Soy Protein Market Worth 5,888.4 Million USD By 2022
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Filter by Categories
Agriculture
Agriculture
Animal Health
Biotechnology
Biotechnology
Blog
case studies
Dental Health
Food and Beverages
Healthcare IT
Healthcare IT
Materials
Medical Devices
Medical Devices
News
Niche Reports
Others
Pharmaceuticals
Pharmaceuticals
Uncategorized
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Filter by Categories
Agriculture
Agriculture
Animal Health
Biotechnology
Biotechnology
Blog
case studies
Dental Health
Food and Beverages
Healthcare IT
Healthcare IT
Materials
Medical Devices
Medical Devices
News
Niche Reports
Others
Pharmaceuticals
Pharmaceuticals
Uncategorized

Soy Protein Market Worth 5,888.4 Million USD By 2022

Published On: November 8, 2017

The global soy protein market will grow at a CAGR of 6.6% from 2017 to 2022 to reach USD 5,888.4 million by 2022, according to this latest publication from Meticulous Research®. The global soy protein market is driven by increasing awareness about the benefits of protein and growing demand for protein rich diet, growing health & wellness trend, increasing consumer focus on meat alternatives, growing demand from food & beverage industry, and advancement in ingredient technologies such as microencapsulation. However, significant preference for animal based protein, fluctuating raw material prices, and increasing consumer preference for soy free products restricts the growth of soy protein market to some extent.

The global soy protein market is mainly segmented by type (soy protein concentrates; soy protein isolates; textured soy protein; and soy flour, grits, & chunks), by application (food & beverages, animal feed, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Browse in-depth report on //www.meticulousresearch.com/product/soy-protein-market-2022/

On the basis of type, soy protein concentrates commanded the largest share in the global soy protein market in 2016, owing to various factors such as its low cost than other type of soy proteins and growing demand from meat and animal feed industry. However, soy protein isolate is expected to witness the fastest growth during the forecast period, primarily due to increasing demand from food and beverages manufactures, owing to its nutritional and functional properties such as high protein content, neutral taste, and high viscous natures.

On the basis of application, food & beverages segment accounted for the largest share of the global soy protein market. The large share of this segment is mainly attributed to the increasing consumer preference for plant based foods and ingredients, growing awareness and demand for protein rich food products, versatile functionality of soya protein and their compatibility with vegetarian and vegan lifestyles, and rising clean label trend.

Geographically, North America accounted for the largest share in the global soy protein market in 2016, followed by Europe, and Asia-Pacific. The largest share of this region is mainly attributed to the well-established food and beverage industry, rising concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, increasing demand for healthy & nutritional products, and health & wellness trend in the region.

The leading companies have employed various strategies to expand their product and application offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global soy protein market were expansions and mergers & acquisitions. The key players in the global soy protein market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Kerry Group (Ireland), E.I. Dupont De Nemours and Company (U.S.), NOW Foods (NOW Health Group, Inc.) (U.S.), Burcon Nutrascience Corporation (Canada), SOTEXPRO SA (France), Farbest-Tallman Foods Corporation (Farbest Brands) (U.S.), Wilmar International Ltd. (Singapore), and CHS Inc. (U.S.).

Key questions answered in the report-

  • Which are the high growth market segments in terms of type, application, and regions/countries?
  • What is the historical market for soy protein across the globe?
  • What are the market forecasts and estimates from the period 2015-2022?
  • What are the major drivers, restrains, and opportunities in the global soy protein market?
  • Who are the major players in the global soy protein market and what share of the market do they hold?
  • Who are the major players in various countries and what share of the market do they hold?
  • What are the competitive landscapes and who are the market leaders by sub-region in the global soy protein market?
  • What are the recent developments in the global soy protein market?
  • What are the different strategies adopted by the major players in the global soy protein market?
  • What are the geographical trends and high growth regions/ countries?
  • What are the local emerging players in the global soy protein market and how do they compete with the global players?

About Meticulous Research®

Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicated market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research® produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Connect with us on Twitter- https://twitter.com/MeticulousR123

Not able to find what you are looking for? Need customization to the existing report? Need a research report on any emerging market?