DUBLIN--(BUSINESS WIRE)--The "Global Soy Protein Ingredients Market: Growth, Trends and Forecast (2019-2024)" report has been added to ResearchAndMarkets.com's offering.
The global soy protein ingredients market is estimated to register a CAGR of 7.8%, during the forecast period (2018-2023).
Soybean is increasingly recognized as an ideal to meat and egg protein, particularly in the backdrop of growing demand for vegan diets. Soybean is one of the few plant protein that contains all eight essential amino acids. It is widely employed for the fortification purposes. In processing arena, it is increasingly utilized as meat extenders and ideal alternative to dairy protein in wide range of the functional beverages.
Market Dynamics
The increasing trend of adding functional foods and nutritional supplements to diet is also propelling the demand for soy protein ingredients worldwide. Consumer oriented research has also prompted the food formulators to seek economical, yet superior quality of meat analogues - soy protein appears to address these needs.
Increasing availability of other sources of plant protein, allergic effects, and anti-nutritional factors are some of the factors restraining the growth of global soy protein ingredients market. Soy protein based nutraceuticals are expected to provide tremendous growth opportunities for soy protein ingredients during the forecast period. The multi-functional traits of soy protein ingredients enables it's usage across wide range of applications in the form of emulsifier, tenderizer, binder, stabilizer, and thickener.
Market Segmentation
Soybeans are processed into three kinds of high-protein commercial products: soy flour, concentrates, and isolates. Textured soy protein, such as meat substitutes, may be derived from one or more combinations of soy protein ingredients. The major application is witnessed in bakery and confectionery, followed by beverages, nutritional supplements, meat extenders & substitutes, and others.
The soy protein ingredients market is segmented based on type, application, and geography. The major application of soy protein ingredients is in bakery and confectionery, followed by beverages, nutritional supplements, meat extenders & substitutes.
North America and Europe are two leading regional markets in soy protein ingredients based on global revenues. However, the fastest growing region is Asia-Pacific, which is estimated to expand at a CAGR of 8.9 %. The consumption of health foods and growth in food and beverage segment in developing countries is expected to expand at a high CAGR. India and China are estimated to have steep growth rates.
The leading companies in the Soy protein ingredient market have been undertaking agreements & collaborations and new product launches to achieve global expansion and development in the soy protein ingredients market.
The major players in global soy protein ingredients market include - Archer Daniels Midland Company, Burcon Nutrascience, CHS Inc, Cargill, DuPont, Euroduna, Farbest Brands, Food Chem International, Fuji oil, Kerry Group, The Scoular Company, and Wilmar International.
Key Topics Covered
1. Introduction
1.1 Research Methodology
1.2 Definition of the Market
1.3 Assumptions
2. Key Findings of the Study
3. Market Dynamics
3.1 Soy Protein Ingredients Market Drivers
3.1.1 Growing Health Awareness
3.1.2 Innovation in Food Technology
3.1.3 Intolerance of Animal Protein
3.1.4 Cost Competitiveness
3.2 Soy Protein Ingredients Market Restraints
3.2.1 Government Regulations
3.2.2 Plant protein allergen
3.3 Soy Protein Ingredients Market Opportunities
3.3.1 Increase in Demand for Vegan Diet
3.3.2 Adoption of functional foods and nutritional supplements
3.4 Porter's Five Forces Analysis
4. Market Segmentation
4.1 Soy Protein Ingredients Market By Type
4.1.1 Soy Isolates
4.1.2 Soy Concentrates
4.1.3 Textured Soy Flour
4.2 Soy Protein Ingredients Market By Application
4.2.1 Bakery and confectionery
4.2.2 Meat Extenders & Substitutes
4.2.3 Nutritional Supplements
4.2.4 Beverages
4.2.5 Others
4.3 Soy Protein Ingredients Market By Geography
4.3.1 North America
4.3.2 Europe
4.3.3 Asia-Pacific
4.3.4 South America
4.3.5 Africa
5. Competitive Landscape
5.1 Most active companies
5.2 Market Share Analysis
5.3 Strategies Adopted by Leading Players
6. Company Profiles
6.1 Archer Daniels Midland Company
6.2 Burcon Nutrascience
6.3 CHS Inc.
6.4 Cargill
6.5 DuPont
6.6 Euroduna
6.7 Farbest Brands
6.8 Food Chem International
6.9 Fuji Oil
6.10 Kerry Group
6.11 The Scoular Company
6.12 Wilmar International
For more information about this report visit https://www.researchandmarkets.com/research/hspnk7/global_soy?w=4
