Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Soy Dessert Market Size is Estimated to Grow from USD 80.12 Billion in 2023 to USD 142.74 Billion by 2033, Growing at a CAGR of 5.95% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Soy Dessert Market Size, Share, and COVID-19 Impact Analysis, By Product (Ice-cream, Cakes, Puddings, and Others), By Distribution Channel (Supermarkets and Hypermarkets, Online Stores, Convenience Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The market for soy-based desserts, including cakes, puddings, and ice cream, is the global soy dessert market. Dairy substitutes including almonds, oats, and soy are in high demand in various foods, including desserts, due to the fast-rising health consciousness of consumers worldwide and the rising incidence of lactose intolerance. Additionally, soy has several significant nutritional advantages that have increased its appeal to health-conscious people. Furthermore, noteworthy growth potential for the sector has been provided by the growing availability of soy-based desserts through retail establishments and online platforms. Soy desserts have greatly improved in taste, texture, and diversity in recent years. Similar to classic dairy desserts, soy-based ice creams, puddings, cakes, and other sweets offer a satisfying experience. Due to this innovation, businesses can draw in more mainstream customers who might otherwise be wary of plant-based sweets. Premium soy desserts with distinctive flavors, such as matcha, salted caramel, fruit infusions, and artisanal preparations, are becoming more and more popular as customer preferences get more sophisticated. Increasingly, producers are experimenting with novel flavors, textures, and ingredients to appeal to specialized markets and affluent customers. However, the higher cost of soy desserts compared to conventional dairy products may put off budget-conscious shoppers. Costs associated with production and raw materials might affect pricing tactics, restricting market penetration and accessibility.
The cakes segment held the largest market share of 66.34% in 2023 and is estimated to grow at a CAGR of 4.19% throughout the projection period.
Based on the product, the global soy dessert market is categorized into ice cream, cakes, puddings, and others. Among these, the cakes segment held the largest market share of 66.34% in 2023 and is estimated to grow at a CAGR of 4.19% throughout the projection period. Owing to these dessert products' widespread appeal and sales. Their demand has increased significantly, especially in regions where consumers are becoming more health-conscious and interested in plant-based diets and dairy-free products. Customers of all stripes enjoy soy-based cakes, which employ soy products, such as soy milk, tofu, or soy protein, in place of conventional dairy or eggs. People with dietary constraints, such as lactose intolerance or vegan preferences, as well as those looking for healthier dessert options, especially like these cakes.
The supermarkets and hypermarkets segment held the largest share in 2023 and is estimated to grow at a CAGR of 3.78% throughout the projection period.
Based on the distribution channel, the global soy dessert market is divided into supermarkets & hypermarkets, online stores, convenience stores, and others. Among these, the supermarkets and hypermarkets segment held the largest share in 2023 and is estimated to grow at a CAGR of 3.78% throughout the projection period. In retailers such as Walmart, several companies advertise their goods by giving away free samples and discount coupons to attract new customers. Since plant-based alternatives are becoming more and more popular for ethical, health, and environmental reasons, supermarkets & hypermarkets are taking advantage of this trend by expanding their selection of soy-based dessert items. Since they prefer supermarkets & hypermarkets to other distribution methods, consumers are increasingly looking for newer types of cakes, puddings, and pastries while making purchases.
North America is expected to hold the largest share of the global soy dessert market through the forecast period.
North America is expected to hold the largest share of the global soy dessert market through the forecast period. A competitive market has developed in this region due to the rapid growth of the vegan population and the presence of a significant lactose-intolerant population major fast-food chains and smaller restaurants in the U.S. and Canada have expanded their menus to include more soy-based products in response to the increasing popularity of this ingredient, and regional authorities are continuously taking steps to ensure that manufacturers use high-quality ingredients and adhere to best practices when producing their products.
Asia Pacific is predicted to grow at the fastest CAGR of the global soy dessert market over the forecast period. The market for soy-based desserts is impacted by regional dietary practices, health trends, and rising consumer interest in plant-based substitutes. The region has a long history of employing soy as an ingredient in culinary products. Desserts made with tofu, such as tofu pudding (douhua), are well-liked in Taiwan, Hong Kong, and China. Desserts made with miso and soy paste sell well in Korea, Japan, and other East Asian countries. Premium soy desserts and new flavors have been introduced, and established goods have been updated to meet changing consumer tastes as rivalry among soy dessert producers has increased.
Company Profiling
Major key players in the global soy dessert market include Danone S.A., THE HERSHEY COMPANY, The Hain Celestial Group, Inc., ADM, AFC American Food Company, NOW Foods, Kerry Group plc, Gluten Intolerance Group, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global soy dessert market based on the below-mentioned segments:
Global Soy Dessert Market, By Product
Global Soy Dessert Market, By Distribution Channel
Global Soy Dessert Market, By Regional Analysis
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