Soymilk market is witnessing a rapid growth owing to high nutritional value and diverse applications across the food industries. It is primarily used for the preparation of various products such as desserts, snacks, non-dairy cheese, and healthy beverages. These factors have a positive influence on the growth of this market. Additionally, the absence of lactose in the product is one of the major factors for the growth of soymilk market, which has increased its popularity among the lactose intolerant consumers. The production and the consumption of soymilk are high in the North American region and is projected to increase at a positive growth rate in various countries of Europe and Asia Pacific over the given forecast period.
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The global soymilk market share is expected to grow at a higher growth rate supported by rise in health conscious lifestyle and increasing consumer awareness on lactose intolerance. The prevalence of lactose intolerance cured by self-diagnosed cases has given market rise to soymilk for dairy consumption with lactose free offerings. Rising population of individuals with lactose intolerance is identified to be increasing in America, which propels the growth of this market.
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