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Report
Soy Desserts Market Report by Product (Cakes and Pastries, Ice Cream, Pudding, and Others), Distribution Channel (Hypermarket, Convenience Stores, Online Retailers), and Region 2024-2032
Market Report I 2024-04-08 I 148 Pages I IMARC Group
The global soy desserts market size reached US$ 74.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 125.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032. The increasing health consciousness, easy availability via online food delivery applications, and the growing popularity of soy desserts among fitness enthusiasts represent some of the key factors driving the market.
Soy is a high protein, plant-based food that aids in managing cholesterol levels, treating osteoporosis, improving bone health, and reducing the symptoms of developing diabetes and heart diseases. It is widely used in the preparation of various food products and drinks as it is rich in calcium, iron, magnesium, phosphorous, potassium, thiamin, and other essential nutrients. It is commonly available in the form of milk, oil, tofu, and whole variants. At present, soy finds extensive application in the preparation of desserts like ice cream, cake, pastries, pie, tarts, muffins, chocolate, candies, and cookies. Soy desserts are increasing being served in cafes, restaurants, hotels, quick-service restaurants (QSRs), and other food outlets across the globe.
Soy Desserts Market Trends:
Presently, factors like rapid urbanization, increasing purchasing power, and the growing adoption of a nutritious diet are among the key factors driving the demand for soy desserts around the world. Moreover, the rising health consciousness among individuals and the growing awareness among the masses about the benefits of consuming soy desserts as compared to dairy-based dessert are currently influencing the market positively. In addition, the increasing sales of soy desserts through various online food delivery applications on account of the easy availability, busy lifestyles, and doorstep delivery is contributing to the market growth. Apart from this, there is a rise in the prevalence of various medical disorders due to sedentary lifestyles and unhealthy dietary patterns. This, coupled with the surging prevalence of obesity and lifestyle and chronic diseases, is catalyzing the demand for soy-based food products and desserts worldwide. Furthermore, with the growing population of lactose-intolerant individuals and the increasing adoption of veganism, there is a rise in the demand for dairy-free products, such as soy-based food products like desserts. Besides this, the increasing number of people going to the gym, the rising adoption of protein-based diets, and the growing popularity of soy desserts among fitness enthusiasts for guilt free indulgence are some of the other factors creating a positive outlook for the market. Additionally, key players are financing advertising campaigns, such as celebrity endorsements and social media endorsements, for improving their existing sales and profitability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global soy desserts market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on product and distribution channel.
Product Insights:
Cakes and Pastries
Ice Cream
Pudding
Others
The report has provided a detailed breakup and analysis of the soy desserts market based on the product. This includes cakes and pastries, ice cream, pudding, and others. According to the report, cakes and pastries represented the largest segment.
Distribution Channel Insights:
Hypermarket
Convenience Stores
Online Retailers
A detailed breakup and analysis of the soy desserts market based on the distribution channel has also been provided in the report. This includes hypermarket, convenience stores, and online retailers. According to the report, hypermarket accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, North America was the largest market for soy desserts. Some of the factors driving the North America soy desserts market included the increasing number of individuals with the high level of lactose intolerance, rising consumption of puddings, cakes, and ice creams, the growing health consciousness population, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global soy desserts market. Detailed profiles of all major companies have also been provided. Some of the companies covered include AFC Soy Foods, Alpro (Danone S.A.), and Trader Joe's (T.A.C.T. Holding, Inc.). Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global soy desserts market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global soy desserts market?
What are the key regional markets?
Which countries represent the most attractive soy desserts markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the distribution channel?
What is the competitive structure of the global soy desserts market?
Who are the key players/companies in the global soy desserts market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Soy Desserts Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Cakes and Pastries
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Ice Cream
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Pudding
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Hypermarket
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Convenience Stores
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Online Retailers
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 AFC Soy Foods
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Alpro (Danone S.A.)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Trader Joe's (T.A.C.T. Holding, Inc.)
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Figure 1: Global: Soy Desserts Market: Major Drivers and Challenges
Figure 2: Global: Soy Desserts Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Soy Desserts Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Soy Desserts Market: Breakup by Product (in %), 2023
Figure 5: Global: Soy Desserts Market: Breakup by Distribution Channel (in %), 2023
Figure 6: Global: Soy Desserts Market: Breakup by Region (in %), 2023
Figure 7: Global: Soy Desserts (Cakes and Pastries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Soy Desserts (Cakes and Pastries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Soy Desserts (Ice Cream) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Soy Desserts (Ice Cream) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Soy Desserts (Pudding) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Soy Desserts (Pudding) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Soy Desserts (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Soy Desserts (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Soy Desserts (Hypermarket) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Soy Desserts (Hypermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Soy Desserts (Convenience Stores) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Soy Desserts (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Soy Desserts (Online Retailers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Soy Desserts (Online Retailers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: North America: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: North America: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: United States: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: United States: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Canada: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Canada: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Asia-Pacific: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Asia-Pacific: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: China: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: China: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Japan: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Japan: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: India: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: India: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: South Korea: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: South Korea: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Australia: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Australia: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Indonesia: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Indonesia: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Others: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Others: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Europe: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Europe: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Germany: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Germany: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: France: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: France: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: United Kingdom: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: United Kingdom: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Italy: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Italy: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Spain: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Spain: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Russia: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Russia: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Latin America: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Latin America: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Brazil: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Brazil: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Mexico: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Mexico: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Others: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Others: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Middle East and Africa: Soy Desserts Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Middle East and Africa: Soy Desserts Market: Breakup by Country (in %), 2023
Figure 69: Middle East and Africa: Soy Desserts Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Global: Soy Desserts Industry: Drivers, Restraints, and Opportunities
Figure 71: Global: Soy Desserts Industry: Value Chain Analysis
Figure 72: Global: Soy Desserts Industry: Porter's Five Forces Analysis
Table 1: Global: Soy Desserts Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Soy Desserts Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Soy Desserts Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 4: Global: Soy Desserts Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Soy Desserts Market: Competitive Structure
Table 6: Global: Soy Desserts Market: Key Players
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