Soy Foods: A Global Strategic Business Report
San Jose, CA (PRWEB) October 28, 2008
Over the years, soy foods have moved away from small natural food stores to mainstream food products, buoyed by improvement in taste and product innovations. Popularization of soy foods is mainly due to health promoting qualities or disease prevention benefits. Increase in aged population represents a major driver for improving the growth of soy foods market. Aging population also influences the commercial viability of soy products and depicts increased concern for major disorders such as heart diseases, primarily common between 35 and 54 years of age. In addition, soy proteins are alternatively used as meat substitute that encourages aged consumers to consume soy products.
The global soy foods market is dominated by Asia-Pacific, with sales estimated at US$10.2 billion, as stated by Global Industry Analysts, Inc. North America and Europe account for nearly 49% of the global soy food sales. Whole soy food market in the United States is projected to reach US$4.4 billion by 2010.
Traditionally, soybeans have been used to obtain vegetable oil and animal feed. However, of late, the whole soybean is being increasingly used as direct human food also. Demand for whole soybeans as direct food is registering healthy growth rate in Asian countries, where soybean has been a natural ingredient of daily diet for years. Western countries, on the other hand, are also showing signs of growing acceptance towards whole soybeans as direct food beyond crushing, though historically they have been using it mainly in the crushed form, as soy protein products and soy foods. Soy Oil market in Asia-pacific is projected to register a CAGR of 7.4% over the period 2001-2010.
As soy gains popularity and soy products increase in number, soy market continues to experience many remarkable changes. A few products catching in popularity are soy dairy products, soy snacks such as soy chips, nuts and protein bars. Rising popularity of soy snacks is attributed to the consumers' need for healthy and convenient snacks. Companies are increasingly turning towards soy products addressing women health. Several soy supplement manufacturers introduced unique formulations, including breakfast cereals and bars marketed as rich sources of soy protein. Consumption trends of most women in western countries have changed considerably in recent years.
The report titled "Soy Foods: A Global Strategic Business Report" published by Global Industry Analysts, Inc., includes detailed analyses and coverage of the US, Canada, Japan, France, Germany, Italy, United Kingdom, Spain, Russia, Asia-Pacific and Latin America for the period 2000-2015. The report explores key market trends and issues facing the industry. The report also offers a review of the recent strategic corporate activity and product developments/introductions. Analytics are provided in terms of product segments including Whole Soy Foods, Soy Ingredients, and Soy Oil.
Major market participants profiled include Alpro, Archer Daniels Midland Company, Dean Foods Company, White Wave Foods Company, Eden Foods, Inc., Galaxy Nutritional Foods, Gardenburger, Inc., Hain Celestial Group, Imagine Foods, Inc, Kikkoman Group, Soyaworld Inc., The Solae Company, Turtle Island Foods, Inc., Vitasoy International Holdings Limited and Vitasoy USA Inc.
For more details about this research report, please visit http://www.strategyr.com/Soy_Foods_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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