NEW YORK, March 8, 2016 /PRNewswire/ -- The North America soy beverages market was worth USD 1540.47 million in 2015. The market is estimated to reach a value of USD 2025.72 million by 2020, with a CAGR of 5.63% 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 is processed into some of 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. These soy beverages are consumed because of the increased availability and the scientific facts that prove the many health benefits, which includes lowering of blood cholesterol and reducing the risk of certain cancers.
Soy bean based foods, apart from being a complete source of protein, also contain other crucial nutrients, such as fiber, B vitamins and omega-3 fatty acids. All these nutrients play an important role in the growth of infants, fetal growth in pregnant women, and provide various other health benefits for children and adults alike. The rising health consciousness in the developing and developed regions is driving the soy beverages market. The recent studies on the harmful effects of soy and its derivatives is hindering the growth of the market.
The soy beverages market can be segmented into soy milk and yogurt smoothies. They are highly recommended for the lactose intolerant or dairy allergic population. The protein content in soy milk is equivalent to the one is cow milk. However, unlike cow milk, soy milk has little amounts of saturated fats and no cholesterol. The soy yogurt smoothie is generally low-fat and hence is preferred over regular smoothies.
North America is a fast-growing market, with the US having the highest share of USD 831.79 million in 2015. The US has the highest projected growth rate, followed by Canada and Mexico. Silk, Organic Valley, Kikkoman Pearl Soymilk are a few major players, which are adopting several strategies to increase their market share. There is a huge scope for development through the launch of new beverages, thus shifting the focus from the traditional and most opted beverage, plain soy milk.
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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.
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