A new market report by DataM reveals that the South American soy milk market is experiencing steady growth as consumers increasingly opt for plant-based alternatives. Brazil leads the region with a 45% market share, followed by Argentina at 30% and Colombia at 25%. Supermarkets and hypermarkets are the primary distribution channels, accounting for 54% of sales, while online stores hold a 22% market share.

The industry has seen recent developments such as Nestlé and AdeS expanding their soy-based beverage offerings to cater to the growing demand for dairy alternatives. NotCo and Piracanjuba have also introduced new soy milk alternatives, leveraging technological advancements to enhance flavor, nutritional value, and production efficiency. Collaboration among soy producers, manufacturers, and research institutions is driving product innovation and diversification, while government initiatives promoting nutrition and sustainability are contributing to the market's growth potential. With these factors and expanding distribution networks, DataM projects sustained growth for the South American soy milk market.