Global Soy Protein Ingredients Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Soy Protein Ingredients Market Overview

“The global Soy Protein Ingredients 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.”

The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global Soy protein ingredients market report has been segmented on the basis of product type, species, livestock, and region.

This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.

Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.

Soybean or soya bean contains high amounts of proteins and fibers. The soybean plant is native to East Asia. Soybean is used in many traditional recipes in the form of sauces, oil, flour, tofu, etc. Soy protein is derived from the soya bean which contains vitamin E, phosphorus, iron, zinc, and vitamin B-complex.

It is a plant-based protein that helps with muscle growth and muscle recovery.  Soy protein is available in the market in the form of soy flour, soy isolates and soy concentrates. Soy Protein is majorly consumed by the lactose intolerant and the vegan diet population.

Increasing awareness regarding high protein content in soy isolates is a major factor anticipated to boost the demand and drives the growth of the global soy protein ingredients market.

The low cost of soy protein is another factor that propels the demand as compared to other conventional protein sources and drives the growth of the global market in developing countries.

Increasing adoption of soy protein in a vegetarian diet among individuals as an alternative to dairy products is also expected to propel the growth of the target market.

Furthermore, growing awareness regarding nutritional diet and rising demand for nutritional food is another factor expected to drive the growth of the global soy protein ingredients market over the forecast period.

However, the presence of harmful chemicals in soy protein and its negative effects on hormones are major factors expected to hamper the demand and restrain the growth of the global Soy protein ingredients market.

The development of flavored soy protein ingredients and products can create higher revenue opportunities for target players in the market.

The market in North America accounts for the largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to the increasing demand for soy protein in the diet in the region.

The market in Europe is expected to account for the second-highest share the market in terms of revenue in the near future, owing to the increasing demand for dietary supplements in the region.

The market in the Asia Pacific is expected to witness significant growth, especially in the south and east Asian countries, owing to the availability and less cost of soy protein products in the region.

Global Soy protein ingredients Market Segmentation:

Segmentation by product type:

• Soy flour
• Concentrates
• Isolates

Segmentation by application:

• Infant food
• Meat alternative
• Bakery and confectionery
• Dairy replacement
• Others (Breakfast cereals, pet foods, etc.)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa