Soy Protein Ingredients Market By Type (Soy Protein Isolate, Soy Protein Concentrate and Soy Flours) By Application (Bakery & Confectionery, Meat Alternatives, Functional Foods, Dairy Replacers, Infant Foods and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030. The soy protein ingredients market was valued at $9,594.0 million in 2020, and is projected to reach at $15,303.9 million by 2030, registering a CAGR of 4.4% from 2021 to 2030.
Soy protein ingredients are a product of soybean. They are is olated from soybean meal which has been defatted and dehulled. Defatted and dehulled soybeans are processed into three types of high protein products including soy protein concentrates, soy flour, and soy protein isolates. All these three types of soy protein ingredients contain 70% protein, 20% carbohydrates, 6% ash and around 1% oil. Soy protein ingredients provide almost all the types of amino acids for human nutrition and are identical to other legume pulses and are considered to be one of the least expensive sources of protein.
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The infant foods segment offers maximum market potential in the soy protein ingredients market, owing to increase in demand for soy protein ingredients across infant foods and readymade and packaged food products. Moreover, rise in demand for efficient and cost effective meat alternatives across infants is another key aspect fueling the demand for soy protein ingredients across the globe. The use of soy protein ingredients in infant foods has witnessed major developments, due to constant growth in per capita disposable income and rise in demand for soy protein ingredients.
Vegan diet attracts consumers due to the rise in consumer belief that plant-based protein products have medicinal benefits, which include enhancing immunity power, treating ailments, and mitigating the risk of diabetes, heart attack, and others. Thereby, the global health crisis has raised an awareness among the consumers to opt for vegan diet. This in turn fosters the growth of soy protein ingredients market in terms of value sales during the COVID-19 pandemic.
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The global soy protein ingredients market is segmented into type, application, and region. Depending on type, it is classified into soy protein isolates, soy protein concentrates, and soy flours. The soy protein concentrate segment dominated the global market in 2020, and is anticipated to maintain its dominance throughout the forecast period. On the basis of application, the market is segregated into bakeries & confectioneries, meat alternatives, functional foods, dairy replacers, infant foods, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for more than 35% share of the total revenue in 2020, followed by Europe and Asia-Pacific.
The players operating in the global soy protein ingredients market have adopted various developmental strategies to increase their market share, gain profitability, and remain competitive in the market. The key players operating in the soy protein ingredients market include AG Processing Inc., Archer-Daniels-Midland Company, Cargill, Inc., CHS Inc., Doves Farm Foods Ltd., E. I. Du Pont De Nemours and Company (Dupont Nutrition and Health), Kerry Group, Plc., Kraft Heinz Company, the Kellogg Company, and Wilmar International Limited.
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Table Of Content:
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segment
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.1.1.Top investment pockets
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Porter’s five forces analysis
3.2.1.Bargaining power of suppliers
3.2.2.Threat of new entrants
3.2.3.Threat of substitution
3.2.4.Intensity of competitive rivalry
3.2.5.Bargaining power of buyers
3.3.Impact of COVID-19
3.3.1.Multiple scenario
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1.Increase in health awareness among consumers
3.4.1.2.Rise in inclination towards plant protein and veganism.
3.4.1.3.Increase in the consumption of sports nutrition supplements.
3.4.2.Restraints
3.4.2.1.Undefined regulatory guidelines
3.4.2.2.Increase in prevalence of diseases in soybean plants……continue.
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