Global Soy Desserts Market to Reach US$ 125.7 Billion by 2032, Propelled by Increasing Health Consciousness Among the Masses

April 04, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “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”, the global soy desserts market size reached US$ 74.5 Billion in 2023. Soy desserts are desserts made from soybeans or soy-based products, such as soy milk, tofu, or soy flour. Soy desserts are a good source of plant-based protein that are typically low in saturated fats, and gluten-free, making them a popular option for people with celiac disease or gluten intolerance. Soy desserts are extremely nutrient-dense with protein, vitamins, and minerals and high fiber content, which can help in enhancing digestive health and reduce the risks of developing several chronic diseases. Soybeans are extensively utilized in a variety of dessert recipes, such as cakes, cookies, puddings, ice creams, pastries, pie, tarts, muffins, and candies, which makes them a popular choice for vegetarians and vegans. These desserts are available in a variety of forms and flavors, providing a wide range of options for people with different taste preferences and are often consumed as a healthier alternative to traditional desserts. Since soybeans are a sustainable source of protein, the usage of soy-based products in desserts helps reduce the harmful environmental impact of dairy industry.

Global Soy Desserts Market Trends:

The global market is majorly driven by the increasing health consciousness among individuals resulting in the growing adoption of a nutritious diet. This can be attributed to the rising awareness regarding the numerous benefits of soybeans as a food ingredient. In line with this, the emerging trend of veganism is resulting in a higher demand for plant-based proteins, which, in turn, is providing an impetus to the market. Moreover, the rising incidences of chronic diseases, such as obesity and diabetes, due to the sedentary lifestyles led by the individuals are impacting the market positively. Besides this, the growing number of lactose-intolerant individuals leading to the augmenting demand for dairy-free dessert options is also acting as a significant growth-inducing factor for the market. The market is further fueled by the easy availability of various soy desserts via online and offline organized retail channels. Apart from this, the introduction of innovative marketing campaigns and celebrity endorsements promoting soy desserts as “guilt free” dessert indulgence for fitness enthusiasts is creating lucrative growth opportunities in the market. Some of the other factors contributing to the market include rapid urbanization, the product premiumization trend, growing number of soy dessert dishes served in restaurants, hotels and food outlets, inflating disposable income levels, and extensive research and development (R&D) activities conducted by key players. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 125.7 Billion by 2032, exhibiting a CAGR of 5.8% during 2024-2032.

Market Summary:

Based on the product, the market has been segmented into cakes and pastries, ice cream, pudding, and others. Among these, cakes and pastries represent the largest market segment.
On the basis of the distribution channel, the market has been divided into hypermarket, convenience stores, and online retailers. Among these, hypermarket accounts for the dominant market share.
On the geographical front, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa. At present, North America holds the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include AFC Soy Foods, Alpro (Danone S.A.), and Trader Joe's (T.A.C.T. Holding, Inc.).

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Product Covered	Cakes and Pastries, Ice Cream, Pudding, Others
Distribution Channel Covered	Hypermarket, Convenience Stores, Online Retailers
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	AFC Soy Foods, Alpro (Danone S.A.), and Trader Joe's (T.A.C.T. Holding, Inc.).
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Soy Desserts Market to Reach US$ 125.7 Billion by 2032, Propelled by Increasing Health Consciousness Among the Masses

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.