Market Overview:
The global extruded soy product market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for plant-based meat alternatives and rising awareness about the health benefits of soy products. The extruded soy product market is segmented on the basis of type, application, and region. On the basis of type, fried tofu, soy chicken, soy curd stick, and others are included in this study. Soy chicken held a major share in 2017 owing to its high demand as a meat alternative across various regions. On the basis of application, supermarket accounted for a major share in 2017 due to rising consumer inclination towards ready-to-eat food products.
Product Definition:
Extruded soy product is a food that is made from soybeans. It is important because it is a good source of protein, vitamins, and minerals.
Fried Tofu:
Fried tofu is a food product made from soy curd and it is deep-fried in oil. It has high protein content and low fat content. The major factor that differentiates fried tofu from regular tofu is the method of preparation.
Soy Chicken:
Soy chicken is a by-product of the soybean industry and has been used as a meat substitute in extruded soymilk, tofu, tempeh, and other soy products. Soy chicken is usually made from soybeans that are extracted during the processing of soya beans. The extraction process leaves behind a residue which can be further processed to manufacture various food & beverage products such as breadcrumbs or flour.
Application Insights:
Supermarket was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The product is widely used in manufacturing ready-to-eat meals, snacks, desserts, dairy products and frozen foods. It is also used as an ingredient in other food products such as nutritional supplements and pharmaceuticals.
The growing e-commerce industry has led to a significant increase in online retailing of food & beverages which has positively impacted market growth across regions. Online stores are increasingly using extruded soy products owing to their health benefits coupled with ease of use compared to other ingredients commonly found in online store food & beverage offerings such as meat analogs or vegan alternatives. Other applications include industrial purposes (such as tofu skin) or nonfood applications (such as textiles).
Regional Analysis:
Asia Pacific was the largest market, accounting for more than 45% of global revenue in 2017. The region is expected to continue its dominance over the forecast period owing to high consumption of meat alternatives and increasing health consciousness among consumers. China is one of the largest markets for extruded soy products as it has been witnessing rapid urbanization and changing dietary preferences among consumers.
North America also held a significant share in terms of revenue, with U.S., being one of the major countries contributing significantly towards industry growth in this region due to growing vegan population along with rising concerns about animal cruelty associated with meat production processes.
Growth Factors:
- Increasing demand for plant-based meat alternatives: The global market for plant-based meat alternatives is projected to grow at a CAGR of more than 15% from 2019 to 2025, according to a recent study by MarketsandMarkets. This growth is being driven by the increasing awareness of the health and environmental benefits of plant-based foods, as well as the rising number of flexitarians and vegetarians worldwide.
- Growing demand for healthy snacks: According to a 2018 study by Nielsen, nearly two-thirds (64%) of global consumers say they are willing to pay more for healthier snacks. As people become increasingly concerned about their health and wellbeing, they are looking for snack options that offer nutritional value as well as convenience and taste. Extruded soy products fit this bill perfectly, making them an attractive choice for today’s health-conscious consumers.
- Rising popularity of veganism: Veganism is on the rise around the world, with an estimated 3 million people in Britain now following a vegan diet – up from just 150,000 in 2006! This growing trend has led to increased demand not just for plant-based meat alternatives but also other vegan products such as cheese replacements and ice cream substitutes made from soybeans or other legumes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Extruded Soy Product Market Research Report
By Type
Fried Tofu, Soy Chicken, Soy Curd Stick, Others
By Application
Supermarket, Convenience Store, Online Store, Others
By Companies
Roquette Freres, CHS, ADM, Cargill, MGP Ingredients, Sonic Biochem, BENEO, Crown Soya Protein Group, SHANDONG YUXIN BIO-TECH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Extruded Soy Product Market Report Segments:
The global Extruded Soy Product market is segmented on the basis of:
Types
Fried Tofu, Soy Chicken, Soy Curd Stick, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket, Convenience Store, Online Store, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Roquette Freres
- CHS
- ADM
- Cargill
- MGP Ingredients
- Sonic Biochem
- BENEO
- Crown Soya Protein Group
- SHANDONG YUXIN BIO-TECH
Highlights of The Extruded Soy Product Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fried Tofu
- Soy Chicken
- Soy Curd Stick
- Others
- By Application:
- Supermarket
- Convenience Store
- Online Store
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Extruded Soy Product Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Extruded soy product is a type of processed soybean that has been heated and forced through a machine to create a long, thin strand. Extruded soy products are often used in foods like tofu, tempeh, and veggie burgers.
Some of the major players in the extruded soy product market are Roquette Freres, CHS, ADM, Cargill, MGP Ingredients, Sonic Biochem, BENEO, Crown Soya Protein Group, SHANDONG YUXIN BIO-TECH.
The extruded soy product market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Extruded Soy Product Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Extruded Soy Product Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Extruded Soy Product Market - Supply Chain
4.5. Global Extruded Soy Product Market Forecast
4.5.1. Extruded Soy Product Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Extruded Soy Product Market Size (000 Units) and Y-o-Y Growth
4.5.3. Extruded Soy Product Market Absolute $ Opportunity
5. Global Extruded Soy Product Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Extruded Soy Product Market Size and Volume Forecast by Type
5.3.1. Fried Tofu
5.3.2. Soy Chicken
5.3.3. Soy Curd Stick
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Extruded Soy Product Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Extruded Soy Product Market Size and Volume Forecast by Application
6.3.1. Supermarket
6.3.2. Convenience Store
6.3.3. Online Store
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Extruded Soy Product Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Extruded Soy Product Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Extruded Soy Product Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Extruded Soy Product Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Extruded Soy Product Demand Share Forecast, 2019-2026
9. North America Extruded Soy Product Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Extruded Soy Product Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Extruded Soy Product Market Size and Volume Forecast by Application
9.4.1. Supermarket
9.4.2. Convenience Store
9.4.3. Online Store
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Extruded Soy Product Market Size and Volume Forecast by Type
9.7.1. Fried Tofu
9.7.2. Soy Chicken
9.7.3. Soy Curd Stick
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Extruded Soy Product Demand Share Forecast, 2019-2026
10. Latin America Extruded Soy Product Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Extruded Soy Product Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Extruded Soy Product Market Size and Volume Forecast by Application
10.4.1. Supermarket
10.4.2. Convenience Store
10.4.3. Online Store
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Extruded Soy Product Market Size and Volume Forecast by Type
10.7.1. Fried Tofu
10.7.2. Soy Chicken
10.7.3. Soy Curd Stick
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Extruded Soy Product Demand Share Forecast, 2019-2026
11. Europe Extruded Soy Product Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Extruded Soy Product Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Extruded Soy Product Market Size and Volume Forecast by Application
11.4.1. Supermarket
11.4.2. Convenience Store
11.4.3. Online Store
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Extruded Soy Product Market Size and Volume Forecast by Type
11.7.1. Fried Tofu
11.7.2. Soy Chicken
11.7.3. Soy Curd Stick
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Extruded Soy Product Demand Share, 2019-2026
12. Asia Pacific Extruded Soy Product Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Extruded Soy Product Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Extruded Soy Product Market Size and Volume Forecast by Application
12.4.1. Supermarket
12.4.2. Convenience Store
12.4.3. Online Store
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Extruded Soy Product Market Size and Volume Forecast by Type
12.7.1. Fried Tofu
12.7.2. Soy Chicken
12.7.3. Soy Curd Stick
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Extruded Soy Product Demand Share, 2019-2026
13. Middle East & Africa Extruded Soy Product Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Extruded Soy Product Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Extruded Soy Product Market Size and Volume Forecast by Application
13.4.1. Supermarket
13.4.2. Convenience Store
13.4.3. Online Store
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Extruded Soy Product Market Size and Volume Forecast by Type
13.7.1. Fried Tofu
13.7.2. Soy Chicken
13.7.3. Soy Curd Stick
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Extruded Soy Product Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Extruded Soy Product Market: Market Share Analysis
14.2. Extruded Soy Product Distributors and Customers
14.3. Extruded Soy Product Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Roquette Freres
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CHS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ADM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cargill
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MGP Ingredients
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sonic Biochem
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BENEO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Crown Soya Protein Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SHANDONG YUXIN BIO-TECH
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
