Soy Protein Ingredients Market
Rising demand for sustainable nutrition propels Soy Protein Market to $15.3B by 2030. A transformative journey from $9.6B in 2020.
โ Allied Market Research
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATE, December 12, 2023 /EINPresswire.com/ — The soy Protein Ingredients Market was valued at $9,594.0 million in 2020, and is projected to reach at $15,303.9 million by 2030, registering a CAGR of 4.4% from 2021 to 2030. Soy protein ingredients are a product of soybean. They are is olated from soybean meal which has been defatted and dehulled. Defatted and dehulled soybeans are processed into three types of high protein products including soy protein concentrates, soy flour, and soy protein isolates.
All these three types of soy protein ingredients contain 70% protein, 20% carbohydrates, 6% ash and around 1% oil. Soy protein ingredients provide almost all the types of amino acids for human nutrition and are identical to other legume pulses and are considered to be one of the least expensive sources of protein.
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The infant foods segment offers maximum market potential in the soy protein ingredients market, owing to increase in demand for soy protein ingredients across infant foods and readymade and packaged food products. Moreover, rise in demand for efficient and cost effective meat alternatives across infants is another key aspect fueling the demand for soy protein ingredients across the globe. The use of soy protein ingredients in infant foods has witnessed major developments, due to constant growth in per capita disposable income and rise in demand for soy protein ingredients. However, increasing costs and threat of substitutes are expected to affect the overall market growth in the developed and the developing countries. Furthermore, investments in R&D activities to produce cost effective and high in nutrition soy protein ingredients are expected to provide opportunities for growth in the future.
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The global soy protein ingredients market is segmented into type, application, and region. Depending on type, it is classified into soy protein isolates, soy protein concentrates, and soy flours. The soy protein concentrate segment dominated the global market in 2020, and is anticipated to maintain its dominance throughout the forecast period. On the basis of application, the market is segregated into bakeries & confectioneries, meat alternatives, functional foods, dairy replacers, infant foods, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for more than 35% share of the total revenue in 2020, followed by Europe and Asia-Pacific.
By type, the soy protein ingredients market is divided into soy protein ingredients isolate, Soy Protein Concentrates and Soy Flours. The soy protein concentrate segment dominated the market in 2020, and is expected to gain maximum market share in the coming years.
๐ ๐๐ก๐ ๐ฌ๐จ๐ฒ ๐ฉ๐ซ๐จ๐ญ๐๐ข๐ง ๐๐จ๐ง๐๐๐ง๐ญ๐ซ๐๐ญ๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ฌ ๐ญ๐ก๐ ๐๐จ๐ฒ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐ง๐ ๐ซ๐๐๐ข๐๐ง๐ญ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐.
๐ ๐๐ก๐ ๐๐๐ค๐๐ซ๐ฒ & ๐๐จ๐ง๐๐๐๐ญ๐ข๐จ๐ง๐๐ซ๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ฌ ๐ญ๐ก๐ ๐๐จ๐ฒ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐ง๐ ๐ซ๐๐๐ข๐๐ง๐ญ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐.
๐ ๐๐ก๐ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐ญ๐ก๐ ๐๐จ๐ฒ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐ง๐ ๐ซ๐๐๐ข๐๐ง๐ญ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐.
On the basis of application, the market is categorized intobakery & confectionery, meat alternatives, functional foods, dairy replacers, infant foods and others infant food segment is anticipated to grow with a moderate CAGR during the forecast period.
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By region, the market is further divided into North America, Europe, Asia-Pacific and LAMEA. North America led in terms of market share in 2020, and is expected to retain its dominance during the forecast period.
The report focuses on the Soy protein ingredients market growth prospects, restraints, and opportunities of the global Soy protein ingredients market. The study provides Porterโs five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the Soy protein ingredients market.
The players operating in the global soy protein ingredients market have adopted various developmental strategies to increase their market share, gain profitability, and remain competitive in the market. The key players operating in the soy protein ingredients market include AG Processing Inc., Archer-Daniels-Midland Company, Cargill, Inc., CHS Inc., Doves Farm Foods Ltd., E. I. Du Pont De Nemours and Company (Dupont Nutrition and Health), Kerry Group, Plc., Kraft Heinz Company, the Kellogg Company, and Wilmar International Limited.
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๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐ ๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ
> The report provides an extensive analysis of the current and emerging Soy protein ingredients market trends and opportunities.
> The report provides detailed qualitative and quantitative analysis of the currenttrends and future estimations that help evaluate the prevailing soy protein ingredients market opportunities in the market.
> The soy protein ingredients market fore cast is offered along with information related to key drivers, restraints, and opportunities.
> The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
> The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก
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Article originally published on www.einpresswire.com as From $9.6B to $15.3B by 2030, Fueled by Rising Demand and Market Innovations