Market for Soy Nuts: Overview
Soy Nuts are made by soaking whole soybeans legumes in water and then draining them off water. The damp soybeans are then baked or roasted till the time they are brown in color and crisp. There are two types of soy nuts namely, deep fried soy nuts and dry roasted soy nuts. These nuts are similar in flavor and in texture to peanuts. Soy beans retain most of the nutrients present in whole soybeans even after being roasted. Though soy nuts are similar in flavor and texture to peanuts, they contain much protein and very little fat. Like peanuts in peanut butter, soy nuts are used to make healthier soy nut butter with an equally good taste. They are available in different flavors like salted or paprika making them desirable in the market. However, due to all the seasoning and flavoring, soy nuts contain high amounts of salt. Excessive intake of sodium present in the salt contributes in raising blood pressure. This factor puts a restraint on the market for Soy nuts. Being high on fats and calories, a small helping of soy nuts suffices to give out a day’s worth of energy.
Market for Soy Nuts: Drivers and Restraints
Soy beans are legumes that are among the rare flora proteins that have all the Amino Acids that are necessary in a human body. Some amount of nutrients like Amino Acids, otherwise found in poultry, meat and fish, are retained by Soy Nuts as they are simply roasted whole soy beans. This is a major factor drive the growth Soy Nut Market among the vegetarian population. Soy nuts do not contain cholesterol. They help in raising HDL cholesterol and lower the LDL cholesterol content, thus making them a heart healthy snack. Products made from Soy beans are great sources of Isoflavones. Isoflavones are compounds that are similar to Estrogen. Also, these nuts help in mitigating cognitive decline, decrease bone desorption and enhance bone formation which, in turn, prevents Osteoporosis. According to recent studies, Soy might act as a safeguard against breast cancer in women when consumed while growing up. It is also high in fiber content.
Soy nuts may lead to gastric and intestinal distress causing stomachache, nausea, changes in stool density and bloating. Soy based products might cause enlargement of the thyroid gland in some people having Iodine Deficiency. Due to all the Isoflavones in Soy Nuts, excessive consumption might cause hormonal imbalance.
Market for Soy Nuts: Regional Outlook
Globally, Asia Pacific leads the Soy Nuts market .In Japan, dry roasted soy nuts are very popular during the Mamemaki ceremony. Europe follows Asia Pacific in the global market of Soy Nuts. Delicious flavors and other added layers of yogurt, chocolate etc. will strengthen the market for Soy Nuts. Also, the Increase in demand for Soy Nuts in people of all ages due to its various health benefits is expected to enhance the growth of global Soy Nuts market during the forecast period.
Market for Soy Nuts: Key Players
- Life Health Foods India Pvt. Ltd.
- Tate and Lyle
- Bergin Nut Company
- Agro Fresh
- Diamond Foods, Inc.
- Archer Daniels Midland Co.
- Syngenta AG
- Richardson International
- Sincerely Nuts
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- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Market for Soy Nuts: Segmentation
The market segmentation for Soy nuts on the basis of product type is:
- Dry Roasted Soy Nuts
- Deep Fried Soy Nuts
The market segmentation for Soy nuts on the basis of ingredients is:
- Flavored Soy Nuts
- Salted Soy Nuts
- Paprika Say Nuts
- Chocolate covered Soy Nuts
- Yogurt covered Soy Nuts
- Other Flavors
- Plain or Unsalted Soy Nuts
Market Segmentation for Soy nuts on the basis of Sales Channel is:
- Convenient Stores
- Convenient Stores
- Other Retail Formats
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
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