Global Organic Soy Protein Market Introduction:
“The global Organic Soy Protein Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Proteins are the building blocks of life. They make up everything from our muscles, skin, and even hair. Soy protein is a protein that is isolated from soybean. It is made from soybean meal that has been dehulled and defatted. Dehulled and defatted soybeans are processed into three kinds of high protein commercial products soy flour, concentrates, and isolates.
Rising health concern and increasing demand for organic food products among consumers are major factors expected to drive growth of the global organic soy protein market. In addition, increasing spending capacity among individuals resulting in changing consumption pattern and rising obesity and other health problems which in turn is shifting consumer inclination towards healthy diet food with high nutritious value is another factor expected to support growth of the global market to certain extent.
Moreover, shifting preference towards vegan food products among general population is another factor expected to support growth of the global organic soy protein market. In addition, increasing government initiatives and support for organic farming is another factor expected to create lucrative opportunities for players operating in the target market.
Furthermore, various benefits provided by organic soy protein is resulting in increasing demand from food industry for new and innovative product offering is another factor expected to support growth of the global market to certain extent.
However, high cost of organic food products is a major factor expected to hamper growth of the global market.
Technological advancements and increasing R&D activities by major players for the development of innovative and cost-effective organic products is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, growing merger and acquisition activities among regional and international players is expected to further support revenue growth of the global organic soy protein market.
The market in North America is expected to dominate the global market and is expected to continue its dominance over the forecast period. This dominance can be attributed to rising obesity problems among consumer and presence of major players operating in the countries in this region. The market in Asia Pacific is expected to witness faster growth, owing to rising disposable income, changing consumption pattern, and rising preference for healthy food diet.
In addition, innovative product offering by regional players is expected to further support growth of the target market in this region. The market in Europe is expected to contribute significant revenue growth in the global market.
Global Organic Soy Protein Market Segmentation:
By Product Form:
- Functional foods
- Infant formula
- Bakery and confectionery
- Meat alternatives
- Dairy alternatives
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Omega Protein Corporation
- Cargill Health & Food Technologies
- SunOpta, Inc.
- Burcon NutraScience Corp.
- Armor Proteines S.A.S.
- DowDuPont Inc.
- Bunge Alimentos S.A.
- The Scoular Company
- George Weston Foods Ltd.
- MGP Ingredients, Inc.
- Harvest Innovations LLC
- Kellogg Company
- Kerry Ingredients Inc.
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