IMARC Group, a leading market research company, has recently releases report titled “Soy Desserts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global soy desserts market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Soy Desserts Market?
The global soy desserts market size reached US$ 69.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
What are Soy Desserts?
Soy desserts, a category of culinary delights, are defined by their key ingredient, soy, which is derived from soybeans. These desserts are characterized by their unique blend of flavors and textures, offering a delightful experience for those seeking alternatives to traditional dairy-based sweets. One of the notable features of soy desserts is their versatility, as they can encompass a wide range of treats, including soy milk-based puddings, tofu-based cheesecakes, and soy yogurt parfaits.
These desserts are celebrated for their creamy and smooth consistency, making them an excellent choice for individuals with lactose intolerance or those following a vegan diet. Moreover, soy desserts often boast a subtle, nutty flavor that pairs well with various toppings and flavorings, allowing for creative culinary exploration. Additionally, they are known for their potential health benefits, as soy is a source of plant-based protein and contains essential nutrients.
What are the growth prospects and trends in the soy desserts industry?
The rising health consciousness among consumers and the growing preference for plant-based diets are key drivers of the market growth for soy desserts. Additionally, the increasing awareness of the health benefits associated with soy products, such as high protein content and low cholesterol levels, is significantly boosting the market for soy-based desserts. The incorporation of innovative flavors and textures in soy desserts, along with the development of specialized dietary products, is propelling market growth.
The trend towards clean label products, which emphasize natural and non-GMO ingredients, is a major growth-inducing factor for soy desserts. This trend supports the creation of diverse product ranges that cater to health-conscious consumers and those with dietary restrictions, thereby enhancing the market’s appeal. The growing vegan and vegetarian population, seeking dairy-free dessert alternatives, is contributing to market expansion. Furthermore, government initiatives promoting healthy eating habits and the rising awareness about environmental sustainability associated with plant-based diets are bolstering the growth of the soy desserts market.
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Who are the key players operating in the industry?
The report covers the major market players including:
- AFC Soy Foods
- Alpro (Danone S.A.)
- Trader Joe’s (T.A.C.T. Holding, Inc.).
What is included in market segmentation?
The report has segmented the market into the following categories:
- Cakes and Pastries
- Ice Cream
Distribution Channel Insights:
- Convenience Stores
- Online Retailers
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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