Soy meat is a defatted soy flour product, a by-product of extracting soybean oil. Due to increased health and benefit concerns, the global soy meat market is expected to have strong demand during the forecast period. Soy meat is a good source of plant proteins. In recent years, consumer demand for plant-based meat has often outpaced the industry’s supply chain capabilities. For instance, in 2020, retail sales for plant-based alternatives grew twice as fast as overall food sales in the United States. Sales for plant-based meat, in particular, grew 45 percent. This rising demand is influencing the sector in many ways, including an increasing number of farmers breaking into this “pulsing” category.This growth is primarily driven by Surging Popularity of Soy Meat Owing to Numerous Benefits Such as Easy to Digest and Rich in Protein and Increasing Application of Soy Meat as Animal Feed.
|Unit||Value (USD Million)|
|Key Companies in Study||Archer Daniels Midland (United States), Cargill (United States), Hain Celestial (United States), DuPont (United States), Eden Foods (United States), WhiteWave Foods (United States), Blue Diamond Growers (United States), Dean Foods (United States), Freedom Food Group (United States) and Northern Soy (United States)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
Globally, a noticeable market trend is evident Growing Health Consciousness among the People Growing Adoption of Vegetarian Lifestyles
. Major Vendors, such as Archer Daniels Midland (United States), Cargill (United States), Hain Celestial (United States), DuPont (United States), Eden Foods (United States), WhiteWave Foods (United States), Blue Diamond Growers (United States), Dean Foods (United States), Freedom Food Group (United States) and Northern Soy (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 29th November 2021, DM, a global leader in nutrition and agricultural origination and processing, announced today that it has completed its acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients. The addition represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet the growing demand for plant-based foods and beverages.
The U.S. Food and Drug Administration has allowed soy products to carry claims about heart benefits since 1999. “Patients can feel confident that soy will help lower cholesterol in the same way as other FDA approved plant foods such as nuts, oats and barley, psyllium products and plant sterol margarine,”
- Surging Popularity of Soy Meat Owing to Numerous Benefits Such as Easy to Digest and Rich in Protein
- Increasing Application of Soy Meat as Animal Feed
- Growing Health Consciousness among the People Growing Adoption of Vegetarian Lifestyles
- Rapid Shift from Animal-based Protein to Soy-based Protein
- High Consumption of Soy Meat which is Rich in Estrogen can cause some Hormonal Imbalance
- Demand-Supply Imbalance Creates Inconvenience for Manufacturers
The High Price of Animal Proteins can create Growth Opportunities for Plant-based Proteins
Stringent Regulatory Guidelines on the Soy Food Products
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Soy Meat Study Sheds Light on
The Soy Meat Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Soy Meat industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Soy Meat industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.