|June 30, 2004, as reported
by just-food.com: Soyfoods continue to be popular alternatives
for European consumers recording double figure market growth for two
After a market growth of well over 10% in 2002, the market again
showed double figure growth in 2003 and is expected to continue
such growth between 2004 and 2006. Market growth of almost 20% was
recorded in 2003. According to new research from industry information
firm Prosoy the market for soya-based drinks and desserts and meat-free
and tofu products in Europe reached €1.5bn (US$1.8bn) in 2003.
“The demand for soya-based milks, yoghurts and desserts is
growing as a result of changes in lifestyle, growing food intolerance
and allergies, as well as the positive health image of soya,”
said Gerard Klein Essink, senior researcher at Prosoy Research &
The demand for meat-free products has shown to be sustainable.
In the aftermath of the European 2001 BSE and 2002 Foot & Mouth
crises, the market has grown a further 3%.
“New European and national health claims regulations, which
are now being drawn up are also likely to have an impact, since
medical research on soya has already shown positive effects on blood
cholesterol levels and heart diseases, bone strength and menopausal
problems,” adds Klein Essink.
Innovation has also played a large part in the growth of the market,
particularly with soya-based milk products, which are increasingly
being offered through the chilled sections of supermarkets, and
with the introduction of new meat-free ready meal concepts in the
meat-free sector. Sales in the chilled sector have grown more rapidly
than frozen meat-free sales.