Soy Food Market in the US 2017-2021

Overview of the soy food market in the US

Lactose intolerance resutls in various issues inclduing digestive problems, flatulence, diarrhea, bloated stomach, stomach cramps and pains, and stomach rumbling. Our research analysis on the soy food market in the US identifies that the rising levels of lactose intolerance and dairy allergies will be one of the major factors that will have a positive impact on the market's growth. It has been observed that the cases of food allergies have increased in the US by 18% over the past last decade. Around 30-50 million US consumers are lactose-intolerant. The rising prevalence of lactose intolerance in the country is compelling consumers to adopt non-dairy products, soy protein, and animal proteins. This will boost the sales of soy-based products, fueling market growth. Technavio's market research analysts predict that this global market will post a revenue of almost USD 17 billion by 2021.

The growing awareness about meat analogs such as soy meat and the health benefits of organic dairy alternatives are driving the demand for organic soy foods such as organic soy milk. With the consumers increasingly preferring organically grown products due to the rising awareness on the production of genetically modified (GM) crops, the coming years will witness a rise in the demand for organic soy food products. According to this industry research report, this rising demand for organic soy food will be one of the key trends that will gain traction in this market during the estimated period.

Competitive landscape and key vendors

The soy food market in the US is characterized by the presence of many vendors. The vendors are increasingly competing against each other based on factors such as price, product differentiation, quality, distribution, and promotion. Though the regional and local players are investing heavily in the production of soy products, the established players have a competitive edge over these regional vendors. To survive the market's competitive environment, the vendors are increasingly focusing on improving product quality.

Key vendors in this market are -

• Archer Daniels Midland
• Cargill
• Hain Celestial
• WHITEWAVE FOODS

Other prominent vendors in the market include Blue Diamond Growers, Dean Foods, DuPont, Eden Foods, Northern Soy, PACIFIC FOODS OF OREGON, and SunOpta.

Segmentation by product and analysis of the soy food market in the US

• Whole soy foods
• Soy oil

The production process of soy oil includes degumming, refining, bleaching, and deodorizing soy. The demand for soy oil is high in the US due to the numerous health benefits associated with it. Soy oil boosts the immune system, promotes healthy skin and eyes, and regulates the cholesterol levels. The demand for soy oil will continue to increase in the US during the next four years due to its emulsifying ability and low-calorie content.

Segmentation by distribution channel and analysis of the soy food market in the US

• Hypermarkets and supermarkets
• Health food stores

Hypermarkets and supermarkets are the leading distribution channel for soy foods in the US. This is mainly due to the growth of the organized retail sector in the country. Also, supermarkets and hypermarkets expand shelf space for alternative dairy drinks, include soy-based dairy alternative beverages, and stock various soy milk brands. This in turn, will drive the preference of consumers to these stores.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the soy food market in the US?
• What are the key market trends impacting the growth of the soy food market in the US?
• What are the challenges to market growth?
• Who are the key vendors in the soy food market in the US?
• What are the market opportunities and threats faced by the vendors in the soy food market in the US?
• What are the trending factors influencing the market shares of the US?
• What are the key outcomes of the five forces analysis of the soy food market in the US?

Technavio also offers customization on reports based on specific client requirement.

The upcoming research report on the soy food market in the US provides extensive information on the food and beverage industry by covering its total market size, the growth rate, emerging trends, and key growth drivers. It also maps out the competitive intelligence within the food sector by covering vendors like ADM, Cargill, White Wave Foods, The Hein-Celestial Group, Eaton, Blue Diamond Growers, DuPont, Dean Foods, Northern Soy, Earth's Own Food Company, Eden Foods, Freedom Foods Group, Living Harvest, Kellogg, SunOpta, Nutriops, and Pacific Foods.

The research analysts at Technavio gather extensive data and information using qualitative and quantitative research, and process those using complex statistical models to present an accurate growth forecast of the market. Research analyst at Technavio uses literature review, case studies, empirical study, and secondary analysis as some of the research tools to help the clients understand the key growth drivers for the market and make business plans accordingly.

The upcoming report on the soy food market in the US also considers the growth of related markets such as the cardamom market and dietary supplements market which are expected to grow at the rate of 2% and 7%, respectively, for the forecast period of 2017 to 2021. The report on the soy foods market in the US  also analyses well performing geographic areas within the US by their relative market size and market share. Our analysts have predicted that rising incidence of lactose intolerance and dairy allergies could drive the growth of soy foods market.

The upcoming industry research report on the soy foods market in the US reports on market intelligence parameters such as growth rate, production and distribution, major vendors, supply chain and logistics, and also outlines the challenges faced by this market in the US. Technavio also covers trends and developments across related sectors such as non-alcoholic beverage and food service.

Our market research methodology for the soy foods market in the US

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.