Soy Protein Market - Industry Overview

Albany, NY -- (SBWire) -- 04/10/2019 --According to a recent report published by Transparency Market Research (TMR), the global soy protein market is prognosticated to expand at a steady CAGR of 5.5% within the forecast period from 2016 to 2024. Based on revenue, in 2015, the global soy protein market was valued around worth of US$4.80 bn. This value is likely to reach around US$7.78 bn before 2024-end.

Global Soy Protein Market: Regional Analysis

Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. These have been further sub-segmented into countries and regions with relevance to the market. The segmentation also includes demand for individual products and applications in all regions.

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The competitive profiling of the key players in the global soy protein market across five broad geographic regions is included in the study. These include different business strategies adopted by the leading players and their recent developments, as in the field of soy protein.

Global Soy Protein Market: Market Dynamics Analysis

A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints, and opportunities is part of the report. Additionally, the report includes potential opportunities in the soy protein market at the global and regional levels. Market dynamics are the factors which impact the market growth, so their analysis helps understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2016 to 2024, along with offering an inclusive study of the soy protein market.

Global Soy Protein Market: Scope of the Study

Market estimates for this study have been based on revenue being derived through regional pricing trends. The price for the commonly utilized quality of soy protein in each application and function has been considered. Demand for soy protein has been derived by analyzing the global and regional demand for soy protein in each application for its respective functions. The global soy protein market has been analyzed based on expected demand. The average selling price of soy protein products in the major countries has been taken into consideration to estimate regional and global revenue. Forecasts have been based on expected demand from soy protein applications. We have used the bottom-up approach to estimate the global revenue of the soy protein market, split into regions.

We have initially determined the volume and price in every region for the soy protein market. Revenue has been determined with the help of volume and price derived from every region. Based on product type, form type, application and function type, we have summed up the individual revenues from all the regions to achieve the global revenue for soy protein. The application split of the market has been derived using a bottom-up approach for each regional market separately, with the global application segment split being an integration of regional estimates. Companies were considered for the market share analysis based on their product portfolio, revenue, and manufacturing capacity. In the absence of specific data related to the sales of soy protein of several privately held companies, calculated assumptions have been made in view of the company's product portfolio and regional presence along with the demand for products in its portfolio.

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The study provides a detailed view of the soy protein market by segmenting it based on product, form, application, function, and regional demand. Product segments have been analyzed based on isolates, concentrates, and hydrolysates. On the basis of forms of soy protein, the soy protein market is segregated into dry soy protein and liquid soy protein. On the basis of application, the soy protein market has been segmented into functional foods, bakery and confectionary, and other related types of applications, such as dietary supplements, fruit drinks, soups & sauces, sports drinks, animal feed, personal care, and vegetable broths. Functional foods have been further sub segmented into meat alternatives, dairy alternatives, infant formula, and other related types of functional foods, such as frozen desserts, bread, energy bars, breakfast cereals, convenience beverage powders, etc. On the basis of its functions, soy protein has been segmented into nutrients, emulsifiers, fat & water absorption, texturants, and other types of related functions of soy protein such as binder, stabilizer, thickener, tenderizer, etc.