The Middle East and Africa Soy Desserts Market is predicted to grow at a CAGR of 7.1% from 2024 to 2029 and the market size is expected to be valued at USD 4.28 billion by 2029 from USD 3.28 billion in 2024.
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 Middle East and Africa Soy Desserts market is driven by 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.
The market has been geographically segmented into the Middle East and Africa. The market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. However, rising demand among the populace with dispensable incomes and the anticipated growth of demand, are set to help the growth of the market.
The Hershey Company, Whitewave Services Inc., Danone Group, Dean Foods Co. are some of the notable companies in the Middle East and Africa Soy Desserts market.
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