Foods and beverages that have been fortified with soy protein are known as soy fortified products. Food and beverage makers are interested in using soybean for fortification because of its strong nutritional profile, particularly its high protein level. Soy flour, soy milk, soy yoghurt, and soy cheese are among the many fortified soy products available, which include a wide range of foods and beverages.
In recent years, the market for soy fortified products has grown at a faster rate. The Soy Fortified Products market is expected to grow at a faster rate over the forecast period. Growing demand from vegans is projected to fuel the Soy Fortified Products market. The global demand for soy fortified products is predicted to expand as the vegan and vegetarian population grows.
COVID-19 Impact analysis
While customers have been gravitating toward health-focused products for some time, the COVID-19 epidemic has given the trend a boost. Many of the world's largest meat facilities have been shut down as a result of statewide lockdowns in various nations to prevent the spread of the coronavirus. Consumers are turning to plant-based meat products as a result of the possibility for meat supply scarcity, with meat alternatives such as tofu seeing phenomenal sales in developed nations. In the midst of the pandemic, such tendencies are acting in favor of the soy food products sector.
Top Impacting Factors
Soybeans have risen to prominence as the most important protein source among plant protein-based food and beverage consumers.
Soybean's overall health benefits, such as its high fibre and protein content, as well as its mineral richness and low saturated fat content, are driving demand for fortified soy products around the world.
Soybeans are processed for soybean oil and soybean meal in around 80% of the world, while soybean meals are transformed into animal feed in about 95% of the time. Soybeans are processed to create food and beverage goods. Soy cuisine has become more popular due to its health benefits, which include high protein and fibre content as well as the entire lack of cholesterol. Soy products are sold in the market as fermented or non-fermented entire soy food products, soy as food additives or ingredients, and soy oil. Traditional soy products such as soy milk and tofu are now widely available in supermarkets around the world.
In the worldwide soy food market, Asia-Pacific is the most dominant region, followed by North America and Europe. The fastest expanding geographies in the soy food products market are Asia-Pacific and Latin America, according to estimates. The largest and fastest-growing market segment is whole soy food. The worldwide soy food products market is being driven by rising awareness about weight health and an increase in the elderly population.
Key Benefits of the Report
This study presents the analytical depiction of the SOY FOOD PRODUCTS MARKET industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the SOY FOOD PRODUCTS MARKET share.
The current market is quantitatively analyzed to highlight the SOY FOOD PRODUCTS MARKET growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed SOY FOOD PRODUCTS MARKET analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Report
Who are the leading market players active in the ‘SOY FOOD PRODUCTS MARKET’?
What current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
What is “SOY FOOD PRODUCTS MARKET” prediction in the future?
Which will be the niches at which players profiling with recent advancements should set a presence?
What are the driving factors and opportunities in the market?
What are the current trends and predicted trends?
What are the challenges faced in the "SOY FOOD PRODUCTS MARKET"?
Soy Food Products Market Report Highlights
By Distribution Channels
Key Market Players
Natura Foods, Dream, The Hershey Company, Bunge Milling Inc., F&N Nutrisoy, Cereal Food Processors, Inc., Silk, Staeta, Prestige Group, LHF India, ADM Milling Company, ConAgra Mills, Alpro, 8th Continent, Vitasoy, North American Millers’ Association, Bartlett Milling Company, Barilla America, Inc.