Market Overview —
Soy protein ingredients are derived from soy and are helpful as a protein supplement for all age groups. Soy protein ingredients have highly rich protein source and are cheap alternates to other protein sources. The shifting interest of people form animal-based protein sources to plant-based protein sources is the main factor responsible for the growth of this market. On observing market trends, the global soy proteins market is projected to touch 08 % annual growth mark during the survey period.
Soy protein ingredients are available as isolates, soy protein concentrates and soy flour. Soy protein ingredients are at the top among other plant-based protein sources. Soy proteins are also used in the treatment of meat products to enhance their appearance and taste. The soy protein ingredients are also used in infants’ food items for enhancing the quality and benefits of foods. Even the demands for prepared foods is playing an important role in the growth of this market.
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These ingredients are also replacing the traditional dairy products being a more abundant source of healthy protein. Health-conscious people, athletes and bodybuilders have also found this source useful for their demands. The global soy protein ingredients market is facing a massive rise in its growth graph. Still, factors like protein alternatives in the market and increasing costs are the primary negative features damaging the growth rate of this market.
Recent Industry News
Increasing demands for plant-based protein supplements are boosting the market. Race for the new products is increasing the competition within the market and is inviting hefty investments towards research & development, which is directly promoting the market’s stance and growth. The American region is the largest market and will stay at the top during the projected time.
Archer Daniels Midland Company (US), DowDupont Inc. (US), Cargill Incorporated (US), CHS Inc.(US), Kerry Group PLC (Ireland), Wilmar International Limited (Singapore), Ruchi Soya Industries Limited (India), Ag Processing Inc. (US), Nisshin Oillio Group, Ltd. (Japan), Natural Products, Inc. (US), The Scouler Company (US), Nordic Soya Oy (Finland), Sonic Biochem Limited (India), Devansoy (US), and Crown Soya Protein Group (China) are some of the key players in the Global Covid-19 Analysis on Soy protein ingredients Market.
Global Covid-19 Analysis on Soy protein ingredients Market is segmented into two parts:
Types of products: Soy protein isolates, soy protein concentrates, and soy flour are the types of products available in the market.
Application-based: These ingredients are used in food & beverage (meat, dairy replacements, bakery & confectionery, infant’s nutrition) and animal feed (livestock and pet) industries.
America, Europe, Asia Pacific and The Middle East & Africa are the major regions for observing the global Covid-19 Analysis on Soy protein ingredients Market.
The American region is the largest market and will keep dominance during the survey period. Increasing demand for plant-based protein supplements, demands for new alternatives and presence of the key market players are the factors responsible for the seamless growth of this market in this region. The European region is the second biggest market due to increasing health consciousness, increasing investments towards research & developments of healthcare products and others.
The Asia Pacific is the third-largest market. Large population bases, increasing awareness, robust industrial cover and rising disposable incomes are the factors responsible for the growth of soy protein ingredients in this region.
Rest of the regions are showing slow growth and will maintain the same during the survey period.
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Release ID: 88962018