Soybean Food & Beverage Products Market by Product (Soy-based Beverages, Soy-based Foods, Soybean-based Food Ingredients), Soybean Source (Genetically Modified, Non-Genetically Modified), Distribution Channel, End-Use - Global Forecast 2024-2030


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Soybean Food & Beverage Products Market by Product (Soy-based Beverages, Soy-based Foods, Soybean-based Food Ingredients), Soybean Source (Genetically Modified, Non-Genetically Modified), Distribution Channel, End-Use - Global Forecast 2024-2030


The Soybean Food & Beverage Products Market size was estimated at USD 60.35 billion in 2023 and expected to reach USD 63.58 billion in 2024, at a CAGR 5.47% to reach USD 87.63 billion by 2030.

Global Soybean Food & Beverage Products Market

The soybean food & beverage products are derived from soybeans, a leguminous plant rich in protein and other essential nutrients. Soybeans are processed into numerous forms, including but not limited to soy milk, tofu, tempeh, soy protein isolate, and fermented products like miso and natto. Each of these products caters to dairy alternatives, meat substitutes, snack foods, and meal components. The versatility of soy allows it to be incorporated into various culinary traditions and dietary preferences, thus broadening its appeal. The soybean food & beverage products industry is driven by several factors, such as the increasing health consciousness among consumers of the vegan and vegetarian population. Moreover, the increasing availability of versatile soybean-based foods and beverages and rising demand for soy protein ingredients for the production of animal feed are impeding market growth. In contrast, fluctuating prices in soybeans due to supply chain disruptions and fluctuating agricultural outputs, and side-effects and allergies associated with soy-based food & beverages products have led to hesitation to accept soybean food & beverages products among consumers, which leads to penetrating market growth. However, ongoing innovation within this sector is likely to introduce new products and applications of soy, cementing its status as a versatile and valuable agricultural commodity. Furthermore, the emergence of advanced packaging and processing technologies for soy-based food & beverages and approvals for genetically modified soybeans for food and feed purposes are gaining potential growth opportunities for the market.

Regional Insights

The use of soybean food & beverage products in the Americas is primarily driven by the growing health awareness and dietary preferences of consumers. This region has seen a substantial demand for plant-based products due to rising veganism and concerns about animal welfare. The versatility of soy as a food ingredient allows for its inclusion in various food products, contributing to its popularity. The presence of major soybean producers in countries of this region facilitates easy access to raw materials, thus promoting growth in the soy food and beverage industry. In the EMEA region, soybean food and beverage products are adopting due to changing dietary habits and the cultural assimilation of global food trends. In Europe, there is an increasing demand for non-dairy alternatives prompted by lactose intolerance and environmental considerations. The Middle East and Africa are gradually introducing soy into their diets, often buoyed by the nutritional benefits of soy, such as protein content and heart health. Soybean products have a long-established tradition in Asia-Pacific cuisine and are deeply integrated into the cultural fabric of many countries in the region. Soy foods such as tofu, tempeh, and soy milk are staple items in the diet of many APAC nations. Modernization and urbanization have further elevated the market potential for convenient and processed soy foods. Increasing regional income has also led to greater consumption of various food products, including soy-based ones. Health trends and the rise in vegetarianism and flexitarian diets have prompted consumers to seek soy as a reputable source of protein, aligning with global health narratives. Moreover, APAC's role as a major producer of soybeans provides an inherent advantage in the soy food and beverage product market.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Soybean Food & Beverage Products Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Soybean Food & Beverage Products Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Soybean Food & Beverage Products Market, highlighting leading vendors and their innovative profiles. These include Archer Daniels Midland Company, Batory Foods, Bunge Limited, Burcon NutraScience Corporation, Campbell Soup Company, Cargill, Incorporated, Chaitanya Agro Biotech Pvt. Ltd., CHS Inc., Crown Soya Protein Group Company, DAIYA FOODS Inc., Danone SA, Devansoy Inc., DuPont de Nemours, Inc., Earth’s Own Food Company Inc., Eden Foods, Inc., Farbest-Tallman Foods Corporation, Foodchem International Corporation, Fuji Oil Co., Ltd., House Foods America Corporation, Kellogg Company, Kerry Group PLC, Louis Dreyfus Company B.V., Nasoya Foods USA, LLC, PureHarvest, Sanitarium by Australian Health and Nutrition Association Ltd., Soy Vay Enterprises, The Hain Celestial Group, Inc., Vitasoy International Holdings Limited, Wilmar International Ltd., and YEO HIAP SENG Ltd..

Market Segmentation & Coverage

This research report categorizes the Soybean Food & Beverage Products Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Soy-based Beverages
Soy-based Foods
Fermented
Non-Fermented
Soybean-based Food Ingredients
Additives
Oils
Soybean Source
Genetically Modified
Non-Genetically Modified
Distribution Channel
Offline
Online
End-Use
Animal Feed
Bakery & Confectionery
Dairy Products
Functional Foods & Supplements
Infant Foods
Meat Products
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Soybean Food & Beverage Products Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Soybean Food & Beverage Products Market?
3. What are the technology trends and regulatory frameworks in the Soybean Food & Beverage Products Market?
4. What is the market share of the leading vendors in the Soybean Food & Beverage Products Market?
5. Which modes and strategic moves are suitable for entering the Soybean Food & Beverage Products Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Soybean Food & Beverage Products Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing consumers shift toward plant-based products worldwide
5.1.1.2. Increasing availability of versatile soybean-based foods and beverages
5.1.1.3. Rising demand for soy protein ingredients for production of animal feed
5.1.2. Restraints
5.1.2.1. Changing costs of soybeans due to supply chain disruptions and fluctuating agricultural outputs
5.1.3. Opportunities
5.1.3.1. Emergence of advanced packaging and processing technologies for soy-based food & beverages
5.1.3.2. Approvals for genetically modified soybean for food and feed purposes
5.1.4. Challenges
5.1.4.1. Adverse effects and allergies associated with soy-based food & beverages
5.2. Market Segmentation Analysis
5.2.1. Product: Increasing preference for soy-based foods in individuals looking for whole soybean nutrition
5.2.2. Soybean Source: Rising adoption of GM soybeans in large-scale food and beverage production
5.2.3. End-Use: Significant role of soybean food & beverage products for functional foods & supplements to improve health risk
5.2.4. Distribution Channel: Rising e-commerce distribution channel offering easy accessibility to the products
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Soybean Food & Beverage Products Market, by Product
6.1. Introduction
6.2. Soy-based Beverages
6.3. Soy-based Foods
6.4.1. Fermented
6.4.2. Non-Fermented
6.4. Soybean-based Food Ingredients
6.5.1. Additives
6.5.2. Oils
7. Soybean Food & Beverage Products Market, by Soybean Source
7.1. Introduction
7.2. Genetically Modified
7.3. Non-Genetically Modified
8. Soybean Food & Beverage Products Market, by Distribution Channel
8.1. Introduction
8.2. Offline
8.3. Online
9. Soybean Food & Beverage Products Market, by End-Use
9.1. Introduction
9.2. Animal Feed
9.3. Bakery & Confectionery
9.4. Dairy Products
9.5. Functional Foods & Supplements
9.6. Infant Foods
9.7. Meat Products
10. Americas Soybean Food & Beverage Products Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Soybean Food & Beverage Products Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Soybean Food & Beverage Products Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Agreement, Collaboration, & Partnership
13.3.1.1. Frieslandcampina and Agrifirm Collaboration Targets Plant-Based Expansion Using Oat and Soy Crops
13.3.2. New Product Launch & Enhancement
13.3.2.1. Nestlé Launches Soy-Dairy Milk Blend in African Markets
13.3.2.2. Nestlé Launches Shelf-Stable Plant-Based Products
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Archer Daniels Midland Company
14.1.2. Batory Foods
14.1.3. Bunge Limited
14.1.4. Burcon NutraScience Corporation
14.1.5. Campbell Soup Company
14.1.6. Cargill, Incorporated
14.1.7. Chaitanya Agro Biotech Pvt. Ltd.
14.1.8. CHS Inc.
14.1.9. Crown Soya Protein Group Company
14.1.10. DAIYA FOODS Inc.
14.1.11. Danone SA
14.1.12. Devansoy Inc.
14.1.13. DuPont de Nemours, Inc.
14.1.14. Earth’s Own Food Company Inc.
14.1.15. Eden Foods, Inc.
14.1.16. Farbest-Tallman Foods Corporation
14.1.17. Foodchem International Corporation
14.1.18. Fuji Oil Co., Ltd.
14.1.19. House Foods America Corporation
14.1.20. Kellogg Company
14.1.21. Kerry Group PLC
14.1.22. Louis Dreyfus Company B.V.
14.1.23. Nasoya Foods USA, LLC
14.1.24. PureHarvest
14.1.25. Sanitarium by Australian Health and Nutrition Association Ltd.
14.1.26. Soy Vay Enterprises
14.1.27. The Hain Celestial Group, Inc.
14.1.28. Vitasoy International Holdings Limited
14.1.29. Wilmar International Ltd.
14.1.30. YEO HIAP SENG Ltd.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET RESEARCH PROCESS
FIGURE 2. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, 2023 VS 2030
FIGURE 3. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET DYNAMICS
FIGURE 7. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 8. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY SOYBEAN SOURCE, 2023 VS 2030 (%)
FIGURE 10. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY SOYBEAN SOURCE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2030 (%)
FIGURE 12. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY END-USE, 2023 VS 2030 (%)
FIGURE 14. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY END-USE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. SOYBEAN FOOD & BEVERAGE PRODUCTS MARKET SHARE, BY KEY PLAYER, 2023

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