Soy Protein Market Size, Forecasts, And Opportunities – Includes Soy Protein Market Report
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Major players Archer-Daniels-Midland Company, Wilmar International Limited, CHS Inc, Cargill, Incorporated, Fuji Oil Company Ltd.
TBRC’s soy protein market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
The soy protein market is expected to reach from $9.35 billion in 2021 to $11.89 billion in 2026 at a rate of 4.9%. The soy protein market size is then expected to grow at a CAGR of 4.5% from 2026 and reach $14.83 billion in 2031.
North America was the largest region in the soy protein market in 2021.
The soy protein market consists of sales of proteins by entities (organizations, sole traders, and partnerships) that are derived from soya bean, a widely grown crop. The soybean is a legume, which grows in pods containing seeds. Soy protein is made by processing soybeans to create a superior protein source for consumption. This kind of protein contains high levels of saturated fat and dietary cholesterol. Soy protein also has folate, potassium and fiber, and the quality of soy protein is similar to animal protein and higher than the quality of nearly all other plant proteins.
The increasing adoption of plant-based meat in restaurant menus is expected to drive the soy protein market in the forecast period.
Companies in the soy protein market are developing new technology to improve the oil, protein, and sustainability profile of soybeans and thereby increase the nutritional composition of soy protein products. Players in the market are trying to capture more customer base by improving the quality of soy protein products.
By Product Type: Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Soy Flour, Grits, and Chunks
By Nature: Organic Soy Protein, Conventional Soy Protein
By Form: Powder, Ready-To-Drink, Bars, Capsules and Tablets, Others
By Application: Bakery and Confectionery, Meat Alternatives, Functional Foods, Dairy Replacers, Infant Foods, Others
By Distribution Channel: Specialty Store, Convenience Store, E-Commerce or Online Sale Channel, Supermarket or Hypermarket
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Soy Protein Market Report 2022 –Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides soy protein market overviews, analyzes and forecasts market size, share, soy protein market players, soy protein market segments and geographies, leading competitor revenues, profiles and market shares.
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