The Europe Organic Soy Protein market has been estimated at USD 123.92 Million in 2016 and is projected to reach USD 237.54 Million by 2021, at a CAGR of 13.9% during the forecast period from 2016 to 2021.
Soy protein isolate is a highly refined or purified form of soy protein. They are low in fat content, cholesterol free and contains a minimum of 90% protein and is completely gluten free.
In Europe, people have recognized the special benefits of soy products and started adopting it. Therefore, with a great demand already, many companies have shifted to soy product production, which is driving the market here.
However, the cost involved in production can hamper the market growth in Europe.
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The Europe 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, Europe market for Organic Soy Protein is segmented into U.K, Germany, Spain, France and Italy. Many large food companies have become soy manufacturers in Europe, rather than in North America.
Many companies have found a potential for the future in soy products, which was why European market tops the world contribution in Organic Soy Proteins market.
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The major players in the Europe 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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