The Soy Protein Isolate Market Size was valued at $2.9 billion in 2021, and is estimated to reach $4.5 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.ย Soy proteins are derived from soybean meal, which is defatted and dehulled. Defatted & dehulled soybeans are processed into three types of high-protein commercial products, including soy protein concentrates, soy protein isolates, and soy flours.
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The report focuses on the Soy Protein Isolate Market Growth prospects, restraints, andย Soy Protein Isolate Market Opportunity of the global Soy protein isolate market. The study provides Porterโs five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, the threat of substitutes, the threat of new entrants, and the bargaining power of buyers of the soy protein isolate market. The players operating in the global soy protein isolate market have adopted various developmental strategies to increase their Soy Protein Isolate Market Share, gain profitability, and remain competitive in the market.
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The key players included in the Soy Protein Isolate Market Analysis areย 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.
Moreover, active and health-conscious consumers have shifted their preference toward natural alternatives from caffeinated and sugar-based energy drinks. Protein ingredients possess specific nutrients and supplements, which improvise athletic performance and metabolism. Appropriate nutrition is an essential prerequisite for the effective improvement of athletic performance, recovery from fatigue after exercise, and prevention of injury. Therefore, the demand for plant-based proteins has grown rapidly due to their nutritional properties, which has propelled the growth of the soy protein isolate market.
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The soy protein isolate market is segmented into application, form and end user, and region. Depending on the application, the market is divided into food, beverage, medicines, and others. On the basis of form, the market is segregated into organic and conventional. On the basis of end-user, the market is bifurcated into commercial and residential. 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 2021, followed by Europe and Asia-Pacific.
Key findings of the study
- By application, the beverages segment is anticipated to be the fastest growing segment during the Soy Protein Isolate Market Forecast period with the CAGR of 6.6%.
- On the basis of form, the organic segment is anticipated to grow with a fastest CAGR during the forecast period with the CAGR of 6.2%.
- On the basis of end user, the residential segment is likely to be the fastest growing segment during the forecast period with the CAGR of 5.2%.
- Region-wise, North America led has the dominatingย Soy Protein Isolate Market Sizeย in 2021, and is expected to retain its dominance during the forecast period.
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