What is Organic Soy Product Market?
Organic soybeans are produced and processed without the use of synthetic fertilizers and pesticides. Organic soy products are produced with the use of these organic soybeans. The soybeans can be processed into soy protein powders, soymilk, soy sauce, meat alternative and others. These organic soy products have numerous health benefits, thus the demand for organic soy products has been increasing year over year.
The market study is being classified, by Application (Food and Beverage, Personal Care and Cosmetics, Pharmaceutical, Animal Feed, Pet Food and Others) and major geographies with country level break-up.
Hain Celestial Group (United States), Pacific Foods (United States), Kellogg's Company (United States), Impossible Foods Inc. (United States), Nasoya Foods (United States), Fry Group Foods (South Arica), The Kraft Heinz Company (United States), Taifun-Tofu GmbH (Germany), Turtle Island Foods (United States) and Maple Leaf Foods Inc. (Canada) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Organic Soy Product market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Organic Soy Product market by Type, Application and Region.
On the basis of geography, the market of Organic Soy Product has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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.
Market Drivers
- Increasing Awareness With Regards To Health Benefits of Organic Food
- Increased Disposable Income of the People in Developing Countries
- Increased Marketing and Promotional Activities by Manufacturers
Market Trend
- Rise in the Popularity of Organic Soy Products
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Government Initiatives to Increase Adoption of Organic Food
- Growing Health Concerns among Consumers
- Robust Increase in Distribution Channels
Challenges
- Adverse Environmental Conditions in Soybean Production Countries May Hamper the Market
- Slowdown of the world economy
Market Leaders and some development strategies
“To sell beans as organic in the United States, producers must meet the requirements of the United States Department of Agriculture (USDA) National Organic Program (NOP) under the Organic Food Production Act of 1990.”
Key Target Audience
Organic Soy Product Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user