The Global Soy Protein Ingredients Market is valued at around USD 10.2 billion in 2022 and is expected to reach USD 15.9 billion by 2030, registering a CAGR of 4.5% over the forecast period. On the international market for soy protein ingredients, protein ingredients with soy as a source are offered for sale. The goods in question are made by companies whose agricultural operations include farms and a system for purchasing goods. Soy has a significant amount of proteins that are beneficial for people of all ages and help people keep up their physical health. The FDA states that consuming 25 grams of soy protein daily reduces the risk of coronary heart disease. Soy protein is available in three main forms: isolates, concentrates, and textured soy protein. Drinks, animal feed and pet food, nutritional supplements, bakery and confectionery, meat extenders and substitutes, and other applications make up the application segments of the market under research.
The Soy Protein Ingredients Market – Growth Factor
The global soy protein industry is expanding as consumers shift from animal to plant-based proteins. Produced from defatted and hulled soybean meal, soy protein is a component of organic foods used in food processing. Defatted and dehulled soybeans are frequently used to make the three high-grade proteins soy protein isolates, soy protein concentrates, and soy flours. As an organic alternative to animal protein, soy protein is frequently used in meals that are sold all over the world. Numerous minerals, including calcium, iron, potassium, magnesium, fiber, and vitamin B, are included in soy proteins. They are also rich in protein. As a result, they are able to offer the entire spectrum of necessary amino acids required for the body’s growth and development.
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The Soy Protein Ingredients Market – Market Trends
- There is a rising demand for food and beverages that are produced entirely of plants because there are more and more vegetarians. Demand for nutrient-dense foods and products with a high protein content is rising. The demand for natural ingredients in animal feed products is growing.
- The growing acceptance of vegan diets, soy protein’s functional efficacy, cost-competitiveness, and expanded use in a variety of processed meals, notably in the ready-to-eat product category, are the main factors driving the global market for soy protein components.
- Suppliers of soy ingredients are still making significant advancements to suit the functional and performance requirements of food makers. Components made of soy provide advantages in terms of overall health, vitamin content, price, and flexibility in placement in organics. Additionally, they offer benefits in terms of functionality and nutrition.
Top Key Players of Global Soy Protein Ingredients Market:
Cargill, Incorporated.,
DuPont de Nemours, Inc.,
ADM, CHS Inc.,
Wilmar International,
US Nisshin Shokai,
International Flavors & Fragrances, Inc.,
Now Foods,
Sotexpro,
Wilmar International,
others
The Soy Protein Ingredients Market – Segmentation
On the basis of type, the Soy Protein Ingredients Market is bifurcated into:
- Soya protein isolates
- Soy protein concentrates
- Soy flours
- Others
On the basis of application, the market is bifurcated into:
- Bakery and confectionary
- Meat alternatives
- Functional foods
- Dairy replacers
- Infant foods
- Others
Market Segmented by Region:
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, Australia, Malaysia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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Objectives of the Study:
- To provide with an exhaustive analysis on the Soy Protein Ingredients Market by Product, By Application, By End User and by Region.
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
