Business Plan for Soya Milk Manufacturing

Soybean milk
Soya milk also known as soy milk or soymilk, is a plant-based drink produced by soaking and grinding soybeans, boiling the mixture, and filtering out remaining particulates.

Uses of Soy Milk
The protein in soy milk is healthy, plant-based, and can help support healthy muscles and organs. Soy milk is rich in omega-3 fatty acids, which are ?healthy? fats that your body cannot form on its own.
Customer Analysis
With soybean production increasing worldwide during the early 21st century and consumer interest in plant milks growing from demand in Asia, Europe, and the United States, soy milk became the second-most consumed plant milk (after almond milk) by 2019. The main users of soy milk in Nigeria are households and individuals that uses soy milk as an alternative to diary milk.
Industry
The main producers of Soy milk in Nigeria are:
Vita Milk, Cway Milk, Man crop Nigeria, Valency Cashew Processing Limited, Kamry Company Nigeria Limited.
The Business Opportunity
According to market research in 2019, the worldwide market for soy milk was growing at an annual rate of 6%, and was forecast to reach $11 billion in total commerce by 2025. Growth in consumption was due mainly to expanding the flavors of sweetened soy milks and uses in desserts, whereas unsweetened soy milk was being used particularly in Asia-Pacific countries as an ingredient in snacks and various prepared foods.
This business plan provides the information needed to make decisions about starting a soy milk manufacturing plant. It is designed to attract investors to the business.