SPINS, Soyatech Publish Soy Report

SPINS, Soyatech Publish Soy Report

SAN FRANCISCO & BAR HARBOR, MaineSPINS and Soyatech Inc.announced a research collaboration defining the ever-expanding U.S. soy market. Soyfoods:The U.S. Market 2003 combines current and accurate sales reporting fromSPINS (www.spins.com) with market analysisfrom Soyatech Inc. (www.soyatech.com). Anew feature in the 2003 report is a break-out for the top 15 categories oforganic vs. nonorganic sales. Also detailed in the report is an overview andsales analysis of soy-based energy bars, meal replacements and supplementpowders.

According to the report, soyfoods have been growing at a rate of more than 14percent per year for the past 10 years, and the category has moved into themainstream to increase its overall worth beyond $3.6 billion in retail sales.Energy bars, dairy and meat alternatives, and snacks and cereals are expected tofuel future growth.