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The global soy protein market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Soy protein ingredients are a product of soybeans, which are isolated and processed from defatted and dehulled soybean meal. Soy protein ingredients are one of the least expensive sources of protein and their consumption provides oligosaccharides, fibers, and amino acids identical to other legume pulses. Their low-fat content and high dispersibility make them a desirable ingredient for milk beverages. In addition, the gelling, absorbing, whipping, and binding properties of soy protein enable it to be used for diverse cooking applications. These ingredients are characterized by high protein content, extended shelf life, and enhanced stability in a variety of food applications. As a result, they are widely utilized in the production of weaning foods, dairy replacements, bakery and confectionery products, flatbreads, soups and sauces, ground meat, and specialty items.
The market is majorly driven by the easy availability of meat alternatives due to a paradigm shift among consumers from animal proteins to plant-based proteins. This can be attributed to the rising trend of veganism across the globe. In addition to this, the rising awareness regarding the adoption of protein-rich diets due to the widespread health and wellness programs are resulting in a higher product uptake. Moreover, continual technological advancements in food processing technologies are also providing an impetus to the market growth. The growing demand for soy protein as a competitive source of protein in animal feed is propelling the market growth. Apart from this, the rapid utilization of soy protein ingredients in the formulation of infant food and formulae are creating a positive outlook for the market. Some of the other factors contributing to the market growth include considerable growth in the food and beverage (F&B) industry, extensive research and development (R&D) activities conducted by key players and inflating disposable incomes of the individuals.
IMARC Group provides an analysis of the key trends in each sub-segment of the global soy protein market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, form, nature, distribution channel and application.
Breakup by Type:
Breakup by Form:
Breakup by Nature:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being A. Costantino & C. spa, Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated, Crown Soya Protein Group, DuPont de Nemours Inc., Fuji Oil Co. Ltd., Smithfield Foods Inc, Sonic Biochem Extractions Pvt. Ltd, The Scoular Company and Wilmar International Ltd.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Form, Nature, Distribution Channel, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||A. Costantino & C. spa, Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated, Crown Soya Protein Group, DuPont de Nemours Inc., Fuji Oil Co. Ltd., Smithfield Foods Inc, Sonic Biochem Extractions Pvt. Ltd, The Scoular Company and Wilmar International Ltd.|
|Customization Scope||10% Free Customization|
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|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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