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Article: The U.S. soy market: an update & outlook: the U.S. soy market growth at retail continues upward, although the category shows signs of maturing.
- Article from:
- Nutraceuticals World
- Article date:
- January 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Rodman Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Soyfood sales continue to outpace the growth of other retail food categories and are now clearly mainstream products rather than confined to a few health and natural food chains. In a recent report co-published by Soyatech, Inc., Bar Harbor, ME, and SPINS Natural Track, San Francisco, CA, soy product sales increased 21% from approximately $2.77 billion in 2000, and increased an additional 15% to $3.2 billion in 2001, driven by strong gains in soymilk, energy bars, meat alternatives and cold cereal products using soy ingredients. Growth estimates for 2002 are projected at another 10%, bringing total soyfoods sales to just over $3.5 billion at retail.
Not far ...