Soy milk, also known as soymilk and soya milk, is a plant-based drink produced by soaking and grinding soybeans, boiling the mixture, and filtering out remaining particulates. It is a stable emulsion of oil, water, and protein. Its original form is a natural by-product of the manufacture of tofu. It became a common beverage in Europe and North America in the latter half of the 20th century, especially as production techniques were developed to give it taste and consistency more closely resembling dairy milk.

In 2018, the per capita consumption of soybean milk in mainland China was only 0.75 kg, while the per capita consumption of the United States, Japan, Taiwan, and Hong Kong was 0.76 kg, 2.47 kg, 2.68 kg, and 10.78 kg, respectively. Soy milk has huge prospects in developing countries. Compared with milk and soybean milk, soy milk has unique advantages, compared with milk, soy milk is more suitable for lactose intolerance patients, lactose intolerance patients suffer from abdominal pain, diarrhea, nausea, vomiting and other adverse reactions after drinking milk due to lack of lactase in the body. Asian residents are more prone to lactose intolerance. The incidence of lactose malabsorption in Chinese adults after drinking milk is as high as 86.7%, and the intolerance index is 0.9, also as a protein supplement, soy milk can be an ideal substitute for milk to meet consumer demand for protein intake.

The nutritional content of soy milk is very good for your health, and it can also be used for beauty. Soy protein in soy milk is a high-quality plant protein that can provide 9 amino acids that the human body cannot synthesize by itself and must be absorbed from the diet, soy protein can also increase the burning rate of fat, promote the excretion of excess cholesterol, keep the cholesterol level in the blood low, thereby softening blood vessels, stabilizing blood pressure, and preventing obesity. At the same time, linoleic acid in soy milk can reduce the cholesterol and neutral fat content in the blood, while linolenic acid can improve learning ability, anti-allergic, and make the blood cleaner. The oligosaccharides in soy milk can reach the intestine directly, promote the reproduction of bacteria such as lactic acid bacteria in the intestine, improve the metabolism of the intestine, prevent constipation, and help prevent food poisoning and colorectal cancer. Soy milk also contains soy lecithin. Lecithin is very important for the normal activities of cells. It can promote metabolism, prevent cell aging, keep the body young, and prevent pigmentation and dullness.

Competitive landscape of Soy milk companies:
1. The soy milk industry is highly concentrated, but no global leader has emerged.
2. The characteristics of soy milk products will be more prominent in the future.
3. Soy milk industry will reshuffle in the future.

Global soy milk market was valued at 3152 Million US$ in 2018 and is projected to reach 4547 Million US$ by 2024, at a CAGR of 6.3% during the forecast period. Key players in global soy milk market include: Eden Foods, Organic Valley, Pure Harvest, WhiteWave Foods, American Soy Products, Dean Foods, Hain Celestial, Pacific Natural Foods, Panos Brands, Sanitarium etc.