Connect with us

Hi, what are you looking for?

Soy Food Products Market is expected to reach the value of 52.4 billion USD by the end of 2027.

Soy Food Products Market Value and Growth:

The Soy Food Products Market Size was estimated to be worth USD 41.7 billion in 2021. Based on several growth variables, the market is expected to be worth over 52.4 billion USD by the end of 2027, with a CAGR of 5.5 percent.

Soy foods are extracted and processed food products made from soybeans, which have a tremendously high protein content. It contains a lot of essential amino acids, important for body tissue development and it serves as a cost effective nutrition supplement, it has a good amount of fiber and omega 3 and omega 6 fatty acids. Tofu, tamari, tempeh, soy flour, and soymilk are just a few of the foods that may be made from soy products. Another benefit is that it is cholesterol-free and has a low saturated fat content. A few soy-based products, like tofu can be used as a substitute for cottage cheese. Soy is used in a variety of items, such baked goods, pasta, cereals, and meat. These benefits increases the Soy Food Products Market share in the upcoming years. Soy’s low-cost health benefits attract customers and will be a primary driving force in the market. The key driver of the soy industry is rising health consciousness among consumers, as soy contains less calories and provides a variety of health advantages. Individuals’ increasing lactose sensitivity encourages them to prefer soy products rather than milk and its products, which is a secondary driver. Lactose intolerance is most common in Europe, Africa, Asia, and the United States.

Adding various flavours to soy products increases their attractiveness and demand among customers. Another reason for soy’s popularity is its low cost: soy products are much less expensive than milk products. This draws more customers to the merchandise. The deficiency of calcium is one of the primary restrictions on the soy market. Artificial calcium has been added to these items, which has a lower nutritional value.

Soy Food Products Market Segmentation Analysis:

The global soy food products market segmentation include:

By Type:

  • Fermented
  • Non-Fermented
  • Soy Additives
  • Soy Oils
  • Others

Soy oils account for the largest Soy Food Products Market share. Over the predicted period, fermentation is projected to become the most promising sector. This market segment’s demand is expected to be fueled by increased demand for downstream applications.

By Application:

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

Soy is more commonly used in items such as dairy and meat substitutes. The Soy Food Products market growth is predicted to grow due to the associated health benefits provided at a reasonable cost. Over the predicted period, Soy Food Products Market growth in the functional foods sector is also expected.

Browse Full Report:

https://www.marketdataforecast.com/market-reports/global-soy-food-products-market

Soy Food Products Market Regional Analysis:

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)

In terms of market share, the Asia Pacific is the region with the most market share, followed by Europe and North America. Japan, China, India, Australia, and New Zealand, Germany, France, the United Kingdom, Italy, Spain, the United States, Canada, Brazil, Argentina, and Mexico are all major countries in these regions. India, China, and Japan have the largest market share of global soy food products in Asia Pacific.

Latin America is expected to be the fastest-growing geographies in the soy food products market. The largest and fastest-growing market category is whole soy food products.

Request Sample: https://www.marketdataforecast.com/market-reports/global-soy-food-products-market/request-sample

Latest Industry Developments:

In 2018, In the United States, Hershey’s introduced a soy milk beverage. The corporation is concentrating on diversifying its portfolio.

In 2019, “Genki-Ya Tofu,” a new product from Invigorate Foods, is created with fresh soy milk extracts. Other soy-based items to be released include Genki-ya Silken Tofu, Genki-ya Firm Tofu, Genki-ya ExtraFirm Tofu, Fresh Soy Milk, Flavored Soy Milk, yoghurts, and doughnuts, according to the business.

About Us:

Market Data Forecast is a firm working in market research, business intelligence, and consulting. We have rich research and consulting experience for various business domains to cater to individual and corporate clients’ needs.

Contact Us:

Market Data Forecast

Phone: +1-888-702-9626

Email:  contact@marketdataforecast.com

 

 

Written By

You may also like:

World

Calling for urgent action is the international medical humanitarian organization Doctors Without Borders/Médecins Sans Frontières (MSF)

World

Immigration is a symptom of a much deeper worldwide problem.

Business

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas - Copyright AFP Mark FelixPointing to the still...

Business

A recent article in the Wall Street Journal infers that some workers might be falling out of the job market altogether.