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Global Soy Protein Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Soy Protein Market
Global was valued at US $ XX Mn in 2017 and expected to grow at 6.1% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Soy Protein Market
Soy protein is a protein that comes from the soybeans and it offers multiple health benefits. It is obtained from soybean meal which has been dehulled and defatted into high commercial products such as concentrates, isolates, and soy flour. Soy protein is rich in lecithin, magnesium, vitamin B, calcium, potassium, fiber, polyunsaturated fat.
Market Dynamics: Soy Protein Market
Increase in the health concerns among the people is the key factor attributed for the growth of the soy protein market. The growing awareness among the people regarding the health benefits associated with the use of the soy protein is enhancing the growth of the market. The high demand for the functional food as a compensatory diet which helps in the maintenance of the balanced diet is adding fuel for the growth of the market. The surge in fitness centers and health clubs and replacement of the animal protein with soy protein is driving the growth of the market. However, the allergic nature of the soy is hindering the growth of the soy protein market. The availability of the various alternatives for soy protein is hampering the growth of the market.
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Market Scope: Soy Protein Market
Soy protein market is segmented based on the product type, function, form, and application
Based on the product type, the market is segmented into the following:
• Soy Flour
• Soy Concentrates
• Soy Isolates
Based on the function, the market is segmented into the following:
• Emulsifier
• Fat & Water Absorption
• Nutrients
• Texturants
Based on form, the market is segmented into the following:
• Dry
• Liquid
Based on the application, the market is segmented into the following:
• Nutritional Supplements
• Beverages
• Meat Extenders & Substitutes
• Bakery and confectionery
• Others
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Regional Analysis: Soy Protein Market
Geographically, global soy protein market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America soy protein market holds the largest share when compared with that of the other regional markets. The increase in awareness among the consumers regarding the health benefits of the soy protein is enhancing the growth of the soy protein market in this region. The rising trend of the veganism is adding fuel for the growth of the market in this region. Europe follows North America in the soy protein market. The Asia Pacific is expected to exhibit the significant growth over the forecast period owing to its increasing population with rising health concerns.
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Competition Assessment: Soy Protein Market
Some of the players in the global soy protein market include:
• Kerry Group plc (Ireland)
• Wilmar International Limited (Singapore)
• Nisshin OilliO Group, Ltd. (Japan)
• Ruchi Soya Industries Limited (India)
• Ag Processing Inc. (U.S.)
• Devansoy (U.S.)
• The Scoular Company (U.S.)
• Biopress S.A.S. (France)
• Archer Daniels Midland Company (U.S.)
• E. I. du Pont de Nemours and Company (U.S.)
• Cargill (U.S.)
• CHS Inc. (U.S.)
Notable Market Developments: Soy Protein Market
In April 2017, DuPont Nutrition & Health Debuts SUPRO® XT 55 Isolated Soy Protein.
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