Grains, Soymilk, and Cocoa Drinks Market Soars: 11.58% CAGR

Evolve Business Intelligence has published a research report on the Global Grains, Soymilk, and Cocoa Drinks Market, 2023–2033. The global Grains, Soymilk, and Cocoa Drinks Market is projected to exhibit a CAGR of around 11.58% during the forecast period of 2023 to 2033.

Evolve Business Intelligence has recognized the following companies as the key players in the global Grains, Soymilk, and Cocoa Drinks Market: Nestle S.A., The Coca-Cola Company, Danone S.A., The Hain Celestial Group Inc., PepsiCo Inc., Oatly AB, Silk, Pacific Foods, Ripple Foods and Califia Farms.

Market Highlights

The Grains, Soymilk, and Cocoa Drinks Market is projected to be valued at USD 74.58 Billion by 2033, recording a CAGR of around 11.58% during the forecast period. The grains, soymilk, and cocoa drinks are dynamic and influenced by several converging trends, particularly those related to health and dietary preferences. The soymilk market is experiencing steady growth, driven by its nutritional profile and versatility. The chocolate powdered drinks market is also expanding, fueled by factors like changing consumer preferences and the widespread appeal of chocolate. Grains are a very large market, and are of course the base of many of the products described above. The market for various grains is subject to many factors, including weather, and global economics.

The Indian soy milk market is poised for robust growth, driven by health trends, urbanization, and increased availability through various retail channels.

Segmental Analysis

The Grains, Soymilk, and Cocoa Drinks Market has been segmented based on Product and Distribution Channel.

Based on Product, the Grains, Soymilk, and Cocoa Drinks Market is segmented into Grains drinks, Soymilk drinks, Cocoa drinks. The Soymilk drinks segment is anticipated to dominate the market.

Based on Distribution Channel, the Grains, Soymilk, and Cocoa Drinks Market is segmented into Retail stores, E-commerce and Direct sales. The Retail stores segment is anticipated to dominate the market.

Regional Analysis

The Grains, Soymilk, and Cocoa Drinks Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. In North America, the demand for soymilk is growing due to the rising popularity of vegan and vegetarian diets, as well as increasing lactose intolerance. The United States and Canada are major markets, with a focus on organic and fortified soymilk. The European soymilk market is experiencing growth, driven by the increasing awareness of health and wellness, and the rising number of vegan consumers. Asia-Pacific region holds a significant share of the soymilk market, driven by traditional consumption patterns and increasing health consciousness and Growth is fueled by rising disposable incomes and the adoption of Western dietary trends. Latin America region is showing potential for growth, with increasing awareness of plant-based alternatives and rising disposable incomes. In Middle East and Africa, the soymilk market is still developing, but there is potential for growth due to increasing health awareness and changing dietary habits.