Soy Protein Ingredients Market was valued at $9,594.0 million in 2020, and is projected to reach at $15,303.9 million by 2030, registering a CAGR of 4.4% from 2021 to 2030.
The Soy Protein Ingredients market report is a perfect foundation for people looking out for a comprehensive study and analysis of the market. On the basis of historic growth analysis and current scenario of market place, the report intends to offer actionable insights and outlook on global / regional market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tool that facilitate deeper understanding of multiple aspects of global market. These further helps users with their developmental strategy.
Asia-Pacific is the largest market for soy protein ingredients, followed by North America and Europe. In terms of application, meat alternatives are the largest segment of the soy protein ingredients market, followed by dairy alternatives and bakery and confectionery products. Overall, the soy protein ingredients market is expected to continue growing in the coming years, driven by increasing demand for plant-based protein sources and a growing focus on sustainability and environmental responsibility
The market refers to the global market for products made from soybeans that are used as a source of protein. Soy protein ingredients are derived from soybeans, which are processed to extract the protein. These ingredients are used in a wide range of food and beverage products, including meat alternatives, dairy alternatives, protein bars, and sports nutrition products. The global market has been growing in recent years, driven by increasing consumer demand for plant-based protein sources and the rising popularity of vegetarian and vegan diets. In addition, soy protein ingredients are considered a more sustainable alternative to animal-based proteins, as soybeans require less water and land to produce than livestock.
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Global Soy Protein Ingredients Market: Major Players
Farbest Brands
Archer Daniels Midland Company
Now Foods (Now Health Group, Inc.)
DuPont
Burcon Nutrascience Corporation
Midland Company
Ruchi Soya Industries Limited
Wilmar International Ltd
Kerry Group plc
Kraft Foods Group Inc
Sotexpro SA
Axiom Foods Incorporation
Doves Farm Foods
Cargill Incorporated
CHS Incorporation
Devansoy Inc
DMK Group
Kellogg Company
CJ Cheil Jedang
Foremost Farms
Valio Ltd
Nisshin Oillio Group, Ltd
Biopress SAS
Global Soy Protein Ingredients Market: By Types
Soy Protein Isolates
Soy Protein Concentrates
Textured Soy Protein
Soy Flours
Global Soy Protein Ingredients Market: By Applications
Bakery & Confectionery
Meat Alternatives
Functional Foods
Dairy Replacements
Infant Foods
Feed
Others
Global Soy Protein Ingredients Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Takeaways:
- Asia-Pacific held the largest market share in 2023, owing to the growing urbanization and changing consumer lifestyles that are driving up the demand. North America is estimated to grow the fastest during the forecast period of 2023-2032, owing to the rising cases of cardiovascular diseases in the region.
- The growing consumer demand for processed food products is driving growth in the market.
- As consumers become more health conscious, they are consuming more in their daily lives. This boosts the Market since it lowers the risk of heart disease and high blood pressure.
- A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Market Report.
Key Questions Answered in this Report:
- What was the size of the Market in 2023?
- What is the expected growth rate of the Market during 2023-2032?
- What are the key factors driving the Market?
- What has been the impact of COVID-19 on the Market?
- What is the breakup of the Market based on the product type?
- What is the breakup of the Market based on the application?
- What is the breakup of the Market based on the form?
- What are the key regions in the Market?
- Who are the key players/companies in the Market?
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