Soya products are food items made from soybeans; a legume native to East Asia. Soybeans are high in protein and can be processed into various products with different textures and flavors. Some common types of soya products include:
Soya products have become increasingly popular in recent years due to their high protein content and versatility in cooking. They are commonly used in vegetarian and vegan dishes and meat-based dishes as a protein substitute.
The market scope for soya products is significant and growing, with increasing demand driven by health concerns, environmental sustainability, and dietary restrictions. The global soya products market is projected to grow in the coming years, with a compound annual growth rate (CAGR) of over 7% expected between 2020 and 2025.
The key factors driving this growth include increasing health consciousness and awareness of the health benefits of soya products, particularly their high protein content and potential to reduce the risk of heart disease and certain cancers. In addition, rising demand for plant-based protein alternatives due to concerns about the environmental impact of meat production and increasing numbers of consumers adopting vegetarian and vegan diets is also driving demand for soya products.
The market for soya products is segmented by product type, including soya milk, tofu, tempeh, and soya protein isolates. The market is also segmented by application, including food and beverage, animal feed, pharmaceuticals, etc. Asia-Pacific is currently the largest market for soya products, followed by North America and Europe.
Some of the major players in the global soya products market include Archer Daniels Midland Company, Cargill, DuPont Nutrition & Health, Kerry Group, and The Scoular Company, among others.
There are several major players in the market for soya products. Some of the key players include:
Other notable players in the market include ADM Wild Europe GmbH & Co.KG, Axiom Foods, Inc., Fuji Oil Holdings, Inc., Kellogg Company, and Wilmar International Limited.
The commercial production of soya products involves several steps, including:
Soya products are used in various applications such as meat substitutes, dairy alternatives, and other food products. The production of soya products is a major industry, with large-scale production facilities located worldwide, particularly in Asia and North America.