Soy Foods: A Global Strategic Business Report
San Jose, California (PRWEB) February 28, 2012
Follow us on LinkedIn – Worldwide soy foods market is driven by increasing awareness among consumers about the health benefits offered, including heart and bone health, as well as protection from cancer. Soy foods initially forayed into the market as a health food product and gradually earned the tag of specialty food. Traditionally, soyfood products have been sold and marketed primarily through retail segments, such as supermarkets and large mass outlets. However, with an increasing portfolio of soy-based products and their expanding applications, the need existed for expanding the product’s scope to other potential channels as well. Sales through foodservices therefore form an integral part of such prospective channels. Over the years, Soyfoods have moved away from retailing at small natural food stores to mainstream food outlets, buoyed by improvement in taste and product innovations. Soy foods have now emerged as a healthier and convenient dietary alternative to the existing products in developed nations. Even in developing markets, soy foods have found a place in the mainstream market and are provided as packaged foods in several varieties, the shift attributed to market liberalization and improved supply network.
The market for soy-based products expanded considerably with innovative and continuous launch of various soy products. Formerly, soy products found in retail stores were limited to tofu, bitter-tasting soymilk and poorly textured meat analogues. With advanced technology, development of tasty soy products has become easier. Several types of tasty soy beverages and snacks continue to hit the market every year. The launched IQF technology utilized intermediate moisture meat analogues to improve the quality vastly while encouraging growth. Other products include soy cheese, soy tortillas, soy bars, soy ice creams, soy pastas, soy breakfast cereals, soy breads and soy confections.
During the past decade, organic soy foods witnessed swift growth within the overall food sector, primarily in the developed US market. The trend is motivated by significant developments that took place in meat analogs and soymilk industry. Organic soy foods are increasingly becoming favorites of traditional consumers and have gained immense popularity among pure vegetarians. Increased demand for organic soy foods is drawing the attention of mainstream food processors. However, despite the general success , the product has its own history of initial challenges. The soy supplements market witnessed a marked slowdown and diminished growth during the period 2006-07, on account of severe anti-soy allegations that surfaced during the time. However, subsequent research and investigations rendered the allegations uncertain on grounds of incorrect research methodology used for such inferences. The soy foods industry, thereafter, recovered from the controversies and has since been marching forward.
Backed by rapid development, huge population base and rapid growth in promising markets of China, India, Indonesia and Korea, Asia-Pacific represents the largest and fastest growing regional market surging at a strong CAGR of 6.4%, as stated by the new market research report on Soy Foods. Asia also emerges as the leading soy milk consumer worldwide, with a per capita consumption of about 16.4 liters annually. Demand for soy proteins in China and Southeast Asia is progressively expanding, principally due to a gradual shift in people’s life styles and dietary habits. With respect to soy food products, Whole Soy Foods, inclusive of soymilk, soy beverages, meat alternatives, tofu, miso, cereals and others represents the most prominent segment for soy foods.
Major players profiled in the report include Alpro, Archer Daniels Midland Company, Dean Foods Company, Eden Foods, Inc, Galaxy Nutritional Foods, Inc., Hain Celestial Group, Kikkoman Group, Earth’s Own Food Company Inc., The Solae Company, and Turtle Island Foods, Inc., among others.
The research report titled “Soy Foods: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the soy foods markets, impact of the recession on the market, current market trends, key growth drivers, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for soy foods market for the years 2009 through 2017 in value (US$) terms for geographic markets, US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Key product segments analyzed include Whole Soy Foods, Soy Ingredients and Soy Oil. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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