Overview of the soy market in the US
Publishers 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
Publishers 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 soy market in the US is highly concentrated due
to the presence of leading vendors operating in the US market. With the rising
competition, manufacturers are developing new protein products to meet the
increasing demand for tastier and healthier protein food among the customers.
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.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019
- What are the key factors driving the soy market in the US
- What are the key market trends impacting the growth of the soy market in the US
- What are the challenges to market growth
- Who are the key vendors in this market space
- What are the market opportunities and threats faced by the vendors in the soy market in the US
What are the key outcomes of the five forces
analysis of the soy market in the US
Spanning over 60 pages and 32 Exhibit “Soy
Food Market in the US 2015-2019” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market landscape, Overview
of the soy food market by application, Market segmentation by product type,
Market drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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more information Visit at: http://mrr.cm/o6B
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