Soy protein market is expected to grow USD 10 billion at a CAGR of 7.1% during the forecast 2022-2030. Soy protein is a protein that is separated from soybean. It is produced using soybean that has been dehulled and defatted. Dehulled and defatted soybeans are handled into three sorts of high protein items i.e. soy flour, focuses, and disconnects. Majority of soy protein used in different food preparation that includes meat analogues, infant formula, frozen desserts, salad dressing and many more. Soy protein isolates holds the major market share which mainly use to improve texture of food products and usually found combined with other food ingredients. Availability of soy protein in different forms and in different packaging is changing the dynamics of soy protein market from last few years.
The key players profiled in the Soy Protein Market are Archer-Daniels-Midland Co. (U.S.), Ingredion (U.S.), Solae (U.S.), Dupont (U.S.), Solbar (Israel), Cargill (U.S.) and Gushen Biological Technology Group Co., Ltd (China)
Study Objectives of Soy Protein Market:
Soy Protein Market is segmented into America, Europe, Asia Pacific, and rest of the world (ROW). America has the major market share followed by Asia Pacific region. Increasing soy production in South America is playing a major role behind the dominance of America in global market. Rising demand of soy protein for different applications mainly as a functional food is boosting the soy market in Europe region. Asia Pacific region will witness higher growth backed by growing demand of high quality soy protein especially from developing countries like China and India. The Major exporters of soy protein include Brazil, U.S., Argentina and Canada.
The Global Soy Protein Market is segmented under the following regions mentioned below:
Rest of the world
|Market Size||USD 10 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Form|
|Geographies Covered||North America, Europe, Asia-Pacific|
|Key Vendors||WeChat (China) Facebook Inc. (U.S.) Artificial Solutions (Sweden) Naunce Communications Inc. (U.S.) IBM (U.S.) Egain Corporation (U.S.) NEXT IT Corp. (U.S.) Creative Virtual Pvt. Ltd. (U.K.) CX Company (Netherlands) 24/7 Customer Inc. (U.S.) Speaktoit Inc. (U.S.) Codebaby (Idavatars) Inc. (U.S.) Howdy (U.S.) DigitalGenius (U.K.) Talla (U.S.) Semantic Machines (U.S.)|
|Key Market Opportunities||It gives the power to connect with the people living in different locations.|
|Key Market Drivers||This technology is rapidly going to change the world through its advanced application.|
North America is expected to dominate the soy protein market.
Sport nutrition will have a major share in the soy protein market.
Demand for protein products and increasing availability of soy protein bars are the key factors driving the soy protein market growth.
Soy protein isolates will dominate the soy protein market.
Mergers and acquisitions, strategic alliances, partnerships, and new product launches among others are the strategies adopted by industry players to stay ahead in the competition.