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Asia Pacific Soy Food Products Market By Type (Soy Food Products, Soy Oils, And Soy Additives/Ingredient), By Application (Food And Beverages, Feed, Pharma, And Others), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: March, 2023
ID: 4974
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Soy Food Products Market  Size and Growth Analysis:

Asia Pacific Soy Food Products market size was around USD XX billion in 2022. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2027

Asia Pacific Soy Food Products market Overview:

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.

Asia Pacific Soy Food Products market Segmentation:

The market is segmented on the

basis of type

application

By application it is segmented into

  • food and beverages

  • feed

  • Pharma 

By type

  • food products

  • additives

  • oils

Food products are further segmented

  • fermented (Soy sauce, Natto, Tempeh, Miso, Soy cheese, Soy youghurt, Soynut butter, Tuba, Soy mayonnaise, Others)

  • non-fermented (Soy flour, Soy fibre, Soy grits, Soymilk, Soynuts)

Additives are further segmented

  • Soy protein concentrate

  • Soy protein isolates

  • textured soy protein 

Oils are further segmented into

  • Sobean oil

  • Lecithin

  • others

Asia Pacific Soy Food Products market geographical Analysis

  • India

  • China

  • Japan

  • Korea

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.

Asia Pacific Soy Food Products market Key players:

  1. ADM Inc

  2. Solbar Ltd.

  3. Cargill Inc.

  4. DuPont Solae

  5. Northern Soy Inc.

  6. Whole Soy & Co.

  7. The Scoular Company

  8. Linyi Shansong Biological Products Co. Ltd.

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