Impact of New Generation's Inclination towards Vegan Diet on Soy Milk Market Trends
Monday, 1 April 2024, 08:30
Vegan Diet Trends and Soy Milk Market Outlook
The soy milk market is forecasted to grow at a CAGR of 8.70% from 2024 to 2034, reaching a valuation of US$ 12,860.8 million. The increasing inclination of the new generation towards vegan diets is playing a crucial role in shaping this market. This trend is driven by the growing awareness around lactose intolerance, particularly in the United States.
Market Growth and Product Availability
- Projections indicate that the soy milk market is expected to reach US$ 6,877.40 million in 2024.
- The presence of multinational companies in the country has facilitated the availability of soy milk products in leading supermarkets and online platforms.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.