2018 Soy Protein Ingredients Market by Application (Bakery & Confectionery, Meat Alternatives, Functional Foods, Dairy Replacers, Infant Foods) Future Scenario 2024

Soy protein ingredients are processed food ingredients produced from wholly defatted soy meal through a water extraction process. The resulting concentrate and isolate contain 65 to 90 percent protein, respectively, and are used as ingredients to enrich other food products.

Soy Protein Ingredients Market Outlook

Increasing consumption of processed foods and inclusion of western influences in food diets have led to a significant demand for soy protein ingredients market. Rise in demand for efficient and cost- effective meat alternatives across infants is another key aspect accelerating the demand for soy protein ingredients across the globe.

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Soy Protein Ingredients Market Segmental Overview

Global Soy Protein Ingredients Market by Type- Soy protein ingredients are of three types- soy protein concentrates, soy protein isolates and soy protein flours. Soy protein concentrates segment is anticipated to register a significant growth during the forecast period, owing to its increased production rate and rise in demand for infant foods. Soy flour is also expected to show a substantial growth in the near future. However due to less protein content in the soy flour is expected to restrain its growth.

Global Soy Protein Ingredients Market by Application-

Further, the global soy protein ingredients market, by application is segmented into bakery & confectionery, meat alternatives, functional foods, dairy replacers, infant foods and others. Amongst these, functional food is expected to be a major contributor assisting the growth of this market. Rising awareness among the consumer for health beneficiary products is supporting the demand for soy protein ingredient market during the forecast period. Furthermore, infant food is also expected to support the demand of soy protein ingredient market. This is due to the increasing parental concern for providing the nutritious and healthy food to their child.

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Soy Protein Ingredients Manufacturers

Some of the key players involved in the soy protein ingredients market are ADM, Dean Foods, Armor Proteins, Gelita Group, Bunge Alimentos, Kerry Ingredients, Burcon Nutrascience, Cargill Heath, DuPont, Kellogg, Doves Farm Foods, Kraft Foods Group, Manildra Group, MGP Ingredients, Omega Protein Corp, George Weston Foods etc.

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This release was published on openPR.