Global Soy Protein Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
"Global Soy Protein Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global soy protein market report has been segmented on the basis of product type, application, and region.
Global Soy Protein Market: Overview
Soy generally contains a high amount of, isoflavones, protein, and fiber. It is very popular amongst vegans and vegetarian’s population. Soy protein is isolated from the soybean. Soy protein has been used since 1959 in the foods sector owing to its functional properties. In recent times, soy protein has gain popularity due to its high usage in healthy food products. Soya protein contains a very lower amount of fats and nearly no cholesterol.
Global Soy Protein Market: Dynamics
Increasing consumer awareness regarding preventive healthcare is a major factor expected to drive growth revenue in the global market over the next 10 years. In addition, growing demand for diversified nutritional need, increasing awareness regarding health benefits of soy protein, the growing popularity of vegan diet coupled with an increasing number of vegetarianism population, are among some of the other factors expected to drive the demand for soy protein market. Furthermore, changing taste and preferences of consumers, rapidly increasing demand for plant-based protein coupled with the growing demand for protein-rich diet among individuals are some of the other factors expected to support the growth of the market to a certain extent. However, the availability of alternative protein source is a major factor that could restraint the growth in term of revenue in the target market.
Global Soy Protein Market: Segment Analysis
Among the product type segments, the soy protein isolate segment is expected to hold a majority revenue share in terms of revenue in the global market. This is due to, isolated comprising nearly 90% of protein content. These are widely used in the bakery sector for preparing, cakes, muffins, pastries, dairy replacements, weaning foods, infant foods, and many others.
Global Soy Protein Market: Trends
In recent time, proper health management among individual the consumers is looking for food and beverage products that would help them treat or prevent specific diseases conditions. Prominent manufacturers are adopting common strategies such as new product developments and merger and acquisition of local or small players, for expanding its foothold in the market. In addition, government regulations for GMO soy help the entrances of players into the market. The aforementioned are some of the key trends witnessed in the target market.
Global Soy Protein Market: Region Analysis
The market in North America is projected to register for the highest revenue share in the global market, followed by the market in Europe. This is due to, rapidly growing food and beverage industry is a key factor driving market growth in countries in this region. In addition, increasing awareness for healthy and plant-based food products, changing lifestyle, higher demand for soy protein from vegan consumers from Canada and US, are some of the other factors expected to drive the growth of North America soy protein market. Revenue from the Asia Pacific soy protein market is anticipated to grow at a higher CAGR in the upcoming years.
Global Soy Protein Market Segmentation
Segmentation by product type:
- Soy Protein Concentrates
- Soy Protein Isolate
- Soy Flour
Segmentation by application:
- Food & Beverages
- Meat, Poultry, & Seafood
- Meat Alternatives
- Bakery & Confectionary
- Others (includes Infant Foods, Dairy & Dairy Replacements, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Archer Daniels Midland Company
- Cargill, Incorporated
- Kerry Group
- I. Dupont De Nemours and Company
- NOW Foods (NOW Health Group, Inc.)
- Burcon Nutrascience Corporation
- SOTEXPRO SA
- CHS Incorporation
- Valio Ltd.
- Wilmar International Ltd.
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