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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Segment review
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.
By type, the soy protein ingredients market is divided into soy protein ingredients isolate, Soy Protein Concentrates and Soy Flours. The soy protein concentrate segment dominated the market in 2020, and is expected to gain maximum market share in the coming years.
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Covid-19 Impact Analysis
- Soy protein ingredients industry was negatively impacted by the pandemic owing to the government restrictions and regulations to stay home which restricted the authorities to check the soy protein ingredients more efficiently like before.
- the ability of some testing laboratories was conceded due to the pandemic, with the constraint to follow social distancing and the reduced availability of material and staff
- This increase in sales is expect do to continue in the post COVID scenario due to the persistent consumer inclination towards health and wellbeing caused by the pandemic.
Key Benefits of the Report:
- The report provides an extensive analysis of the current and emerging Soy protein ingredients market trends and opportunities.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing soy protein ingredients market opportunities in the market.
- The soy protein ingredients market fore cast is offered along with information related to key drivers, restraints, and opportunities.
- The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
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