Global Soybean Food And Beverage Products Market Insights 2024, Forecast To 2033
8 Mar, 2024
The soybean food and beverage products market has experienced robust growth, rising from $53.03 billion in 2023 to $55.86 billion in 2024, achieving a 5.3% CAGR. This growth is driven by factors such as health consciousness and globalization of food markets. Expected to grow to $69.9 billion in 2028, with a 5.8% CAGR, the market's expansion will be fueled by plant-based diet movements and e-commerce expansion. Major trends include innovation in soy protein isolates and sustainability in sourcing.
Global Soybean Food And Beverage Products Market Key Driver
The soybean food and beverages market is experiencing growth fueled by increasing demand for vegan food options. Veganism's rise as a dietary choice is driving demand for plant-based alternatives like soybean-based foods. Data from the Plant Based Foods Association and the Good Food Institute indicate significant growth in the plant-based food industry, reflecting shifting consumer preferences. This increasing demand for vegan food is propelling growth in the soybean food and beverages market as manufacturers innovate to meet consumer demands.
Get A Free Sample Of The Global Soybean Food And Beverage Products Market ReportGlobal Soybean Food And Beverage Products Market Segments
The soybean food and beverage products market covered in this report is segmented –
1) Type:Soybean Food Products, Soybean Additives/Ingredients, Soybean Oil
2) Source:Genetically Modified (GM), Non-Genetically Modified (Non-GM) /Genetically Engineered (GM)
3) Distribution Channel:Supermarkets, Hypermarkets, Specialty Stores, Online Retailers, Convenience Stores, Departmental Stores, Other Distribution Channels
4) Applications:Bakery And Confectionery, Animal Feed, Dairy Products, Functional Food And Supplements, Meat Products, Infant Foods, Other Applications
By Geography: The countries covered in the soybean food and beverage products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the soybean food and beverages products market in 2023. The regions covered in the soybean food and beverage products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Soybean Food And Beverage Products Industry Players
Cargill Incorporated; The Archer-Daniels-Midland Company; Nestle SA; Willmar International Limited; CHS Inc.; Danone SA; Conagra Brands Inc.; Kerry Group Plc.; Caramuru Alimentos S.A.; Kikkoman Group; The WhiteWave Foods Company; Patanjali Foods Limited; Hain Celestial Group; Monde Nissin Corporation; Vitasoy International; Barentz International BV; The Scoular Company; SunOpta Inc.; Alpro; Impossible Foods Inc.; Pacific Foods of Oregon LLC; Eden Foods Inc.; Sotexpro; Good Catch Foods; Burcon NutraScience Corporation; Bermil Group; Rio Pardo Potential Vegetal S.A.; Northern Soy; Solbar Ltd.; Galaxy Nutritional Foods Inc.
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Soybean Food And Beverage Products Market Overview
Soybean food and beverage products refer to a diverse range of edible products made from soybeans, an East Asian legume. Plant-based alternatives to traditional dairy and meat products, as well as soy-based ingredients used in a variety of food preparations, are included in this category.