Africa Soy Protein Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Africa Soy Protein Ingredients Market is by Type (Soy Isolates, Soy Concentrates, Textured Soy Protein); by Application (Bakery and Confectionery, Meat Extenders and Substitutes, Nutritional Supplements, Beverages, Animal Feed and Pet Food, and Others); by Geography

Market Snapshot

Africa Soy Protein Ingredients - Summary
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 3.5 %

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Market Overview

The Africa Soy Protein Ingredients Market is anticipated to register a CAGR of 3.5% during the forecast period (2020-2025).

  • The Africa Soy Protein Ingredients market is driven by growing inclination toward vegan diets, the functional efficiency, the cost competitiveness offered by such plant protein products, and their increasing utilization in wide variety of processed foods, especially in the ready-to-eat product category.
  • The high functional property of soy protein and its natural health benefit are boosting its market growth. There is an increase in the adoption of soy protein across several end-user industries, owing to its high sustainability.

Scope of the report

Africa soy protein ingredients market is by type into soy isolates, soy concentrates, textured soy protein. the market is segmented by application into bakery and confectionery, meat extenders and substitutes, nutritional supplements, beverages, animal feed and pet food, and others. The market by geography is segmented by South Africa, Nigeria, and Rest of Africa.

By Type
Soy Isolates
Soy Concentrates
Textured Soy Protein
By Application
Bakery and Confectionery
Meat Extenders and Substitutes
Nutritional Supplements
Beverages
Animal Feed and Pet Food
Others
By Country
South Africa
Nigeria
Rest of Africa

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Key Market Trends

Protein Concentrates Holds a Major Share

Soy protein concentrates contain a minimum of 70% protein on a moisture free basis. ​The soy concentrates have multiple solubility characteristics, depending on the extraction method employed. For instance, the one made with alcohol wash will have low solubility and can be increased by further processing.​ Soy protein concentrates are available in several forms, such as, granules, flours, and spray dried. Usually, a metric ton of defatted soybean flakes produces 750 kilograms of soybean protein concentrate and retains most of the fiber of the original soybean.​ Soy protein concentrate is majorly used in the meat & poultry products to increase water and fat retention, and nutritional values (more protein, less fat).

Africa Soy Protein Ingredients - 1

South Africa Dominates the Market

Manufacturers of South Africa are constantly embracing open innovation to gain cost-leadership and fixed suppliers in the early development stage. Plant ingredient in sports nutrition contributes to the major share in the market, segmented by application types. Animal feed is another major market by application type in the country. The changing consumer lifestyles and rising healthcare expenditure are also playing a vital role in the growth of the market. Moreover, the flourishing growth of the retail sector is escalating the growth of the market.

Africa Soy Protein Ingredients - 2

Competitive Landscape

Africa soy protein ingredients market is a fragmented market with the presence of various players in the market. The strategy of forming new agreements and partnerships with local players helps to increase the company’s foot print in the region and release new products according to the consumers’ changing preferences.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Soy Isolates

      2. 5.1.2 Soy Concentrates

      3. 5.1.3 Textured Soy Protein

    2. 5.2 By Application

      1. 5.2.1 Bakery and Confectionery

      2. 5.2.2 Meat Extenders and Substitutes

      3. 5.2.3 Nutritional Supplements

      4. 5.2.4 Beverages

      5. 5.2.5 Animal Feed and Pet Food

      6. 5.2.6 Others

    3. 5.3 By Country

      1. 5.3.1 South Africa

      2. 5.3.2 Nigeria

      3. 5.3.3 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 ADM

      2. 6.4.2 Cargill

      3. 6.4.3 DuPont

      4. 6.4.4 Kerry Group

      5. 6.4.5 Wilmar International Ltd

      6. 6.4.6 FUJI OIL ASIA PTE. LTD.

      7. 6.4.7 Foodchem International Corporation

      8. 6.4.8 CHS Inc

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Africa Soy Protein Ingredients Market market is studied from 2016 - 2026.

The Africa Soy Protein Ingredients Market is growing at a CAGR of 3.5% over the next 5 years.

ADM, Cargill, DuPont, Kerry Group, Wilmar International Ltd are the major companies operating in Africa Soy Protein Ingredients Market.

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