Global Soy Protein Ingredients Market to witness a surge in its valuation with a CAGR by 2027

Published | 20 December 2020

According to BlueWeaveConsulting, Global Soy Protein Ingredients Market is estimated to be USD by 2027 from USD in 2017, at a CAGR of from 2021 to 2027. 

Soy protein is used as a factor in various food products such as vegetarian foods, meat imitations, salad dressings, and soups. Soy protein contains texturizing and emulsification functional properties. The soy protein constituents’ market is determined by several factors such as increasing consumer preference for healthy products and the growing use of soy foods. These ingredients are used in infant food products, meat substitute, soymilk, bakery & confectionery, and functional food. Consumers prefer consuming healthy food thus the demand for soy protein elements has increased considerably. Variation in ingesting patterns and consumer leaning towards protein-rich vegetarian products positively affected the global market. Increasing nutritional necessities due to fast-paced lifestyles and the availability of a wide variety of ready-to-eat soy protein products is predicted to propel the global soy protein ingredients market growth. There is a high request for soy protein constituents from food industries such as infant foods, bakery, and functional foods. Developing niche markets and higher request for soy protein ingredients are giving new chances in the global market.

“Infant Food dominates the Application Segment”

Based on Application, The soy protein ingredients market is divided into Bakery & Confectionery, Dairy Replacements, Meat Alternatives, Functional Foods, and Infant Foods. The infant foods segment deals maximum market prospective in the soy protein ingredients market, owing to the rise in requests for soy protein ingredients across infant foods and readymade and packaged food products. Moreover, the rise in requests for competent and cost-effective meat substitutes across infants is another key feature powering the demand for soy protein ingredients across the globe.

Growth Drivers 

Increasing Application of Soy Protein Ingredients in Meat Extenders and Substitutes

Due to growing health awareness, consumers are shifting to plant-based protein products in place of animal protein products. Therefore, soy protein rests the first choice of customers amongst all other plant-based proteins. Soy protein isolates and distillates are used for several other uses in the meat industry, such as gelation, emulsification, emulsion stabilization, and fat and water binding. As a result, emulsified meat preparations comprising soy ingredients have a better visual appeal, good texture, and no off-flavors. In the United States, the military purchases more than one-half of its beef in ground form and utilizes soy-extended beef to achieve important cost savings. 

Health Benefits of Soy Protein

The health welfares associated with the ingesting of soy protein does not eliminate any age group. Soy protein is also safe and reasonable when likened to animal proteins. The long shelf life of plant-based products is also a benefit for the global soy protein constituent market. Plant-based ingredients hardly spoil, unlike animal-based constituents which often decay if not correctly stored or used within a stated period.

“North America dominates the Global Soy Protein Ingredients Market”

The North American soy protein ingredient market is growing at its firmest pace due to changing consumers’ routines and lack of balanced dietary intake. The United States is the major market in this area, followed by Canada. With the rise in awareness regarding the health benefits associated with the ingesting of biological products, especially plant-based ones, the global soy protein ingredient market is projected to rise over the prediction period within North America.

Global Soy Protein Ingredients Market: Competitive Landscape

Some of the leading players operating in the Global Soy Protein Ingredients Market are Fonterra, Dupont, Shansong Biological, Solbar, Charotar Casein, Milk Specialties, Scoular, Archer Daniels Midland, Omega Protein, Kerry Group, Arla Foods, Glanbia, Dean Foods, Cargill, ABF and DMV, and other prominent players.

Do not miss the business opportunity of the Global Soy Protein Ingredients Market. Consult our analyst, gain crucial insights, and facilitate your business growth. 

The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Global Soy Protein Ingredients Market size & forecast. The report promises to provide state-of-the-art technology of the Global Soy Protein Ingredients Market and industry insights, which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers, challenges, and competitive analysis of the market. 

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