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1.

The Future of the Soy Products Market in the UAE to 2017

Market Size, Distribution and Brand Share, Key Events and Competitive Landscape

Reference Code: FD0938ER

Published: March 2014

©Canadean.2014 This product is licensed and is not to be photocopied. Reference code: FD0938ER



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Table of Contents

1. Introduction ............................................................................................... 10

1.1 What is this Report About?................................................................................. 10

1.2 Definitions .......................................................................................................... 10

1.2.1 This report provides 2012 actual sales; while forecasts are provided for 2013 – 2017 .... 10

1.2.2 Category Definitions .......................................................................................................... 10

1.2.3 Distribution Channel Definitions ........................................................................................ 11

1.2.4 Volume Units and Aggregations ........................................................................................ 12

1.2.5 CAGR Definition and Calculation ...................................................................................... 12

1.2.6 Graphical representation of Brands ................................................................................... 12

1.2.7 Exchange Rates ................................................................................................................ 13

1.2.8 Methodology Summary...................................................................................................... 13

2. The United Arab Emirates Soy Products Market Analysis, 2007–17 .... 14

2.1 Soy Products Value Analysis, 2007–17 .............................................................. 14

2.1.1 Overall Soy Products Market Value, 2007–17 .................................................................. 14

2.1.2 Soy Products Market Value by Category, 2007–17 .......................................................... 16

2.1.3 Market Growth Dynamics by Value – Soy Products, 2007–17 ......................................... 19

2.2 Soy Products Volume Analysis, 2007–17 ........................................................... 20

2.2.1 Overall Soy Products Market Volume, 2007–17 ............................................................... 20

2.2.2 Per-Capita Consumption - Soy Products, 2007–17 .......................................................... 21

2.2.3 Soy Products Market Volume by Category, 2007–17 ....................................................... 22

2.2.4 Market Growth Dynamics by Volume – Soy Products, 2007–17 ...................................... 24

3. The United Arab Emirates Soy Desserts Market Analysis, 2007–17 .... 25

3.1 Soy Desserts Value Analysis, 2007–17 .............................................................. 25

3.1.1 Soy Desserts Market by Value, 2007–17 .......................................................................... 25

3.1.2 Average Consumer Price/Kg – Soy Desserts, 2007–17 ................................................... 27

3.2 Soy Desserts Volume Analysis, 2007–17 ........................................................... 28

3.2.1 Soy Desserts Market by Volume, 2007–17 ....................................................................... 28

3.3 Market Growth Dynamics – Soy Desserts, 2007–17 .......................................... 29

3.3.1 Soy Desserts Market Growth Dynamics by Value, 2007–17 ............................................ 29

3.3.2 Soy Desserts Market Growth Dynamics by Volume, 2007–17 ......................................... 30

3.4 Soy Desserts Brand Analysis, 2009–12 ............................................................. 31

3.5 Soy Desserts Distribution Channel Analysis, 2009–12 ....................................... 33

4. The United Arab Emirates Soy Drinks Market Analysis, 2007–17 ........ 36

4.1 Soy Drinks Value Analysis, 2007–17 .................................................................. 36

4.1.1 Soy Drinks Market by Value, 2007–17 .............................................................................. 36




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4.1.2 Average Consumer Price/Kg – Soy Drinks, 2007–17 ....................................................... 38

4.2 Soy Drinks Volume Analysis, 2007–17 ............................................................... 39

4.2.1 Soy Drinks Market by Volume, 2007–17 ........................................................................... 39

4.3 Market Growth Dynamics – Soy Drinks, 2007–17 .............................................. 40

4.3.1 Soy Drinks Market Growth Dynamics by Value, 2007–17 ................................................ 40

4.3.2 Soy Drinks Market Growth Dynamics by Volume, 2007–17 ............................................. 41

4.4 Soy Drinks Brand Analysis, 2009–12 ................................................................. 42

4.5 Soy Drinks Distribution Channel Analysis, 2009–12 ........................................... 44

5. The United Arab Emirates Soy Milk & Cream Market Analysis, 2007–1747

5.1 Soy Milk & Cream Value Analysis, 2007–17 ...................................................... 47

5.1.1 Soy Milk & Cream Market by Value, 2007–17 .................................................................. 47

5.1.2 Average Consumer Price/Kg – Soy Milk & Cream, 2007–17 ............................................ 49

5.2 Soy Milk & Cream Volume Analysis, 2007–17 ................................................... 50

5.2.1 Soy Milk & Cream Market by Volume, 2007–17 ............................................................... 50

5.3 Market Growth Dynamics – Soy Milk & Cream, 2007–17 ................................... 51

5.3.1 Soy Milk & Cream Market Growth Dynamics by Value, 2007–17 ..................................... 51

5.3.2 Soy Milk & Cream Market Growth Dynamics by Volume, 2007–17 .................................. 52

5.4 Soy Milk & Cream Brand Analysis, 2009–12 ...................................................... 53

5.5 Soy Milk & Cream Distribution Channel Analysis, 2009–12 ................................ 55

6. Profiles of Companies Active in the Global Soy Products Market ....... 58

6.1 Cargill, Incorporated ........................................................................................... 58

6.1.1 Cargill, Incorporated Business Analysis ............................................................................ 58

6.1.2 Cargill, Incorporated Major Products and Services ........................................................... 59

6.1.3 Cargill, Incorporated Key Competitors .............................................................................. 61

6.1.4 Cargill, Incorporated SWOT Analysis ................................................................................ 61

6.1.5 Cargill, Incorporated History .............................................................................................. 66

6.1.6 Cargill, Incorporated Key Employees ................................................................................ 70

6.1.7 Cargill, Incorporated Locations and Subsidiaries .............................................................. 71

6.2 Mondelez International, Inc. ............................................................................... 77

6.2.1 Mondelez International, Inc. Business Analysis ................................................................ 77

6.2.2 Mondelez International, Inc. Major Products and Services ............................................... 78

6.2.3 Mondelez International, Inc. Key Competitors .................................................................. 80

6.2.4 Mondelez International, Inc. SWOT Analysis .................................................................... 81

6.2.5 Mondelez International, Inc. History .................................................................................. 85

6.2.6 Mondelez International, Inc. Key Employees .................................................................... 88

6.2.7 Mondelez International, Inc. Locations and Subsidiaries .................................................. 90

6.3 Danone SA ........................................................................................................ 95

6.3.1 Danone SA Business Analysis .......................................................................................... 95

6.3.2 Danone SA Major Products and Services ......................................................................... 96




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6.3.3 Danone SA Key Competitors ............................................................................................ 97

6.3.4 Danone SA SWOT Analysis .............................................................................................. 97

6.3.5 Danone SA History .......................................................................................................... 102

6.3.6 Danone SA Key Employees ............................................................................................ 105

6.3.7 Danone SA Locations and Subsidiaries .......................................................................... 106

6.4 Kraft Foods Group, Inc. .................................................................................... 112

6.4.1 Kraft Foods Group, Inc. Business Analysis ..................................................................... 112

6.4.2 Kraft Foods Group, Inc. Major Products and Services .................................................... 113

6.4.3 Kraft Foods Group, Inc. Key Competitors ....................................................................... 114

6.4.4 Kraft Foods Group, Inc. SWOT Analysis ......................................................................... 114

6.4.5 Kraft Foods Group, Inc. History ....................................................................................... 118

6.4.6 Kraft Foods Group, Inc. Key Employees ......................................................................... 121

6.4.7 Kraft Foods Group, Inc. Locations and Subsidiaries ....................................................... 123

6.5 Fonterra Co-operative Group Limited ............................................................... 126

6.5.1 Fonterra Co-operative Group Limited Business Analysis ............................................... 126

6.5.2 Fonterra Co-operative Group Limited Major Products and Services .............................. 127

6.5.3 Fonterra Co-operative Group Limited Key Competitors .................................................. 128

6.5.4 Fonterra Co-operative Group Limited SWOT Analysis ................................................... 128

6.5.5 Fonterra Co-operative Group Limited History ................................................................. 133

6.5.6 Fonterra Co-operative Group Limited Key Employees ................................................... 135

6.5.7 Fonterra Co-operative Group Limited Locations and Subsidiaries ................................. 137

6.6 Land O’Lakes, Inc. ........................................................................................... 141

6.6.1 Land O’Lakes, Inc. Business Analysis ............................................................................ 141

6.6.2 Land O’Lakes, Inc. Major Products and Services ........................................................... 142

6.6.3 Land O’Lakes, Inc. Key Competitors ............................................................................... 143

6.6.4 Land O’Lakes, Inc. SWOT Analysis ................................................................................ 143

6.6.5 Land O’Lakes, Inc. History .............................................................................................. 148

6.6.6 Land O’Lakes, Inc. Key Employees ................................................................................ 150

6.6.7 Land O’Lakes, Inc. Locations and Subsidiaries .............................................................. 152

6.7 Meiji Holdings Co., Ltd. .................................................................................... 155

6.7.1 Meiji Holdings Co., Ltd. Business Analysis ..................................................................... 155

6.7.2 Meiji Holdings Co., Ltd. Major Products and Services .................................................... 156

6.7.3 Meiji Holdings Co., Ltd. Key Competitors ........................................................................ 158

6.7.4 Meiji Holdings Co., Ltd. SWOT Analysis ......................................................................... 158

6.7.5 Meiji Holdings Co., Ltd. History ....................................................................................... 164

6.7.6 Meiji Holdings Co., Ltd. Key Employees ......................................................................... 168

6.7.7 Meiji Holdings Co., Ltd. Locations and Subsidiaries ....................................................... 168

6.8 Royal FrieslandCampina N.V. .......................................................................... 171

6.8.1 Royal FrieslandCampina N.V. Business Analysis ........................................................... 171

6.8.2 Royal FrieslandCampina N.V. Major Products and Services .......................................... 172




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6.8.3 Royal FrieslandCampina N.V. Key Competitors ............................................................. 173

6.8.4 Royal FrieslandCampina N.V. SWOT Analysis ............................................................... 173

6.8.5 Royal FrieslandCampina N.V. History ............................................................................. 180

6.8.6 Royal FrieslandCampina N.V. Key Employees ............................................................... 184

6.8.7 Royal FrieslandCampina N.V. Locations and Subsidiaries ............................................. 185

6.9 Dean Foods Company ..................................................................................... 191

6.9.1 Dean Foods Company Business Analysis ...................................................................... 191

6.9.2 Dean Foods Company Major Products and Services ..................................................... 192

6.9.3 Dean Foods Company Key Competitors ......................................................................... 194

6.9.4 Dean Foods Company SWOT Analysis .......................................................................... 195

6.9.5 Dean Foods Company History ........................................................................................ 200

6.9.6 Dean Foods Company Key Employees .......................................................................... 202

6.9.7 Dean Foods Company Locations and Subsidiaries ........................................................ 203

6.10 Coca-Cola Hellenic Bottling Company S.A. ...................................................... 208

6.10.1 Coca-Cola Hellenic Bottling Company S.A. Business Analysis ...................................... 208

6.10.2 Coca-Cola Hellenic Bottling Company S.A. Major Products and Services ..................... 209

6.10.3 Coca-Cola Hellenic Bottling Company S.A. Key Competitors......................................... 209

6.10.4 Coca-Cola Hellenic Bottling Company S.A. SWOT Analysis .......................................... 210

6.10.5 Coca-Cola Hellenic Bottling Company S.A. History ........................................................ 215

6.10.6 Coca-Cola Hellenic Bottling Company S.A. Key Employees .......................................... 217

6.10.7 Coca-Cola Hellenic Bottling Company S.A. Locations and Subsidiaries ........................ 218

7. News and Key Events in the Global Soy Products Market ................. 222

7.1 Category News ................................................................................................ 222

7.1.1 Almost Nuts partners with L&L Foods ............................................................................. 222

7.1.2 USANA guarantees label matches product ..................................................................... 222

7.1.3 Succesful cooperation for sustainable soy production in Brazil ...................................... 223

7.1.4 EFSA concludes BioExx’s opinion on Isolexx as novel food ingredient .......................... 223

7.1.5 Ruchi Soya to foray into ready-to-cook segment in India ................................................ 224

7.1.6 neat Foods introduces soy-free meat replacement product range in US ........................ 224

7.1.7 Kikkoman Foods, Inc. Wisconsin plant celebrates 40th anniversary .............................. 225

7.1.8 Hong Kong food safety agency issues peanut allergy alert for soybean paste .............. 225

7.1.9 WSDA revokes food processing license of Chu Minh ..................................................... 226

7.1.10 Production begins at new Kikkoman food factory ........................................................... 227

8. Deal Activities in the Global Soy Products Market .............................. 228

8.1 Category Deals ................................................................................................ 228

8.1.1 Board of Directors of Ruchi Soya Industries approve formation of joint venture with DJ

Hendrick International and KMDI International ............................................................... 228

8.1.2 BRF to acquire 40% stake in Al Khan Foodstuff ............................................................. 229

8.1.3 Cargill acquires Leonardo Olive Oil business of Dalmia Continental .............................. 231




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8.1.4 Hahn & Company acquires 57% stake in Woongjin Foods............................................. 231

8.1.5 Toksoz Holding acquires ZUMOS PALMA from GRUPO LECHE PASCUAL ................ 233

8.1.6 Fonterra acquires further 3.06% stake in Bega Cheese ................................................. 234

8.1.7 JG Summit Holdings to raise US$424.16 million by issuing 5.2317% fixed rate bonds due

2019 ................................................................................................................................. 236

8.1.8 JG Summit Holdings to raise US$119.82 million by issuing 5.2442% fixed rate bonds due

2021 ................................................................................................................................. 237

8.1.9 JG Summit Holdings to raise US$3.76 million by issuing 5.3% fixed rate bonds due 2024239

8.1.10 CHS prices public offering of US$250 million shares ...................................................... 240

9. Appendix ................................................................................................. 243

9.1 About Canadean .............................................................................................. 243

9.2 Disclaimer ........................................................................................................ 243




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List of Figures

Figure 1: The United Arab Emirates Soy Products Market Value (LCU m) and Growth (Y-o-Y), 2007–17.................................. 15 Figure 2: The United Arab Emirates Soy Products Market Value (LCU m) by Category, 2007–17 ............................................. 18 Figure 3: The United Arab Emirates Soy Products Market Dynamics, by Category, by Market Value, 2007–17 ......................... 19 Figure 4: The United Arab Emirates Soy Products Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ................................. 20 Figure 5: The United Arab Emirates Per-Capita Soy Products Consumption (Kg/head & Y-o-Y growth), 2007–17 .................... 21 Figure 6: The United Arab Emirates Soy Products Market Volume (Kg m) by Category, 2007–17 ............................................. 23 Figure 7: The United Arab Emirates Soy Products Market Dynamics, by Category, by Market Volume 2007–17 ....................... 24 Figure 8: The United Arab Emirates Soy Desserts Market Value (LCU m) and Growth (Y-o-Y), 2007–17.................................. 26 Figure 9: The United Arab Emirates Soy Desserts Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ................... 27 Figure 10: The United Arab Emirates Soy Desserts Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ............................... 28 Figure 11: The United Arab Emirates Soy Desserts Market Growth Dynamics by Value, 2007–17 ............................................ 29 Figure 12: The United Arab Emirates Soy Desserts Market Growth Dynamics by Volume, 2007–17 ......................................... 30 Figure 13: The United Arab Emirates Soy Desserts Market Value by Brands (LCU m), 2009–12 .............................................. 32 Figure 14: The United Arab Emirates Soy Desserts Market Value by Distribution Channel (LCU m), 2009–12 .......................... 35 Figure 15: The United Arab Emirates Soy Drinks Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ................................... 37 Figure 16: The United Arab Emirates Soy Drinks Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ..................... 38 Figure 17: The United Arab Emirates Soy Drinks Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ................................... 39 Figure 18: The United Arab Emirates Soy Drinks Market Growth Dynamics by Value, 2007–17 ................................................ 40 Figure 19: The United Arab Emirates Soy Drinks Market Growth Dynamics by Volume, 2007–17 ............................................. 41 Figure 20: The United Arab Emirates Soy Drinks Market Value by Brands (LCU m), 2009–12 .................................................. 43 Figure 21: The United Arab Emirates Soy Drinks Market Value by Distribution Channel (LCU m), 2009–12 .............................. 46 Figure 22: The United Arab Emirates Soy Milk & Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ........................ 48 Figure 23: The United Arab Emirates Soy Milk & Cream Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 .......... 49 Figure 24: The United Arab Emirates Soy Milk & Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ........................ 50 Figure 25: The United Arab Emirates Soy Milk & Cream Market Growth Dynamics by Value, 2007–17 ..................................... 51 Figure 26: The United Arab Emirates Soy Milk & Cream Market Growth Dynamics by Volume, 2007–17 .................................. 52 Figure 27: The United Arab Emirates Soy Milk & Cream Market Value by Brands (LCU m), 2009–12 ....................................... 54 Figure 28: The United Arab Emirates Soy Milk & Cream Market Value by Distribution Channel (LCU m), 2009–12 .................. 57




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List of Tables

Table 1: Category Definitions - Soy Products Market................................................................................................................ 10 Table 2: Distribution Channel Definitions - Soy Products Market .............................................................................................. 11 Table 3: Volume Units for Soy Products Market ........................................................................................................................ 12 Table 4: The United Arab Emirates Exchange Rate LCU – USD (Annual Average), 2007 – 2012 ............................................. 13 Table 5: The United Arab Emirates Soy Products Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ................................... 14 Table 6: The United Arab Emirates Soy Products Market Value (USD m) and Growth (Y-o-Y), 2007–17 .................................. 14 Table 7: The United Arab Emirates Soy Products Market Value (LCU m) by Category, 2007–12 .............................................. 16 Table 8: The United Arab Emirates Soy Products Market Value (LCU m) by Category, 2012–17 .............................................. 16 Table 9: The United Arab Emirates Soy Products Market Value (USD m) by Category, 2007–12 .............................................. 17 Table 10: The United Arab Emirates Soy Products Market Value (USD m) by Category, 2012–17 ............................................ 17 Table 11: The United Arab Emirates Soy Products Market Dynamics: past and future growth rates (2007–12 & 2012–17) and

market size (2007, 2012 & 2017), by Category, by Value (LCU m) ............................................................................................ 19 Table 12: The United Arab Emirates Soy Products Market Volume (Kg m) and Growth (Y-o-Y), 2007–17................................. 20 Table 13: The United Arab Emirates Per-capita Soy Products Consumption (Kg/head & Y-o-Y growth), 2007–17 .................... 21 Table 14: The United Arab Emirates Soy Products Market Volume (Kg m) by Category, 2007–12 ............................................ 22 Table 15: The United Arab Emirates Soy Products Market Volume (Kg m) by Category, 2012–17 ............................................ 22 Table 16: The United Arab Emirates Soy Products Market Dynamics: past and future growth rates (2007–12 & 2012–17) and

market size (2007, 2012 & 2017), by Category, by volume (Kg m) ............................................................................................ 24 Table 17: The United Arab Emirates Soy Desserts Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ................................. 25 Table 18: The United Arab Emirates Soy Desserts Market Value (USD m) and Growth (Y-o-Y), 2007–17 ................................ 25 Table 19: The United Arab Emirates Soy Desserts Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 .................. 27 Table 20: The United Arab Emirates Soy Desserts Market Volume (Kg m) and Growth (Y-o-Y), 2007–17................................. 28 Table 21: The United Arab Emirates Soy Desserts Market Dynamics: past and future growth rates (2007–12 & 2012–17) and

market size (2007, 2012 & 2017), by Value (LCU m), by Segments .......................................................................................... 29 Table 22: The United Arab Emirates Soy Desserts Market Dynamics: past and future growth rates (2007–12 & 2012–17) and

market size (2007, 2012 & 2017), by Volume (Kg m), by Segments .......................................................................................... 30 Table 23: The United Arab Emirates Soy Desserts Market Value by Brands (LCU m), 2009–12 ............................................... 31 Table 24: The United Arab Emirates Soy Desserts Market Value by Brands (USD m), 2009–12 ............................................... 31 Table 25: The United Arab Emirates Soy Desserts Market Value by Distribution Channel (LCU m), 2009–12 ........................... 33 Table 26: The United Arab Emirates Soy Desserts Market Value by Distribution Channel (USD m), 2009–12........................... 34 Table 27: The United Arab Emirates Soy Drinks Market Value (LCU m) and Growth (Y-o-Y), 2007–17 ..................................... 36 Table 28: The United Arab Emirates Soy Drinks Market Value (USD m) and Growth (Y-o-Y), 2007–17 .................................... 36 Table 29: The United Arab Emirates Soy Drinks Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ...................... 38 Table 30: The United Arab Emirates Soy Drinks Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 .................................... 39 Table 31: The United Arab Emirates Soy Drinks Market Dynamics: past and future growth rates (2007–12 & 2012–17) and

market size (2007, 2012 & 2017), by Value (LCU m), by Segments .......................................................................................... 40 Table 32: The United Arab Emirates Soy Drinks Market Dynamics: past and future growth rates (2007–12 & 2012–17) and

market size (2007, 2012 & 2017), by Volume (Kg m), by Segments .......................................................................................... 41 Table 33: The United Arab Emirates Soy Drinks Market Value by Brands (LCU m), 2009–12 ................................................... 42 Table 34: The United Arab Emirates Soy Drinks Market Value by Brands (USD m), 2009–12 ................................................... 42 Table 35: The United Arab Emirates Soy Drinks Market Value by Distribution Channel (LCU m), 2009–12 ............................... 44 Table 36: The United Arab Emirates Soy Drinks Market Value by Distribution Channel (USD m), 2009–12 .............................. 45 Table 37: The United Arab Emirates Soy Milk & Cream Market Value (LCU m) and Growth (Y-o-Y), 2007–17.......................... 47 Table 38: The United Arab Emirates Soy Milk & Cream Market Value (USD m) and Growth (Y-o-Y), 2007–17 ......................... 47 Table 39: The United Arab Emirates Soy Milk & Cream Average Consumer Price (LCU) and Growth (Y-o-Y), 2007–17 ........... 49 Table 40: The United Arab Emirates Soy Milk & Cream Market Volume (Kg m) and Growth (Y-o-Y), 2007–17 ......................... 50 Table 41: The United Arab Emirates Soy Milk & Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17)

and market size (2007, 2012 & 2017), by Value (LCU m), by Segments ................................................................................... 51 Table 42: The United Arab Emirates Soy Milk & Cream Market Dynamics: past and future growth rates (2007–12 & 2012–17)

and market size (2007, 2012 & 2017), by Volume (Kg m), by Segments ................................................................................... 52 Table 43: The United Arab Emirates Soy Milk & Cream Market Value by Brands (LCU m), 2009–12 ........................................ 53 Table 44: The United Arab Emirates Soy Milk & Cream Market Value by Brands (USD m), 2009–12 ........................................ 53 Table 45: The United Arab Emirates Soy Milk & Cream Market Value by Distribution Channel (LCU m), 2009–12 .................... 55 Table 46: The United Arab Emirates Soy Milk & Cream Market Value by Distribution Channel (USD m), 2009–12 ................... 56 Table 47: Cargill, Incorporated Fast Facts ................................................................................................................................. 58 Table 48: Cargill, Incorporated Major Products and Services .................................................................................................... 59 Table 49: Cargill, Incorporated History ...................................................................................................................................... 66




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Table 50: Cargill, Incorporated Key Employees ......................................................................................................................... 70 Table 51: Cargill, Incorporated Other Locations ........................................................................................................................ 71 Table 52: Cargill, Incorporated Subsidiaries .............................................................................................................................. 72 Table 53: Mondelez International, Inc. Fast Facts ..................................................................................................................... 77 Table 54: Mondelez International, Inc. Major Products and Services ......................................................................................... 78 Table 55: Mondelez International, Inc. History ........................................................................................................................... 85 Table 56: Mondelez International, Inc. Key Employees ............................................................................................................. 88 Table 57: Mondelez International, Inc. Subsidiaries ................................................................................................................... 90 Table 58: Danone SA Fast Facts............................................................................................................................................... 95 Table 59: Danone SA Major Products and Services .................................................................................................................. 96 Table 60: Danone SA History .................................................................................................................................................. 102 Table 61: Danone SA Key Employees..................................................................................................................................... 105 Table 62: Danone SA Subsidiaries .......................................................................................................................................... 106 Table 63: Kraft Foods Group, Inc. Fast Facts .......................................................................................................................... 112 Table 64: Kraft Foods Group, Inc. Major Products and Services.............................................................................................. 113 Table 65: Kraft Foods Group, Inc. History ............................................................................................................................... 118 Table 66: Kraft Foods Group, Inc. Key Employees .................................................................................................................. 121 Table 67: Kraft Foods Group, Inc. Subsidiaries ....................................................................................................................... 123 Table 68: Fonterra Co-operative Group Limited Fast Facts ..................................................................................................... 126 Table 69: Fonterra Co-operative Group Limited Major Products and Services ......................................................................... 127 Table 70: Fonterra Co-operative Group Limited History ........................................................................................................... 133 Table 71: Fonterra Co-operative Group Limited Key Employees ............................................................................................. 135 Table 72: Fonterra Co-operative Group Limited Subsidiaries .................................................................................................. 137 Table 73: Land O’Lakes, Inc. Fast Facts ................................................................................................................................. 141 Table 74: Land O’Lakes, Inc. Major Products and Services ..................................................................................................... 142 Table 75: Land O’Lakes, Inc. History ....................................................................................................................................... 148 Table 76: Land O’Lakes, Inc. Key Employees ......................................................................................................................... 150 Table 77: Land O’Lakes, Inc. Other Locations ......................................................................................................................... 152 Table 78: Land O’Lakes, Inc. Subsidiaries .............................................................................................................................. 153 Table 79: Meiji Holdings Co., Ltd. Fast Facts .......................................................................................................................... 155 Table 80: Meiji Holdings Co., Ltd. Major Products and Services .............................................................................................. 156 Table 81: Meiji Holdings Co., Ltd. History ................................................................................................................................ 164 Table 82: Meiji Holdings Co., Ltd. Key Employees .................................................................................................................. 168 Table 83: Meiji Holdings Co., Ltd. Other Locations .................................................................................................................. 169 Table 84: Meiji Holdings Co., Ltd. Subsidiaries ........................................................................................................................ 170 Table 85: Royal FrieslandCampina N.V. Fast Facts ................................................................................................................ 171 Table 86: Royal FrieslandCampina N.V. Major Products and Services .................................................................................... 172 Table 87: Royal FrieslandCampina N.V. History ...................................................................................................................... 180 Table 88: Royal FrieslandCampina N.V. Key Employees ........................................................................................................ 184 Table 89: Royal FrieslandCampina N.V. Other Locations ........................................................................................................ 185 Table 90: Royal FrieslandCampina N.V. Subsidiaries.............................................................................................................. 188 Table 91: Dean Foods Company Fast Facts ........................................................................................................................... 191 Table 92: Dean Foods Company Major Products and Services ............................................................................................... 192 Table 93: Dean Foods Company History ................................................................................................................................. 200 Table 94: Dean Foods Company Key Employees ................................................................................................................... 202 Table 95: Dean Foods Company Subsidiaries ......................................................................................................................... 203 Table 96: Coca-Cola Hellenic Bottling Company S.A. Fast Facts ............................................................................................ 208 Table 97: Coca-Cola Hellenic Bottling Company S.A. Major Products and Services ................................................................ 209 Table 98: Coca-Cola Hellenic Bottling Company S.A. History .................................................................................................. 215 Table 99: Coca-Cola Hellenic Bottling Company S.A. Key Employees .................................................................................... 217 Table 100: Coca-Cola Hellenic Bottling Company S.A. Subsidiaries ....................................................................................... 218




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1. Introduction

1.1 What is this Report About?

This report is the result of Canadean’s extensive market research covering the Soy Products Market in

the United Arab Emirates. It provides detailed segmentation of historic and future Soy Products Market,

covering key categories and segments.

As such the report is an essential tool for companies active across the Soy Products industry and for new

players considering entry into the United Arab Emirates’s Soy Products market.

1.2 Definitions

All the data is collected in volume terms. Soy Products Market refers to domestic Market only and

includes imports. Please note that rounding errors may occur.

1.2.1 This report provides 2012 actual sales; while forecasts are provided for 2013

– 2017

1.2.2 Category Definitions

Table 1: Category Definitions - Soy Products Market

Category Segment Definition

Soy Desserts Soy Desserts - these are non-dairy chilled desserts based on soy extracts. It includes non-dairy equivalents to yogurts, fromage frais, cheesecakes, flans and mousses. Does not include frozen desserts. Example includes the Alpro yogurt range.

Soy Drinks Soy Drinks - Soy (or "soya") drinks are plain or flavoured dairy-free beverages made using soy extracts. They are positioned as regular beverages (competing against soft drinks) rather than as straight alternatives to liquid milk. E.g. Alpro's Soya Dairy Free Shakes

Soy Milk & Cream Soy Milk & Cream - Soy (or "soya") based milks and creams which are positioned as an alternative to either liquid milk or cream. Examples include Dean Foods Silk Soymilk, Alpro Soya.

Source: Canadean © Canadean




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1.2.3 Distribution Channel Definitions

Table 2: Distribution Channel Definitions - Soy Products Market

Distribution Channel Definition

Cash & carries & warehouse clubs

(Cash & Carry)

Cash & carries sell from a wholesale warehouse to customers (small retailers, professional users) who pay on the spot and transport goods away themselves. Warehouse clubs are no-frills stores that sell discounted goods to members who pay an annual fee. Delivered wholesale sales are not included. In our data only sales from these stores direct to the public (for example through work place deals allowing otherwise regular consumers to shop there) are covered. Example: Makro, Metro, Costco, Sams Club

Discount, variety store & general merchandise retailers

(Dollar Stores)

Dollar Stores, Variety Stores & General Merchandise Retailers - A variety store or price-point retailer (including Dollar stores) is a retail store that sells inexpensive items, often with a single price for all items in the store, or a general low price policy. Typical merchandise includes cleaning supplies, toys, household goods and gardening equipment, basic foods and beverages. A general store, general merchandise store, or small town store carries a (broad) general line of merchandise, often in a medium (and sometimes small) store format, serving the needs of either the surrounding town or rural area. They differ from convenience stores or corner shops in that it will be the main shop for the community rather than a convenient supplement and typically carries a broader product line. Example: 9 to 9 Dollar Shop.

Convenience stores & gas stations

(Convenience stores)

Convenience Stores - Includes all sales through stores of an area generally less than 300 sq m, that specialize in a limited range of food & grocery products designed primarily for consumers with top-up shopping needs. Also includes sales in retail outlets attached to gas stations, where fuel is the main revenue driver, kiosks, and newsstands. This also includes small independent retailers, particularly those present in countries such as China and India.

Department stores

(Department stores)

Department Stores - Includes all sales through multi-category retailers, focusing primarily on non-grocery categories with distinct departments specializing in defined product areas. Examples include Bloomingdale's, Macy's, John Lewis and El Corte Ingles.

Hypermarkets & supermarkets

(Hyper/ Super Markets)

Hypermarkets& Supermarkets (incl. discounters) - Hypermarkets/mass merchandisers include all sales through retailers with floor area over 2,500 sq m that carry full lines of both grocery and general merchandise (e.g. Walmart). Supermarkets include all sales through retailers with a floor area of 300 sq m -2,500 sq m that offer a wide, departmentalized range of groceries, and may carry some general merchandise lines (e.g. Sainsbury's, Kroger). It also includes hard grocery discounters such as Walmart.

Vending machines

(Vending machines)

Vending machines - Includes paid-for sales from all vending machines not located within a store (e.g. public places, workplaces, pubs & Bars).

Drug stores & Pharmacies

(Pharmacies)

Drug stores & Pharmacies - Stores licensed to dispense prescription (Rx) and over-the-counter (OTC) healthcare products and where these sales account for the majority of revenues. Also known as Drug store and Health store. This channel does not include supermarkets with pharmacy counters. Example: Hetro and Apollo pharmacies in India.

Food & drinks specialists

(Food & drinks specialists)

Food & drinks specialists - Includes bakers, butchers, delicatessens, drinks specialists, fishmongers, greengrocers, Food & drinks only stores, and single category stores (e.g. stores selling only cheese, or only olives, or only honey, or only Confectionery products) Example : Amul Dairy shops In India.

eRetailers

(eRetailers)

eRetailers - Includes all sales that take place over the internet, irrespective of whether the vendor is a pure-play internet company or the online offering of a physical retailer. Example: Amazon, SPAR and FutureBazaar.com in India.

Health & Beauty Stores Retailers that generate the majority of their revenue through a specific product type. In the personal care market, this includes specialist stores other than drugstores. Example: Boots in UK, Himalaya In India.

Other general retailers

(Others)

Others - Includes other generalist retail channels not included in the categories above (e.g. market traders, charity stores, student union stores, direct sales, and Duty Free shops).





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1.2.4 Volume Units and Aggregations

Table 3: Volume Units for Soy Products Market

Category Segment Units

Soy Products Soy Desserts Kg m

Soy Drinks Kg m

Soy Milk & Cream Kg m


1.2.5 CAGR Definition and Calculation

Compound Annual Growth Rate (CAGR) is the year-over-year growth rate of a value over a specified

period of time.

For this report, CAGR for historic time period is Calculated from 2007-2012, as

CAGR = (( 2012 Value / 2007 Value ) ^ ( 1 / (2012-2007)) ) - 1

CAGR for forecast time period is Calculated from 2012-2017, as

CAGR = (( 2017 Value / 2012 Value ) ^ ( 1 / (2017-2012)) ) - 1

For Brand Analysis and Distribution Channel Analysis, CAGR is Calculated from 2009-2012, as

CAGR = (( 2012 Value / 2009 Value ) ^ ( 1 / (2012-2009)) ) - 1

1.2.6 Graphical representation of Brands

Top 10 brands are considered for each category in the market subject to availability of such data. Brand

analysis charts are displayed only for categories where data is available for more than two brands.




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1.2.7 Exchange Rates

All research is conducted in local currency in nominal prices. US dollar conversions for all historic data

and for the latest year of actual data (2012 in this report) are made using an annual average exchange

rate. For details please refer to table below. As we do not forecast exchange rates, the forecast data

(from 2013 to 2017) is converted using a fixed 2012 exchange rate. As a result, annual growth rates for

historic data will differ between local currencies and US dollar conversions, whereas they will be the

same for forecasts.

Table 4: The United Arab Emirates Exchange Rate LCU (Local Currency Unit) – USD (Annual

Average), 2007 – 2012

Currency 2007 2008 2009 2010 2011 2012

LCU – USD xxxx xxxx xxxx xxxx xxxx xxxx


1.2.8 Methodology Summary

In order to create the data for all the reports in this series and ensure its robustness, a comprehensive

and empirically robust research methodology has been adopted. This combines both a large-scale

program of industry research with the results of extensive primary industry interviewing and calling.

Furthermore, all definitions are standardized across products and countries to ensure comparability.

The two main research methods, secondary research and primary research (the program of interviewing

industry contacts), are brought together and because both sets of research processes have been

designed in conjunction with each other they can be combined and consolidated into the final, integrated

data sets.

The secondary research process involves covering publicly available sources, trade associations,

specialist databases, company annual reports, and industry publications. While primary research involves

a major program of interviewing leading industry executives for each category covered in each country –

all with local country experts; typically brand, product and marketing managers for major brands within

each country. These processes help analysts in capturing both qualitative and quantitative information

about the market.

The final stage of the process is the triangulation of inputs obtained from all the research methods with

the analyst’s own understanding of the market in order to finalize the data. Once the data is finalized, it

goes through various top level quality checks prior to publishing.




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2. The United Arab Emirates Soy Products Market Analysis, 2007–17

2.1 Soy Products Value Analysis, 2007–17

2.1.1 Overall Soy Products Market Value, 2007–17

Table 5: The United Arab Emirates Soy Products Market Value (LCU m) and Growth (Y-o-Y),

2007–17

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Market Value

Y-o-Y growth


Table 6: The United Arab Emirates Soy Products Market Value (USD m) and Growth (Y-o-Y),

2007–17

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Market Value

Y-o-Y growth





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Figure 1: The United Arab Emirates Soy Products Market Value (LCU m) and Growth (Y-o-Y),

2007–17





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2.1.2 Soy Products Market Value by Category, 2007–17

Table 7: The United Arab Emirates Soy Products Market Value (LCU m) by Category, 2007–12

Category 2007 2008 2009 2010 2011 2012 CAGR

2007–12

Soy Desserts

Soy Drinks

Soy Milk & Cream

Overall


Table 8: The United Arab Emirates Soy Products Market Value (LCU m) by Category, 2012–17

Category 2012 2013 2014 2015 2016 2017 CAGR

2012–17

Soy Desserts

Soy Drinks

Soy Milk & Cream

Overall





17

Table 9: The United Arab Emirates Soy Products Market Value (USD m) by Category, 2007–12

Category 2007 2008 2009 2010 2011 2012 CAGR

2007–12

Soy Desserts

Soy Drinks

Soy Milk & Cream

Overall


Table 10: The United Arab Emirates Soy Products Market Value (USD m) by Category, 2012–17

Category 2012 2013 2014 2015 2016 2017 CAGR

2012–17

Soy Desserts

Soy Drinks

Soy Milk & Cream

Overall





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Figure 2: The United Arab Emirates Soy Products Market Value (LCU m) by Category, 2007–17





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2.1.3 Market Growth Dynamics by Value – Soy Products, 2007–17

Table 11: The United Arab Emirates Soy Products Market Dynamics: past and future growth

rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Category, by Value (LCU m)

Category CAGR 2012–17 CAGR 2007–12 Market Size

2007 Market Size

2012 Market Size

2017

Soy Desserts

Soy Drinks

Soy Milk & Cream

Overall


Figure 3: The United Arab Emirates Soy Products Market Dynamics, by Category, by Market

Value, 2007–17





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2.2 Soy Products Volume Analysis, 2007–17

2.2.1 Overall Soy Products Market Volume, 2007–17

Table 12: The United Arab Emirates Soy Products Market Volume (Kg m) and Growth (Y-o-Y),

2007–17

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Market Volume

Y-o-Y growth


Figure 4: The United Arab Emirates Soy Products Market Volume (Kg m) and Growth (Y-o-Y),

2007–17





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2.2.2 Per-Capita Consumption - Soy Products, 2007–17

Table 13: The United Arab Emirates Per-capita Soy Products Consumption (Kg/head & Y-o-Y

growth), 2007–17

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Per-Capita Consumption

Y-o-Y growth


Figure 5: The United Arab Emirates Per-Capita Soy Products Consumption (Kg/head & Y-o-Y

growth), 2007–17





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2.2.3 Soy Products Market Volume by Category, 2007–17

Table 14: The United Arab Emirates Soy Products Market Volume (Kg m) by Category, 2007–12

Category 2007 2008 2009 2010 2011 2012 CAGR

2007–12

Soy Desserts

Soy Drinks

Soy Milk & Cream

Overall


Table 15: The United Arab Emirates Soy Products Market Volume (Kg m) by Category, 2012–17

Category 2012 2013 2014 2015 2016 2017 CAGR

2012–17

Soy Desserts

Soy Drinks

Soy Milk & Cream

Overall





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Figure 6: The United Arab Emirates Soy Products Market Volume (Kg m) by Category, 2007–17





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2.2.4 Market Growth Dynamics by Volume – Soy Products, 2007–17

Table 16: The United Arab Emirates Soy Products Market Dynamics: past and future growth

rates (2007–12 & 2012–17) and market size (2007, 2012 & 2017), by Category, by volume (Kg m)

Category CAGR 2012–17 CAGR 2007–12 Market Size

2007 Market Size

2012 Market Size

2017

Soy Desserts

Soy Drinks

Soy Milk & Cream

Overall


Figure 7: The United Arab Emirates Soy Products Market Dynamics, by Category, by Market

Volume 2007–17


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