Soy Food Market Research Report - Forecast till 2027

Soy Food Market Research Report: By Type (Textured Vegetable Protein (TVP), Soymilk, Soy Oil, Tofu, and Others), Category (Organic and Conventional), Distribution Channel (Store-Based and Non-Store-Based), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2027

ID: MRFR/F-B & N/1953-HCR | August 2022 | Region: Global | 90 Pages         

TABLE OF CONTENTS

1. 1 EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Soy Food Market, by Type

1.1.2. Global Soy Food Market, by Category

1.1.3. Global Soy Food Market, by Distribution Channel

1.1.4. Global Soy Food Market, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Macro Factor Indicator Analysis

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

5. MARKET FACTOR ANALYSIS

5.1. Value Chain Analysis

5.2. Supply Chain Analysis

5.3. Porter’s Five Forces Model

5.3.1. Bargaining Power of Suppliers

5.3.2. Bargaining Power of Buyers

5.3.3. Threat of New Entrants

5.3.4. Threat of Substitutes

5.3.5. Intensity of Rivalry

6. GLOBAL SOY FOOD MARKET, BY TYPE

6.1. Introduction

6.2. Textured Vegetable Protein (TVP)

6.2.1. Textured Vegetable Protein (TVP): Market Estimates & Forecast by Region/Country, 2020–2027

6.3. Soymilk

6.3.1. Soymilk: Market Estimates & Forecast by Region/Country, 2020–2027

6.4. Soy Oil

6.4.1. Soy Oil: Market Estimates & Forecast by Region/Country, 2020–2027

6.5. Tofu

6.5.1. Tofu: Market Estimates & Forecast by Region/Country, 2020–2027

6.6. Others

6.6.1. Others: Market Estimates & Forecast by Region/Country, 2020–2027

7. GLOBAL SOY FOOD MARKET, BY CATEGORY

7.1. Introduction

7.2. Organic

7.2.1. Organic: Market Estimates & Forecast by Region/Country, 2020–2027

7.3. Conventional

7.3.1. Conventional: Market Estimates & Forecast by Region/Country, 2020–2027

8. GLOBAL SOY FOOD MARKET, BY DISTRIBUTION CHANNEL

8.1. Introduction

8.2. Store-Based

8.2.1. Store-Based: Market Estimates & Forecast by Region/Country, 2020–2027

8.2.2. Hypermarkets and Supermarkets

8.2.2.1. Hypermarkets and Supermarkets: Market Estimates & Forecast by Region/Country, 2020–2027

8.2.3. Convenience Stores

8.2.3.1. Convenience Stores: Market Estimates & Forecast by Region/Country, 2020–2027

8.2.4. Others

8.2.4.1. Others: Market Estimates & Forecast by Region/Country, 2020–2027

8.3. Non-Store-Based

8.3.1. Non-Store-Based: Market Estimates & Forecast by Region/Country, 2020–2027

9. GLOBAL SOY FOOD MARKET, BY REGION

9.1. Introduction

9.2. North America

9.2.1. Market Estimates & Forecast by Type, 2020–2027

9.2.2. Market Estimates & Forecast by Category, 2020–2027

9.2.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.2.4. Market Estimates & Forecast by Country, 2020–2027

9.2.5. US

9.2.5.1. Market Estimates & Forecast by Type, 2020–2027

9.2.5.2. Market Estimates & Forecast by Category, 2020–2027

9.2.5.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.2.6. Canada

9.2.6.1. Market Estimates & Forecast by Type, 2020–2027

9.2.6.2. Market Estimates & Forecast by Category, 2020–2027

9.2.6.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.2.7. Mexico

9.2.7.1. Market Estimates & Forecast by Type, 2020–2027

9.2.7.2. Market Estimates & Forecast by Category, 2020–2027

9.2.7.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.3. Europe

9.3.1. Market Estimates & Forecast by Type, 2020–2027

9.3.2. Market Estimates & Forecast by Category, 2020–2027

9.3.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.3.4. Market Estimates & Forecast by Country, 2020–2027

9.3.5. Germany

9.3.5.1. Market Estimates & Forecast by Type, 2020–2027

9.3.5.2. Market Estimates & Forecast by Category, 2020–2027

9.3.5.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.3.6. UK

9.3.6.1. Market Estimates & Forecast by Type, 2020–2027

9.3.6.2. Market Estimates & Forecast by Category, 2020–2027

9.3.6.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.3.7. France

9.3.7.1. Market Estimates & Forecast by Type, 2020–2027

9.3.7.2. Market Estimates & Forecast by Category, 2020–2027

9.3.7.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.3.8. Spain

9.3.8.1. Market Estimates & Forecast by Type, 2020–2027

9.3.8.2. Market Estimates & Forecast by Category, 2020–2027

9.3.8.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.3.9. Italy

9.3.9.1. Market Estimates & Forecast by Type, 2020–2027

9.3.9.2. Market Estimates & Forecast by Category, 2020–2027

9.3.9.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.3.10. Rest of Europe

9.3.10.1. Market Estimates & Forecast by Type, 2020–2027

9.3.10.2. Market Estimates & Forecast by Category, 2020–2027

9.3.10.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.4. Asia-Pacific

9.4.1. Market Estimates & Forecast by Type, 2020–2027

9.4.2. Market Estimates & Forecast by Category, 2020–2027

9.4.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.4.4. Market Estimates & Forecast by Country, 2020–2027

9.4.5. China

9.4.5.1. Market Estimates & Forecast by Type, 2020–2027

9.4.5.2. Market Estimates & Forecast by Category, 2020–2027

9.4.5.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.4.6. Japan

9.4.6.1. Market Estimates & Forecast by Type, 2020–2027

9.4.6.2. Market Estimates & Forecast by Category, 2020–2027

9.4.6.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.4.7. India

9.4.7.1. Market Estimates & Forecast by Type, 2020–2027

9.4.7.2. Market Estimates & Forecast by Category, 2020–2027

9.4.7.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.4.8. Australia & New Zealand

9.4.8.1. Market Estimates & Forecast by Type, 2020–2027

9.4.8.2. Market Estimates & Forecast by Category, 2020–2027

9.4.8.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.4.9. Rest of Asia-Pacific

9.4.9.1. Market Estimates & Forecast by Type, 2020–2027

9.4.9.2. Market Estimates & Forecast by Category, 2020–2027

9.4.9.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.5. Rest of the World

9.5.1. Market Estimates & Forecast by Type, 2020–2027

9.5.2. Market Estimates & Forecast by Category, 2020–2027

9.5.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.5.4. Market Estimates & Forecast by Country, 2020–2027

9.5.5. South America

9.5.5.1. Market Estimates & Forecast by Type, 2020–2027

9.5.5.2. Market Estimates & Forecast by Category, 2020–2027

9.5.5.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.5.6. Middle East

9.5.6.1. Market Estimates & Forecast by Type, 2020–2027

9.5.6.2. Market Estimates & Forecast by Category, 2020–2027

9.5.6.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

9.5.7. Africa

9.5.7.1. Market Estimates & Forecast by Type, 2020–2027

9.5.7.2. Market Estimates & Forecast by Category, 2020–2027

9.5.7.3. Market Estimates & Forecast by Distribution Channel, 2020–2027

10. COMPETITIVE LANDSCAPE

10.1. Introduction

10.2. Competitive Benchmarking

10.3. Development Share Analysis

10.4. Key Developments & Growth Strategies

11. COMPANY PROFILES

11.1. Archer Daniels Midland Company

11.1.1. Company Overview

11.1.2. Financial Overview

11.1.3. Products Offered

11.1.4. Key Developments

11.1.5. SWOT Analysis

11.1.6. Key Strategies

11.2. Alpro

11.2.1. Company Overview

11.2.2. Financial Overview

11.2.3. Products Offered

11.2.4. Key Developments

11.2.5. SWOT Analysis

11.2.6. Key Strategies

11.3. Dean Foods Company

11.3.1. Company Overview

11.3.2. Financial Overview

11.3.3. Products Offered

11.3.4. Key Developments

11.3.5. SWOT Analysis

11.3.6. Key Strategies

11.4. China Yingxia International Inc.

11.4.1. Company Overview

11.4.2. Financial Overview

11.4.3. Products Offered

11.4.4. Key Developments

11.4.5. SWOT Analysis

11.4.6. Key Strategies

11.5. Barentz Europe B.V.

11.5.1. Company Overview

11.5.2. Financial Overview

11.5.3. Products Offered

11.5.4. Key Developments

11.5.5. SWOT Analysis

11.5.6. Key Strategies

11.6. Eden Foods, Inc.

11.6.1. Company Overview

11.6.2. Financial Overview

11.6.3. Products Offered

11.6.4. Key Developments

11.6.5. SWOT Analysis

11.6.6. Key Strategies

11.7. CHS Inc.

11.7.1. Company Overview

11.7.2. Financial Overview

11.7.3. Products Offered

11.7.4. Key Developments

11.7.5. SWOT Analysis

11.7.6. Key Strategies

11.8. Groupe Danone

11.8.1. Company Overview

11.8.2. Financial Overview

11.8.3. Products Offered

11.8.4. Key Developments

11.8.5. SWOT Analysis

11.8.6. Key Strategies

11.9. Cargill, Incorporated

11.9.1. Company Overview

11.9.2. Financial Overview

11.9.3. Products Offered

11.9.4. Key Developments

11.9.5. SWOT Analysis

11.9.6. Key Strategies

11.10. Sunrise Soya Foods

11.10.1. Company Overview

11.10.2. Financial Overview

11.10.3. Products Offered

11.10.4. Key Developments

11.10.5. SWOT Analysis

11.10.6. Key Strategies

12. APPENDIX

12.1. General Sources & References

12.2. List of Abbreviation

LIST OF TABLES

Table 1 Global Soy Foods Market, by Region, 2020–2027 (USD Million)

Table 2 Global Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 3 Global Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 4 Global Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 5 North America: Soy Foods Market, by Country, 2020–2027 (USD Million)

Table 6 North America: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 7 North America: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 8 North America: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 9 US: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 10 US: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 11 US: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 12 Canada: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 13 Canada: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 14 Canada: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 15 Mexico: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 16 Mexico: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 17 Mexico: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 18 Europe: Soy Foods Market, by Country, 2020–2027 (USD Million)

Table 19 Europe: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 20 Europe: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 21 Europe: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 22 Germany: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 23 Germany: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 24 Germany: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 25 France: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 26 France: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 27 France: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 28 Italy: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 29 Italy: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 30 Italy: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 31 Spain: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 32 Spain: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 33 Spain: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 34 UK: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 35 UK: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 36 UK: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 37 Rest of Europe: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 38 Rest of Europe: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 39 Rest of Europe: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 40 Asia-Pacific: Soy Foods Market, by Country, 2020–2027 (USD Million)

Table 41 Asia-Pacific: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 42 Asia-Pacific: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 43 Asia-Pacific: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 44 China: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 45 China: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 46 China: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 47 India: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 48 India: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 49 India: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 50 Japan: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 51 Japan: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 52 Japan: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 53 Rest of Asia-Pacific: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 54 Rest of Asia-Pacific: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 55 Rest of Asia-Pacific: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 56 Rest of the World (RoW): Soy Foods Market, by Country, 2020–2027 (USD Million)

Table 57 Rest of the World (RoW): Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 58 Rest of the World (RoW): Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 59 Rest of the World (RoW): Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 60 South America: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 61 South America: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 62 South America: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 63 Middle East: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 64 Middle East: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 65 Middle East: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

Table 66 Africa: Soy Foods Market, by Type, 2020–2027 (USD Million)

Table 67 Africa: Soy Foods Market, by Category, 2020–2027 (USD Million)

Table 68 Africa: Soy Foods Market, by Distribution Channel, 2020–2027 (USD Million)

LIST OF FIGURES

FIGURE 1 Global Soy Food Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Soy Food Market

FIGURE 4 Value Chain of the Global Soy Food Market

FIGURE 5 Share of the Global Soy Food Market in 2020, by Country (%)

FIGURE 6 Global Soy Food Market, by Region, 2020–2027,

FIGURE 7 Global Soy Food Market Size, by Type, 2020

FIGURE 8 Share of the Global Soy Food Market, by Type, 2020–2027 (%)

FIGURE 9 Global Soy Food Market Size, by Category, 2020

FIGURE 10 Share of the Global Soy Food Market, by Category, 2020–2027 (%)

FIGURE 11 Global Soy Food Market Size, by Distribution Channel, 2020

FIGURE 12 Share of the Global Soy Food Market, by Distribution Channel, 2020–2027 (%)


Soy Food Market

Soy Food Market is projected to reach USD 62.7 Billion by 2030, registering a growth rate of 4.98% during the forecast period of 2020 to 2030.

Segmentation

By Type Textured Vegetable Protein (Tvp) Soymilk Soy Oil Tofu
By Category Organic Conventional
By Distribution Channel Store Based Non Store Based

Key Players

  • Kerry Inc.
  • The Scoular Company
  • Fuji Oil Group
  • Cargill Inc
  • House Foods Group Inc
  • E.I. du Pont de Nemours & Co.
  • The WhiteWave Foods Company CHS Inc.
  • Archer-Daniels Midland Co

Drivers

  • The Increasing Demand For High Protein Food Products
  • Growing Trend for Vegan & Vegetarian Products
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Soy Food Market Overview


The Soy Food Market is projected to reach USD 51.2 billion by 2024, registering a growth rate of 5.5% during the forecast period of 2019 to 2024. The soybean market is likely to enjoy the limelight during the forecast period owing to its ability to bring a gradual shift on the dependence of the target audience in the dairy industry. Soybeans provide the same nutrients that are offered by dairy products and maintain a good and reliable level of environmental sustainability while catering to the vibrant needs of the target audience. This is more beneficial people for people who have digestion issues while intaking dairy products.


Covid 19 Analysis of Soy Food Market


The arrival of the pandemic was an unwanted surprise that has brought along a series of disruptions and distress for all the underdeveloped, developing, and developed economies across the globe. One of the major reasons behind this is the unpreparedness of the people to deal with the changes that have been accelerated during the pandemic that hit various geographies across the globe since late 2019 and 2020. The pandemic hit the lives of people in such a way that the growth stood still, and the unforeseen circumstances led to a disruption in the demand graph and further, resulted in a negative impact on the smooth functioning of the supply chain mechanism in soy food market. Some of the players were unable to bear the wrath of the situation and hence, gave up. The sudden shutdown of various departments and market services has developed concerns regarding the sustainability and chances of the growth opportunities that will help in returning to normalcy.


However, to help the soy food market overcome such an uncertain time that is prevailing globally, the government is raising its investment in the research and development sector that will help the market players overcome the disrupted demand and initiate new trends. This will help in providing the target audience with a variety of market services and products to choose from. Also, the prominent market players are moving towards innovation and creativity that will help in enhancing the scale of operations and provide opportunities to grow in the international market.


Market Dynamics


Drivers


Based on the survey conducted by the US National Library of Medicine, approximately 65% of the global audience has lost their ability to digest lactose that is one of the major parts of dairy products and substances. It has been realized that as an individual begins to grow, the person tends to lose the capacity of digesting such products that leads to the deficiency of important nutrients and proteins in the body in the long run. Lactose intolerance is one of the important issues that is reporting 10 million cases each year and hence, the soy food market operations stand a better chance of increasing their sales during the forecast period.


Restraints


One of the major issues that are likely to be faced by the soy food market growth during the forecast period is the resistance of people to opt for soy market products owing to the fear related to contracting similar digestive problems. Also, lack of awareness regarding the benefits of soy products and their ability to meet the nutrition content demand by the body is an underestimated factor that might pose growth challenges for the market trends during the forecast period.


Technology Analysis


With the rising cases of lactose intake with each passing year, there is a gradual need for the development of food alternates that will help to maintain the protein and nutrient level in the body and falls within the affordability limit of the consumers, especially, when the purchasing power of consumers has been hampered due to the arrival of the pandemic. Dairy products tend to create a nauseating feeling amongst the consumers and take more time to consume and digest. Creative advancements and skillful use of soybean in a variety of food items promise good and positive attributes for the market especially during the forecast period.


Study Objectives



  • To study the scope of the available market dynamics and understand their ability to induce new trends and demand for the soy food market services and products during the forecast period. Also, the scope of the market shall cover the impact of the pandemic as 2020 is the base year on which the growth rate and market value have been projected by the market leaders.

  • To conduct deep research and analysis of the way of functioning of the soy food market segments in various regional and international markets. This analysis will help in understanding the ability of these segments to maintain a proper supply chain mechanism amongst the market.

  • To understand a highly volatile and competitive degree that prevails amongst the soy food market players during the forecast period. Also, another important objective of carrying out this research is to draw a competitive graph based on the recent developments undertaken by the market players during the ongoing forecast period.


Segment Overview


To understand the functioning of the soy food market segments and their ability to meet the needs of the target audience, it is important to have an idea about the kind of market segments. The market has been segmented based on the following:


Based on the product type


The soy food market deals in a series of products like tofu, textured vegetable protein, sour milk, and oil, amongst others.


Based on the category


The category segment of the market is inclusive of both conventional items and organic food products.


Based on the distribution channel


The distribution channel of the soy food market includes online stores, convenience stores, department and confectionary stores, supermarkets, and others like hypermarkets.


Based on the end-uses


The end-uses of the soy food market products and services are infant nutrition, dairy alternatives, functional food items, meat alternates, bakery products, confectionery items, and others.


Regional Analysis


The APAC region is expected to hold the largest market share based on the soy food market analysis for the period. One of the major reasons for the same is the recognition of various soybean products like a pea that has all the essentials proteins and nutrients and emerges as a perfect fit for athletes that require amino acids to get rid of muscle repair.


Competitive Landscape


The prominent players of the soy food market are as follows:



  • Kerry Inc.

  • The Scoular Company

  • Fuji Oil Group

  • Cargill Inc

  • House Foods Group Inc

  • E.I. du Pont de Nemours & Co.

  • The WhiteWave Foods Company

  • CHS Inc.

  • Archer-Daniels Midland Co


Recent Developments


The target audience that belongs to various parts of the APAC region like India, Japan, and South Korea, is showing a great rise in health awareness and consciousness. Also, this trend is giving a steep rise to the demand for tofu in the soy food market as it has a high degree of resemblance to soy in terms of its formation, texture, color, alongside the taste of the product. The rising health awareness amongst consumers can show better results with the availability of a variety of food items.


The European soy manufacturers and producers are contributing a large sum of investment to conduct the research and development activities and are on the way to introduce variation in the availability of soy food products. The main aim behind this investment in the market products is to expand the availability of the product portfolio and increase the existing qualitative customer base.


Soy food products and items are witnessing a major momentum in the form of snacks and beverages that is likely to experience steady growth and kickstart its demand amongst the worldwide audience that will improvise both food items and health awareness amongst the target audience during the forecast period. 


Intended Audience



  • Soy food manufacturers

  • Government agencies

  • Food additive distributors

  • Industry associations

  • Importers and exporters of food additives

  • Research firms

  • Development institutions

  • Consulting firms

  • Soy food producers


Report Overview


With the pandemic year of 2020 as the base year, the report has discussed the features and drivers that will create growth opportunities for the market by the end of the forecast period. The report aims to highlight the potential of the soy food market players and segments to meet the needs of the target audience and also, earn revenue at promises a good market value by the end of the period.



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Frequently Asked Questions (FAQ) :

The market recognizes the target audience in the form of the global population that suffers from digestive issues due to lactose intake and the ones who are looking for healthier food alternates.