Soy Protein has several health benefits associated with it due to its low fat and zero cholesterol content. Soy protein is helpful in preventing heart problems. Refined soy protein isolate is rich in protein and contain only small amount of carbohydrates as well as fats. Health benefits of soy protein are among the factors that are promoting the growth in global soy protein market. Moreover, soy protein has emulsification as well as texturing properties. Textured soy protein is used as alternative for meat products. Soy protein has commercial uses in industries such as cosmetics, fungicides, leather, paints, pesticides, textile and others. The global soy protein market is projected to reach USD X.XX billion by 2022, growing with a CAGR between 5.5% and 6.0% from 2016 to 2022.
High nutritional content in soy protein generate more demand among vegans and vegetarians. It is considered as a healthy alternative to meat. Prevalence of diseases such as diabetes, and obesity among others chronic diseases is likely to shift several consumers to soy protein for healthy foods from meat and meat related products. This in turn is expected to boost the demand for soy protein market. Moreover, Soya protein based products are garnering popularity, as a healthy alternative to dairy products, especially among lactose intolerant consumers. Organic soy protein products are getting more acceptances among consumers, who are health conscious and prefer organic food products. This in turn is expected to further augment the market size of soy protein over the forecast period.
The report segments the global soya protein market by type, application and region. On the basis of type, the market is segmented into, soy protein concentrates, soy protein isolates, soy flour, textured soy protein, and others. As per application, the market is segmented as baby foods, bakery, confectionery, diary alternative, functional foods, meat alternative, and others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. The US and Canada drive the North American soy protein market. The demand for soy protein as an alternative to meat drives the domestic market in the US. In Latin America, the demand for functional foods is expected to accelerate growth for soy protein market in the near future. Moreover, the market is expected to benefit from the demand for diary product alternatives.
As North America and Latin America account for the largest share in the production of soya bean in the world, these markets are expected to maintain growth. In Europe, there is increasing demand for the organic soy protein products as an alternative for dairy and meat products. Furthermore, rapid growth in Asia-Pacific market is expected to drive the growth for soy protein, especially in baby food segment over the forecast period. Major players in the market can look for opportunities to expand its capacities to meet the future demand in emerging and developing markets of Asia- Pacific and Latin America.
The companies covered in the report include
Archer Daniels Midland Company
DuPont Nutrition & Health
FujiOil Co Ltd
Kerry Group Plc
Ruchi Soya Industries Ltd
Linyi Shandong Biologicals products Co Ltd
Wilmar International Ltd
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