Dairy and Soy Food Market Opportunities, Trends, Growth Analysis and Forecast to 2027

Dairy and Soy Food Market Report Overview

The dairy and soy food market size were valued at $653.7 billion in 2022. The rising health & wellness trend has motivated consumers across the globe to choose dairy & soy food products made using organic and natural ingredients. In addition, there is a growing trend in the sector towards greater transparency. To gain consumers’ trust, manufacturers are listing all the ingredients used in their products on the labeling.  All the above factors are set to drive the dairy and soy food market to grow at a CAGR of more than 17% during 2022-2027.

Dairy and Soy Food Market Outlook 2022-2027 (USD Billion)

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The dairy and soy food market research report provides an overview of the current dairy and soy food sector and its outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers a regional overview of dairy and soy food across five regions including Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe, highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions. The report assesses high-potential countries in each region and provides country-wise deep dive insights. Furthermore, the report covers business-related information on some of the leading brands, key distribution channels, and packaging material insights.

Dairy and Soy Food Market Segmentation by Categories

The dairy and soy food market is categorised into milk, cheese, yogurt, and others. In 2022, the milk category dominated the dairy and soy food market share both in terms of value and volume. Rapid urbanization, rising disposable incomes, and the availability of innovative flavors will further accelerate the sector’s growth in the coming years.

Dairy and Soy Food Market Analysis by Categories, 2022 (%)

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Dairy and Soy Food Market Segmentation by Regions

The key regions in the dairy and soy food market are Asia-Pacific, Middle East and Africa, the Americas, Western Europe, and Eastern Europe. In 2022, the Asia-Pacific led the dairy and soy food market with China emerging as the leading revenue-generating economy in the region.

The willingness of consumers in the Asia-Pacific to try dairy & soy food products with innovative and novel ingredients further propelled demand for the sector. Rising household disposable incomes, coupled with increased modernization of the retail industry in major economies across the Asia-Pacific, prompted consumers to spend more on healthy food options, including in the dairy & soy food sector.

Dairy and Soy Food Market Analysis by Region, 2022 (%)

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Dairy and Soy Food Market – High Potential Countries

The key high-potential countries identified in the dairy and soy food market are Vietnam, Australia, Brazil, Chile, Egypt, Nigeria, the UK, Sweden, Poland, and Turkiye.

Dairy and Soy Food Market Segmentation by Distribution Channels

The key distribution channels in the dairy and soy food market are hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, and others. In 2022, hypermarkets & supermarkets were the leading distribution channel.

Dairy and Soy Food Market Analysis by Distribution Channel, 2022 (%)

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Dairy and Soy Food Market Segmentation by Pack Materials

The key pack materials in the dairy and soy food market are flexible packaging, rigid plastics, paper & board, rigid metal, and glass. In 2022, rigid plastics emerged as the mostly used pack material in the dairy and soy food market, followed by paper & board and flexible packaging. Carton-liquid was the most widely used pack type in the dairy and soy food sector in 2022.

Dairy and Soy Food Market Analysis by Pack Materials, 2022 (%)

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Dairy and Soy Food Market – Competitive Landscape

Some of the leading dairy and soy food market players are Groupe Lactalis, Danone Group, Yili Group, China Mengniu Dairy, Nestle, and Private Label, among others. In 2022, Groupe Lactalis accounted for the highest dairy and soy food market share with some of the most prominent brands including President, Galbani, Lactel, Parmalat, and Bridel among others.

Dairy and Soy Food Market Analysis by Leading Players, 2022 (%)

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Scope

The report provides an overview of current dairy & soy food scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers regional overview across five regions – Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe – highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.

Reasons to Buy

• Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with formation about their market share and growth rates.