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Europe Soy Beverage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Soy Milk Consumption in Europe and is segmented by Product Type (Soy Milk and Soy-Based Drinkable Yogurt), By Flavor (Flavored and Plain/Unflavored), Distribution Channel (Supermarkets/Hypermarkets, Pharmacy, Convenience Stores, Online Retail Stores, and Others), and By Geography

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Europe Soy Beverages Market Size

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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.30 %
Market Concentration High

Major Players

Europe Soy Beverages Market

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe Soy Beverages Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Europe Soy Beverages Market Analysis

Europe soy beveragesmarket is projected to register a CAGR of 5.3% during the forecast period (2020-2025).

  • The increasedprevalence of soy milk in retail outlets like supermarket/hypermarkets have enabledconsumers to purchase the products with ease.
  • Furthermore, the increasing awareness related to the health benefits of vegan drinks such as almond and soymilk among people in the region is further fuelling the growth of the market.

Europe Soy Beverages Market Trends

This section covers the major market trends shaping the Europe Soy Beverages Market according to our research experts:

Increasing Consumption of Lactose Free Products

The sales of lactose-free or plant milk products in Europe is increasing rapidly due to the large presence of self-diagnosed cases of lactose-intolerance among people in the region. Food intolerances are becoming a major concern for many consumers and this, in turn, is driving the growth of lactose-free food where the lactose has been removed from the products. Consumers are looking for lactose-free alternatives derived from plant sources, and with more number of dairy-free products multiplying on the shelves, consumers are able to meet their health and wellness goals. This, in turn, is leading to increased purchases of soy milk in many countries like the United Kingdom in the European region.

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Increased Imports of Soybeans in the Region

The European Union imports large quantities of soybeans every year as a source of protein to feed animals, including chicken, pigs, and cattle, as well as for milk production. The imports of soybeans from the United States by the European Union increased by 112% from 2017 to 2018. Europe has remained the top destination for United States soybeans exports, followed by Argentina and Mexico. Such imports have led to the availability of soy milk in the region with manufacturers using soybeans to manufacture soy milk, thereby catering to the market demand for soy beverages. 

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Europe Soy Beverages Industry Overview

The Europe soy beverages market is consolidated, owing to the number of giant players dominating the market. Some of the key players in the market are Danone S.A., Kikkoman Corporation, Hain Celestial, and Eden Foods. Manufacturers are offering a variety of soy milk including flavored and plain soy milk in sweetened and unsweetened varieties to suit the varied tastes and preferences of consumers. Also, the increasing competition from other milk substitutes such as almond, hemp, and rice milk are leading to more players promoting the benefits of soy milk and focusing on developing newer flavors of soy milk. 

Europe Soy Beverages Market Leaders

  1. Danone S.A.

  2. Hain Celestial

  3. Eden Foods

  4. Vitasoy International Holdings Limited

  5. Sojade

*Disclaimer: Major Players sorted in no particular order

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Europe Soy Beverages Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Soy Milk

      2. 5.1.2 Soy-Based Drinkable Yogurt

    2. 5.2 By Flavor

      1. 5.2.1 Plain Soy Beverages

      2. 5.2.2 Flavored Soy Beverages

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarket/ Hypermarkets

      2. 5.3.2 Pharmacies/ Drug stores

      3. 5.3.3 Convenience Stores

      4. 5.3.4 Online Stores

      5. 5.3.5 Others

    4. 5.4 By Geography

      1. 5.4.1 United Kingdom

      2. 5.4.2 Germany

      3. 5.4.3 France

      4. 5.4.4 Spain

      5. 5.4.5 Italy

      6. 5.4.6 Russia

      7. 5.4.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Danone S.A.

      2. 6.4.2 Hain Celestial

      3. 6.4.3 Eden Foods

      4. 6.4.4 Vitasoy International Holdings Limited

      5. 6.4.5 Sojade

      6. 6.4.6 Naturally Good Food

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Soy Beverages Industry Segmentation

Europe soy beverage market is segmented by product type which includes soy milk and soy-based drinkable yogurt. The market is divided based on flavor including flavored and plain/unflavored. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, pharmacy,  convenience stores, online retail stores, and others. The study also involves the analysis in regions such as the United Kingdom, Germany, France, Spain, Italy, Russia and Rest of Europe.

By Product Type
Soy Milk
Soy-Based Drinkable Yogurt
By Flavor
Plain Soy Beverages
Flavored Soy Beverages
By Distribution Channel
Supermarket/ Hypermarkets
Pharmacies/ Drug stores
Convenience Stores
Online Stores
Others
By Geography
United Kingdom
Germany
France
Spain
Italy
Russia
Rest of Europe
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Europe Soy Beverages Market Research FAQs

The Europe Soy Beverages Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)

Danone S.A., Hain Celestial, Eden Foods, Vitasoy International Holdings Limited and Sojade are the major companies operating in the Europe Soy Beverages Market.

The report covers the Europe Soy Beverages Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Soy Beverages Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Europe Soy Beverages Industry Report

Statistics for the 2024 Europe Soy Beverages market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Soy Beverages analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Europe Soy Beverage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)