Global Soy Desserts Market By Distribution Channel (hypermarkets And Supermarkets, Food And Drink Specialists, Convenience Stores, Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
The Global Soy Desserts Market was worth USD XX billion in 2016 and estimated to be growing at a CAGR of 5.8%, to reach USD XX billion by 2021. Soy dessert is produced from soy milk and has been gaining popularity due to its nutritional value.
Soy desserts mostly consist of soy pies, soy cheesecakes, soy pudding, and soy ice creams which are completely dairy free and are manufactured using soy milk.
In the past few years, the soy food industry, predominantly soy dessert, has experienced substantial growth and is anticipated to further grow expansively.
Soy desserts are expected to gain approval worldwide and the market is expected to witness substantial growth, led by Asia owing to the mounting population in the region.
The Global Soy Desserts market is driven by the rising health consciousness, as an alternative to milk, meat and other animal products, in the developing and developed regions of the world. However, recent studies on the harmful effects of soy and its derivatives are hindering the growth of the market.
The Global Soy Desserts market is segmented on the basis of distribution channel and by region. On the basis of distribution channel, the market is distributed among hypermarkets and supermarkets, food and drink specialists, convenience stores and others.
The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In 2015, North America led the global Soy Desserts market in terms of market share.
The market share in Europe has dwindled owing to the rising incidence of obesity in the region coupled with increasing consumer health awareness. The market for these Soy Desserts in Asia-Pacific area is amplifying because more of consumption.
The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in the Soy Desserts market in the following years when compared with the seasoned markets of developed regions.
The major players operating in the Global Soy drinks industry include The Hershey Company, Whitewave Services Inc., Danone Group, Dean Foods Co., So Delicious, and Turtle Mountain.
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