Soy Market Research Reports & Industry Analysis

Soy is a predominant ingredient in the food industry. The soy market includes meat alternatives, dairy alternatives, grains, snacks, cereals, meal replacements, protein powders and formulas. Some examples of meat alternatives made of soy include: tofu, tempeh, vegetarian burgers and frankfurters, meatless luncheon slices, canned meat analogs (plant based versions of common meat products), ground soy burger, and soy bacon. Examples of dairy alternatives include: soy milk, soy creamers, soy yogurts, tofu­-based butter alternatives, soy whipped toppings, soy cheese, and non­-dairy desserts. Soy is sold in bulk fresh, frozen, and dried soybeans. Soy is used for textured vegetable protein in meal replacements and protein powders. Other soy foods including soy sauce, tamari, soy nut butter, and miso. Soy­-based formulas for infants are also popular. Soybean­-based oil is considered a commodity product and typically is not purchased for soy benefits. Margarines predominantly are soy­oil based; however, this category too is not necessarily purchased by consumers wishing to add soy to their diet. Historically, products made with soy date back many thousands of years. Soybeans are one of the world’s oldest crops, with a long, rich history in eastern world cuisine. Archeological evidence shows that soybeans were first cultivated in Eastern Asia more than 5,000 years ago. The earliest written record of soybean use dates back to the Book of Odes, penned in 1100 B.C. in China. The early Chinese called soybeans ta tou, which means 'greater bean.' It appears that tofu was developed by Buddhist monks in China during the Han Dynasty somewhere between 25 and 220 A.D. In the early 1700s, soybeans arrived and were first cultivated in Europe. They soon found their way to the United States but were not actually grown there at all until the 1800s. Benjamin Franklin was one of the country’s first vegetarians and, reportedly, the person who introduced tofu into the United States in the late 1700s.
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Soy Industry Research & Market Reports

  • Processed Meat, Seafood and Alternatives To Meat in Greece

    ... salmonella concerns towards the end of the review period. Under the auspices of EFET (the Hellenic Food Authority), several brands’ products were retracted after checks for salmonella. Both smaller and larger, more well-known brands were ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Nigeria

    ... eroded consumer purchasing power. These products are often perceived as luxury items in Nigeria, meaning consumers have adjusted their purchasing habits to prioritise essential goods. The sharp depreciation of the naira has led to steep ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Serbia

    ... prices. This product category is typically purchased for the convenience of fast meal preparation. However, consumers who are focused on economising have increasingly opted to buy fresh meat and cook at home, which has contributed ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Uzbekistan

    ... expected to be more moderate, as high inflation still persists. That being said, volume growth is positive, partly supported by continuing population. Processed meat continues to account for most values sales, and in particular chilled ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Latvia

    ... summer season boosted sales, as consumers increasingly opt for ready-to-cook barbecue products rather than preparing meals from scratch. This preference aligns with the broader trend of prioritising convenience, which has been a consistent driver in ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Uruguay

    ... the steep devaluation of the Argentinian peso at the end of 2023, which resulted in significant price increases in Argentina and consequently made cross-border shopping less lucrative for Uruguayan consumers. As a result, local consumers ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Tunisia

    ... tinned tune, continues to account for most value sales, and is considered an affordable source of protein and is heavily promoted in modern grocery retailers . Euromonitor International's Processed Meat, Seafood and Alternatives to Meat ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Morocco

    ... This decline is largely driven by the growing health and wellness trend, which has led Moroccan consumers to increasingly shun processed meats due to concerns about additives and preservatives used to extend shelf life. Fresh ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Kazakhstan

    ... uncertainty and declining purchasing power. In an effort to attract consumers and drive demand, manufacturers are implementing various marketing activities, including offering promotional prices and discounts. Euromonitor International's Processed Meat, Seafood and Alternatives to Meat ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Lithuania

    ... in 2024. However, this resurgence has not been evenly distributed across all categories. While chilled and fresh options have driven growth, shelf-stable products continue to struggle, reflecting a broader shift in consumer preferences. Products designed ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in the Netherlands

    ... Ukraine has disrupted global supply chains, particularly for animal feed, leading to substantial increases in feed costs. This has directly inflated meat prices, which have risen more steeply than those of other food categories, placing ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Pakistan

    ... ingredients in 2024. Brands such as K&N’s, Big Bird, and Sabroso have responded by prominently highlighting their commitment to using natural ingredients on their packaging, enhancing consumer trust. Euromonitor International's Processed Meat, Seafood and Alternatives ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Japan

    ... to the impact of price increases. Retail volume sales, on the other hand, are expected to continue to decline, marking negative growth for the third consecutive year. This is due to persistent inflation and subsequent ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Georgia

    ... tradition. Items such as sausages and cervelat sausage remain popular staples, although rising food prices have made consumers more price-sensitive, driving demand for affordable options. Discounts have played a crucial role in maintaining growth in ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in North Macedonia

    ... to be up marginally on the previous year. Current value sales have continued to increase at a much faster pace due to price hikes imposed to offset rising production costs, but growth in this respect ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Belgium

    ... meat still represents the largest proportion of meat consumed in Belgium. Chilled processed meat volume sales are falling though remain positive. Euromonitor International's Processed Meat, Seafood and Alternatives to Meat in Belgium report offers in-depth ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Austria

    ... of meat and seafood. In 2024, the average unit price of processed meat, seafood and alternative to meat is set to remain substantially higher than was seen in 2022. Frozen meat and seafood substitutes is ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Ecuador

    ... tuna producer, boasts companies that oversee extensive logistics chains from fishing to processing. Whilst a considerable percentage of the processed seafood is exported, efficient economies of scale ensure the availability of affordable products for local ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Bulgaria

    ... is in turn driven by perishable sausage products, which are still sold mostly in bulk by weight. Chilled process red meat is suffering from increasingly low-quality products sold through retail chains – a result of ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Argentina

    ... expansion. The decrease in purchasing power and the rise in unemployment are negatively impacting all category members, with frozen products suffering the most thanks to high unit prices. Argentinian consumers are replacing frozen processed red ... Read More

  • Tofu & Bean Curd Production in China - Industry Market Research Report

    ... an annualized 8.4% over the five years through 2022. In 2022, revenue is expected to grow by 8.7%, to reach $33.2 billion, mainly driven by increasing domestic demand during the COVID-19 pandemic. Exports are estimated ... Read More

  • Global Vegan Milk Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

    ... and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period. Vegan Milks are extracts from sources such as soy, almonds, coconuts, oats, rice is a ... Read More

  • Global Vegan Protein Supplements Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

    ... in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period. Protein is an important part of a healthy diet and animal sources are ... Read More

  • Soy & Almond Milk Production in the US - Industry Market Research Report

    ... the overall negative impact of COVID-19 on the economy. Revenue is estimated to rise at a CAGR of 2.8% to $3.2 billion through the end of 2023, although revenue is forecast to inch down 0.6% ... Read More

  • Processed Meat, Seafood and Alternatives To Meat in Dominican Republic

    ... a slight increase in both constant value and volume sales. The easing of inflation has a stabilising effect. Also, with significant increases in prices of plantain and yucca in 2024, which are often eaten as ... Read More

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