Quick Summary:
Stepping into the promising world of the Global Soy Foods Market, projected to reach a revised size of US$65.4 Billion by 2030, positions your business at the heart of a rapidly growing industry. With the increasing consumer shift towards plant-based diets for both health and environmental reasons, the demand for soy products continues to accelerate. Our comprehensive report explores the market dynamics, providing in-depth analysis that enables you to make informed and strategic decisions.
This incisive report not only covers the thriving U.S. Market, projected at $12.1 Billion in 2022, but also illuminates the burgeoning markets of China, Japan, and Canada. Anticipated trends in the Asia-Pacific region are also explored, preparing your enterprise for the opportunities to be reaped in markets predicted to reach US$8.9 Billion by 2030. Leverage our detailed data on key competitors and get a leap ahead in global competitiveness, ensuring you're at the forefront of the global soy foods market.
Global Soy Foods Market to Reach $65.4 Billion by 2030
The global market for Soy Foods estimated at US$44.2 Billion in the year 2022, is projected to reach a revised size of US$65.4 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Milk, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$34.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Oil segment is readjusted to a revised 4.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 8.5% CAGR
The Soy Foods market in the U.S. is estimated at US$12.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$14.3 Billion by the year 2030 trailing a CAGR of 8.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.9 Billion by the year 2030.Select Competitors (Total 138 Featured) -
- Adisoy Foods & Beverages Pvt. Ltd.
- Archer Daniels Midland Company
- Caramuru Group
- Cargill, Inc.
- Eden Foods, Inc.
- Miracle Soybean Food International Corporation
- Nordic Soya Oy
- Northern Soy
- The Hain Celestial Group, Inc.
- Victoria Group A.D.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Soy Foods?
What is the growth rate of the Global Market for Soy Foods?
What is the forecasted size of the Global Market for Soy Foods?
Who are the key companies in the Global Market for Soy Foods?
| Report Attribute | Details |
|---|---|
| No. of Pages | 233 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 44.2 Billion |
| Forecasted Market Value ( USD | $ 65.4 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Adisoy Foods & Beverages Pvt. Ltd.
- Archer Daniels Midland Company
- Caramuru Group
- Cargill, Inc.
- Eden Foods, Inc.
- Miracle Soybean Food International Corporation
- Nordic Soya Oy
- Northern Soy
- The Hain Celestial Group, Inc.
- Victoria Group A.D.
