ENVIRONMENTAL CONCERNS HAVE MOVED INTO THE KITCHEN
Environmental concerns influence consumer food choices, and educating consumers makes those choices easier. For example, 42% of consumers say that having product labeling with recognizable certification would encourage them to buy a product; also, 42% of consumers say that labels showing environmental impact would encourage them to buy products.[7]
In September, a U.S. company introduced its plant-based chicken nuggets, made with a soy protein source, into foodservice and grocery store markets. The company is publicizing not only the nutrition profile of the product, but also notes that plant-based nuggets reduce the environmental footprint by using less land and water, with lower greenhouse gas emissions.[8]
As the demand for sustainable products continues to expand, brands and manufacturers worldwide are increasing their sustainability initiatives.[9] Soyfoods made with U.S.-grown soy have their own sustainability stories, told by U.S. soybean farmers and backed up by the U.S. Soy Sustainability Assurance Protocol (SSAP).
THE SOYFOODS NARRATIVE CAN EASILY EVOLVE
Polishing soy’s healthy halo has never seemed simpler. As a plant-based food, soy shares in the healthy image. New products for both retail and foodservice outlets have launched globally, including in Germany, Latin America, China and South Africa.[10] In the U.S., more consumers consider products with plant-based claims to be healthy and natural, compared to all food and drink products—although only 9% of the plant-based products make all-natural claims.[11]
In a crowded plant protein market, soyfoods offer options of one of the few complete plant protein choices like edamame, and minimally processed foods like tofu. Soyfoods also have other prominent attributes, such as cholesterol-free protein, that appeal to health-conscious consumers. One cup of frozen prepared edamame provides 18 grams of complete protein and 8 grams of dietary fiber.[12] One cup of cooked mature soybeans provides 31 grams of complete protein and 10 grams of dietary fiber.[13]
A variety of shelf-stable soyfoods are available online, offering one-stop shopping for pantry ingredients. E-commerce presents consumers with easy-to-source and simple-to-store soyfoods like canned soybeans, roasted soynuts and textured soy protein or TSP, also called textured vegetable protein or TVP. E-commerce is expected to account for half of global retail’s growth by 2025, with the U.S., China and Mexico anticipated to have the highest growth.[14]
SOYFOODS SUIT PRICE-CONSCIOUS CONSUMERS
In 2022, food-at-home prices in the U.S. are expected to rise 1.5%-2.5%, with prices of food away from home anticipated to increase between 3%-4%.[15] Rising global food prices have an impact on nutrition as well as on budgets. In Mexico, for example, 71% of consumers say it’s harder to have healthy eating habits on a tight budget; 34% of Chilean consumers strongly agree that regularly buying healthy food is too expensive.[16]
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