Soy Protein Ingredients Market Set to Expand Significantly, Projected to Reach $15.3 Billion by 2030.

Soy Protein Market Surges: Valued at $9,594.0 million in 2020, projected to reach $15,303.9 million by 2030 with a CAGR of 4.4%.

WILMINGTON,NEW CASTLE, DELAWARE 19801 USA, UNITED STATE, January 14, 2024 /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.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐅𝐨𝐫 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐏𝐃𝐅:

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The global soy protein ingredients market, valued at $9,594.0 million in 2020, is set to achieve remarkable growth, reaching $15,303.9 million by 2030, with a robust CAGR of 4.4% from 2021 to 2030. These ingredients, derived from soybeans, undergo defatting and dehulling processes to produce soy protein isolates, soy protein concentrates, and soy flours, all rich in protein, low in carbohydrates, and deemed cost-effective.

𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫𝐬:
The surge in the popularity of vegan diets, attributed to perceived medicinal benefits, such as immunity enhancement and disease risk reduction, is a significant driver. The COVID-19 pandemic has heightened awareness of health, prompting consumers to choose plant-based proteins. Infant foods, utilizing soy protein ingredients for cost-effective and nutritious alternatives, represent a promising market segment.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

𝐁𝐲 𝐓𝐲𝐩𝐞: The soy protein concentrate segment led the market in 2020 and is expected to maintain dominance, reflecting its economic viability and nutritional profile.
𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧: The bakery & confectionery segment holds a prominent position, driven by the increasing use of soy protein ingredients in various products.
𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧: North America claimed over 35% of the market share in 2020, followed by Europe and Asia-Pacific.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:
Rising costs and potential substitutes pose challenges to market growth. However, ongoing research and development activities aim to create cost-effective, highly nutritious soy protein ingredients, providing growth opportunities.

𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Major players in the soy protein ingredients market include AG Processing Inc., Archer-Daniels-Midland Company, Cargill, Inc., CHS Inc., Doves Farm Foods Ltd., DuPont, Kerry Group, Kraft Heinz Company, Kellogg Company, and Wilmar International Limited.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:

Comprehensive analysis of current and emerging market trends and opportunities.
Detailed qualitative and quantitative analysis aiding in evaluating market opportunities.
Market forecast with insights into key drivers, restraints, and opportunities.
In-depth analysis of product positioning and top competitors.
Extensive qualitative insights on potential growth segments or regions.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝

The soy protein ingredients market is poised for substantial growth, driven by the increasing popularity of vegan diets, particularly in the wake of the global health crisis. Ongoing research endeavors and a focus on creating cost-effective, nutritious options are expected to fuel further expansion in the coming years. The report provides a comprehensive understanding of market dynamics, making it a valuable resource for stakeholders navigating the evolving landscape of soy protein ingredients.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

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Allied Market Research
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