Soy Food Market in the US 2015-2019 Size and Share Published in 2015-12-02 Available for US$ 2500 at Researchmoz.us
Description
Overview of the soy market in the US
Technavios research analyst predicts the soy market in the US to reach a market value of around USD 17 billion by the end of 2019. The efficient production and bulk transportation of soybeans are the primary drivers of the growth of this market. Moreover, soy is one of the most economically produced grain in the US. Soy protein ingredient is one of the most efficient protein ingredient catering to a variety of food products such as meat, cereals and baked goods.
The rising trend of a fiber rich diet in the US is also expected to contribute to the market growth. The rise in obesity has led to a shift towards healthy snacks in the region. Soy products are a cost effective protein and act as a perfect substitute. Vendors in the market have started developing healthy soy based products. According to a survey by the US Soybean Board, around 75% of the consumers perceive soy food as healthy.
Segmentation by product and analysis of the soy market in the US
Whole soy food
Soy additives
Soy oil
Technavios analysts expect the soy oil segment to dominate the soy market in the US and reach a market value of USD 8 billion by the end of 2019. The rising demand is attributed to the increased use of soybean oil as a vegetable oil. The nutritional benefits of this oil are also one of the main factors for the increasing popularity. It is low in saturated fat and is a primary source of omega three fatty acids and Vitamin E.
Competitive landscape and key vendors
The market is expected to witness intense competition during the forecast period, with several product launches, price wars, mergers and acquisition to be drivers for many key companies.
The leading vendors in the market are -
Archer Daniels Midland
Cargill
DuPont
White Wave
Hein Celestial
Other prominent vendors in the market include Blue Diamond Growers, Chilliman, Dean Foods, Eden Foods, EL Burrito, Harvest Innovations, Living Harvest, Panos Brands, Pinnacle, Stremick's Heritage Foods, Scoular, and Tofurky.
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