DUBLIN, June 23, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Soy Food Market 2017-2021" report to their offering.
The global soy food market to grow at a CAGR of 6.66% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global soy food market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of soy foods in different product forms, which include whole soy foods, soy oil, and other soy foods. The report also includes a discussion operating in this market.
One trend in the market is growing demand for organic variants of soy products. Organic products are mostly priced more as compared to regular products. The premium pricing is done due to the high production and distribution costs. Moreover, consumers are also willing to pay extra for organic products.
According to the report, one driver in the market is rising levels of lactose intolerance and dairy allergies. Lactose intolerance is caused due to the inability of the body to digest lactose, which is found in milk. Ethnic groups such as the Asian population base are more prone to lactose intolerance compared to others. The demand for lactose-free food products is driven by aspects like increased incidences of food allergies and intolerances.
Further, the report states that one challenge in the market is increasing competition from other dairy-alternative products. There is an increase in the demand for dairy alternatives like almond, cashew, and coconut products, with an increase in dairy allergies. Though soy milk is available in various flavors, the grassy taste that it has is not liked by many consumers. Almond milk, on the other hand, is tastier and is available in assorted flavors, and many consumers tend to buy almond milk over soy milk for its better taste.
- Archer Daniels Midland
- Hain Celestial
- WHITEWAVE FOODS
Other prominent vendors:
- Blue Diamond Growers
- Dean Foods
- Eden Foods
- Freedom Food Group
- Northern Soy
- Pacific Foods
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Market segmentation by distribution channel
Part 09: Key leading countries
Part 10: Decision framework
Part 11: Drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/hnfsjf/global_soy_food
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SOURCE Research and Markets