Global Soy desserts Market to reach USD 87 billion by 2025
Global Soy desserts Market valued approximately USD 61.5 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2018-2025. The major driving factors of global soy desserts market are growing health awareness among people, Growing urbanization, progress in the global population, and chaotic lifestyle
"The global soy flour market size is expected to reach USD 3.7 billion by 2025, expanding at a CAGR of 3.5% over the forecast period. Increasing demand for gluten-free and high nutritional value flour in the food industry is propelling the demand for soy based flour. In addition, growing vegan population is one of the key factors boosting the demand for the product as it is the best meat substitute available in the market. These factors are anticipated to ensure the significant growth of the market over the forecast period.
Consumers are shifting their preferences towards healthy and nutritious foods due to increasing health consciousness. Soy based flour is rich in isoflavones, omega-3 fatty acids, protein, vitamins, calcium, fiber, and iron. High nutritional value, along with gluten-free property, makes the product perfect as a nutritious food and meat substitute. In order to cater to this growing demand for meat substitute as well as baked and functional goods, major manufacturers are adopting strategies including mergers and acquisitions as well as new product launches."
The Saudi Arabian Dairy and Soy Food Sector is led by the 'milk' category in both value and volume terms, while the soymilk and soy drinks category is expected to register the fastest value growth during 2018-2023.
Trading and Clearing Members are requested to note that, with the approval of the Forward Markets Commission, the near month limit for Refined Soy Oil contracts
Cheese (Dairy & Soy Food) Market in Saudi Arabia - Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Cheese market in Saudi Arabia.
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Overall trend for soybean shows negative trend in coming session, but it moderate at lower level.
Traders are advised to sell on rise in coming session.