Soy Protein Market a Comprehensive Analysis | Key Players – Archer Daniels Midland Company, Cargill Inc., DowDuPont Inc., Imcopa Food Ingredients B.V., CHS Inc., Crown Soya Protein Group, Wilmer International Ltd.

Soy protein is isolated from soybean and it is available as isolates, concentrates, and flour. Soy proteins have various health benefits such as lowering cholesterol and lowering blood pressure. Moreover, soy protein is a rich source of omega-3, vitamins, and minerals. The global soy protein market is projected to reach US$ 12.01 by the end of 2027, at a CAGR of 5.59% over the forecast period (2019-2027), attributing to increasing awareness regarding importance of protein intake in daily life.

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On the basis of source, soy proteins are categorized into organic and conventional proteins. In 2018, although conventional segment held dominant position in the market, organic segment is expected to grow significantly during the forecast period, owing to increasing awareness regarding the use of organic products such as cosmetics, food products, beverages, and others.

Soy protein-based cosmetics consisting of hydrolyzed soy proteins are safe for use in case of body, hand, face and neck products, hair care products, skin care products, mascara, and others. Few soy protein-based cosmetics include Biotique’s Bio Soya Protein Fresh Nourishing Shampoo, Genesis soy protein shampoo, and others.

Key players operating in the global soy protein market are adopting various strategies such as mergers and acquisitions, collaborations, and product launches to sustain their market position. For instance, in November 2017, Midwest Ag Enterprises launched its soy protein feed as a fishmeal.

The global soy protein market is expected to be valued at US$ 12.01 billion by 2027 and is expected to register a CAGR of 5.59% in terms of revenue over the forecast period (2019 – 2027).

In food & beverages segment, dairy-based applications are increasing due to the use of soy protein for producing soy milk. Soy milk contains lower amount of saturated fats as compared to cow milk and it is both cholesterol and fat free. Moreover, soy protein is used in bakery and confectionery industry, owing to longer shelf life of soy proteins (flour).

Major players operating in the global soy protein market include Archer Daniels Midland Company, Cargill Inc., DowDuPont Inc., Imcopa Food Ingredients B.V., CHS Inc., Crown Soya Protein Group, Wilmer International Ltd., Foodchem, Kerry Ingredients Inc., Burcon NutraScience Corporation, and others.

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