Soybean-based foods are basically a great source of plant proteins and are cholesterol-free and contain lower saturated fats. Soy is a further great source for fiber and omega-three fatty acids, which again is contributing to the growth in demand for soy-based food products. The growing demand for high protein food products has further witnessed a growing demand for soy-based protein products. The increasing trend for vegan and vegetarian products among health-conscious consumers has created new opportunities for the manufacturers of soy food items and beverages.
MARKET DYNAMICS
The soy food market has witnessed a significant growth owing to factors such as wider product availability such as textured vegetable protein (TVP), soy milk, soy oil, tofu, and others. Soybeans have high protein, amino acid, and fiber content with a complete absence of cholesterol and hence are substitutes for meat products, and are best suited for vegan diets. Soy possesses a number of health benefits such as increasing bone density, reduces the risk of heart failure, increasing hair growth, and others. The major producers in the soy market are India, the US, Brazil, China, and Argentina. However, the availability of substitute products may hamper the growth of the soy food market. Nevertheless, with the steady growth in the food processing industry and agriculture industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Soy Food Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the soy food market with detailed market segmentation by type, category, distribution channel, and geography. The global soy food market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading soy food market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global soy food market is segmented on the basis of type, category, and distribution channel. On the basis of type, the soy food market is segmented into textured vegetable protein (TVP), soy milk, soy oil, tofu, and others. The soy food market on the basis of the category is classified into organic and conventional. On the basis of distribution channel, global soy food market is bifurcated into hypermarkets and supermarkets, convenience store, online stores, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global soy food market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The soy food market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the soy food market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the soy food market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global soy food market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from soy food market are anticipated to lucrative growth opportunities in the future with the rising demand for soy food in the global market. Below mentioned is the list of few companies engaged in the soy food market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the soy food market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alpro
- Archer Daniels Midland Company
- Barentz Europe B.V.
- Cargill, Incorporated
- China Yingxia International Inc.
- CHS Inc.
- Dean Foods Company
- Eden Foods, Inc.
- Groupe Danone
- Sunrise Soya Foods
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.