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.
Soy Protein Market Trends:
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.
Key Market Segmentation:
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:
- Textured Soy Protein
Breakup by Form:
- Capsules and Tablets
Breakup by Nature:
- Organic Soy Protein
- Conventional Soy Protein
Breakup by Distribution Channel:
- Convenience Stores
- Online Stores
Breakup by Application:
- Bakery and Confectionery
- Functional Foods
- Meat Additives
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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
| Historical Period
||Type, Form, Nature, Distribution Channel, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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.
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Key Questions Answered in This Report:
- How has the global soy protein market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global soy protein market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the nature?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global soy protein market and who are the key players?
- What is the degree of competition in the industry?