Sep 27,2019 | Food
Soy foods have become increasingly popular globally because of the awareness of its health benefits - it is found to be one of the major sources of high?protein fortification. A finding by the International IJC indicated that around 70% of South Africans believe soy has many health benefits, while more than 60% already use soy products.
Soy provides a number of health and nutritional advantages. To prove the point, some researchers compared a diet rich in soy products, such as soy beans, soy flour and soy milk with a diet consisting meat, chicken and dairy products. End results proved that both diets contained almost the same amount of cholesterol, fiber and fatty acids required for daily intake. Apart from the varied benefits of soy, many vegetarians globally have turned to soy to get their protein fill. It is quite difficult to find a vegetarian alternative food product that does not contain soy. It will be found in tofu, miso soup, edamame, milk alternatives and almost every veg burger in the frozen food section. The rising health consciousness in the developing and developed regions of South Africa is driving the soy products market. The Soymilk & Soy Drinks market in South Africa registered a positive CAGR of 11.82% during the period 2013 to 2018 with a sales value of ZAR 264.49 Million in 2018, an increase of 9.12% over 2017. The market achieved its strongest performance in 2014, when it grew by 16.10% over its previous year and its weakest performance in 2018, when it increased by 9.12% over 2017. The research handbook on Bharatbook provides up-to-date market size data for period 2013-2018 and illustrative forecast to 2023 covering key market aspects like Sales Value and Volume for Soymilk & Soy Drinks and its variants Soy Cream, Soy Drinks, Soymilk Liquid and Soymilk Powdered. Furthermore, it details out Sales Value and Volume for top brands for the year 2015 to 2018 and overall market sales by Distribution Channel where ever applicable. The research handbook acts as an essential tool for companies active or planning to venture in to South Africa's Soymilk & Soy Drinks (Dairy & Soy Food) market. The comprehensive statistics within the report provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting. It helps enhance your understanding of the market by looking at historic and future growth patterns. For more insights in the report, please visit Soymilk & Soy Drinks (Dairy & Soy Food) Market in South Africa.