Market Overview:
The global soy fortified products market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The soy fortified products market is segmented on the basis of type, application, and region. On the basis of type, the soy fortified products market is segmented into soy milk, tofu, tempeh, cereal blends, bulgur wheat and cornmeal. Soy milk dominates the global soy fortified products market in terms of value and volume share in 2017. The demand for plant-based protein foods has been increasing over time owing to their health benefits such as reducing cholesterol levels and improving heart health among others which is driving the growth of this segment. On the basis of application, household consumption accounts for majority share in terms of value and volume followed by bakery products & snacks sector globally in 2017. Asia Pacific accounted for majority share (in terms of revenue) in 2017 due to high demand from countries such as China and Japan among others followed by Europe .
Product Definition:
A soy fortified product is a food that has been enriched with soy protein. Soy protein is a high-quality, complete protein that contains all of the essential amino acids. It is also low in fat and cholesterol-free. Adding soy to foods can help to improve their nutritional quality.
Soy Milk:
Soy milk is a beverage made from soybeans. It has become very popular in the recent past owing to its nutritional benefits and health claims. Soy milk is considered as one of the best plant-based sources of protein, which makes it an attractive option for vegan consumers all over the world.
Soy Tofu:
Soy tofu is a food product made from soy curd and it is used in various foods and beverages. Soy tofu has numerous health benefits such as it helps to reduce the risk of heart disease, lower blood cholesterol levels, manage diabetes, prevent cancer & improve bone strength among others. The growing awareness about these advantages among consumers has been driving the demand for soy-based products like tofu over the world.
Application Insights:
Household consumption accounted for the largest share of more than 50% in 2017. Soy products are a rich source of proteins, vitamins, minerals and fibers which makes it an ideal food for vegetarians and people who are allergic to milk and eggs. Growing demand from health-conscious consumers is expected to be a key factor driving the market over the forecast period.
The growing importance of soy products as functional foods with high nutritional value is expected to drive their application in various food & beverage applications including infant nutrition, dietary supplements, cereals & bakery products, meat analogues and sauces & soups among others. The increasing popularity of these foods as healthy options across all age groups especially in North America is likely to fuel product demand over the forecast period.
Regional Analysis:
Asia Pacific accounted for the largest share of more than 45.0% in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to rising awareness about soy-based products, increasing population, and growing demand for fortified foods among consumers in this region.
The market in North America is expected to grow at a considerable rate owing to high consumption of soymilk and other fortified beverages coupled with rising consumer awareness about nutritional enrichment products derived from soybean such as textured vegetable protein (TVP). The U.S., being one of the major producers of TVP, has a strong position in this regional market space which will further boost its growth over the forecast period.
Growth Factors:
- Increasing awareness about the health benefits of soy fortified products is expected to drive the market growth.
- Rising demand for healthy and nutritious food products is another key factor that would fuel the soy fortified products market growth in the near future.
- Growing inclination of consumers towards veganism and vegetarianism is anticipated to create lucrative opportunities for soy fortified product manufacturers in the coming years.
- Rapid urbanization coupled with changing lifestyle trends is projected to boost demand for soy fortified foods over the forecast period.
- The increasing number of working women has led to a rise in demand for convenient breakfast options, which will further propel market growth of soy fortified products during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Soy Fortified Products Market Research Report
By Type
Soy Milk, Soy Tofu, Soy Tempeh, Soy Cereal Blends, Soy-Fortified Bulgur, Soy-Fortified Cornmeal
By Application
Household Consumption, Bakery Products, Sauces And Soups, Meat Products, Functional Foods, Dairy Products, Other
By Companies
Alpro, Natura Foods, Prestige Group, Staeta, LHF India, Vitasoy, Hershey, F&N Nutrisoy, ADM Milling, Bunge Milling, Barilla America, Bartlett Milling, ConAgra Mills, Cereal Food Processors, King Milling, Knappen Milling, Bangladesh Edible Oil, Jiffy Mixes
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Soy Fortified Products Market Report Segments:
The global Soy Fortified Products market is segmented on the basis of:
Types
Soy Milk, Soy Tofu, Soy Tempeh, Soy Cereal Blends, Soy-Fortified Bulgur, Soy-Fortified Cornmeal
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
Household Consumption, Bakery Products, Sauces And Soups, Meat Products, Functional Foods, Dairy Products, Other
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:
- Alpro
- Natura Foods
- Prestige Group
- Staeta
- LHF India
- Vitasoy
- Hershey
- F&N Nutrisoy
- ADM Milling
- Bunge Milling
- Barilla America
- Bartlett Milling
- ConAgra Mills
- Cereal Food Processors
- King Milling
- Knappen Milling
- Bangladesh Edible Oil
- Jiffy Mixes
Highlights of The Soy Fortified Products 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:
- Soy Milk
- Soy Tofu
- Soy Tempeh
- Soy Cereal Blends
- Soy-Fortified Bulgur
- Soy-Fortified Cornmeal
- By Application:
- Household Consumption
- Bakery Products
- Sauces And Soups
- Meat Products
- Functional Foods
- Dairy Products
- Other
- 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 Fortified Products 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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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?
Soy fortified products are foods or beverages that have been supplemented with soy protein. Soy fortification can improve the nutrient profile of a food or beverage by adding more soy proteins to the product.
Some of the key players operating in the soy fortified products market are Alpro, Natura Foods, Prestige Group, Staeta, LHF India, Vitasoy, Hershey, F&N Nutrisoy, ADM Milling, Bunge Milling, Barilla America, Bartlett Milling, ConAgra Mills, Cereal Food Processors, King Milling, Knappen Milling, Bangladesh Edible Oil, Jiffy Mixes.
The soy fortified products market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soy Fortified Products 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. Soy Fortified Products Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soy Fortified Products Market - Supply Chain
4.5. Global Soy Fortified Products Market Forecast
4.5.1. Soy Fortified Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soy Fortified Products Market Size (000 Units) and Y-o-Y Growth
4.5.3. Soy Fortified Products Market Absolute $ Opportunity
5. Global Soy Fortified Products 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. Soy Fortified Products Market Size and Volume Forecast by Type
5.3.1. Soy Milk
5.3.2. Soy Tofu
5.3.3. Soy Tempeh
5.3.4. Soy Cereal Blends
5.3.5. Soy-Fortified Bulgur
5.3.6. Soy-Fortified Cornmeal
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Soy Fortified Products 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. Soy Fortified Products Market Size and Volume Forecast by Application
6.3.1. Household Consumption
6.3.2. Bakery Products
6.3.3. Sauces And Soups
6.3.4. Meat Products
6.3.5. Functional Foods
6.3.6. Dairy Products
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Soy Fortified Products 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. Soy Fortified Products 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 Soy Fortified Products 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. Soy Fortified Products 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 Soy Fortified Products Demand Share Forecast, 2019-2026
9. North America Soy Fortified Products 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 Soy Fortified Products 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 Soy Fortified Products Market Size and Volume Forecast by Application
9.4.1. Household Consumption
9.4.2. Bakery Products
9.4.3. Sauces And Soups
9.4.4. Meat Products
9.4.5. Functional Foods
9.4.6. Dairy Products
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Soy Fortified Products Market Size and Volume Forecast by Type
9.7.1. Soy Milk
9.7.2. Soy Tofu
9.7.3. Soy Tempeh
9.7.4. Soy Cereal Blends
9.7.5. Soy-Fortified Bulgur
9.7.6. Soy-Fortified Cornmeal
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 Soy Fortified Products Demand Share Forecast, 2019-2026
10. Latin America Soy Fortified Products 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 Soy Fortified Products 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 Soy Fortified Products Market Size and Volume Forecast by Application
10.4.1. Household Consumption
10.4.2. Bakery Products
10.4.3. Sauces And Soups
10.4.4. Meat Products
10.4.5. Functional Foods
10.4.6. Dairy Products
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Soy Fortified Products Market Size and Volume Forecast by Type
10.7.1. Soy Milk
10.7.2. Soy Tofu
10.7.3. Soy Tempeh
10.7.4. Soy Cereal Blends
10.7.5. Soy-Fortified Bulgur
10.7.6. Soy-Fortified Cornmeal
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 Soy Fortified Products Demand Share Forecast, 2019-2026
11. Europe Soy Fortified Products 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 Soy Fortified Products 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 Soy Fortified Products Market Size and Volume Forecast by Application
11.4.1. Household Consumption
11.4.2. Bakery Products
11.4.3. Sauces And Soups
11.4.4. Meat Products
11.4.5. Functional Foods
11.4.6. Dairy Products
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Soy Fortified Products Market Size and Volume Forecast by Type
11.7.1. Soy Milk
11.7.2. Sy Tofu
11.7.3. Soy Tempeh
11.7.4. Soy Cereal Blends
11.7.5. Soy-Fortified Bulgur
11.7.6. Soy-Fortified Cornmeal
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 Soy Fortified Products Demand Share, 2019-2026
12. Asia Pacific Soy Fortified Products 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 Soy Fortified Products 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 Soy Fortified Products Market Size and Volume Forecast by Application
12.4.1. Household Consumption
12.4.2. Bakery Products
12.4.3. Sauces And Soups
12.4.4. Meat Products
12.4.5. Functional Foods
12.4.6. Dairy Products
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Soy Fortified Products Market Size and Volume Forecast by Type
12.7.1. Soy Milk
12.7.2. Soy Tofu
12.7.3. Soy Tempeh
12.7.4. Soy Cereal Blends
12.7.5. Soy-Fortified Bulgur
12.7.6. Soy-Fortified Cornmeal
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 Soy Fortified Products Demand Share, 2019-2026
13. Middle East & Africa Soy Fortified Products 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 Soy Fortified Products 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 Soy Fortified Products Market Size and Volume Forecast by Application
13.4.1. Household Consumption
13.4.2. Bakery Products
13.4.3. Sauces And Soups
13.4.4. Meat Products
13.4.5. Functional Foods
13.4.6. Dairy Products
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Soy Fortified Products Market Size and Volume Forecast by Type
13.7.1. Soy Milk
13.7.2. Soy Tofu
13.7.3. Soy Tempeh
13.7.4. Soy Cereal Blends
13.7.5. Soy-Fortified Bulgur
13.7.6. Soy-Fortified Cornmeal
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 Soy Fortified Products Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Soy Fortified Products Market: Market Share Analysis
14.2. Soy Fortified Products Distributors and Customers
14.3. Soy Fortified Products Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alpro
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Natura Foods
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Prestige Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Staeta
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LHF India
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Vitasoy
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hershey
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. F&N Nutrisoy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ADM Milling
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bunge Milling
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Barilla America
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bartlett Milling
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ConAgra Mills
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Cereal Food Processors
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. King Milling
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Knappen Milling
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Bangladesh Edible Oil
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Jiffy Mixes
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
