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Soy Protein Ingredients Market- Growth, Trends, and Forecast (2019 - 2024)

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 and Others; by Geography.

Market Snapshot

Snap
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR% (2019 - 2024):

6.88%

Key Players:

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Market Overview

The global Soy Protein Ingredients market is forecasted to reach USD 7.2 billion  by 2024 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, 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
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South-America
Middle East and Africa
South Africa
Rest of Middle East and Africa

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Key Market Trends

Increasing Awareness about Soy Protein Benefits

Health management has become a trend, and consumers are looking for food and beverage products that would help them treat or prevent specific conditions. The culinary habits of a majority of the population are changing, due to focus on weight management. Gen Z already makes up 23% of the US population and is a proactive participant in health and wellness. Soy protein isolates are 90% concentrated vegetable protein. These proteins are good for athletes and bodybuilders as well. These health benefits are also driving the market demand. Soy protein is a biologically-active non-isoflavone component of soy, with health benefits such as Cholesterol-lowering effects, Blood pressure-lowering effects etc. Soy protein products offer several benefits to women in various stages.

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North America leading the Soy protein Ingredients Market

North America dominates the Soy Protein Ingredients Market. The soy protein ingredient market in the 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. 

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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.

Major Players

  1. Archer Daniels Midland
  2. Cargill Inc.
  3. DowDuPont Inc.
  4. Kerry Group
  5. Scoular Company

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porters 5 Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Soy Isolates

      2. 5.1.2 Soy Concentrate

      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 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South-America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Archer Daniels Midland Company

      2. 6.4.2 Cargill Inc.

      3. 6.4.3 DowDuPont Inc.

      4. 6.4.4 Kerry Group

      5. 6.4.5 Scoular Company

      6. 6.4.6 Wilmar International Ltd

      7. 6.4.7 Fuji Oil Asia Pte. Ltd

      8. 6.4.8 Food Chem International

      9. 6.4.9 Euroduna

      10. 6.4.10 Farbest Brands

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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