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Soy Protein Ingredients Market- Growth, Trends, and Forecast (2020 - 2025)
Global Soy Protein Ingredients Market is segmented by Type as Soy Isolates, Soy Concentrates, Textured Soy Protein; By Application as Bakery and Confectionery, Meat Extenders and Substitutes, Nutritional Supplements, Beverages, animal feed, and Others; by Geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2024
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
6.88 %
Major Players:
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Market Overview
The global soy protein ingredients market is growing at a CAGR of 6.88%during the forecast period (2019 - 2024).
- The global soy protein ingredients market is driven by a growing inclination toward vegan diets, the functional efficiency, the cost competitiveness offered by such plant protein products, and their increasing utilization in a wide variety of processed foods, especially in the ready-to-eat product category. Soy protein isolates and concentrates are the most eminent forms of soy protein and contain 90% and 70% protein content, respectively.
- 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
The global soy protein ingredients market involves protein ingredients derived from soy as a source. The products considered are manufactured by companies that have their procurement system and farms as a part of their agribusiness unit. Soy has substantial amount of proteins, which are healthy for all age groups, and it also helps in keeping body fit. FDA claims that consuming 25 grams of soy protein per day reduces the risk of coronary heart disease. There are three types of soy protein considered in terms of type, namely, isolates, concentrates, and textured soy protein. By application, the market studied is divided into bakery, meat extenders and substitutes, nutritional supplements, beverages, animal feed, and other applications. Further, the high functional property of soy protein and its natural health benefit are boosting its market growth.
| By Type | |
| Soy Isolates | |
| Soy Concentrate | |
| Textured Soy Protein |
| By Application | |
| Bakery and Confectionery | |
| Meat Extenders and Substitutes | |
| Nutritional Supplements | |
| Beverages | |
| Animal Feed | |
| Others |
| Geography | |||||||||
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Key Market Trends
Increasing Application Of Soy Protein Ingredients In Meat Extenders And Substitutes
Owing to growing health awareness, consumers are shifting to plant-based protein products instead of animal protein products. So, soy protein remains the first choice of consumers among all other plant-based proteins. Soy protein isolates and concentrates are used for several other applications in the meat industry, such as emulsification, emulsion stabilization, gelation, and fat and water binding. As a result, emulsified meat formulations containing soy ingredients have a better visual appeal, good texture, and no off-flavors. In the United States, the military purchases more than one-half of its beef in ground form and utilizes soy-extended beef to achieve significant cost savings. The extender approved is textured or granulated soy protein concentrate, which can be added at about the 20% level (5% on a dry basis) in a hydrated form.
To understand key trends, Download Sample Report
North America Leading The Soy protein Ingredients Market
The soy protein ingredient market in the North American region is growing at a fast rate, owing to factors, such as changes in lifestyle, lack of balanced dietary intake, and increasing focus of global manufacturers on R&D to develop new kinds of soy-protein-enriched products. The United States continues to capture the largest market share for soy protein ingredients, followed by Canada, and Mexico. Nowadays, consumers in the region are switching to other alternative products, such as green label food products, due to increasing awareness for healthy and plant-based products as there is an increasing number of counterfeit products in the market.
To understand geography trends, Download Sample Report.
Competitive Landscape
The global soy protein ingredients market is consolidated and comprises of regional and international competitors. The most active companies in this market are Archer Daniels Midland, DuPont, The Scoular Company, Fuji Oil Asia Pte, Cargill, and DowDupont. The common strategies adopted by the companies are new product developments and merger and acquisition of small players, to get a foothold in the market. The soy protein ingredients market offers wide scope to the existing companies. There are government regulations for GMO soy, which influences the entry of players into the market.
Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables & Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters 5 Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Soy Isolates
5.1.2 Soy Concentrate
5.1.3 Textured Soy Protein
5.2 By Application
5.2.1 Bakery and Confectionery
5.2.2 Meat Extenders and Substitutes
5.2.3 Nutritional Supplements
5.2.4 Beverages
5.2.5 Animal Feed
5.2.6 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Spain
5.3.2.6 Italy
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South-America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Strategies Adopted by Leading Players
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Archer Daniels Midland Company
6.4.2 Cargill Inc.
6.4.3 DowDuPont Inc.
6.4.4 Kerry Group
6.4.5 Scoular Company
6.4.6 Wilmar International Ltd
6.4.7 Fuji Oil Asia Pte. Ltd
6.4.8 Food Chem International
6.4.9 Euroduna
6.4.10 Farbest Brands
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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