Soy food and Soy drinks market is projected to grow at a CAGR of 4.61% during the forecast period, reaching a total market size of US$59.319 billion in 2024 from US$45.270 billion in 2018. Soy drinks and soy foods are rich sources of protein. Protein in the human body is essential for life and helps regulate metabolism and cell function.
Hence the health benefits provided by proteins will emanate from the growth of global soy drinks & soy foods in the forecast period and beyond. Also, changing dietary conditions and preference for concentrated nutrition is further propelling the market growth. Products available in the market include tofu, soy milk, soy bacon, cheese, soy sauce, and many more. These can be found in supermarkets, retail stores, food outlets, and even in quick-serving restaurants among others.
The “Soy Food and Soy Drinks Market– Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunities in regional markets and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by product type, distribution channel, and geography.
The Soyfood and Soy drinks market has been segmented based on product type, distribution channel, and geography. By product type, the market has been segmented into soymilk, soy yogurt, meat alternatives, and others. By distribution channel, the market has been segmented into online and offline.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with a thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries presents for the manufacturers.
Major players in the Soy food and Soy drinks market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Soy food and Soy drinks market.
|Market size value in 2018||US$45.270 billion|
|Market size value in 2024||US$59.319 billion|
|Growth Rate||CAGR of 4.61% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Product Type, Distribution Channel, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||INVIGORATE FOODS, House Foods America Corporation, DANONEWAVE FOODS COMPANY, DUPONT NUTRITION & HEALTH, PROTEIN SOLUTIONS, Harvest Innovations, Beyond Meat, Eden Foods, Pureharvest|
|Customization scope||Free report customization with purchase|
By Product Type
By Distribution Channel
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the soy food and soy drinks market size by 2024?
A1. Soy Food and Soy Drinks Market is projected to reach a total market size of US$59.319 billion in 2024.
Q2. What are the growth prospects for the soy food and soy drinks market?
A2. The soy food and soy drinks market is projected to grow at a CAGR of 4.61% during the forecast period.
Q3. What is the size of the global soy food and soy drinks market?
A3. The global soy food and soy drinks market was valued at US$45.270 billion in 2018.
Q4. What factors are anticipated to drive the soy food and soy drinks market growth?
A4. Hence the health benefits provided by proteins will emanate the growth of global soy drinks & soy foods in the forecast period and beyond.
Q5. How is the global soy food and soy drinks market segmented?
A5. The Soy food and Soy drinks market has been segmented based on product type, distribution channel, and geography.
House Foods America Corporation
DANONEWAVE FOODS COMPANY
DUPONT NUTRITION & HEALTH, PROTEIN SOLUTIONS
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