Food & Beverage Market Research News

Detailed examination of the Global soy protein market to reach USD 13.5 billion by 2024

Food & Beverage Market Research

On the back of rising adoption of healthy lifestyles, the market is set to grow at a CAGR of 7.5% during the forecast period

According to Goldstein Research, global Soy protein market is expected to reach USD 13.5 billion by the end of 2024 from USD 7.5 billion in 2016, growing at a CAGR of 7.5%. The inclination of consumers towards healthy and natural drinks and awareness of soy protein benefits are major factors driving the growth of soy protein market.

Global Soy protein market segmentation has been done on the basis of product type, application and geography. Soy protein isolates accounted for the largest market share of global soy protein market in 2016, which contains 90% of protein content as compared to other soy products.