Market Analysis: Global Soy Products Market
Soy products market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising health awareness among consumers and increasing R&D investment by manufacturer are the factor dor the growth of this market.
Market Definition: Global Soy Products Market
Soy is produced from soybean and can be processed into soy protein, soy fiber or soymilk. Soy are very beneficial for high blood pressure, high cholesterol, and to reduce blood vessels and heart diseases. They also have the ability to treat problems such as diarrhoea, irritable bowel disease, metabolic syndrome, constipation, hepatitis B, and can also enhance muscle strength. They are also used as milk alternative in infant feeding problem. They are also applied on the skin because they can improve wrinkled skin.
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Market Drivers:
• Increasing lactose intolerance among population which make them to consume more soy products which is driving the market growth
• Low price of the soy products acts as a driving factor for this market growth
• Rising vegan population will positively affect the growth of this market
• Growing demand plant-based foods also contributes as a major driving factor for this market
Market Restraints:
• Presence of artificial calcium in soy products will restrain the market growth
• Soy can affect the thyroid function also hinders the growth of this market
Segmentation: Global Soy Products Market
By Product
o Textured Vegetable Protein
o Soy Milk
o Soy Oil
o Tofu
o Other
By Category
o Organic
o Conventional
By Distribution Channel
o Supermarkets and Hypermarkets
o Departmental Stores
o Convenience Stores
o Online
o Other
By End- User
o Dairy Alternatives
o Meat Alternatives
o Bakery and Confectionary
o Functional Foods
o Infant Nutrition
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Sweden
o Poland
o Denmark
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Turkey
o Russia
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o South Korea
o New Zealand
o Vietnam
o Australia
o Singapore
o Malaysia
o Thailand
o Indonesia
o Philippines
o Rest of Asia-Pacific
• South America
o Brazil
o Argentina
o Rest of South America
• Middle East and Africa
o UAE
o Saudi Arabia
o Oman
o Qatar
o Kuwait
o South Africa
o Rest of Middle East and Africa
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Key Developments in the Market:
• In April 2019, Invigorate Foods announced the launch of their Genki-Ya Tofu in their range of fresh soya milk products. This new product is manufactured from the fresh soya milk. The company is also planning to launch their other soya milk products such as Fresh Soy Milk, yoghurts, flavoured soy milk and other. The main aim of the launch is to introduce fresh soya products in India
• In April 2016, Archer Daniels Company announced the launch of their new soy products which is specially designed so they can increase the fiber and protein content in meat products. The powdered ingredient of ADM is derived from the inner cell walls of soybean seed known as cotyledon. They have the ability to enhance the strength and flexibility of meat products and also help them to maintain their texture
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Competitive Analysis:
Global soy products market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of soy products market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global soy products market are Blue Diamond Growers, Dean Foods, Eden Foods Inc., House Foods America Corporation., Archer Daniels Midland Company, Miracle Soybean Food International Corp., Cargill, Incorporated., Nordic Soya Oy, Victoria Group, Hain Celestial, Adisoy Foods & Beverages Pvt Ltd, DuPont de Nemours, Inc., Solbar Ningbo Protein Technology Co., Ltd, The Scoular Company, Linyi Shansong Biological Products Co., Ltd., Vezlay Foods Pvt. Ltd, Soyaam Food, Gagar Foods Pvt. Ltd., Gauri Agrotech Products Pvt. Ltd, Vippy Industries Ltd among others.
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