Market Trends of France Soy Protein Industry
Increasing Innovation in Functional Protein Rich Food and Beverage Products
- The functional beverages segment is projected to have the strongest growth potential during the forecast period. This is primarily due to the high digestibility and faster absorption rate of soy protein than other proteins such as casein. Moreover, soy protein is a high-quality plant protein that consists of vital amino acids that are claimed to be good for maintaining muscle mass and maintaining overall health.
- Further, as an emulsifier, soy protein can stabilize the beverage and prevent the constituents from separating. In addition, it also provides the beverage with a better mouthfeel and helps a stable foam form. Hence, significant protein content in functional beverages' can be increased by adding soy protein, making them more healthy and filling.
- Additionally, since soy protein is stable over a wide pH range, it can be used in many different kinds of functional beverages. All these factors positively affect the soy protein market in the functional food and beverages segment.
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Soy Protein Concentrate hold a Significant Market Share
- Soy protein concentrate is dominant among all plant protein types due to its high protein content, low viscosity, solubility, etc., which cater to extensive applications in all sectors. The food and beverages segment leads the market, majorly driven by the meat and dairy alternatives sectors. The wider use of soy proteins in the segment is further promoting growth. Manufacturers' cost-effective options are further encouraging feed companies to incorporate greater protein content in animal feed.
- Moreover, soy protein, mainly in the form of concentrates, is widely used in the diets of animals, birds, and fish. Its main characteristics, such as easy digestibility, improved shelf life, and protein enrichment, are driving its application in the food and beverage segment. As a result, France imports a significant amount of soy to extract soy protein concentrate. For instance, according to UN Comtrade, in 2021, the import value of soy flour in France accounted for USD 5.260 million, which is a significant increase from 2020, which accounted for USD 4.345 million. Therefore, all the above-mentioned factors drive the soy protein concentrate market in the country.
