The Soy Protein Ingredients Market: Overview
The Soy Protein Ingredients Market is valued at around USD 10.2 billion in 2022 and is expected to reach USD 15.9 billion by 2030, registering a CAGR of 4.5% over the forecast period. Protein ingredients with soy as a source are sold in the global market for soy protein ingredients. The products under consideration are produced by businesses that have farms and a procurement system as a component of their agribusiness operation. Soy has a sizable number of proteins that are good for people of all ages and aid in maintaining physical fitness. According to the FDA, daily soy protein intake of 25 grammes lowers the risk of coronary heart disease. In terms of kind, there are three different kinds of soy protein: isolates, concentrates, and textured soy protein. The market under study is segmented by application into drinks, animal feed and pet food, nutritional supplements, bakery and confectionery, meat extenders and substitutes, and other applications.
The Soy Protein Ingredients Market - Growth Factor
The switch by consumers from animal to plant-based proteins is causing the worldwide soy protein market to grow. Soy protein, a component of organic foods used in food processing, is manufactured from soybean meal that has been defatted and hulled. Three different high-grade proteins are produced often from defatted and dehulled soybean: soy protein isolates, soy protein concentrates, and soy flours. Because soy protein is organic, it regularly replaces animal protein in foods that are sold all over the world. Soy proteins contain a lot of minerals, including calcium, iron, potassium, magnesium, fibre, and vitamin B. They also have a lot of protein. They are able to provide all of the essential amino acids needed for the body's growth and development as a result.
The Soy Protein Ingredients Market Market Trends
Due to an increase in the number of vegans, there is a growing demand for food and beverages that are certified to be made from plants. Escalating demand for nutritious foods and goods with a high protein content. There is an expanding market for natural components in animal feed products.
The primary reasons driving the global market for soy protein components include the rising popularity of vegan diets, their functional effectiveness, cost-competitiveness, and their increased application in a range of processed meals, particularly in the ready-to-eat product category.
To meet the functional and performance needs of food producers, suppliers of soy ingredients are still making sizable improvements. Soy components provide advantages in terms of general wellbeing, vitamin content, cost, and position flexibility in organics. They also have advantages in terms of nutrition and functionality.
The Soy Protein Ingredients Market Segmentation
The Soy Protein Ingredients Market fragrance concentrates market has been sub-classified into type, application.
On the basis of type, the Soy Protein Ingredients Market is bifurcated into:
Soya protein isolates
Soy protein concentrates
Soy flours
Others
On the basis of application, the market is bifurcated into:
Bakery and confectionary
Meat alternatives
Functional foods
Dairy replacers
Infant foods
Others
The Soy Protein Ingredients Market Regional Analysis
North America dominated the global Soy Protein Ingredients Market, rising popularity of plant-based foods and beverages, together with the growing vegan population, are attributed with driving the expansion of the local business. People in the area are more conscious of their dietary choices and the environment now. The use of soy protein components across North America will be aided by the intensifying shift toward a healthy lifestyle and the rising incidence of many chronic diseases.
The Soy Protein Ingredients Market Key Market players
Global key players of Soy Protein Ingredients Market include Cargill, Incorporated., DuPont de Nemours, Inc., ADM, CHS Inc., Wilmar International, US Nisshin Shokai, International Flavors & Fragrances, Inc., Now Foods, Sotexpro, Wilmar International, and others.
Report scope
Global Soy Protein Ingredients Market: Historical Years- 2018-2021
Global Soy Protein Ingredients Market: Forecast Years- 2022-2030
Global Soy Protein Ingredients Market 2022- USD 10.2 billion
Global Soy Protein Ingredients Market 2030- USD 15.9 billion
Global Soy Protein Ingredients Market CAGR- 4.5%
