The global soy dessert products market was valued at USD 2.2 billion in 2021 and is projected to expand at a CAGR of 7.3% from 2022 to 2030. The rise in the consumption of plant-based desserts is a major factor driving the growth of the market. The increasing consumption of vegan alternatives is attributed to the rising health consciousness among consumers. Furthermore, the introduction of new flavors, such as almond, hazelnut, and strawberry, is driving the demand for soy desserts.

The growing demand for plant-based proteins is expected to fuel the market growth. Soy desserts are considered to be a rich source of plant-based proteins and are widely used as a substitute for dairy products. This has led to an increase in the demand for soy desserts among health-conscious consumers. Additionally, the increasing number of product launches is also expected to fuel the growth of the market. For instance, in April 2021, Soyco Foods launched its all-new line of soy-based desserts, which includes vegan puddings, ice creams, and desserts.

The rising number of health campaigns and awareness programs related to the health benefits of soy products is driving the market. Soy protein is a natural source of essential amino acids and is considered to be a healthier option for those who are lactose intolerant or have dairy allergies. Furthermore, the availability of these products in diverse flavors and packages is further driving the demand for soy desserts.

The rising trend of snacking is also expected to boost the growth of the market. The growing disposable income and the changing lifestyle of consumers are fueling the demand for convenient foods and snacks. Moreover, the rising demand for convenience food products, such as soy desserts, is further driving the market growth. Additionally, the increasing use of these products in commercial applications such as restaurants and cafes is positively impacting the market growth.

The yoghurt segment led the market and accounted for a share of around 33.3% in 2022. Growing popularity of yoghurt among health-conscious consumers owing to its numerous health benefits is the major factor driving the market. Furthermore, the presence of probiotic cultures in yoghurt helps to improve digestion, reduce cholesterol levels, and increase immunity. Additionally, the introduction of innovative flavours and yoghurt-based drinks such as smoothies, shakes, and slushes is expected to fuel the market growth in the near future.

The pudding segment is anticipated to expand at the fastest CAGR of 8.8% over the forecast period. Growing demand for soy-based desserts such as puddings, custards, and mousses is expected to drive the market growth. Soy-based desserts are low in saturated fat and cholesterol, and are high in dietary fiber. Additionally, the introduction of innovative flavours and textures, such as chocolate, vanilla, and mocha, is expected to increase the demand for soy-based desserts in the near future.

The supermarkets and hypermarkets segment held the largest share of the global soy dessert products market in 2022. The growth of this segment is mainly driven by the increasing demand from consumers for a wide range of soy desserts in supermarkets and hypermarkets, which are easily accessible. Moreover, supermarkets and hypermarkets provide a wide variety of soy desserts from different brands, as well as in different flavors, sizes, and packaging, which makes it easier for consumers to choose the product they want.

The online segment is expected to register the highest CAGR during the forecast period. The increasing number of e-commerce platforms, such as Amazon and Walmart, are driving the growth of the online segment. In addition, the increasing penetration of the internet, coupled with the rising use of smartphones, is encouraging the growth of the segment. Online stores offer a wide range of soy desserts at discounted prices, further driving the segment growth.

The frozen segment accounted for the highest revenue share of 51.7% in the year 2022. The convenience and shelf life of frozen products have made them the most preferred choice among consumers. The easy availability of frozen products in the retail stores and convenience stores is also one of the major factors driving the growth of the segment. Rapid developments in transportation and storage technologies have also enhanced the growth of the segment.

The chilled segment is anticipated to expand at the highest CAGR of 5.3% over the forecast period. The increasing demand for natural and organic soy desserts has boosted the sales of chilled products. The better taste and texture of chilled products compared to frozen products has also driven the segment’s growth. Additionally, manufacturers are introducing new flavors and products to attract customers. For instance, in October 2022, Daiya Foods, a plant-based food manufacturer, launched two new flavors in its Dairy-Free Frozen Desserts line, including Peanut Butter Swirl and Rocky Road.

Asia Pacific is anticipated to be the leading region in the market during the forecast period. Increasing population in the region, coupled with changing dietary habits, is driving the growth of the market. Moreover, growing health consciousness among consumers, rising urbanization, and increasing disposable income are further expected to drive the growth of the market in the region. For instance, in May 2021, Japan-based company Morinaga Milk Industry Co., Ltd. launched a new soy-based dessert product that is vegan and made from plant-based ingredients.

North America is expected to register significant growth in the coming years. Increasing demand for plant-based food products and the rising number of vegan population in the region are the main factors behind this growth. Additionally, the presence of major players such as Hain Celestial Group Inc., Eden Foods, Inc., and Nature’s Soy, Inc. is further expected to drive the market growth in the region.

In this part of the soy dessert products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your soy dessert products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a soy dessert products business comes from retail sales, wholesale distribution, online sales, and catering services. Here you will find a list with a description of each of them and other possible sources of profit such as fundraising, food & beverage, the sale of merchandise, and leasing the place for parties and corporate events.

Projecting Expenses
In this section, all the regular expenses related to keeping the soy dessert products business running will be described. The list of operating expenses includes wages, ingredients, packaging materials, maintenance and repairs, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the soy dessert market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Nestlé launched a new range of soy-based dessert products in the US market.

– In August 2022, Daiya Foods launched a range of non-dairy frozen desserts made with soy milk.

– In October 2022, So Delicious Dairy Free launched a range of soy-based ice cream products in the US market.

Some of the prominent players in the soy dessert market include:

– Nestlé
– Daiya Foods
– So Delicious Dairy Free
– Silk
– Pacific Foods
– The Hain Celestial Group
– Tofutti Brands Inc.
– Vitasoy USA Inc.
– SoyJoy
– General Mills, Inc.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global [soy dessert] products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Soy Yogurt
– Soy Ice Cream
– Soy Pudding
– Soy Milk
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Organic
– Conventional

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Market Outlook for Soy Dessert Products?
[A]: The soy dessert products market is expected to witness a healthy growth in the forecast period, due to the increasing demand for healthy and natural food items. The rising preference for vegan products, the increasing demand for convenience foods, the increasing awareness of health benefits associated with soy proteins, and the rising popularity of soy-based desserts are some of the key factors driving the growth of the market.

[Q]: Who are the Key Players in the Soy Dessert Products Market?
[A]: Some of the key players operating in the global soy dessert products market are Amul, Nestlé, Kraft Foods Group, Inc., Unilever, General Mills, Inc., and Hain Celestial Group.

[Q]: What are the Major Challenges Facing the Soy Dessert Products Market?
[A]: Some of the major challenges faced by the market include the high cost of soy-based ingredients, lack of awareness about the health benefits of soy-based products, and the increasing competition from other vegan and vegetarian products.

[Q]: What Region Offers the Largest Opportunity for Sales of Soy Dessert Products?
[A]: The Asia Pacific region is expected to be the largest market for soy dessert products, owing to the increasing demand for convenience foods, rising awareness of health benefits, and the increasing number of health-conscious consumers in the region.

[Q]: What are the factors driving the Soy Dessert Products market?
[A]: The increasing demand for vegan products, the growing preference for convenience foods, the rising awareness of health benefits associated with soy proteins, and the increasing popularity of soy-based desserts are some of the key factors driving the growth of the market.