2 Global Soy Based Milk Substitutes Sales by Region: 2026-2031
3.3 Global Soy Based Milk Substitutes Revenue by Region: 2020-2031
3.3.1 Global Soy Based Milk Substitutes Revenue by Region: 2020-2025
3.3.2 Global Soy Based Milk Substitutes Revenue by Region: 2026-2031
3.4 North America Soy Based Milk Substitutes Âé¶¹Ô´´ Facts & Figures by Country
3.4.1 North America Soy Based Milk Substitutes Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.4.2 North America Soy Based Milk Substitutes Sales by Country (2020-2031)
3.4.3 North America Soy Based Milk Substitutes Revenue by Country (2020-2031)
3.4.4 United States
3.4.5 Canada
3.5 Europe Soy Based Milk Substitutes Âé¶¹Ô´´ Facts & Figures by Country
3.5.1 Europe Soy Based Milk Substitutes Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.5.2 Europe Soy Based Milk Substitutes Sales by Country (2020-2031)
3.5.3 Europe Soy Based Milk Substitutes Revenue by Country (2020-2031)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Soy Based Milk Substitutes Âé¶¹Ô´´ Facts & Figures by Region
3.6.1 Asia Pacific Soy Based Milk Substitutes Âé¶¹Ô´´ Size by Region: 2020 VS 2024 VS 2031
3.6.2 Asia Pacific Soy Based Milk Substitutes Sales by Region (2020-2031)
3.6.3 Asia Pacific Soy Based Milk Substitutes Revenue by Region (2020-2031)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.7 Latin America Soy Based Milk Substitutes Âé¶¹Ô´´ Facts & Figures by Country
3.7.1 Latin America Soy Based Milk Substitutes Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.7.2 Latin America Soy Based Milk Substitutes Sales by Country (2020-2031)
3.7.3 Latin America Soy Based Milk Substitutes Revenue by Country (2020-2031)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Soy Based Milk Substitutes Âé¶¹Ô´´ Facts & Figures by Country
3.8.1 Middle East and Africa Soy Based Milk Substitutes Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.8.2 Middle East and Africa Soy Based Milk Substitutes Sales by Country (2020-2031)
3.8.3 Middle East and Africa Soy Based Milk Substitutes Revenue by Country (2020-2031)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Soy Based Milk Substitutes Sales by Type (2020-2031)
4.1.1 Global Soy Based Milk Substitutes Sales by Type (2020-2025)
4.1.2 Global Soy Based Milk Substitutes Sales by Type (2026-2031)
4.1.3 Global Soy Based Milk Substitutes Sales Âé¶¹Ô´´ Share by Type (2020-2031)
4.2 Global Soy Based Milk Substitutes Revenue by Type (2020-2031)
4.2.1 Global Soy Based Milk Substitutes Revenue by Type (2020-2025)
4.2.2 Global Soy Based Milk Substitutes Revenue by Type (2026-2031)
4.2.3 Global Soy Based Milk Substitutes Revenue Âé¶¹Ô´´ Share by Type (2020-2031)
4.3 Global Soy Based Milk Substitutes Price by Type (2020-2031)
5 Segment by Application
5.1 Global Soy Based Milk Substitutes Sales by Application (2020-2031)
5.1.1 Global Soy Based Milk Substitutes Sales by Application (2020-2025)
5.1.2 Global Soy Based Milk Substitutes Sales by Application (2026-2031)
5.1.3 Global Soy Based Milk Substitutes Sales Âé¶¹Ô´´ Share by Application (2020-2031)
5.2 Global Soy Based Milk Substitutes Revenue by Application (2020-2031)
5.2.1 Global Soy Based Milk Substitutes Revenue by Application (2020-2025)
5.2.2 Global Soy Based Milk Substitutes Revenue by Application (2026-2031)
5.2.3 Global Soy Based Milk Substitutes Revenue Âé¶¹Ô´´ Share by Application (2020-2031)
5.3 Global Soy Based Milk Substitutes Price by Application (2020-2031)
6 Key Companies Profiled
6.1 Ripple Foods
6.1.1 Ripple Foods Company Information
6.1.2 Ripple Foods Description and Business Overview
6.1.3 Ripple Foods Soy Based Milk Substitutes Sales, Revenue and Gross Margin (2020-2025)
6.1.4 Ripple Foods Soy Based Milk Substitutes Product Portfolio
6.1.5 Ripple Foods Recent Developments/Updates
6.2 Danone
6.2.1 Danone Company Information
6.2.2 Danone Description and Business Overview
6.2.3 Danone Soy Based Milk Substitutes Sales, Revenue and Gross Margin (2020-2025)
6.2.4 Danone Soy Based Milk Substitutes Product Portfolio
6.2.5 Danone Recent Developments/Updates
6.3 VV Group
6.3.1 VV Group Company Information
6.3.2 VV Group Description and Business Overview
6.3.3 VV Group Soy Based Milk Substitutes Sales, Revenue and Gross Margin (2020-2025)
6.3.4 VV Group Soy Based Milk Substitutes Product Portfolio
6.3.5 VV Group Recent Developments/Updates
6.4 Dali Group
6.4.1 Dali Group Company Information
6.4.2 Dali Group Description and Business Overview
6.4.3 Dali Group Soy Based Milk Substitutes Sales, Revenue and Gross Margin (2020-2025)
6.4.4 Dali Group Soy Based Milk Substitutes Product Portfolio
6.4.5 Dali Group Recent Developments/Updates
6.5 Noumi
6.5.1 Noumi Company Information
6.5.2 Noumi Description and Business Overview
6.5.3 Noumi Soy Based Milk Substitutes Sales, Revenue and Gross Margin (2020-2025)
6.5.4 Noumi Soy Based Milk Substitutes Product Portfolio
6.5.5 Noumi Recent Developments/Updates
6.6 Kikkoman Corporation
6.6.1 Kikkoman Corporation Company Information
6.6.2 Kikkoman Corporation Description and Business Overview
6.6.3 Kikkoman Corporation Soy Based Milk Substitutes Sales, Revenue and Gross Margin (2020-2025)
6.6.4 Kikkoman Corporation Soy Based Milk Substitutes Product Portfolio
6.6.5 Kikkoman Corporation Recent Developments/Updates
6.7 Vitasoy
6.7.1 Vitasoy Company Information
6.7.2 Vitasoy Description and Business Overview
6.7.3 Vitasoy Soy Based Milk Substitutes Sales, Revenue and Gross Margin (2020-2025)
6.7.4 Vitasoy Soy Based Milk Substitutes Product Portfolio
6.7.5 Vitasoy Recent Developments/Updates
6.8 Yili
6.8.1 Yili Company Information
6.8.2 Yili Description and Business Overview
6.8.3 Yili Soy Based Milk Substitutes Sales, Revenue and Gross Margin (2020-2025)
6.8.4 Yili Soy Based Milk Substitutes Product Portfolio
6.8.5 Yili Recent Developments/Updates
6.9 Marusan-Ai
6.9.1 Marusan-Ai Company Information
6.9.2 Marusan-Ai Description and Business Overview
6.9.3 Marusan-Ai Soy Based Milk Substitutes Sales, Revenue and Gross Margin (2020-2025)
6.9.4 Marusan-Ai Soy Based Milk Substitutes Product Portfolio
6.9.5 Marusan-Ai Recent Developments/Updates
6.10 Nutrisoya Foods
6.10.1 Nutrisoya Foods Company Information
6.10.2 Nutrisoya Foods Description and Business Overview
6.10.3 Nutrisoya Foods Soy Based Milk Substitutes Sales, Revenue and Gross Margin (2020-2025)
6.10.4 Nutrisoya Foods Soy Based Milk Substitutes Product Portfolio
6.10.5 Nutrisoya Foods Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Soy Based Milk Substitutes Industry Chain Analysis
7.2 Soy Based Milk Substitutes Raw Material Supply Analysis
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Soy Based Milk Substitutes Production Mode & Process Analysis
7.4 Soy Based Milk Substitutes Sales and Âé¶¹Ô´´ing
7.4.1 Soy Based Milk Substitutes Sales Channels
7.4.2 Soy Based Milk Substitutes Distributors
7.5 Soy Based Milk Substitutes Customer Analysis
8 Soy Based Milk Substitutes Âé¶¹Ô´´ Dynamics
8.1 Soy Based Milk Substitutes Industry Trends
8.2 Soy Based Milk Substitutes Âé¶¹Ô´´ Drivers
8.3 Soy Based Milk Substitutes Âé¶¹Ô´´ Challenges
8.4 Soy Based Milk Substitutes Âé¶¹Ô´´ Restraints
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Âé¶¹Ô´´ Size Estimation
10.1.3 Âé¶¹Ô´´ Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Ripple Foods
Danone
VV Group
Dali Group
Noumi
Kikkoman Corporation
Vitasoy
Yili
Marusan-Ai
Nutrisoya Foods
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*If Applicable.