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Global Soy Food Market 2014-2018: Key Vendors are Archer Daniels Midland, Cargill, The Hain Celestial and The WhiteWave FoodsGlobal Soy Food Market 2014-2018: Key Vendors are Archer Daniels Midland, Cargill, The Hain Celestial and The WhiteWave Foods
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Research and Markets Logo.
DUBLIN, September 22, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/p4t3gn/global_soy_food) has announced the addition of the "Global Soy Food Market 2014-2018" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
Soy food products, such as tofu and soy milk, have been consumed as traditional foods in Asia. With a rise in awareness of the health benefits of soy food, it has gained popularity worldwide, and, currently, it is among the most consumed food products. Earlier, soy food products in retail stores were restricted to tofu, soy milk, and poorly textured meat substitutes; but seeing the increased popularity and demand for soy food products, food manufacturers have introduced new technologies and launched new and tasty soy food products in the market.
The analysts forecast the Global Soy Food market will grow at a CAGR of 6.26 percent over the period 2013-2018.
The Global Soy Food market can be divided into three segments: Whole Soy Foods, Soy Additives, and Soy Oils. The Whole Soy Foods segment was the largest segment in 2013, accounting for more than 50 percent of the market.
The report, the Global Soy Food Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the Global Soy Food market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the major emerging trends in this market is the rising awareness of vegan diet. People are adopting vegan diets due to ethical concern toward animals, the environment, and better health.
In addition, people perceive a vegan diet to be a healthy diet and prefer consuming dairy alternatives such as soy milk, almond milk, rice milk, coconut milk, hazelnut milk, oat milk, and hemp milk as substitutes for dairy milk. Vegan diet followers and healthy diet adopters are the major target consumers of soy food manufacturers.
According to the report, one of the major drivers in this market is the increasing aging population globally. With the increase in the aging population (who are the potential and primary consumers of soy food), the consumption of soy food products has also increased. The majority of the demand for soy food products is from the APAC region.
Further, the report states that one of the major challenges that this market faces is the effect of natural disasters and adverse weather conditions. This leads to an increase in the price of raw materials, which increases the manufacturing and processing costs of soy food products.