Pune, India -- (SBWIRE) -- 03/28/2018 -- Market Definition
This market report defines the market trends and forecast the upcoming opportunities and threats of soy protein market in the next 8 years. Soy protein is derived from soybeans after extraction of oil. Soy protein is used as an alternative to dairy protein and used as quality substitute for meat. It regulates bad fat and cholesterol along with muscle metabolism. Regular consumption of soy protein in desired quantities helps in maintaining the structure and vitals in the human body. The increasing demand of adding functional foods and nutritional supplements in diet is driving factor for the growth of soy protein products. The consumer based research has led to the rise of analogues of meat and plat based products due to the demand from vegan consumers, and for those who wish not to consume animal protein due to health reasons. Increasing adoption of soy protein isolates in infant foods and functional whey supplements are expected to further boost the market growth in coming years. The key players are expanding their business by venturing into new territories of developing economies through mergers and acquisitions to be in the market. In 2016, Cargill Incorporated collaborated with global non-GMO supply chain leaders to expand the non-GMO ingredient availability. It is also promoting its products as health and wellness supplements, which is a thriving market among health conscious consumers. However, concerns pertaining to the adverse health effects due to consumption of GM soybean products likely to hinder the market growth to certain extent.
Global Market Analysis of Global soy protein market
The global soy protein market is expected to reach USD 16.3 Billion by 2025, from USD 9.51 Billion in 2017 growing at a CAGR of 7.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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This Report Consists of –
- No of pages: 350, No of Figures: 60, No of Tables: 220
Global Soy Protein Market By Type (Soy Protein Isolates, Soy Protein Concentrates, Soy Flours, Others), By Application (Food, Feed), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025
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Frequently Asked Questions?
- What will the market size be in 2025?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2025?
- Which strategies are used by top players in the Global Soy Protein Market?
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Major Market Drivers & Market Restraint: Global Soy Protein Market
- High nutritional value of soy.
- Preferred alternative to meat and dairy proteins.
- Increasing demand for plant-based protein as a result of growing vegan population.
- Increasing awareness about benefits of protein and growing demand for protein rich diet.
- Preference for animal based protein over plant based protein.
- Ban on Soy Products of Gm Origin.
- Increasing costs and threat of alternative products.
Market Segmentation: Global Soy Protein Market
The global soy protein market is segmented based on type and application.
On the basis of type global soy protein market is segmented into
- soy protein isolates,
- soy protein concentrates,
- soy flours and others
On the basis of application global soy protein market is segmented into
- food, and
Food is further sub segmented into bakery & confectionery, meat alternatives, functional foods, dairy replacements, infant foods, others. Feed is further sub segmented into livestock, pet food and aqua feed.
Based on geography the global soy protein market report covers data points for 28 countries across multiple geographies namely
- North America & South America,
- Asia-Pacific and,
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. In 2017, North America is expected to dominate the market.
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The global soy protein market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global soy protein market for global, Europe, North America, Asia Pacific and South America.
Top Competitors of Market
- Archer Daniels Midland Company,
- CHS Inc,
- Kerry Group,
- Wilmar International Ltd.,
- The Nisshin OilliO Group, Ltd,
- Ruchi Soya Industries Limited,
- Ag Processing Inc,
- Devansoy Inc.,
- The Scoular Company,
- Biopress S.A.S.,
- Foodchem International Corporation
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