Soy Dessert Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Soy
is a nutritional food product, widely accepted by almost all cultures across
the globe. Soy-milk has gained popularity among the lactose intolerant
population. Due to the low amount of carbohydrates, fats and cholesterol in soy
milk compared to dairy milk, it is a popular choice among the modern health
conscious population. Soy-desserts are a product of soy milk, which has lately
gained immense popularity due to the nutritional value of soy-milk.
Soy-desserts mainly include soy-ice creams, soy-pudding, soy-cheesecake, and
different soy-pies which are entirely dairy-free and made of soy-milk. There
has been phenomenal growth in the soy food industry, especially soy dessert.
The market is expected to grow at the same rate, if not more, in the future.
Soy-desserts have witnessed a growing acceptance world-wide, led by Asia. It is
expected that this trend of preference of soy over milk is going to sustain and
grow in the future due to the population surge in Asia. Australia,
Canada, and Spain are the other big markets for soy-dessert.
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The
increasing health consciousness of the people is a boon for the soy-dessert
industry. As these desserts provide considerably less calories than their dairy
substitutes, consumers can have a guilt-free indulgence in soy-dessert. This
dessert lies in the growing area of the convenience market, which has
contributed to its growth. Another major driver of this industry is the growing
lactose intolerance among people. Asian, South European people, and the
African-American population in the USA are the most intolerant to lactose. They
prefer soy-products to milk products and just by the sheer population of
lactose intolerant people, this industry can thrive and grow. Several flavoring
and masking agents have been developed to make soy-desserts more palatable,
increasing its appeal to the taste conscious population. Also, the price of
such a dessert is less compared to its dairy-substitute, which attracts even
the lactose tolerant population.
Although
soy-desserts are nutritional and contain fewer calories, they also lack one of
the main ingredients of cow milk - calcium. Soy-dessert is fortified with
artificial calcium, to increase its nutrient value, but it is not as effective
as the natural source. Some of the market players producing soy desserts are
Turtle Mountain and So Delicious among many others.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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