Asia Pacific Soy Food Products market size was around USD XX billion in 2020. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2026.
Soy products are made from soybean. They are an alternative for milk and milk products like cheese, yoghurts, flavoured milk, and spreads. Soy products also act as an alternative for meat products, as well as vegan diets. They are rich in protein content and provide amino acids that are vital for the body. Soy contains two types of fatty acids viz., omega-3 and omega-6 fatty acids. Soybean was first cultivated in China from where it spread to other parts of Asia and the world. Soybeans are used to prepare a variety of food products such as tofu, tamari, soymilk, soy flour, tempeh and others. Soymilk is produced after soaking soybeans in water. Tofu is a cheese-like food made after curdling the soymilk and is a near perfect alternative for cheese for lactose intolerant people. Tamari or soy sauce is prepared by fermenting soybeans and is used as flavouring agent.
Primary driver of the soy market is the growing health awareness among individuals as soy has relatively less calories and various health benefits. Secondary driver is growing lactose intolerance among the individuals which causes them to consume soy products instead of milk and its products. The majority of lactose intolerant individuals are found in Europe, Africa, Asia, and US. Several flavours that are added to soy products raise their appeal and demand among the consumers. Another driver for soy is its price: the prices of soy products are significantly lower than that of milk products. This attracts more customers towards the products.
Primary restraints of the soy market is the absence of calcium. These products have artificial calcium added to them which is of relatively less nutrient value.
The market is segmented on the basis of type and application. By application it is segmented into food and beverages, feed, pharma and others. By type it is segmented into food products, additives, and oils. Food products are further segmented into fermented (Soy sauce, Natto, Tempeh, Miso, Soy cheese, Soy youghurt, Soynut butter, Tuba, Soy mayonnaise, Others) and non-fermented (Soy flour, Soy fibre, Soy grits, Soymilk, Soynuts). Additives are further segmented into Soy protein concentrate, Soy protein isolates, textured soy protein and others. Oils are further segmented into Sobean oil, Lecithin, and others.
By geography, the market is segmented into India, China, Japan, Korea and others. Asia-Pacific is most dominating geography in the market. Soybean Food Products Market in Asia Pacific are projected to be fastest growing geographies in soy food products market. Whole soy food product is the largest and fastest growing market category.
Some of the key players of the market are ADM Inc. Solbar Ltd., Cargill Inc., DuPont Solae, Northern Soy Inc., Whole Soy & Co., The Scoular Company, and Linyi Shansong Biological Products Co. Ltd.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Soy food products
5.1.2.1 Fermented
5.1.2.1.1 Soy sauce
5.1.2.1.2 Natto
5.1.2.1.3 Tempeh
5.1.2.1.4 Miso
5.1.2.1.5 Soy cheese
5.1.2.1.6 Soy youghurt
5.1.2.1.7 Soynut butter
5.1.2.1.8 Tuba
5.1.2.1.9 Soy mayonnaise
5.1.2.1.10 Others
5.1.2.2 Non fermented
5.1.2.2.1 Soy flour
5.1.2.2.2 Soy fibre
5.1.2.2.3 Soy grits
5.1.2.2.4 Soymilk
5.1.2.2.5 Soynuts
5.1.3 Soy additives/Ingredient
5.1.3.1 Soy protein concentrate
5.1.3.2 Soy protein isolates
5.1.3.3 Textured soy protein
5.1.3.4 Others
5.1.4 Soy oils
5.1.4.1 Sobean oil
5.1.4.2 Lecithin
5.1.4.3 others
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Food and Beverages
5.2.3 Feed
5.2.4 Pharma
5.2.5 Others
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Alpro (Belgium)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Archer Daniels Midland Company (US)
8.3 Barentz Europe B.V. (Netherlands)
8.4 Caramuru (Brazil)
8.5 China Yingxia International Inc (China)
8.6 Chs Inc (Us)
8.7 Dean Foods Company (US)
8.8 Eden Foods, Inc. (US)
8.9 Galaxy Nutritional Foods, Inc. (US)
8.10 Gardenburger (US)
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
