The
global Soy Dessert Market size is expected to reach USD
90.2 billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 7.2% over the forecast period. Growing awareness about
the health benefits, rising lactose intolerance, and shifting trends to healthy
sweets are expected to drive the market in the forecast period.
Soy milk
contains less fats, carbohydrates, and cholesterol as compared to dairy milk,
thus rising health consciousness among young consumers is expected to increase
the demand for the product in the coming years. The product is high in protein
and it helps in weight loss thus are good for obese population. These are the
prominent factors that are expected to drive the market for the product in the
forecast period.
Based on
distribution channel, hypermarket dominated the market and accounted for more
than 65.0% share of the global revenue in 2018. Availability of a wide variety
of the products under one roof, discounts, and presence of international
players are the prominent factors for the segment growth. Online retailers is
the fastest growing segment and is expected to witness significant growth in
the forecast period. Increasing internet usage and penetration in the rural
areas and ease of access to the young consumer group are propelling the demand
for the segment in the forecast period.
Cakes and
pastries dominated the market and accounted for more than 65% share of the
overall revenue. Increased usage of the product in countries such as U.S and
other European countries and high intolerance of lactose are driving the market
for the product. Ice cream is the fastest growing segment and is expanding at a
CAGR of 8.0% in the forecast period. Presence of a large number of flavors and
pocket-friendly small packs are the prominent factors for the segment growth.
In countries such as Brazil, consumption of ice cream is higher in comparison
to cake.
North America
is the dominant regional market and the region accounted for 28.0% share of the
overall revenue. High lactose intolerance among consumers in countries such as
Canada and U.S is the prominent factor driving the regional market. Asia
Pacific is the fastest growing region and is expanding at a CAGR of 8.3% in the
forecast period. Increasing awareness about health problems due to lactose in
developing countries such as India and China and large consumer base of more
than 34.0% of the global population are the prominent factors for the regional
market growth.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/soy-dessert-market
https://www.grandviewresearch.com/industry-analysis/soy-dessert-market
Further
key findings from the study suggest:
- By product, ice cream is projected to expand at a CAGR
of 8.0% over the forecast years
- Hypermarket is the most preferred distribution channel
and it accounted for more than 65.0% share of the overall revenue in 2018
- Asia Pacific is the fastest growing regional soy dessert
market with a CAGR of 8.3% due to its large variety of products,
advertisement, and discounts
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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