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 are DuPont Nutrition & Health (Denmark), Kellogg Company (U.S), Burcon NutraScience Corporation (Canada), Cargill Inc. (U.S), Armor Proteins (France) and Archer Daniels Midland Company (U.S).
Rising research and development expenses, similarly growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Providing better protein content than dairy and other products
Increasing health consciousness and fitness among people
Undefined government regulations
Innovations in technologies for better soy products
Increasing investment opportunity in Asia-Pacific & Latin America region
Substitute soy products like egg white powder & goat milk
By product type, soy protein isolates segment holds the highest market share among other product types. On the other hand, infant food by application for this market is expected to grow at the highest CAGR during the year 2018-2023.
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
Regulatory bodies, policy actors, and consumers.
Healthcare centers and senior citizens
Soy Protein Isolates
Soy Protein Concentrates
Bakery and Confectionary
Key Market Players
DuPont Nutrition & Health (Denmark)
Kellogg Company (U.S)
Burcon NutraScience Corporation (Canada)
Cargill Inc. (U.S)
Armor Proteins (France)
Archer Daniels Midland Company (U.S)
Wilmer International (Singapore)
Doves Farm Foods (U.K)
George Weston Foods (Australia)
Ag Processing Inc. (U.S)
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