SPINS AND SOYATECH PARTNER TO DEVELOP REPORT ON SOYFOODS: THE U.S. MARKET 2009
U.S. Soyfood Market Will Continue to Develop
SCHAUMBURG, IL March 12, 2009 – The market for soyfoods in the US has evolved over the years, graduating from having an exclusive existence in small natural food stores to becoming a growing phenomenon throughout multiple distribution channels. Consumer awareness of the health benefits associated with soy and the introduction of new products have had a major impact on the repositioning of soyfoods in the marketplace. During the late 1990s and in the first few years of this decade, the soyfoods industry experienced tremendous growth. However over the last four years, sales in this sector have slowed and year-over growth rates have struggled to reach 2%.
Industry veterans SPINS, Inc. and Soyatech, LLC have partnered to examine the soyfood sales and industry trends of 2008 and will release the results of the their study in an upcoming report, Soyfoods: The U.S. Market 2009. Anticipated to be released in April, the 2009 study is the eighth report of its kind and provides detailed information on the U.S. market by category, sub-category, brand and distribution channel.
The report will cover such topics as:
- What are the opportunities in this healthy food sector?
- Who are major players impacting the marketplace and driving growth?
- Has the soyfoods industry reached the limits of its growth and what developments can be expected in the future?
"Early indications from market data suggest that the growth in consumption of soymilk, meat alternatives and snack bars has led to the soyfoods category surpassing the $4 billion sales level for the first time,” said Philippe de Lapérouse, Managing Director of the Global Food and Agribusiness Practice for Soyatech and HighQuest Partners, its parent company. “We anticipate that opportunities for increased innovation will enable the industry to continue growing."
For more information or to order the report, please contact Laiza Martinez at lmartinez@spins.com or 847.908.1200 ext. 1254.
About SPINS
SPINS was founded in 1995 as the first company to offer Natural Products sales data to the industry. Today, it is the premier provider of industry reporting and consulting services for this rapidly expanding sector. SPINS’ comprehensive offering includes retail measurement services, content-based reporting, consumer information and consulting services. Learn more at www.spins.com .
About Soyatech, LLC
Soyatech ( www.soyatech.com) is a global media, marketing, and event company that assists food, oilseed, agri-business, and agri-transportation sector firms to assess and develop market opportunities through its publications, conferences, webinars, and widely used internet platform. Founded in 1985, the company publishes the annual Soya & Oilseed Bluebook, the industry’s leading source of information on oilseed and agribusiness companies and products, an industry-focused email newsletter (in daily and weekly editions), and Soyatech.com, the award-winning business-to-business online resource for the industry. Soyatech’s information services are referred to by tens of thousands of the world’s leading commodity, food and biofuels companies in over 100 countries every week. Soyatech, LLC is a wholly owned subsidiary of HighQuest Partners.
Please direct any press-related requests to Jennifer Fuller at 847.908.1224 or jfuller@spins.com.
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