PUBLISHER: IMARC | PRODUCT CODE: 1347392
PUBLISHER: IMARC | PRODUCT CODE: 1347392
Soy Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global soy food market size reached US$ 47.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 62.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.
Soybean is a type of legume, native to East Asia, which is low in saturated fats but high in protein, vitamin C and folate. It is a good source of iron, fiber, calcium, magnesium, potassium, phosphorus and omega-3 fatty acids. As a result of its nutrient content, it offers various health benefits such as lowering the blood cholesterol level, increasing bone density and minimizing the risk of developing cancer. It is widely used as an alternative of meat in several dishes and is added in various vegan-friendly food products. The rising demand for plant-based foods is strengthening the growth of the soy food market across the globe.
Soybean is used for preparing numerous products including soymilk, soy flour, tofu, tamari, tempeh, edamame, miso, natto and teriyaki. Currently, the demand for tofu is rising around the world, especially among the vegan and vegetarian population. It is an excellent substitute for cheese, which can be consumed by lactose intolerant consumers. The growing sales of tofu can also be accredited to its resemblance to meat in its form, color, taste and texture. Apart from this, other soy food products such as snacks and beverages are also experiencing steady growth in their demand worldwide on account of the growing health awareness among consumers. Further, manufacturers are investing in research and development activities to introduce new variants of soy food products to expand their product portfolio and attract new consumers.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global soy food market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, category, distribution channel and end-use.
Breakup by Product Type:
Textured Vegetable Protein (TVP)
Soy Milk
Soy Oil
Tofu
Others
Breakup by Category:
Organic
Conventional
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Departmental Stores
Convenience Stores
Online
Others
Breakup by End-Use:
Dairy Alternatives
Meat Alternatives
Bakery and Confectionary
Functional Foods
Infant Nutrition
Others
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players Blue Diamond Growers, Dean Foods, Earth's Own Food Company, Eden Foods, Freedom Foods Group, Harvest Innovations, House Foods America Holding, Archer Daniels Midland, Miracle Soybean Food International Corp, Cargill, Nordic Soya Oy, Victoria Group, Hain Celestial, Adisoy Foods & Beverages Pvt. Ltd., etc.
Key Questions Answered in This Report
- 1. What was the size of the global soy food market in 2022?
- 2. What is the expected growth rate of the global soy food market during 2023-2028?
- 3. What are the key factors driving the global soy food market?
- 4. What has been the impact of COVID-19 on the global soy food market?
- 5. What is the breakup of the global soy food market based on the product type?
- 6. What is the breakup of the global soy food market based on the category?
- 7. What is the breakup of the global soy food market based on the distribution channel?
- 8. What is the breakup of the global soy food market based on the end-use?
- 9. What are the key regions in the global soy food market?
- 10. Who are the key players/companies in the global soy food market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Soy Food Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Category
- 5.6 Market Breakup by Distribution Channel
- 5.7 Market Breakup by End-Use
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
6 Market Breakup by Product Type
- 6.1 Textured Vegetable Protein (TVP)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Soy Milk
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Soy Oil
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Tofu
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Category
- 7.1 Organic
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Conventional
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Supermarkets and Hypermarkets
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Departmental Stores
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Convenience Stores
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Online
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by End-Use
- 9.1 Dairy Alternatives
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Meat Alternatives
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Bakery and Confectionary
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Functional Foods
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Infant Nutrition
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
10 Market Breakup by Region
- 10.1 Asia Pacific
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 North America
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Europe
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Middle East and Africa
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Latin America
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
- 14.1 Price Indicators
- 14.2 Price Structure
- 14.3 Margin Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Blue Diamond Growers
- 15.3.2 Dean Foods
- 15.3.3 Earth's Own Food Company
- 15.3.4 Eden Foods
- 15.3.5 Freedom Foods Group
- 15.3.6 Harvest Innovations
- 15.3.7 House Foods America Holding
- 15.3.8 Archer Daniels Midland
- 15.3.9 Miracle Soybean Food International Corp
- 15.3.10 Cargill
- 15.3.11 Nordic Soya Oy
- 15.3.12 Victoria Group
- 15.3.13 Hain Celestial
- 15.3.14 Adisoy Foods & Beverages Pvt. Ltd.
List of Figures
- Figure 1: Global: Soy Food Market: Major Drivers and Challenges
- Figure 2: Global: Soy Food Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Soy Food Market: Breakup by Product Type (in %), 2022
- Figure 4: Global: Soy Food Market: Breakup by Category (in %), 2022
- Figure 5: Global: Soy Food Market: Breakup by Distribution Channel (in %), 2022
- Figure 6: Global: Soy Food Market: Breakup by End-Use (in %), 2022
- Figure 7: Global: Soy Food Market: Breakup by Region (in %), 2022
- Figure 8: Global: Soy Food Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Soy Food Industry: SWOT Analysis
- Figure 10: Global: Soy Food Industry: Value Chain Analysis
- Figure 11: Global: Soy Food Industry: Porter's Five Forces Analysis
- Figure 12: Global: Soy Food (Textured Vegetable Protein) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Soy Food (Textured Vegetable Protein) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Soy Food (Soy Milk) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Soy Food (Soy Milk) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Soy Food (Soy Oil) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Soy Food (Soy Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Soy Food (Tofu) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Soy Food (Tofu) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Soy Food (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Soy Food (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Soy Food (Organic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Soy Food (Organic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Soy Food (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Soy Food (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Soy Food Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2017 & 2022
- Figure 27: Global: Soy Food Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2023-2028
- Figure 28: Global: Soy Food Market: Sales through Departmental Stores (in Million US$), 2017 & 2022
- Figure 29: Global: Soy Food Market Forecast: Sales through Departmental Stores (in Million US$), 2023-2028
- Figure 30: Global: Soy Food Market: Sales through Convenience Stores (in Million US$), 2017 & 2022
- Figure 31: Global: Soy Food Market Forecast: Sales through Convenience Stores (in Million US$), 2023-2028
- Figure 32: Global: Soy Food Market: Online Sales (in Million US$), 2017 & 2022
- Figure 33: Global: Soy Food Market Forecast: Online Sales (in Million US$), 2023-2028
- Figure 34: Global: Soy Food Market: Sales through Other Distribution Channels (in Million US$), 2017 & 2022
- Figure 35: Global: Soy Food Market Forecast: Sales through Other Distribution Channels (in Million US$), 2023-2028
- Figure 36: Global: Soy Food (Dairy Alternatives) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Soy Food (Dairy Alternatives) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Soy Food (Meat Alternatives) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Soy Food (Meat Alternatives) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Soy Food (Bakery and Confectionary) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Soy Food (Bakery and Confectionary) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Soy Food (Functional Foods) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Soy Food (Functional Foods) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Global: Soy Food (Infant Nutrition) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Global: Soy Food (Infant Nutrition) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Global: Soy Food (Other End-Uses) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Global: Soy Food (Other End-Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Asia Pacific: Soy Food Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Asia Pacific: Soy Food Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: North America: Soy Food Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: North America: Soy Food Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Soy Food Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Soy Food Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Middle East and Africa: Soy Food Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Middle East and Africa: Soy Food Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Latin America: Soy Food Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Latin America: Soy Food Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
- Table 1: Global: Soy Food Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Soy Food Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Soy Food Market Forecast: Breakup by Category (in Million US$), 2023-2028
- Table 4: Global: Soy Food Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 5: Global: Soy Food Market Forecast: Breakup by End-Use (in Million US$), 2023-2028
- Table 6: Global: Soy Food Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Soy Food Market Structure
- Table 8: Global: Soy Food Market: Key Players
