The global soy food market size reached US$ 49.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 72.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2023-2032.
Soybean is a type of legume, native to East Asia, which is low in saturated fats but high in protein, vitamin C and folate. It is a good source of iron, fiber, calcium, magnesium, potassium, phosphorus and omega-3 fatty acids. As a result of its nutrient content, it offers various health benefits such as lowering the blood cholesterol level, increasing bone density and minimizing the risk of developing cancer. It is widely used as an alternative of meat in several dishes and is added in various vegan-friendly food products. The rising demand for plant-based foods is strengthening the growth of the soy food market across the globe.
Soybean is used for preparing numerous products including soymilk, soy flour, tofu, tamari, tempeh, edamame, miso, natto and teriyaki. Currently, the demand for tofu is rising around the world, especially among the vegan and vegetarian population. It is an excellent substitute for cheese, which can be consumed by lactose intolerant consumers. The growing sales of tofu can also be accredited to its resemblance to meat in its form, color, taste and texture. Apart from this, other soy food products such as snacks and beverages are also experiencing steady growth in their demand worldwide on account of the growing health awareness among consumers. Further, manufacturers are investing in research and development activities to introduce new variants of soy food products to expand their product portfolio and attract new consumers.
Soy Milk
Soy Oil
Tofu
Others
Conventional
Departmental Stores
Convenience Stores
Online
Others
Meat Alternatives
Bakery and Confectionary
Functional Foods
Infant Nutrition
Others
North America
Europe
Middle East and Africa
Latin America
2. What is the expected growth rate of the global soy food market during 2024-2032?
3. What are the key factors driving the global soy food market?
4. What has been the impact of COVID-19 on the global soy food market?
5. What is the breakup of the global soy food market based on the product type?
6. What is the breakup of the global soy food market based on the category?
7. What is the breakup of the global soy food market based on the distribution channel?
8. What is the breakup of the global soy food market based on the end-use?
9. What are the key regions in the global soy food market?
10. Who are the key players/companies in the global soy food market?
Soybean is a type of legume, native to East Asia, which is low in saturated fats but high in protein, vitamin C and folate. It is a good source of iron, fiber, calcium, magnesium, potassium, phosphorus and omega-3 fatty acids. As a result of its nutrient content, it offers various health benefits such as lowering the blood cholesterol level, increasing bone density and minimizing the risk of developing cancer. It is widely used as an alternative of meat in several dishes and is added in various vegan-friendly food products. The rising demand for plant-based foods is strengthening the growth of the soy food market across the globe.
Soybean is used for preparing numerous products including soymilk, soy flour, tofu, tamari, tempeh, edamame, miso, natto and teriyaki. Currently, the demand for tofu is rising around the world, especially among the vegan and vegetarian population. It is an excellent substitute for cheese, which can be consumed by lactose intolerant consumers. The growing sales of tofu can also be accredited to its resemblance to meat in its form, color, taste and texture. Apart from this, other soy food products such as snacks and beverages are also experiencing steady growth in their demand worldwide on account of the growing health awareness among consumers. Further, manufacturers are investing in research and development activities to introduce new variants of soy food products to expand their product portfolio and attract new consumers.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global soy food market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type, category, distribution channel and end-use.Breakup by Product Type:
Textured Vegetable Protein (TVP)Soy Milk
Soy Oil
Tofu
Others
Breakup by Category:
OrganicConventional
Breakup by Distribution Channel:
Supermarkets and HypermarketsDepartmental Stores
Convenience Stores
Online
Others
Breakup by End-Use:
Dairy AlternativesMeat Alternatives
Bakery and Confectionary
Functional Foods
Infant Nutrition
Others
Breakup by Region:
Asia PacificNorth America
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players Blue Diamond Growers, Dean Foods, Earth's Own Food Company, Eden Foods, Freedom Foods Group, Harvest Innovations, House Foods America Holding, Archer Daniels Midland, Miracle Soybean Food International Corp, Cargill, Nordic Soya Oy, Victoria Group, Hain Celestial, Adisoy Foods & Beverages Pvt. Ltd., etc.Key Questions Answered in This Report
1. What was the size of the global soy food market in 2023?2. What is the expected growth rate of the global soy food market during 2024-2032?
3. What are the key factors driving the global soy food market?
4. What has been the impact of COVID-19 on the global soy food market?
5. What is the breakup of the global soy food market based on the product type?
6. What is the breakup of the global soy food market based on the category?
7. What is the breakup of the global soy food market based on the distribution channel?
8. What is the breakup of the global soy food market based on the end-use?
9. What are the key regions in the global soy food market?
10. Who are the key players/companies in the global soy food market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 Global Soy Food Market
6 Market Breakup by Product Type
7 Market Breakup by Category
8 Market Breakup by Distribution Channel
9 Market Breakup by End-Use
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Blue Diamond Growers
- Dean Foods
- Earth's Own Food Company
- Eden Foods
- Freedom Foods Group
- Harvest Innovations
- House Foods America Holding
- Archer Daniels Midland
- Miracle Soybean Food International Corp
- Cargill
- Nordic Soya Oy
- Victoria Group
- Hain Celestial
- Adisoy Foods & Beverages Pvt. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | July 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 49.4 Billion |
| Forecasted Market Value ( USD | $ 72.2 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
