Global Soy Protein Market Size is projected to be valued $7.4 Billion by 2024; with a CAGR of 5.8% from 2017 to 2025. Soy protein, generally regarded as the storage protein, is isolated from soybean held in discrete particles called protein bodies which are estimated to contain at least 60-70% of the total soybean protein.Soybeans are a source of complete protein which is essentially the same as that of other legume and vegetable proteins. Soy proteinis the least expensive source of dietary proteinthat must be provided to the human body because of the body's inability to synthesize them.
Increasing awareness among consumers coupled with high adoption among end users fuel the growth of the market. Moreover, increasing popularity of infant foods containing soy proteins also supports the growth of the market. However, allergic nature and availability of alternative protein sources may hinder the growth of the market. Furthermore, cultivation of organic soy and expansion in untapped markets would provide growth opportunities in the upcoming years.
The global soy protein market is segmented based on the product type, form type, application, function type and geography. By product type, it is further segmented soy proteins isolates, soy proteins concentrates and soy proteins hydrolysates. Form Type can be segmented into dry and liquid. Application can be segmented into functional foods, bakery & confectionery and others. Furthermore, function type is segmented into nutrients, emulsifier, fat & water absorption and texturants.
By geography the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, France, Italy and others. Asia-Pacific covers India, China, Japan and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in the global Soy Proteinmarket are Crown Soya Protein Group, BurconNutraScience Corporation, Ruchi Soya Industries, Armor Proteins, Archer Daniels Midland Company, Wilmer International, Kerry Ingredients Inc., DuPoint Nutrition & Health, George Weston Foods and Omega Protein Corporation, among others.
The key takeaways from the report
Scope of Soy Protein Market
Product Type Segments
Form Type Segments
Function Type Segments