Published on : Jul 26, 2016
Albany, New York, July 26, 2016 – The global dairy and soy products market is witnessing a rapid change in response to the changing purchase patterns and consumer preferences worldwide. Market Research Hub has announced the addition of the “Global Dairy & Soy Food Report” report to their offering. The report offers key insights into the global dairy and soy food market and an in-depth study of the driving factors, constraints, opportunities, and trends in the global dairy and soy food market. The key players dealing in this vertical, along with their vital contributions to the market, have also been presented in the study. The research report thus provides qualitative and quantitative insights into the global dairy and soy food market.
Dairy products are food and beverages obtained from processing the milk of mammals such as cows, buffaloes, goats, camels, horses, and sheep. Soy is a bean used to produce products such as soy milk, soy sauce, miso, tempeh, and tofu. Soy is rich in protein and fats, and soy milk has consequently become a popular alternative to milk for lactose intolerant people.
The global dairy and soy food market is estimated to flourish with the rising demand for dairy and soy products in developing countries in MEA, Asia Pacific, and Eastern Europe. Countries such as India, Russia, and China are anticipated to lead in terms of growth rate, the reason being the growth in demand for dairy products due to their fairly low per capita consumption. Contrary to this scenario, developed countries in North America and Western Europe are expected to witness a fall in the demand for dairy products, coupled with a surge in the demand for soy products.
The report presents various factors driving and restraining the global dairy and soy food market. The growing health consciousness of the urban population presents a great opportunity for the global dairy and soy food market due to the excellent nutritive profile of soy, including a high volume of proteins and association with a reduction in the risk of heart disease. A rise in the demand of low saturated fat and cholesterol-free soy has been witnessed from the sports, nutrition, and weight management industries. This has been linked with the immunity-boosting properties of soy.
Several regional trends are fueling the dairy and soy products industry. The emphasis given on nutritional value by consumers in emerging nations is propelling the growth of the dairy sector in the global dairy and soy foods market. However, rising feed prices, economic and political volatility, and a widening gap between demand and supply are the key restraining factors in the growth of the global dairy and soy food market.
Changing lifestyles and working patterns are likely to build up an opportunity for the dairy and soy products industry. According to the report, a rise in the demand for processed and on-the-go food can potentially bring about changes in the global dairy and soy products market.
The report includes an in-depth analysis of 50 countries on the basis of economic development, governance indicators, market assessment, socio-demographic trends, and technological infrastructure. The high consumption of dairy and soy products in Germany and France makes Western Europe the largest market for dairy and soy foods globally. Asia Pacific is the second largest regional market and is primarily driven by the growing demand for dairy and soy food in China and India.
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According to the report, the global dairy and soy foods market is highly fragmented. The top five brands – Amul, Activia, Kraft, Mengniu, and Yili – together account for less than 6% of the global market. The report also discusses the various distribution channels at the global and regional level and their market shares. The various packaging formats used to store and transport dairy and soy food have been discussed in the report.
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