Outlook of the soy desserts market

The global soy desserts market is envisaged to witness steady growth and will post a CAGR of more than 5% over the forecast period. Increasing awareness of the several health benefits associated with the consumption of soy is one of the most important factors driving the growth of this market in the coming years. Soy contains the perfect proportion of all the nine essential amino acids that are vital for an individual’s wellbeing. Moreover, soy also contains phytosterols that help prevent cholesterol absorption, thereby, reducing the risks of a heart failure. Additionally, the role of soy and soy-based products in increasing bone density and as a good source of vitamin B6 and B12 will lead to its augmented demand over the next four years.

The growing popularity of soy milk is one of the key trends propelling the growth prospects for this market until the end of 2020. As soy milk is derived by finely grinding, boiling, and soaking soybeans in water, it is dairy free and contains only vegetable proteins. Also, soy milk enhances the lipid profile, promotes weight loss, reduces the risk of prostate cancer, and helps in preventing osteoporosis. Since soy milk is the main ingredient of most soy desserts, its increasing consumption will contribute to the growth of the soy desserts market during the forecast period.

Segmentation by distribution channel and analysis of the soy desserts market

• Hypermarkets and supermarkets
• Food and drink specialists
• Convenience stores

During 2015, the soy desserts distribution was led by the hypermarkets and supermarkets segment, which accounted for more than 58% of the market share in terms of revenue. The widespread availability of a wide array of soy and soy-based products in such stores will lead to the strong growth of this market segment during the estimated period.

Geographical segmentation and analysis of the soy desserts market

• Americas
• APAC
• EMEA

In terms of geography, the APAC region led the global soy desserts market and is expected to reach more than USD 1 billion by the end of 2020. The growth of this market segment can be attributed to the increasing number of health-conscious individuals, growing vegan population, and increasing disposable income among consumers.

Competitive landscape and key vendors

The global soy desserts market is dynamic in nature as it is subject to rapidly changing consumer demand and preferences. The market is highly fragmented owing to the presence of numerous small and large players. In this market, the vendors compete in terms of product pricing, quality, innovation, reputation, and distribution to gain maximum market prominence. The competitive environment is likely to intensify with an increase in product or service extensions, product innovations, and M&A activities.

Key vendors in this market are -

• Alpro
• So Delicious
• The Hain Celestial Group

Other prominent vendors in the market include AFC Soy Foods, DF Mavens, Double Rainbow Gourmet Ice Creams, Earth’s Own Food Company, Kozy Shack Enterprises, Sojasun, Soyummi Foods, Trader Joe's, Vitalia, and ZenSoy.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global soy desserts market?
• What are the key market trends impacting the growth of the global soy desserts market?
• What are the challenges to market growth for soy desserts?
• Who are the key vendors in the global soy desserts market?
• What are the market opportunities and threats faced by the vendors in the global soy desserts market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global soy desserts market?

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Related reports:

• Global Soy Food Market 2016-2020
• Global Soy and Milk Protein Ingredients Market 2015-2019
• Global Dairy Alternative Drinks Market 2015-2019
• Global Naturally Healthy Foods Market 2016-2020