The soy protein ingredients market is projected to grow at a CAGR of 7% from 2017 to 2022, to reach USD 12.8 billion by 2022. The base year considered for the study is 2016, and the forecast period is from 2021 to 2027.
Soy protein ingredients are the products that are isolated from defatted soybean. De-hulled and defatted soybean is processed into three categories including soy flour, soy protein concentrates, and soy protein isolates. These soy ingredients contain around 70% protein and, hence provide almost all types of amino acids for human nutrition. These nutrients are almost identical to the nutrients present in other legumes and are considered to be one of the most affordable sources of protein-rich products in the market. The rising awareness about the impact of meat on the health and environment has encouraged more people to cut the meat consumption and find plant-based protein-rich products which support the soy protein ingredients’ demand.
A full report of Soy Protein Ingredients Market available at: https://www.orionmarketreports.com/soy-protein-ingredients-market/31252/
The most active companies in the soy protein ingredients market include DuPont, Cargill, Fuji Oil Asia Pte, and Archer Daniels Midland. The global soy protein ingredients market is driven by the rising popularity and adoption of the vegan diet and cost-competitive plant-based protein products available in the market, and their growing utilization in the ready-to-eat processed food category. Food and Drug Administration (FDA) claims that consuming around 25 grams of soy protein consumption every day reduces the risk of heart diseases. The high functional property of soy protein and its health benefits at an affordable cost has resulted in increased adoption of soy protein by many end-user industries and it boosting the market growth.
Soy Protein Ingredients Market- Segmentation
By Product Type
• Soy Protein Isolates
• Soy Protein Concentrates
• Soy Flours
• Others
By Application
Food & Beverages
• Bakery & Confectionery
• Meat Alternatives
• Functional Foods
• Dairy Replacement Products
• Infant Nutrition
• Others
Feed
• Animal Feed
• Pet Food
• Aqua food
Segment by Region
North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe
Asia-Pacific
• Japan
• China
• India
• Australia and New Zealand
• Rest of Asia-Pacific
Rest of the World
• South America
• Middle East
• Africa
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
