Extruded Soy Product Trends and Forecast
The future of the global extruded soy product market looks promising with opportunities in the supermarket/hypermarket, convenience store, and online store markets. The global extruded soy product market is expected to reach an estimated $853.1 million by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are growing awareness of wellness and health, rising interest in plant-based diets, and increasing popularity of vegetarian and vegan diets.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Extruded Soy Product by Segment
The study includes a forecast for the global extruded soy product by type, distribution channel, and region.
Extruded Soy Product Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Fried Tofu
• Soy Chicken
• Soy Curd Stick
• Others
Extruded Soy Product Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Supermarkets/Hypermarkets
• Convenience Stores
• Online Store
• Others
Extruded Soy Product Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Extruded Soy Product Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies extruded soy product companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the extruded soy product companies profiled in this report include-
• ADM
• CHS
• Roquette Freres
• Tianwei Biotechnology
• Furst-McNess Company
• Sonic Biochem
• Marico
• BRF Ingredients
• MB Mad Barn
• Impossible Foods
Extruded Soy Product Market Insights
Lucintel forecasts that soy chicken is expected to witness the highest growth over the forecast period.
Within this market, supermarket/hypermarket is expected to witness the highest growth over the forecast period.
North America will remain the largest region over the forecast period.
Features of the Global Extruded Soy Product Market
Market Size Estimates: Extruded soy product market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Extruded soy product market size by type, distribution channel, and region in terms of value ($M).
Regional Analysis: Extruded soy product market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, distribution channels, and regions for the extruded soy product market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the extruded soy product market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the extruded soy product market size?
Answer: The global extruded soy product market is expected to reach an estimated $853.1 million by 2030.
Q2. What is the growth forecast for extruded soy product market?
Answer: The global extruded soy product market is expected to grow with a CAGR of 4.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the extruded soy product market?
Answer: The major drivers for this market are growing awareness of wellness and health, rising interest in plant-based diets, and increasing popularity of vegetarian and vegan diets.
Q4. What are the major segments for extruded soy product market?
Answer: The future of the extruded soy product market looks promising with opportunities in the supermarket/hypermarket, convenience store, and online store markets.
Q5. Who are the key extruded soy product market companies?
Answer: Some of the key extruded soy product companies are as follows:
• ADM
• CHS
• Roquette Freres
• Tianwei Biotechnology
• Furst-McNess Company
• Sonic Biochem
• Marico
• BRF Ingredients
• MB Mad Barn
• Impossible Foods
Q6. Which extruded soy product market segment will be the largest in future?
Answer: Lucintel forecasts that soy chicken is expected to witness the highest growth over the forecast period.
Q7. In extruded soy product market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the extruded soy product market by type (fried tofu, soy chicken, soy curd stick, and others), distribution channel (supermarkets/hypermarkets, convenience stores, online store, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Extruded Soy Product Market, Extruded Soy Product Market Size, Extruded Soy Product Market Growth, Extruded Soy Product Market Analysis, Extruded Soy Product Market Report, Extruded Soy Product Market Share, Extruded Soy Product Market Trends, Extruded Soy Product Market Forecast, Extruded Soy Product Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.