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Pulished Date February, 2020
ID: 4970
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Soy Food Products Market by Type (Fermented, Non-Fermented, Soy Additives/Ingredient, Soy Oils and others), By Application (Bakery and Confectionery, Dairy Products, Meat Products, Functional Foods, Infant Foods), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa, And Rest of the world) – Global Industry Size, Share, Value, Volume and Global Key Players Analysis Forecast Report 2020-2025

Pulished: February, 2020
ID: 4970
Pages: 175

Soy Food Products Market Volume Analysis Report 2020-2025:

Soy Food Products Market has been valued at about USD 38.7 Billion in 2018. Considering the varied growth factors, it is estimated that the market is going to be worth about 51.2 billion USD by the end of 2024 with a CAGR of 5.5%. Soy Foods are derived from soybean that contains high levels of proteins. It contains high levels of amino acids that are essential for building body tissues and as nutrition supplements, high fibre as well as omega 3 and omega 6 fatty acids. Soy Products can be converted into a wide range of food products such as tofu, tamari, tempeh, soy flour, and soymilk. Another advantage offered is it being cholesterol-free and having low levels of saturated fats. Some of the products made using soy serve as substitutes for milk products like tofu for cheese. Soy has diverse applications including baked goods, pasta, cereals and meat products. Health benefits offered by soy at low costs attract consumers and will be a major factor in driving the market. 

The primary driver of the soy market is the growing health awareness among individuals as soy has relatively fewer calories and various health benefits. A 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 the 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 are the absence of calcium. These products have artificial calcium added to them which is of relatively less nutrient value.

Market Growth

Soy is used as a dietary addition in many end-use industries such as sports and nutrition, infant foods, bakery goods, meat extenders etc. Soy in the market in terms of volume amounts to nearly 70-80 million tonnes globally. Due to the availability of soy at a lower cost, it is a good alternative to other sources of protein like milk and meat products. The health benefits offered by soy-based products such increase in bone density, provision of vitamins K1, B12 and B6, maintenance of heart health, breast cancer prevention in women, high content of fibre, omega 3 fatty acid, vitamin C and folate and provision of minerals like iron, phosphorus, manganese, copper, and zinc will fuel the demand for soy over the forecast period. The side effects of soy consumption such as increased incidence of heart failure, high blood sugar levels, low calcium and digestion problems will kidney patients can hamper the growth of the market. New innovations and diversification of portfolio carried out by key players will drive the market demand in the coming years.

Impact of COVID-19:

The COVID-19 pandemic has affected markets all around the world. Although most of the markets have experienced a sharp decline in growth rate, the market for soy food products is predicted to experience a spike in growth rate. Protein-based supplements as immunity boosters are finding immense demand, where soy products will become crucial. The call for functional foods is likely to skyrocket owing to the consumers’ preference for nutrient-rich foods during the coronavirus pandemic. Also, the decline in the consumption of animal meat is determined to accelerate the growth of plant-based proteins in the future. Moreover, the pandemic would also raise more awareness about the importance of a healthy lifestyle and healthy food amongst consumers, which would lead to an increase in demand for soy-based products.

 

Recent Developments

  1. In 2018, Hershey's launched soy milk beverage in the USA. The company focuses on widening its portfolio.
  2. In 2019, Invigorate Foods introduced its "Genki-Ya Tofu", a new product made with fresh soy milk extracts. The company also announced to launch other such soy-based products as Genki-ya Silken Tofu, Genki-ya Firm Tofu, Genki-ya Extra-Firm Tofu, Fresh Soy Milk, Flavoured Soy milk, yoghurts and doughnuts.

Drivers

  • The rising awareness of people towards healthy food and healthy life have fuelled the demand for soy food products. The demand has increased owing to the fact that it is cholesterol-free with low levels of saturated fats. Also, high level of proteins, high fibre, omega 3 fatty acid, vitamins K1, B12, C and B6, folate and minerals like iron, phosphorus, manganese, copper, and zinc are attracting customers.
  • The rise in the call for plant-based protein makes it an ideal element for promoting the expansion of the global soy food products market.
  • Expansion of the use of soy in into products of different sectors of food and beverage industry will drive the demand. Diversification into different markets of food and beverage will drive the growth of soy food products.
  • Health benefits such as an increase in bone density, breast cancer prevention in women are estimated to contribute towards the global soy food products growth.
  • The availability of health benefits at a low cost compared to other high protein alternatives is expected to be a major factor in luring customers.

Restraints

  • Several associated side effects after soy-based products consumption such as an increase in blood sugar level (diabetes), probability of heart failure are expected to hamper the market growth.
  • Presence of artificial calcium in soy food products could be a restraint to the market.
  • Being rich in oxalate it causes kidney problems. Individuals having kidney stones are exempted from consuming soy food thus, decreasing the market growth.

Market Detailed Segmentation Analysis:

By Type

  • Fermented
  • Non-Fermented
  • Soy additives/Ingredient
  • Soy Oils
  • Others

Out of these, soy oils hold a large market share. Fermented is expected to be the most promising sector over the forecast period. The rising demand for downstream applications is touted to fuel the demand in this market segment.

By Application

  • Bakery and confectionery
  • Dairy products
  • Meat products
  • Functional foods
  • Infant foods

Out of these, the use of soy is more popular in products like dairy and meat products alternatives. Due to associated health benefits available at low cost, Soy Food Products market is expected to witness an upsurge. Growth in the functional foods sector is also estimated over the forecast period.

Regional Clasification:

In terms of geography, the market for soy food products is concentrated in

  • North America
  • South America
  • Asia Pacific
  • Europe
  • MEA (the Middle East and Africa)

The Asia Pacific the most prominent region in terms of market share followed by Europe and North America. Major countries in these regions include Japan, China, India, Australia and New Zealand, Germany, France, UK, Italy, Spain, US, Canada, Brazil, Argentina and Mexico. Dominant regions in terms of global soy food product market share in the Asia Pacific are India, China and Japan

Soybean Food Products Market in Latin America and the Asia Pacific is projected to be fastest-growing geographies in soy food products market. The whole soy food product is the largest and fastest-growing market category.

Key Players

The main players within the market are:

  • Alpro (Belgium)
  • Archer Daniels Midland Company (US)
  • Dean Foods Company (US)
  • China Yingxia International Inc. (China)
  • Barentz Europe B.V. (Netherlands)
  • Eden Foods, Inc. (US)
  • CHS Inc. (US)
  • Danone (France)
  • Cargill, Incorporated (US)
  • Sunrise Soy Foods (Canada)

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Soy Food Products Market, By Type                

                                6.1.1 Fermented             

                                6.1.2 Non-Fermented   

                                6.1.3 Soy Oils     

                                6.1.4 Soy Additives/Ingredient  

                                6.1.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 Soy Food Products Market, By Application                   

                                6.2.1 Bakery and Confectionery

                                6.2.2 Dairy Products       

                                6.2.3 Meat Products      

                                6.2.4 Functional Foods  

                                6.2.5 Infant Foods           

                                6.2.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.7 Y-o-Y Growth Rate Analysis             

                                6.2.8 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application        

8. Key Player Analysis                                    

                8.1 Alpro                             

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 ADM Company                         

                8.3 Dean Foods Company                            

                8.4 China Yingxia International Inc.                          

                8.5 Barentz Europe B.V                 

                8.6 Eden Foods, Inc                        

                8.7 CHS Inc                         

                8.8 Danone                        

                8.9 Cargill, Inc                    

                8.10 Sunrise Soy Foods                 

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of type and application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Soy Food Products Market By Region, From 2020-2025 ( USD Billion )
  2. Global Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  3. Global Fermented Market By Region, From 2020-2025 ( USD Billion )
  4. Global Non-Fermented Market By Region, From 2020-2025 ( USD Billion )
  5. Global Soy Oils Market By Region, From 2020-2025 ( USD Billion )
  6. Global Soy Additives/Ingredient Market By Region, From 2020-2025 ( USD Billion )
  7. Global Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  8. Global Bakery and Confectionery Market By Region, From 2020-2025 ( USD Billion )
  9. Global Dairy Products Market By Region, From 2020-2025 ( USD Billion )
  10. Global Meat Products Market By Region, From 2020-2025 ( USD Billion )
  11. Global Functional Foods Market By Region, From 2020-2025 ( USD Billion )
  12. Global Infant Foods Market By Region, From 2020-2025 ( USD Billion )
  13. North America Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  14. North America Fermented Market By Region, From 2020-2025 ( USD Billion )
  15. North America Non-Fermented Market By Region, From 2020-2025 ( USD Billion )
  16. North America Soy Oils Market By Region, From 2020-2025 ( USD Billion )
  17. North America Soy Additives/Ingredient Market By Region, From 2020-2025 ( USD Billion )
  18. North America Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  19. North America Bakery and Confectionery Market By Region, From 2020-2025 ( USD Billion )
  20. North America Dairy Products Market By Region, From 2020-2025 ( USD Billion )
  21. North America Meat Products Market By Region, From 2020-2025 ( USD Billion )
  22. North America Functional Foods Market By Region, From 2020-2025 ( USD Billion )
  23. North America Infant Foods Market By Region, From 2020-2025 ( USD Billion )
  24. United States Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  25. United States Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  26. Canada Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  27. Canada Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  28. Europe Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  29. Europe Fermented Market By Region, From 2020-2025 ( USD Billion )
  30. Europe Non-Fermented Market By Region, From 2020-2025 ( USD Billion )
  31. Europe Soy Oils Market By Region, From 2020-2025 ( USD Billion )
  32. Europe Soy Additives/Ingredient Market By Region, From 2020-2025 ( USD Billion )
  33. Europe Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  34. Europe Bakery and Confectionery Market By Region, From 2020-2025 ( USD Billion )
  35. Europe Dairy Products Market By Region, From 2020-2025 ( USD Billion )
  36. Europe Meat Products Market By Region, From 2020-2025 ( USD Billion )
  37. Europe Functional Foods Market By Region, From 2020-2025 ( USD Billion )
  38. Europe Infant Foods Market By Region, From 2020-2025 ( USD Billion )
  39. U.K. Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  40. U.K. Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  41. Germany Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  42. Germany Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  43. France Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  44. France Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  45. Italy Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  46. Italy Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  47. Spain Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  48. Spain Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  49. Asia Pacific Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  50. Asia Pacific Fermented Market By Region, From 2020-2025 ( USD Billion )
  51. Asia Pacific Non-Fermented Market By Region, From 2020-2025 ( USD Billion )
  52. Asia Pacific Soy Oils Market By Region, From 2020-2025 ( USD Billion )
  53. Asia Pacific Soy Additives/Ingredient Market By Region, From 2020-2025 ( USD Billion )
  54. Asia Pacific Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  55. Asia Pacific Bakery and Confectionery Market By Region, From 2020-2025 ( USD Billion )
  56. Asia Pacific Dairy Products Market By Region, From 2020-2025 ( USD Billion )
  57. Asia Pacific Meat Products Market By Region, From 2020-2025 ( USD Billion )
  58. Asia Pacific Functional Foods Market By Region, From 2020-2025 ( USD Billion )
  59. Asia Pacific Infant Foods Market By Region, From 2020-2025 ( USD Billion )
  60. Japan Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  61. Japan Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  62. China Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  63. China Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  64. India Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  65. India Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  66. Australia Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  67. Australia Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  68. South Korea Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  69. South Korea Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  70. Latin America Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  71. Latin America Fermented Market By Region, From 2020-2025 ( USD Billion )
  72. Latin America Non-Fermented Market By Region, From 2020-2025 ( USD Billion )
  73. Latin America Soy Oils Market By Region, From 2020-2025 ( USD Billion )
  74. Latin America Soy Additives/Ingredient Market By Region, From 2020-2025 ( USD Billion )
  75. Latin America Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  76. Latin America Bakery and Confectionery Market By Region, From 2020-2025 ( USD Billion )
  77. Latin America Dairy Products Market By Region, From 2020-2025 ( USD Billion )
  78. Latin America Meat Products Market By Region, From 2020-2025 ( USD Billion )
  79. Latin America Functional Foods Market By Region, From 2020-2025 ( USD Billion )
  80. Latin America Infant Foods Market By Region, From 2020-2025 ( USD Billion )
  81. Brazil Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  82. Brazil Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  83. Argentina Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  84. Argentina Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  85. Mexico Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  86. Mexico Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  87. Rest of Latin America Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  88. Rest of Latin America Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  89. Middle East and Africa Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  90. Middle East and Africa Fermented Market By Region, From 2020-2025 ( USD Billion )
  91. Middle East and Africa Non-Fermented Market By Region, From 2020-2025 ( USD Billion )
  92. Middle East and Africa Soy Oils Market By Region, From 2020-2025 ( USD Billion )
  93. Middle East and Africa Soy Additives/Ingredient Market By Region, From 2020-2025 ( USD Billion )
  94. Middle East and Africa Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  95. Middle East and Africa Bakery and Confectionery Market By Region, From 2020-2025 ( USD Billion )
  96. Middle East and Africa Dairy Products Market By Region, From 2020-2025 ( USD Billion )
  97. Middle East and Africa Meat Products Market By Region, From 2020-2025 ( USD Billion )
  98. Middle East and Africa Functional Foods Market By Region, From 2020-2025 ( USD Billion )
  99. Middle East and Africa Infant Foods Market By Region, From 2020-2025 ( USD Billion )
  100. Middle East Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  101. Middle East Soy Food Products Market By Application, From 2020-2025 ( USD Billion )
  102. Africa Soy Food Products Market By Type, From 2020-2025 ( USD Billion )
  103. Africa Soy Food Products Market By Application, From 2020-2025 ( USD Billion )

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