Due to greater awareness regarding the benefits of soy protein as a low-fat, high nutrient alternative to milk, the prevalence of lactose intolerance, and a growing number of vegans and vegetarians across the globe, the market for soy milk and cream is witnessing immense growth. According to analysts at Technavio, the global soy milk and cream market will grow at a CAGR of approximately 15% by 2020. The existing vendors will continue to dominate the market by expanding their product offerings, and the number of new vendors making their entrance during the forecast period will be quite low as a result.
In this blog, we identify the key and prominent vendors in the market.
Key vendors
Eden Foods
Eden Foods, Inc., founded in 1969, is an American organic food company. It is best known for its Edensoy line of organic soy milk, and its line of organic Japanese foods and condiments. The company claims to be the oldest independent organic food producer in the United States, and the largest supplier of organic dry grocery items.
Organic Valley
Organic Valley (OV) is an independent cooperative of organic farmers based in the U.S. Founded in 1988, it is the largest organic farmer-owned cooperative in the world with over 1,800 farmer-owners across the United States, Canada, and Australia. Organic Valley markets its products in all 50 states and exports to 25 countries.
Pureharvest
Pureharvest was established in 1979 and is one of Australia’s largest manufacturers and distributors of natural and organic food. The company has a national distribution network and supplies major supermarkets and health food retailers across the country with its comprehensive range of superior organic and natural products. Its current range includes non-dairy milks, fruit juices, cold pressed oils, organic sweeteners, rice cakes and soy sauces, as well as a large range of organic grains, flours, beans, nuts, dried fruit and seeds.
WhiteWave Foods
The WhiteWave Foods Company is an American consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, premium dairy products and organic produce throughout North America and Europe. The company’s brands distributed in North America include Horizon Organic premium dairy and pantry products, Silk plant-based foods and beverages, Earthbound Farm organic produce, and International Delight and Land O’Lakes coffee creamers and beverages.
Other prominent vendors
American Soy Products
American Soy Products, Inc., a Michigan-based corporation founded in 1985, is a Japanese/American joint venture partnership. American Soy Products is the largest North American soymilk producer and a recognized leader in the expanding low acid foods aseptic processing industry. American Soy Products produces high quality soymilk from organically grown soybeans, filtered water, barley, barley malt and other ingredients. In addition to manufacturing soy beverages, ASP pioneered a new beverage segment by creating a 100% fruit and vegetable combination called VRUIT.
Hain Celestial
The Hain Celestial Group, headquartered in NY, is a leading organic and natural products company with operations in North America, Europe and India. Hain Celestial participates in almost all natural categories with well-known brands that include Soy Dream, Westbrae Natural, and WestSoy.
Pacific Natural Foods
Pacific Foods of Oregon, Inc., founded in 1987, produces natural and organic food products. The company offers broths and stocks, soups, meals and sides, sauces and purees, non-dairy beverages, and special diet products. It serves customers through retail stores and online retailers in Oregon.
Panos Brands
PANOS brands, LLC, a consumer packaged goods company, manages a portfolio of specialty food and beverage brands in the United States and Canada. It offers dairy products, rice crackers, snacks, ready-to-eat meals, cooking ingredients, ginger cookies, cooking pastes, soy-based cheese, soy and rice beverages, baking ingredients, toppings, liquor cakes, apple butter spread, organic hummus, dairy free cheese blocks, and seafood items. The company was founded in 2006 and is based in New Jersey.
Sanitarium
Founded in 1898, Sanitarium has factories in a number of locations across Australia and New Zealand, producing a large range of breakfast cereals and vegetarian products. The company is best known for its brand So Good, which offers fortified non-dairy beverages that are lactose, cholesterol and gluten-free. So Good also produces almond milk and almond & coconut milk, as well as flavored soy milk and frozen soy desserts.
Stremicks Heritage Foods
Stremicks Heritage Foods, LLC produces and supplies dairy and non-dairy products in the United States. Its product portfolio includes food service/private label products, such as soymilk/rice milk, refrigerated soymilk/rice milk, almond milk, organic milk, milk, half and half products, whipping creams, and organic creamers.
SunOpta
SunOpta Inc. is a leading global company focused on organic, non-genetically modified (“non-GMO“) and specialty foods. SunOpta specializes in the sourcing, processing and packaging of organic and non-GMO food products, integrated from seed through packaged products; with a focus on strategic vertically integrated business models. With about 1,800 global employees, SunOpta’s organic and non-GMO food operations revolve around value-added grain, seed, fruit and vegetable based product offerings, supported by a global sourcing and supply infrastructure.
Vitasoy International Holdings
Founded in 1940, Vitasoy is a Chinese brand of soy beverages and desserts, best known for its soymilk. Over the years, the company has expanded beyond soy drink products and has started to produce a wide range of beverages such as fruit juice, milk, and tea, as well as other soy related products such as tofu.
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