Asia-Pacific Organic Soy Protein market has been estimated at USD 93.88 Million in 2016 and is projected to reach USD 236.53 Million by 2021, at a CAGR of 20.3% during the forecast period from 2016 to 2021.
Soy isolates are mainly used to improve the texture of meat products, and are also used to increase protein content, to enhance moisture retention, and as an emulsifier. They are low in fat content, cholesterol free and contains a minimum of 90% protein and is completely gluten free.
The market in Asia-Pacific region is driven mainly due to increasing number of people with obesity and diabetes, due to which they have shifted from dairy products to soy, which is much healthier. Also, with soy being cheaper than other alternatives, the demand for Soy is increasing.But costs involved in raw material processing could turn out to be a constraint to market growth.
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The Asia-Pacific market for Organic Soy Protein is segmented by Type and by Application. By Type, the market is further segmented as Concentrates, Isolates, and Flour.
By Application, the market is further segmented as functional foods, infant formula, dairy alternatives, meat alternatives, bakery & confectionery, and other applications. Soy protein concentrates accounted for the largest market share, by type, due to their wide usage as functional or nutritional ingredients in a wide variety of food products.
Functional foods segment accounts a maximum share in the market by application, by application. Increase in functional food consumption by people is driving the demand, which is leading the soy functional foods to contribute maximum to the market.
The dairy alternatives application of organic soy protein is expected to grow due to increasing demand for soymilk from lactose-intolerant consumers.
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Geographically, Asia-Pacific market for Organic Soy Protein is segmented into China, Japan, India, South Korea and Australia. The market is blooming in this region with many companies already involved in soy products production, especially in countries like China and India, where the demand for soy products is really high.
The major players in the Asia-Pacific Organic Soy Protein Market include Harvest Innovations, Agrawal Oil & Biochem, Frank Food Products, The Scoular Company, Devansoy Inc., Biopress S.A.S., Natural Products Inc., Hodgson Mill, SunOpta, Inc., and World Food Processing.
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