Latin America Soy Desserts Market is predicted at USD 4.79 billion in 2024 and estimated to be growing at a CAGR of 8.11%, to reach USD 7.07 billion by 2029.
Soy dessert is produced from soy milk and has been gaining popularity due to its nutritional value. Soy desserts mostly consist of soy pies, soy cheesecakes, soy pudding, and soy ice creams which are completely dairy free and are manufactured using soy milk.In the past few years, the soy food industry, predominantly soy dessert, has experienced substantial growth and is anticipated to further grow expansively. Soy desserts are expected to gain approval worldwide and the market is expected to witness substantial growth.The Latin America Soy Desserts market is driven by the rising health consciousness, as an alternative to milk, meat and other animal products, in the developing and developed regions of the world. However, recent studies on the harmful effects of soy and its derivatives are hindering the growth of the market.
Hypermarkets
Supermarkets
Food and drink specialists
Convenience stores
Brazil
Mexico
Argentina
The huge rise in spending in the Soy Desserts market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.
The Hershey Company
Whitewave Services Inc.
Danone Group
Dean Foods Co., So Delicious,
Turtle Mountain
Frequently Asked Questions
The most popular soy desserts in Latin America include soy-based puddings, ice creams, yogurts, and custards. These products cater to consumers seeking lactose-free, vegan, or healthier dessert alternatives.
Key drivers include rising health awareness, increased prevalence of lactose intolerance, growing demand for plant-based foods, and environmental concerns related to traditional dairy products.
Innovations in flavor, texture, and product variety are driving the market forward. Companies are introducing new soy dessert flavors like chocolate, vanilla, and fruit-based options, as well as blending soy with other plant-based ingredients to create more diverse and appealing products.
Supermarkets remain the primary distribution channel for soy desserts in Latin America, but online platforms are gaining popularity, especially post-pandemic. E-commerce allows consumers to access a wider range of products and provides convenience for purchasing soy-based desserts.
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