The report forecasts the global soy food market to grow at a CAGR of 6.43% during the period 2016-2020.
The demand for soy food has increased owing to soy's numerous health benefits. Soy food is rich in fiber and a great source of proteins and nutrients, such as vitamin B and omega-3 fatty acids. Food products containing soy protein serve as alternatives to meat and other animal-based products that contain cholesterol and saturated fat. Soy is also known for its ability to reduce blood cholesterol levels.
A vegan diet is a part of the larger vegan lifestyle. Vegans strongly favor animal rights and are concerned about the environment. Consumers embracing a vegan lifestyle make a conscious effort to stay away from products of animal origin, be it food, clothing, or accessories. Soy food meets most of the nutritional needs of vegans and thus is the ideal substitute for meat. Soy milk is the most common substitute for dairy milk.
According to the report, the immense health benefits offered by soy-based food products is expected to spur market growth during the forecast period. Recently, it has been observed that people are becoming more aware of the potential health benefits of soy and are, therefore, consuming food products that contain soy in them. The ability of soy protein to increase the bone density and reduce the risk of heart failure and breast cancer will result in its increased consumption during the forecast period.
Further, the report states that one of the key challenges that confronts the global soy food market is the negative image of soy food products, particularly the risks associated with their consumption.
- WhiteWave Foods
- The Hein-Celestial Group
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/2gpj6g/global_soy_food