Allied Market Research

2024

Soy-based Dessert Market

Soy-Based Dessert Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Cakes and Pastries, Ice Cream, Pudding, Others), by Distribution Channel (Hypermarket and supermarket, Convenience Stores, Online Retailers) : Global Opportunity Analysis and Industry Forecast, 2022-2032

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Author's: | Roshan Deshmukh
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Soy-based dessert is a common and developing food preparation trend, providing an array of delicious choices for those seeking free of dairy as well as alternatives made from plants. This confection is created with soy milk as well as soy-based ingredients, leading to in a seamless, silky appearance similar to conventional dairy-based desserts. People with particular dietary requirements or tastes, including vegetarians as well as lactose-intolerant individuals, in addition to those looking for healthier dessert options, tend to gravitate to soy-based desserts.
The increasing knowledge and emphasis on health and good well-being has driven up the appeal of soy-based desserts. These desserts are frequently regarded as more nutritious alternatives to conventional dairy-based desserts because they are low in cholesterol as well as saturated fat and high within plant proteins, fibers, and other vital nutrients. Interest among consumers in soy-based desserts has increased in tandem to the increasing acceptance of vegan and plant-based diets. These sweets provide a cruelty-free and viable option for consumers who prefer to avoid animal-derived ingredients while continuing to satisfy their sweet tooth.
Desserts made from soy are an item option for people who have dairy allergies as well as lactose intolerance. Soy-based desserts are gaining popularity as a secure and enjoyable dessert possibility due to the prevalence of intolerance to lactose and a desire for allergen-friendly options. Manufacturers are currently releasing a variety of soy-based dessert options, including different flavors, textures, as well as formats. Consumers have become drawn to developments such as soy-based ice creams, yoghurts, and desserts with various ingredients and toppings, which provide them with a diverse and compliant dessert experience.
Soy-based desserts have origins in many traditions, including soy-based custards in Asian cuisines. The increasing recognition of Asian cuisine and the internationalisation of food trends have led to a greater acceptance and use of soy-based desserts in different parts of the global. Marketing campaigns as well as consumer education efforts have played an important part in driving consumer interest in soy-based desserts. Promoting the health advantages, nutrient content, as well as taste of these desserts has helped to raise consciousness and draw in consumers looking for healthier along with alternative dessert options.
 
New product launches to flourish in the market
Häagen-Dazs launched soy-based ice creams in March 2022, catering to consumers seeking dairy-free and plant-based dessert options. The soy-based ice creams are available in various flavors, providing a creamy and indulgent experience without compromising on taste. Silk introduced soy-based yogurts in September 2022, offering a smooth and creamy texture packed with essential nutrients and probiotics.
 
Segment Overview: 
By product type: The soy-based dessert market is divided into cakes & pastries, ice cream, pudding, and others. These categories offer a diverse range of soy-based dessert options to cater to different consumer preferences. Cakes and pastries provide indulgent and flavorful treats, while ice cream offers a creamy and refreshing dessert experience. Puddings provide a smooth and silky texture, and the "others" category includes additional soy-based dessert varieties such as mousses, custards, and tarts, expanding the options available to consumers.
 
By distribution channel: The soy-based dessert market is divided into hypermarket & supermarket, convenience stores, and online retailers. Hypermarkets and supermarkets provide a wide range of soy-based dessert options under one roof, making it convenient for consumers to purchase these products during their regular shopping trips. Convenience stores offer quick and easy access to soy-based desserts for on-the-go consumers. Online retailers provide the convenience of browsing and purchasing soy-based desserts from the comfort of one's home, with doorstep delivery options.
 
By region: The Asia-Pacific (APAC) region plays a significant role in the soy-based dessert market. With a large population and diverse culinary preferences, APAC countries have embraced soy-based desserts as a popular and traditional choice. The region's rich cultural heritage, where soy-based products are extensively ingested, has resulted in an ideal setting for market growth. In addition, in APAC, increasing health awareness and interest in plant-based alternatives have boosted the appeal of soy-based desserts. The countries of China, Japan, South Korea, and Thailand are among the biggest contributors, with an extensive selection of soy-based dessert offerings.
 
Competitive analysis and profiles of the major players in the soy-based dessert market, such as AFC soy foods, Alpro, Archer Daniel Midland Company, Danone, Gluten Intolerance Group, Hain Celestial Group, Inc., Kerry, Now Foods, The Hershey Company, and Turtle Mountain. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of this market. 

Soy-Based Dessert Market Report Highlights

Aspects Details
Soy-Based Dessert Market By Product Type
By Product Type
  • Cakes and Pastries
  • Ice Cream
  • Pudding
  • Others
Soy-Based Dessert Market By Distribution Channel
By Distribution Channel
  • Hypermarket and supermarket
  • Convenience Stores
  • Online Retailers
Soy-Based Dessert Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

Turtle Mountain, Archer Daniel Midland Company, Kerry, AFC soy foods, HAIN CELESTIAL GROUP, INC., Now Foods, Gluten Intolerance Group, The Hershey Company, Alpro, Danone

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Soy-based Dessert Market

Global Opportunity Analysis and Industry Forecast, 2022-2032