According to the current analysis of Reports and Data, The Global Soy Protein Ingredients Market was valued at USD 9.7 Billion in 2018 and is expected to reach USD 16.6 Billion by the year 2026, at a CAGR of 6.9%. The products in soy protein ingredients market serve as excellent sources of dietary protein. They provide amino acids that are essential for protein synthesis in muscles and other tissues. They are used to produce high protein foods as they are concentrates of soy proteins. Most soy protein ingredients market foods are available in defatted forms. The consumer- base of soy protein ingredients market has increased over the years, with a rise in the number of highly health-conscious consumers.
Soy protein ingredients market is undergoing various technological advancements. The soy protein ingredients market products are used mainly for the production of nutritional bars. To meet the needs of the bar manufacturing industry, new constituents including extruded soy proteins in various shapes, sizes, and hardness, isolates, and isolate systems for core softness, whole grain soy flour, etc. are developed. With the changing needs of the manufacturers in the industry, the manufacturing processes are expected to improve.
Available in a wide range of products, soybeans are one of the few vegetarian sources of total protein containing all the essential amino acids required in the human diet. Familiar food preparations include products such as edamame (whole soybeans), tofu (soybean curd), soymilk, soy flour, tempeh (cooked and fermented soy), miso (fermented soybean paste), and soy sauce. Components that are refined are also available as nutritional supplements in the form of isolated soy protein and as the soy-derived isoflavones genistein, daidzein, and glycitein. They have been considered as a staple source of protein in Asian diets for thousands of years and received significant attention when studies showed that Asian populations have a lower risk of breast and prostate cancers. Researches of this constituent mainly focus on three areas -dietary whole soy protein intake (for instance, soybeans, tofu), isolated soy protein supplements, which are alcohol-washed to remove components, and dietary supplementation with soy isoflavones.
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The Soy Protein Ingredients market investigation report assesses the global market for the Soy Protein Ingredients industry and provides revenue and capability forecasts for the projected period of 2023-2026. The factors that drive the industry's growth are highlighted in the report. The report divides the Soy Protein Ingredients market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Archer Daniels Midland Company (U.S.),
- I. du Pont de Nemours and Company (U.S.),
- Cargill (U.S.),
- CHS Inc. (U.S.),
- Kerry Group plc. (Ireland),
- Wilmar International Ltd. (Singapore),
- Nisshin OilliO Group, Ltd. (Japan),
- Ruchi Soya Industries Ltd. (India),
- Ag Processing Inc. (U.S.),
- Devansoy (U.S.),
- The Scoular Company (U.S.)
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Type Outlook (Revenue in Billion USD; 2016–2026)
- Soy protein concentrates
- Soy protein isolates
- Soy flours
Application Outlook (Revenue in Billion USD; 2016–2026)
- Pet food
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Soy Protein Ingredients market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Soy Protein Ingredients market.
The Global Soy Protein Ingredients Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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