Middle East And Africa Soy Beverages Market

Middle East and Africa Soy Beverages Market Growth and Forecast (2023 - 2028):

Middle East and Africa Soy Beverages Market was worth USD 0.75 billion in 2022 and estimated to be growing at a CAGR of 3.13%, to reach USD 0.88 billion by 2028. Soybean-based foods, apart from being a whole source of protein, also comprise other important nutrients, such as fiber, B vitamins and Omega3 fatty acids. All these nutrients play an imperative role in the growth of infants, fetal growth in pregnant women, and provide various other benefits for children and adults alike.

Market Overview:

Soy beverages are used up because of the increased availability of soy, and the scientific truths that prove the many health benefits of the beans; including lowering blood cholesterol and reducing the risk of certain cancers. Additionally, soy beverages are disbursed as a replacement for lesser-healthy drinks because of their nutrition.

Drivers and Restraints:

The Middle East and Africa Soy Beverages market is driven by rising health consciousness, as an alternative to meat and other animal products, in the developing and developed regions of the world. However, recent studies on the harmful effects of soy and its derivatives are hindering the growth of the market.

Middle East and Africa Soy Beverages market Segmentation Analysis:

The Middle East and Africa Soy Beverages market is segmented on the basis of product type and by region. On the basis of product type, the market is distributed among soy milk and yogurt smoothies. Based on Distribution Channel, the market is segmented into Supermarket/hypermarket, Retail stores, online stores and others

Region Analysis:

Geographically the Middle East and Africa Soy Beverages Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. The market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. However, rising demand among the populace with dispensable incomes and the anticipated growth of demand, are set to help the growth of the market.

Key Players in the Market:

Major Key Players in the MEA Soy Beverages Market are

• Silk
• Organic Valley
• Kikkoman Pearl Soy Milk
• West Soy
• Eden Foods
• Zen Soy
• Trader Joe’s
• Jaffe Bros
• Natural Foods
• Devansoy