Soy And Its Product - Soy foods, Soy Milk, Soy Protein, Soy Sauce, Soy Cheese

The Global Soy and Its Product’s Market is estimated to grow at USD 14.12 billion by 2023, at a CAGR of 24.3%. The market for the Soy and its product’s market has a significant impact on the role of health-related foods. 

The soybean and its product’s market are categorized by type, into soy protein isolates, soy protein concentrates, and soy flours, which are utilized as inputs in bakery & confectionery products, meat alternatives, functional foods, soya milk, and infant foods and many other applications. Meat alternatives and other vegetarian entrees and meals, which are the largest category of total soy sales. Among dairy alternatives, soy spreads and soy creamer edged up slightly. Soy yogurt is becoming to sustain strong sales.

The driving factors for the Soy and Its Product’s Market are the change in consumption patterns and nutrient requirements, and inclination towards vegetarian products for protein sources. But the availability of alternate vegetable protein and no nutritional components and risk to allergies hinder this market. Availability of raw material, the high cost of investment are the challenges faced by this industry.

Source : https://www.orianresearch.com/report/global-soy-and-its-product-market-by-type-fermented-soy-sauce-non-fermented-soy-oil-soy-additives-soy-protein-concentrates-soy-flour-soy-protein-isolate-application-food-industry-cosmetics-industry-pharamaceutical-chemical-industry-application-animal-feed-marketbakery-confectionery-dairy-meat-replacer-food-processing-cosmetic-industry-forecast-to-2023/396044  

Asia-Pacific has most dominated geographies in the global soy food market, followed by North America and Europe. Companies are adopting growth strategies such as consolidation activities and entering into long-term contracts with client companies.

Some of the prominent players identified in the soy protein ingredients market include Wilmar International Limited, Archer Daniels Midland, Cargill, Incorporated, Dupont Nutrition & Health, Kerry Group PLC, AG Processing Inc., Ruchi Soya Industries.

Key Benefit For This Report:
*This report provides current market trends and future growth expectations.
*This report examines the market size and changing competitive dynamics
*It covers information regarding key drivers, challenges or restraining market growth 
*It provides a five-year forecast assessed on the basis market value chain, Porter’s five forces, and supply chain management.
*Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved.
*This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in depth analysis of market segments.

Target Audience:
*Soy protein ingredient manufacturers
*Technology providers to the soy protein ingredient manufacturers
*Soy protein manufacturers/suppliers
*Importers and exporters of soy protein ingredients
*Dairy products manufacturers/suppliers
*Raw material suppliers
*Commercial research & development (R&D) institutions and financial institutions
*Dealers