iCrowdNewswire Jan 13, 2021 11:46 AM ET
Due to various health benefits associated with soy food consumption coupled with growing health concern of consumers has led to the huge demand of soy food products. Soy is a source of two types of fatty acids such as omega-3 and omega-6 fatty acids and rich in protein content which are essential for the body. Soybean has diverse application areas including soymilk, soy flour, tofu, tamari, tempeh and others which offers an excellent growth opportunity to diversify their product portfolio and launch new products. The demand for soy food products is accelerated by the factors such as changing consumer food preference and their evolving dietary pattern. Clean Label and organic are the major trends in the industry and industrial players are keen to leverage on these recent trends. With an increasing demand for specialty food including soy food, market players are keeping themselves focused on product labelling and new product launches in high growth segment.
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Major Key Players
The key players profiled in the Soy Food Market are Archer Daniels Midland Company (U.S.), Alpro (Belgium), Dean Foods Company (U.S.), China Yingxia International Inc (China), Barentz Europe B.V. (Netherlands), Eden Foods, Inc. (U.S.), CHS Inc. (U.S.), Groupe Danone (Spain), Cargill, Incorporated (U.S.)
Global Soy Food Market has been divided into type, distribution channel, category, application, and region.
On The Basis of Application: Food & Beverages (bakery and confectionary, meat products, functional Food, dairy products, and infant Food), Feed, Nutraceuticals and Others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
The U.S. registered for a higher consumption of soy food and it will be the major revenue contributor in the North American region. Furthermore, increasing demand for soy Food in convenience food category and rising awareness about the benefits of soy Food among consumers in developing countries such as India, China Japan, and Brazil are likely to boost the growth of the soy Food market during the forecast period. India, US, Brazil, China and Argentina are the major producers and exporters in the soy market.
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Keywords: Soy Food Market, Soy Food, Soy Food Industry, Global Soy Food Market, Soy Food Market Research, Soy Food Market Analysis, Soy Food Market Size, Soy Food Market Research Report, Soy Food Market Forecast, Soy Food Market Trend