Soy protein ingredients market forecast to 2023 insights shared in detailed report

Soy Protein Ingredients Market By Type (Soy Protein Isolates, Soy Protein Concentrates, Soy Flours) By Application (Bakery and Confectionery, Meat Alternatives, Dairy Replacements, Functional Foods).

Global Soy Protein Ingredients Market  was valued at USD 8.88 Billion in the year 2017. Global Soy Protein Ingredients Market is further estimated to grow at a CAGR of 7.48% from 2018 to 2023 to reach USD 13.69 Billion by the year 2023.

North America region holds the highest market share in 2017 and is considered as the fastest growing market in the forecasted period due to steady growth rate and increasing economies in these regions. At a country level, developed markets like the U.S., European nations as well the emerging markets like Latin America and Indian holds the notable market share in 2017 and it is projected to grow at a strongly in the coming years.

 The major players in the Global Soy Protein Market Kellogg Company (U.S), DuPont Nutrition & Health (Denmark), Burcon NutraScience Corporation (Canada), Cargill Inc. (U.S), Armor Proteins (France) and Archer Daniels Midland Company (U.S).

Organic growth strategies adopted by most of the top manufacturers in recent years provides comprehensive market opportunities for the various stakeholder.

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Drivers

            Providing better protein content than dairy and other products

            Increasing health consciousness and fitness among people

Restraints

            Undefined government regulations

Opportunity

            Innovations in technologies for better soy products

            Increasing investment opportunity in Asia-Pacific & Latin America region

Challenges

            Substitute soy products like egg white powder & goat milk

In the global soy protein market, by product Type soy protein isolates segment holds the highest market share among another product type. On the other hand, infant food by application for this market is expected to grow at the highest CAGR of 6.9 % during the year 2017-2022.

The infant food segment holds the substantial market share because of its high demand and rising awareness with efficient cost.

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Key Benefits for Stakeholders

Soy protein Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

Healthcare centers and senior citizens

By Type

Soy Protein Isolates

Soy Protein Concentrates

Soy Flours

Others

By Application

Bakery and Confectionary

Meat Alternatives

Dairy Replacers

Functional Foods

Infant Foods

Others

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

1. 1. DuPont Nutrition & Health (Denmark)
2. 2. Kellogg Company (U.S)
3. 3. Burcon NutraScience Corporation (Canada)
4. 4. Cargill Inc. (U.S)
5. 5. Armor Proteins (France)
6. 6. Archer Daniels Midland Company (U.S)
7. 7. Wilmer International (Singapore)
8. 8. Doves Farm Foods (U.K)
9. 9. George Weston Foods (Australia)
10. 10. Ag Processing Inc. (U.S)

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