Food & Beverage Market Research News

Soy desserts market set to grow according to forecasts

Soy desserts market set to grow according to forecasts

The Middle East and Africa Soy Desserts Market was worth USD XX million in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2021.

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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.

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In the past few years, the soy food industry, predominantly soy dessert, has experienced substantial growth and is anticipated to further grow expansively.

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Soy desserts are expected to gain approval worldwide and the market is expected to witness substantial growth.

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The Middle East and Africa Soy Desserts market is driven by 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 Middle-East and Africa 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 been geographically segmented into Middle East and Africa. The market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy.

However, rising demand among the populace with dispensable incomes and the anticipated growth of demand, are set to help the growth of the market.

The major players operating in the Middle East and Africa Soy drinks industry include The Hershey Company, Whitewave Services Inc., Danone Group, Dean Foods Co., So Delicious, and Turtle Mountain.

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