LONDON, March 8, 2016 /PRNewswire/ -- The Africa soy beverages market was worth USD 393.41 million in 2015. The market is estimated to reach a value of USD 500.97 million by 2020, with a CAGR of 4.95% during the forecast period. Soy, a plant derived bean is considered to be one of the best sources of protein. It is an edible seed which has numerous advantages, and hence several applications. Studies show that soy consumption is associated with a reduction in low-density lipoprotein and triglycerides. This versatile bean can be processed into the most common foods like soy milk, soy sauce, miso, tempeh and tofu. Whole soy beans and products containing these are rich sources of proteins.
Soy has a positive effect on bone mineral density, and hence is beneficial for growing infants. The popularity of soy beverages can be attributed to their increased availability and the scientific facts that prove the many health benefits of soy, which includes lowering of blood cholesterol and reduction of the risk of certain cancers.
Soy bean-based foods, apart from being a complete source of protein, also contain other important nutrients, such as fiber, B vitamins and omega-3 fatty acids. All these nutrients are present in soy beverages and thus they play an important role in the growth of infants, fetal growth in pregnant women and has various other health benefits for children and adults alike.
The recent studies on the harmful effects of soy and its derivatives is hindering the growth of the market.
South Africa had the highest market share worth USD 192.88 million in 2015 followed by Egypt. The soy beverages market can be segmented into soy milk and yogurt smoothies. The soy yogurt smoothie is generally low-fat and hence is more preferred over regular smoothies. Soy milk contains little digestible calcium as it is bound to the bean. Studies show that soy consumption is associated with a reduction in low-density lipoprotein and triglycerides.
Silk, Organic Valley, Kikkoman Pearl Soymilk are a few major players which are adopting several strategies to increase their market share. There a huge scope for development by launching new beverages, thus shifting the focus from the traditional and most opted beverage, plain soy milk.
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WHAT THE REPORT OFFERS
Market definition along with identification of key drivers and restraints for the market.
Market analysis with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the macro and micro factors that affect the industry on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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