What is Soy Fortified Products Market?
Soy fortified products include soymilk, soy nuts, soy sauce, and other products. It contains calcium, vitamins, potassium, and proteins. They are produced from fully matured and dry soybeans. Soybeans are a good source of high-quality protein, which most other legumes lack, making the soybean and its food. Soy fortified products are high in fibre, high in protein, low in saturated fats, cholesterol-free, lactose-free, etc.
Highlights from Soy Fortified Products Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | ADM (United States), Cereal Foods Processors Inc (United States), Alpro (Belgium), Natura Foods (United States), Vitasoy (China), Jiffy mix (United States), Barilla America (United States), Bangladesh Edible Oil Limited (Bangladesh), Kings Milling Company Limited (Thailand) and Bartlett Milling Company L.P. (United States) |
Global Soy Fortified Products is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
ADM (United States), Cereal Foods Processors Inc (United States), Alpro (Belgium), Natura Foods (United States), Vitasoy (China), Jiffy mix (United States), Barilla America (United States), Bangladesh Edible Oil Limited (Bangladesh), Kings Milling Company Limited (Thailand) and Bartlett Milling Company L.P. (United States) are some of the key players profiled in the study. Soy Fortified Products Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Animal Feed, Food for Human Consumption, Industrial Uses and Others |
Type | Soymilk, Soymilk Powder, Protein bars, Textured Soy Protein and Others |
Distribution Channel | Online,Supermarket,Hypermarket,Convenient stores,Others |
On the basis of geography, the market of Soy Fortified Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Need of Protein Intake
Market Growth Drivers:
Rising Demand for the Products that Deliver Natural Soy Protein
Restraints:
Worry about Soy’s Products including Possible Estrogen-like Effects, Thyroid Health, and Breast Cancer Risk and Others.
Opportunities:
Growing Consumption of Soy Fortified Products owing to their High Nutritional Values can create Opportunities for Market Growth.
Key Target Audience
Soy Fortified Products Manufacturers, Soy Fortified Products Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 26th July 2021, ADM has acquired Sojaprotein. Sojaprotein offers a wide array of non-GMO vegetable protein ingredients for an extensive list of global consumers in the meat alternative, confectionery, protein bar, pharmaceutical, pet food, and animal feed segments.