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Growing Demand for Advanced Soy Food Market is Poised to Expand at a 6.43% CAGR from 2016 to 2020
MarketResearchReports.biz has added a new report, titled ‘Global Soy Food Market 2016-2020,’ to its offering. This report on the global soy food market comprises an extensive assessment of the market. It includes the historical data, thoughtful insights, industry-validated and statistically backed up market data, and facts related to the market for soy foods. The report is an amalgamation of quantitative and qualitative assessment by key industry analysts and industry participants. The governing factors, parent trends, market attractiveness, and macroeconomic indicators in the market have also been analyzed in this study. The qualitative impact of key market dynamics such as drivers, inhibitors, and challenges has also been provided under this research report.
The global soy food market is poised to expand at a 6.43% CAGR from 2016 to 2020. The current market scenario as well as the growth prospects within the global soy food market in the forecast horizon from 2016 to 2020 have also been provided. In order to calculate the size of the market, the study has considered the revenue generated via the sales of soy food products within the retail industry.
The report commences by providing a market overview. Soy is a type of bean used in soy sauce, soy milk, tempeh, tofu, and miso. It is also added to certain foods such as cereals, meat products, and bread. Soy products are utilized as meat substitutes by vegetarians. The demand for soy products is on the rise owing to a number of health benefits related to them. Soy food products are a rich source of protein, nutrients, and fiber. They comprise omega-3 fatty acids and vitamin B and also aid in reducing blood cholesterol levels in human beings. Moving further in the report, the production of soybean and oilseed has been highlighted. On the basis of product, the report segments the market into soy food, soy oil, and soy additives.
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In the next section of the report, the geographical segmentation of the market has been presented. On the basis of geography, the report segments the market into Asia Pacific, Europe, the Americas, and the Middle East and Africa. The top regional segments of the soy food market are Japan, Brazil, and China. In the following part of the report, the major factors driving the growth of the market have been presented. Soy food has a number of health benefits and presents a good alternative to meat and milk products. These factors will fuel the growth of the overall soy food market. In addition, the introduction of numerous new advanced products in the market will also augment the growth of the market.
The chief trends seen in the market include the preference towards flavored soy food products, shift towards plant protein nutrients, and increasing awareness about veganism. On the other hand, factors such as the widespread availability of alternate products and the negative perception of soy food products amongst a number of consumers may inhibit the growth of the market in forthcoming years.
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The competitive landscape section of the report comprises a description of the chief players operating in the global soy food market. Some of these players are ADM, Cargill, WhiteWave Foods, The Hein-Celestial Group, House Foods America Holding, and Dean Foods, among others.
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