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Soy Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 141 pages | ID: SAEE7F0812D1EN
IMARC Group

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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?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL SOY FOOD MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Product Type
5.5Market Breakup by Category
5.6Market Breakup by Distribution Channel
5.7Market Breakup by End-Use
5.8Market Breakup by Region
5.9Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1Textured Vegetable Protein (TVP)
  6.1.1Market Trends
  6.1.2Market Forecast
6.2Soy Milk
  6.2.1Market Trends
  6.2.2Market Forecast
6.3Soy Oil
  6.3.1Market Trends
  6.3.2Market Forecast
6.4Tofu
  6.4.1Market Trends
  6.4.2Market Forecast
6.5Others
  6.5.1Market Trends
  6.5.2Market Forecast

7 MARKET BREAKUP BY CATEGORY

7.1Organic
  7.1.1Market Trends
  7.1.2Market Forecast
7.2Conventional
  7.2.1Market Trends
  7.2.2Market Forecast

8 MARKET BREAKUP BY DISTRIBUTION CHANNEL

8.1Supermarkets and Hypermarkets
  8.1.1Market Trends
  8.1.2Market Forecast
8.2Departmental Stores
  8.2.1Market Trends
  8.2.2Market Forecast
8.3Convenience Stores
  8.3.1Market Trends
  8.3.2Market Forecast
8.4Online
  8.4.1Market Trends
  8.4.2Market Forecast
8.5Others
  8.5.1Market Trends
  8.5.2Market Forecast

9 MARKET BREAKUP BY END-USE

9.1Dairy Alternatives
  9.1.1Market Trends
  9.1.2Market Forecast
9.2Meat Alternatives
  9.2.1Market Trends
  9.2.2Market Forecast
9.3Bakery and Confectionary
  9.3.1Market Trends
  9.3.2Market Forecast
9.4Functional Foods
  9.4.1Market Trends
  9.4.2Market Forecast
9.5Infant Nutrition
  9.5.1Market Trends
  9.5.2Market Forecast
9.6Others
  9.6.1Market Trends
  9.6.2Market Forecast

10 MARKET BREAKUP BY REGION

10.1Asia Pacific
  10.1.1Market Trends
  10.1.2Market Forecast
10.2North America
  10.2.1Market Trends
  10.2.2Market Forecast
10.3Europe
  10.3.1Market Trends
  10.3.2Market Forecast
10.4Middle East and Africa
  10.4.1Market Trends
  10.4.2Market Forecast
10.5Latin America
  10.5.1Market Trends
  10.5.2Market Forecast

11 SWOT ANALYSIS

11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes

14 PRICE ANALYSIS

14.1Price Indicators
14.2Price Structure
14.3Margin Analysis

15 COMPETITIVE LANDSCAPE

15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
  15.3.1Blue Diamond Growers
  15.3.2Dean Foods
  15.3.3Earth's Own Food Company
  15.3.4Eden Foods
  15.3.5Freedom Foods Group
  15.3.6Harvest Innovations
  15.3.7House Foods America Holding
  15.3.8Archer Daniels Midland
  15.3.9Miracle 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 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

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


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