Global $5.88 Billion Soy Protein Market Opportunity Analysis 2017-2022 - Increasing Consumers' Focus on Meat Alternatives

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17 Nov, 2017, 12:45 GMT

DUBLIN, November 17, 2017 /PRNewswire/ --

The "Soy Protein Market- Global Opportunity Analysis And Industry Forecast (2017-2022)" report has been added to Research and Markets' offering.

Global soy protein market is expected to reach USD 5,888.4 million by 2022, at a CAGR of 6.6% during the forecast period of 2017 to 2022.

The high protein trend is gaining traction and will continue to evoke interest in upcoming years due to rising preference for healthy & nutritional diet, clean label trends, growing health & wellness trend, desire for a healthy life, and changing food consumption pattern which creates a significant demand for incorporation of soy protein into various products.

Increasing awareness about various 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 are the key market drivers covered in the report which will support the industry growth in the forecast period.

Additionally, increasing inclination towards vegan diet and emerging economies such as Southeast Asia, Latin America, and Middle East & Africa provides significant opportunity in this market. However, the factors such as preference for animal based protein and fluctuating raw material prices are expected to inhibit the growth of soy protein market to some extent.

The research report on the global soy protein market provides a comprehensive analysis of a major product segments such as soy protein concentrates, soy protein isolates, textured soy protein, and soy flour, grits, & chunks; and application segments such as food & beverages, animal feed, pet food, and others.

North America is the major market in the global soy protein market and is expected to dominate this market during the forecast period, with the U.S. contributing a major share, followed by Europe, and Asia-Pacific. On the other hand, the Asian market, especially China and India are expected to witness a boost in demand for soy protein and are poised to register fastest growth over the next five-six years, as a result of their economic development, increasing protein rich diet awareness, increasing health consciousness, booming food & beverages industry, rapid urbanization, and availability of large base of vegan population.

Market Dynamics

Drivers

  • Increasing Awareness about the Benefits of Protein and Growing Demand for Protein Rich Diet
  • Growing Health and Wellness Trend
  • Increasing Consumers' Focus on Meat Alternatives
  • Growing Demand from Food and Beverage Industry
  • Advancement in Ingredient Technologies: Microencapsulation

Restraints

  • Significant Preference for Animal Based Protein
  • Fluctuating Raw Material Prices
  • Consumer Preference to Soy Free Products

Opportunities

  • Increasing Inclination towards Vegan Diet
  • Emerging Economies- Southeast Asia, Latin America, Middle East & Africa

Key questions answered in the report:

Growing Food & Beverage and Animal Feed industry to drive the adoption of soy protein

  • How does the adoption of soy protein in food and beverages industry differ from the adoption in animal feed industry?
  • What impact does this have on the adoption of soy protein in comparison to other application segments?
  • Which are the high growth market segments in terms of types, and regions/countries?

Scope of the Report:

Market by Product type

  • Soy Protein Concentrates
  • Soy Protein Isolate
  • Textured Soy Protein
  • Soy Flour, Grits, Chunks

Market by Application

  • Food & Beverages
  • Meat, Poultry, & Seafood
  • Meat Alternatives
  • Bakery & Confectionary
  • Infant Foods
  • Dairy & Dairy Replacements
  • Others
  • Animal Feed
  • Others

Companies Mentioned

  • Archer Daniels Midland Company
  • Burcon Nutrascience Corporation
  • CHS Inc
  • Cargill, Incorporated
  • E.I. Dupont De Nemours and Company
  • Farbest-Tallman Foods Corporation (Farbest Brands)
  • Kerry Group
  • NOW Foods (NOW Health Group, Inc.)
  • SOTEXPRO SA (a Subsidiary of Gemef Industries)
  • Wilmar International

For more information about this report visit https://www.researchandmarkets.com/research/t2xn9z/soy_protein

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