Global Soy Products Market, By Product Type (Textured Vegetable Protein, Soy Milk, Soy Oil, Tofu and Other), Category (Organic and Conventional), Distribution Channel (Supermarkets and Hypermarkets, Departmental Stores, Convenience Stores, Online and Other), End User (Dairy Alternatives, Meat Alternatives, Bakery and Confectionary, Functional Foods and Infant Nutrition), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Soy Products Market
Data Bridge Market Research analyses that the global soy products market will project a CAGR of 5.70% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, surge in the demand for tofu products and ingredients, rising consumer consciousness towards high quality nutritional products, growing research and development proficiencies by the major manufacturers and increasing personal disposable income by the major companies are the major factors attributable to the growth of soy products market.
Soy is made out of soybeans. It can further be processed into a wide range of products such as soy protein, soy milk and so on. Consumption of soy and soy products brings along a wide range of benefits such as reducing the cholesterol level, alleviating from any heart related risks, improves blood pressure quotient, provide essential minerals to the body and so on. Soy products help to fight diseases such as diarrhoea and can also be used on the skin to fight wrinkles.
Rising personal disposable income and growing consumption of soy flavoured milk especially in the developing economies are the major factors fostering the growth of the soy products market. Changing lifestyle, westernization, rising prevalence of lactose intolerance and ever-rising global population are other important factors acting as soy products market growth determinants. Improving distribution channel, growing focus of the manufacturers on providing innovative products, low price of soy products and changing tastes and preferences of consumers will further induce growth in the soy products market value. Also, rising demand for plant based food products and growing vegan population will further carve the way for the growth of soy products market.
However, presence of artificial calcium in soy products will pose a major challenge to the growth of the soy products market. Excess consumption of soy can lead to various problems such as breast cancer will further restrict the scope of growth for the soy products market.
This soy products market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on soy products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Soy Products Market Scope and Market Size
The soy products market is segmented on the basis of product type, category, distribution channel and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the soy products market is segmented into textured vegetable protein, soy milk, soy oil, tofu and other.
- On the basis of category, the soy products market is segmented into organic and conventional.
- On the basis of distributional channel, the soy products market is segmented into supermarkets and hypermarkets, departmental stores, convenience stores, online and others.
- On the basis of end user, the soy products market is segmented into dairy alternatives, meat alternatives, bakery and confectionary, functional foods and infant nutrition.
Soy Products Market Country Level Analysis
The soy products market is analyses and market size, volume information is provided by country, product type, category, distribution channel and end user as referenced above.
The countries covered in the soy products market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the soy products market and will continue to flourish its trend of dominance during the forecast period owing to the rising consumer demand for soy products, growth and expansion of food and beverages industry, globalization, westernization, changing lifestyle, and increasing personal disposable income.
The country section of the soy products market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Soy Products Market Share Analysis
The soy products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to soy products market.
The major players covered in the soy products market report are Blue Diamond Growers, Dean Foods, Eden Foods Inc., House Foods America Corporation., ADM, Cargill, Incorporated., Hain Celestial, House Foods America Corporation., Pulmuone Foods USA, Vitasoy International Holdings Limited., Tofurky, Eden Foods, MORINAGA & CO., LTD., Kikkoman Corporation., Amy's Kitchen, Inc., Schouten, 'Ai' Premium Tofu Mfg.Co.LLP, Soyarich Foods – Tofu, Nasoya Foods USA, LLC, Tonzu, INVIGORATE FOODS, Surata Soyfoods Inc, Bio Nutrients (India) Pvt.Ltd, Marlow Foods Limited, and Kong Kee Food Corp. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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