Soy food is the processed form of soybeans that contain high amount of fibers and protein and less or eligible cholesterol content. Soy is also used as lactose alternative and hence can be consumer by population of lactose intolerant consumers. Soybeans is processed and sold as soya milk, tofu, soya flour, soya oil and others.
The high protein content of the product makes it a healthier choice thereby attracting consumers towards its high consumption. Soy Food Market is the fiber content helps in the loss of excess fat from the body and also helps is maintaining a healthy digestive system.
Major Key Players:
- Archer Daniels Midland Company (U.S.)
- Alpro (Belgium)
- Dean Foods Company (U.S.)
- China Yingxia International Inc (China)
- Barentz Europe B.V. (Netherlands)
- Eden Foods, Inc. (U.S.)
- CHS Inc. (U.S.)
- Groupe Danone (Spain),
- Cargill, Incorporated (U.S.)
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Based on the health benefits obtained from soy foods, the market share of soy foods is escalating at a positive rate. Major share of soy foods goes in the manufacturing of soy oil which is a highly consumed amongst the consumers backed up by the fact that soy oil is rich in omega-3 fatty acids and have no cholesterol content. The second highest share of soy foods goes into the soy meal. Consumers becoming aware of the nutrients obtained from soy have increased the consumption of soy foods in their diet. In addition, the high-fiber and high-protein segments of soy foods is projected to increase at a higher CAGR. Application of soy foods in health beverages and soy milk also holds a significant share based in the high popularity amongst sportspersons.
Based on all these factors, the soy food market is calculated to grow at the CAGR of 5.5% during 2016-2022.
Application of soy food is calculated to be high in editable oil followed by soy meal segments. As consumers have high preference for chemical-free, natural food products, the organic soy foods segment in anticipated to increase at a high rate in the given forecast period. Also, the powder segment soy food is calculated to have a significant growth due to the high shelf-life of the product.
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The global soy food market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these North America region has the major market share followed by Europe. China is amongst the major consumer of soy food products. Increasing demands of healthy on-the-go drinks and meals is supporting the growth of soy food market share in developed countries of North America and Europe region. China, India, Thailand, U.K. and Germany are the major importers of soy food. Key players are mainly focused on increasing their market share by increasing the manufacturers as soy food products which is becoming the most preferred choice amongst the health conscious population of consumers.
Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the study
2.2.1 Research Objectives
2.3 Markets Structure
List of Tables
Table 1 Pestle Analysis – U.S.
Table 2 Pestle Analysis- China
List of Figures
Figure 1 Research Methodology
Figure 2 Primary Data Analysis Approach
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