Soybean food & beverage products market regional analysis by 2027
The global soybean food and beverage products market is estimated to be valued at USD 51.4 billion in 2022. It is projected to reach USD 68.3 billion by 2027, recording a CAGR of 5.8% during the forecast period. The global soybean food and beverage products market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. The inclination of consumers toward soy-based protein has grown from its base applications as meat and dairy alternatives and has witnessed abundant usage in other segments, such as performance nutrition and infant nutrition. The awareness of soy-based protein as food with functional benefits has bolstered the acceptance among consumers. Download PDF Brochure Asia-pacific is projected to reach USD 35.2 billion during the forecast period. A growing number of customers now believe that plant-ba...