Europe Soy Food Products Market size was around USD 15.31 billion in 2024. It is expected to grow at a CAGR of 4.29% to achieve USD 18.89 billion by 2029.
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.
This Research Report on Europe Soy Food Products Market is segmented and sub segmented into following categories:
Europe Soy Food Products Market – By Type:
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.
Europe Soy Food Products Market – By Application:
By application it is segmented into food and beverages, feed, pharma and others
Europe Soy Food Products Market – By Region:
By geography, the market is segmented into Spain, Germany, France, Italy, and others. Asia-Pacific is most dominating geography in Europe soy food market followed by North America and Europe.
KEY MARKET PLAYERS:
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.
Frequently Asked Questions
Soy food products are derived from soybeans and include a variety of options such as tofu, tempeh, soy milk, soy yogurt, soy-based meat substitutes, soy sauce, and soy flour. These products are popular among consumers seeking plant-based protein alternatives
Soy food products are rich in protein, fiber, vitamins, minerals, and phytonutrients. They are known to support heart health, bone health, weight management, and hormonal balance. Additionally, soy foods are cholesterol-free and low in saturated fat, making them suitable for heart-healthy diets.
Soybeans are a sustainable crop that requires fewer resources such as water and land compared to animal agriculture. By incorporating soy food products into their diets, consumers can reduce their environmental footprint, as soy production has a lower carbon footprint and water usage compared to animal-based foods.
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