Market Overview:
The global soy food market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about the health benefits of soy foods, increasing demand for plant-based proteins, and growing trend of veganism and vegetarianism. Soy additives are projected to be the fastest-growing segment in the global soy food market during the forecast period. North America is expected to dominate the global soy food market in terms of revenue during 2018–2030 owing to high consumer awareness about health benefits associated with consumption of soy foods and presence of major players in this region.
Product Definition:
A soy food is a food that contains one or more of the proteins derived from soybeans. Soy foods are consumed for their nutritional and health benefits, which include reducing the risk of heart disease, cancer, and osteoporosis.
Whole Soy Food:
Soyfoods are foods that contain soy protein, which is considered a complete protein source. Soyfoods have been used as an important food source in Asia for centuries. The main products of soy include tofu, tempeh, and miso. Tofu is made from ground up soya beans and has the texture of curdled milk; it can be baked, fried or simmered in water to make a sauce or soup.
Soy Additives:
Soy additives are the materials that are added to soybean products during processing in order to enhance certain properties such as color, flavor, texture and taste. Soy additives can be further categorized into three different groups namely natural antioxidants, anti-oxidants and conditioning agents. The most common additive used in processed foods is probably salt which enhances the food's savory flavor.
Application Insights:
The hypermarkets and supermarkets segment accounted for the largest market share of more than 40% in 2017. The application of soy products in this segment is on account of their nutritional benefits, including high protein content, which aids weight loss and improves metabolism. Moreover, increasing consumption due to growing awareness about the health benefits associated with it is expected to drive the product demand over the forecast period.
Soyfoods are widely used as an ingredient in various food specialties sold by food specialists across retail stores owing to consumer preference for novel flavors and ingredients. For instance, many specialty foods contain soy products such as tofu, tempeh and textured vegetable protein (TVP) as they provide a meat-like texture without containing any animal proteins or cholesterol. Furthermore, these foods also offer a good source of essential amino acids required by humans which makes them highly preferred among consumers looking for healthy alternatives while eating out at restaurants or snack shops.
Regional Analysis:
Asia Pacific accounted for the largest share of over 45% in 2017. The region is expected to witness significant growth in terms of revenue during the forecast period owing to increasing consumption of processed soy products, such as textured vegetable protein (TVP), miso, and tempeh. In addition, rising awareness regarding nutritional diet among consumers from China and India is projected to fuel demand for soy-based food products over the next eight years.
North America was valued at USD X million in 2017 owing to growing health concerns among consumers about their weight and health coupled with a shift towards plant-based foods by major supermarkets including Kroger Co., Safeway Inc., Whole Foods Market Inc., Albertsons Companies LLC, Ahold Delhaize USA Holdings Inc., Carrefour S.A., Metro Group Ltd.; which will drive demand for soya beans/products over the forecast period.
Growth Factors:
- Increasing awareness about the health benefits of soy foods is driving the growth of the soy food market.
- The increasing demand for plant-based proteins is also propelling the growth of the soy food market.
- The growing popularity of vegan and vegetarian diets is contributing to the expansion of the soy food market.
- Rising disposable incomes in developing countries are enabling consumers to purchase more expensive soy products, thereby boosting market growth.
- Growing concerns about obesity and other health conditions are prompting consumers to switch to healthier alternatives such as soy foods, thus driving demand for these products
Scope Of The Report
Report Attributes
Report Details
Report Title
Soy Food Market Research Report
By Type
Whole Soy Food, Soy Additives, Soy Oil
By Application
Hypermarkets and Supermarkets, Food Specialists, Convenience Stores, Online Retailers
By Companies
ADM, Cargill, WhiteWave Foods, The Hein-Celestial Group, Dean Foods, Kellogg, Pacific Foods, DowDuPont, Pinnacle, Scoular, Vitasoy, Tofurky, Blue Diamond Growers, Eden Foods, Freedom Foods Group
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Soy Food Market Report Segments:
The global Soy Food market is segmented on the basis of:
Types
Whole Soy Food, Soy Additives, Soy Oil
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
Hypermarkets and Supermarkets, Food Specialists, Convenience Stores, Online Retailers
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:
- ADM
- Cargill
- WhiteWave Foods
- The Hein-Celestial Group
- Dean Foods
- Kellogg
- Pacific Foods
- DowDuPont
- Pinnacle
- Scoular
- Vitasoy
- Tofurky
- Blue Diamond Growers
- Eden Foods
- Freedom Foods Group
Highlights of The Soy Food 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:
- Whole Soy Food
- Soy Additives
- Soy Oil
- By Application:
- Hypermarkets and Supermarkets
- Food Specialists
- Convenience Stores
- Online Retailers
- 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 Soy Food 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Soyfoods are plant-based foods that contain soybeans, which are the main source of protein and fiber. Soyfoods can be made into a variety of dishes, including tofu, tempeh, miso soup, edamame beans, and so on.
Some of the major players in the soy food market are ADM, Cargill, WhiteWave Foods, The Hein-Celestial Group, Dean Foods, Kellogg, Pacific Foods, DowDuPont, Pinnacle, Scoular, Vitasoy, Tofurky, Blue Diamond Growers, Eden Foods, Freedom Foods Group.
The soy food market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Soy Food Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Soy Food Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Soy Food Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Soy Food Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Soy Food Market Size & Forecast, 2018-2028
4.5.1 Soy Food Market Size and Y-o-Y Growth
4.5.2 Soy Food Market Absolute $ Opportunity
Chapter 5 Global Soy Food Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Soy Food Market Size Forecast by Type
5.2.1 Whole Soy Food
5.2.2 Soy Additives
5.2.3 Soy Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Soy Food Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Soy Food Market Size Forecast by Applications
6.2.1 Hypermarkets and Supermarkets
6.2.2 Food Specialists
6.2.3 Convenience Stores
6.2.4 Online Retailers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Soy Food Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Soy Food Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Soy Food Analysis and Forecast
9.1 Introduction
9.2 North America Soy Food Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Soy Food Market Size Forecast by Type
9.6.1 Whole Soy Food
9.6.2 Soy Additives
9.6.3 Soy Oil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Soy Food Market Size Forecast by Applications
9.10.1 Hypermarkets and Supermarkets
9.10.2 Food Specialists
9.10.3 Convenience Stores
9.10.4 Online Retailers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Soy Food Analysis and Forecast
10.1 Introduction
10.2 Europe Soy Food Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Soy Food Market Size Forecast by Type
10.6.1 Whole Soy Food
10.6.2 Soy Additives
10.6.3 Soy Oil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Soy Food Market Size Forecast by Applications
10.10.1 Hypermarkets and Supermarkets
10.10.2 Food Specialists
10.10.3 Convenience Stores
10.10.4 Online Retailers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Soy Food Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Soy Food Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Soy Food Market Size Forecast by Type
11.6.1 Whole Soy Food
11.6.2 Soy Additives
11.6.3 Soy Oil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Soy Food Market Size Forecast by Applications
11.10.1 Hypermarkets and Supermarkets
11.10.2 Food Specialists
11.10.3 Convenience Stores
11.10.4 Online Retailers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Soy Food Analysis and Forecast
12.1 Introduction
12.2 Latin America Soy Food Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Soy Food Market Size Forecast by Type
12.6.1 Whole Soy Food
12.6.2 Soy Additives
12.6.3 Soy Oil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Soy Food Market Size Forecast by Applications
12.10.1 Hypermarkets and Supermarkets
12.10.2 Food Specialists
12.10.3 Convenience Stores
12.10.4 Online Retailers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Soy Food Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Soy Food Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Soy Food Market Size Forecast by Type
13.6.1 Whole Soy Food
13.6.2 Soy Additives
13.6.3 Soy Oil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Soy Food Market Size Forecast by Applications
13.10.1 Hypermarkets and Supermarkets
13.10.2 Food Specialists
13.10.3 Convenience Stores
13.10.4 Online Retailers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Soy Food Market: Competitive Dashboard
14.2 Global Soy Food Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ADM
14.3.2 Cargill
14.3.3 WhiteWave Foods
14.3.4 The Hein-Celestial Group
14.3.5 Dean Foods
14.3.6 Kellogg
14.3.7 Pacific Foods
14.3.8 DowDuPont
14.3.9 Pinnacle
14.3.10 Scoular
14.3.11 Vitasoy
14.3.12 Tofurky
14.3.13 Blue Diamond Growers
14.3.14 Eden Foods
14.3.15 Freedom Foods Group
