Soy Protein Ingredients Market Potentially Growing Significant Business Opportunities with Industry Analysis Forecast to 2023

01/lug/2019 08:50:41 Tejas Amale Contatta l'autore

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Soy Protein Ingredients Market - Overview

Soy protein is effective than the animal protein which is gaining traction among the consumers globally. Increasing vegan population is also driving the growth of the market. Soy protein ingredient is also used to increase shelf life of processed food which is boosting growth of soy protein ingredients market in various industries. Moreover, the high nutritive value of protein ingredients is propelling the market demand among the health conscious population.

The Soy Protein Ingredients Market is growing tremendously with increase in vegan population globally. Market Research Future, a firm which specializes in market reports related to the Food and Beverage sector among others, recently forecasted in its report on Global Soy Protein Ingredients Market Research Report- Forecast to 2023 that the market will demonstrate a significant growth during the forecast period.

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Soy protein is a plant based protein which is rich in vitamins and minerals and helps to increase the overall muscle growth of human body. It is a best alternative for animal sourced protein and milk based protein supplements. Owing to its gluten-free attribute it is gaining popularity among the lactose intolerant population. Increasing population of lactose intolerant is boosting the growth of soy protein ingredients market. The major types of soy protein ingredients include soy protein isolates, soy protein concentrates, soy protein flours and others including soy chunks and soy grit. Moreover, owing to its high nutritional value, it has wide range of application including bakery & confectionery, dairy & frozen desserts, beverages, oils and fats, sweet & savory snacks and others.

Global Soy Protein Ingredients Market - Competitive Analysis

With the entry of industry players into the Soy protein ingredients segment, a trend of solid, volume-driven growth has been observed in the market. With vegan and flexitarian diet trending globally, more product now than ever before is influencing the food and beverage industry in their product line. Key players in the Soy protein ingredients market are focusing on acquisitions, expansions, mergers and new product launches. Companies are highly investing in R&D and technological advancements.

The key players profiled in Soy protein ingredients market are

  • Archer Daniels Midland Company (US)
  • Ingredion Incorporated (US)
  • Cargill Incorporated (US)
  • DuPont Nutrition & Health (Denmark)
  • Wilmar International Ltd (Singapore)
  • CHS Inc. (US)
  • Kerry Group PLC (Republic of Ireland)

Global Soy Protein Ingredients Market - Regional Analysis

The global Soy protein ingredients market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is dominating the market followed by Europe. High investment by key players on the R&D and technological advancements in the US is propelling the market growth in North America. High inclination of consumers towards functional food in Europe is driving the market for protein ingredients in this region.

Asia Pacific is projected to be the fastest growing region over the forecasted period. India and China are the major contributors in this region to grow health awareness and increase in consumption of healthy diet. Latin America is the major contributor followed by Mexico.

Global Soy Protein Ingredients Market - Segments

The global Soy Protein Ingredients Market has been divided into type, application, and region.

On The Basis Of Type: soy protein isolates, soy protein concentrates, soy protein flour and others (soy chunks and soy grits)

On The Basis Of Application: bakery & confectionery, dairy & frozen desserts, beverages, oil and fats, sweet & savory snacks and others

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

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