GIA Estimates Global Soy Foods Market Will Reach $42.3 Billion In 2015

Global Industry Analysts forecast continued growth in the world soy food market and expect it to reach US$42.3 billion in 2015. Its report, "Soy Foods: A Global Strategic Business Report," sees key drivers as the increase in consumers' health consciousness, demand for nutritious diets, and knowledge about the health benefits of soy foods, such as protection from cardiovascular diseases and cancer. Manufacturers' innovations in product development, aging population, and increasing popularity of organic soy foods also help boost the market. Soy foods have become mainstream products in both developed and developing markets, and while anti-soy allegations impacted growth recently these worries have faded. The Asia-Pacific region is the largest market, followed by the United States and Europe.