Middle East And Africa Soy Food Products Market

Middle East and Africa Soy Food Products Market Size (2024 to 2029)

As per our analysis report, the Middle East and Africa Soy Food Products Market is expected to reach USD 3.21 billion by 2029 from USD 2.71 billion in 2024, growing at a compound annual growth rate (CAGR) of 3.43% during the forecast period.

MARKET OVERVIEW

Soy products are made from soybeans. They are an alternative for milk and milk products like cheese, yogurts, flavored milk, and spreads. Soy products also act as an alternative to meat products, as well as vegan diets. They are rich in protein content and provide amino acids that are vital for the body. Soy contains two types of fatty acids viz., omega-3 and omega-6 fatty acids. Soybean was first cultivated in China from where it spread to other parts of Asia and the world. Soybeans are used to prepare a variety of food products such as tofu, tamari, soymilk, soy flour, tempeh, and others. Soymilk is produced after soaking soybeans in water. Tofu is a cheese-like food made after curdling the soymilk and is a near-perfect alternative for cheese for lactose intolerant people. Tamari or soy sauce is prepared by fermenting soybeans and is used as a flavoring agent.

MARKET DRIVERS

The primary driver of the soy market is the growing health awareness among individuals as soy has relatively fewer calories and various health benefits. A secondary driver is growing lactose intolerance among individuals which causes them to consume soy products instead of milk and its products. The majority of lactose-intolerant individuals are found in Europe, Africa, Asia, and the US. Several flavors that are added to soy products raise their appeal and demand among consumers. Another driver for soy is its price: the prices of soy products are significantly lower than those of milk products.  This attracts more customers to the products.

MARKET RESTRAINTS

The primary restraint of the soy market is the absence of calcium. These products have artificial calcium added to them which is of relatively less nutrient value.

This research report on the Middle East and Africa Soy Food Products market has been segmented and sub-segmented into the following categories.

Middle East and Africa Soy Food Products Market By Type

• food products
• additives
• oils

Middle East and Africa Soy Food Products Market  By Application

• food and beverages,
• feed
• Pharma

Middle East and Africa Soy Food Products Market By Country

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

KEY MARKET PLAYERS

ADM Inc, Solbar Ltd., Cargill Inc., DuPont Solae, Northern Soy Inc., Whole Soy & Co., The Scoular Company, Linyi Shansong Biological Products Co. Ltd are some of the notable companies in the Middle East and Africa Soy Food Products market.