The soy desserts market size in Asia-Pacific is expected to be valued at USD 21.29 billion by 2029 from USD 13.73 billion in 2024, growing at a CAGR of 9.14% from 2024 to 2029.
Soy dessert is produced from soy milk and has been gaining popularity due to its nutritional value. Soy desserts mostly consist of soy pies, soy cheesecakes, soy pudding, and soy ice creams, which are completely dairy-free and are manufactured using soy milk.
In the past few years, the soy food industry, predominantly soy desserts, has experienced substantial growth and is anticipated to grow further expansively. Soy desserts are expected to gain approval worldwide and the market is expected to witness substantial growth, led by Asia owing to the mounting population in the region. The growth of the Asia-Pacific Soy Desserts Market is mainly driven by the rising health consciousness as an alternative to milk, meat, and other animal products in the developing and developed regions of the world.
However, recent studies on the harmful effects of soy and its derivatives are hindering the growth of the Asia-Pacific market.
Asia-Pacific is predicted to grow with the highest CAGR during the forecast period. Factors such as growing consumption coupled with the rapid growth in distribution channels are anticipated to lead to the growth of the market in this region.
Hershey Company, Whitewave Services Inc., Danone Group, Dean Foods Co. and Turtle Mountain are a few of the major players in the Asia Pacific soy desserts market.
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