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Global Soy Protein Concentrate Market to Receive a Rapid Boost in Economy due to High Emerging Demands by 2028 | Cargill, Wilmar International, Sojaprotein, DuPont among Others

02-25-2020 06:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Soy Protein Concentrate Market

Soy Protein Concentrate Market

Growing demand for low-cost and natural food manufacturing sources to improvise products and deliver improved nutrients that are vital to the human body and technological development in food industries should drive the soy protein concentrate market demand for soy protein concentrate. The change in customer preference for the consumption of high nutrient products should boost the development of the sector. The increase in consumer health awareness accompanied by producers of animal feeds who are gaining awareness of supplying the animals with dietary feeds may increase the development of the soy protein concentrate market. In animals, feed nutrients are used to supply energy and boost efficiency.

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What are soy proteins concentrates?

Soy protein concentrates are widely used as a nutritional ingredient in various baked foods, breakfast cereals, and meat products. They are also used in meat and poultry products to improve nutritional values due to its easy digestible characteristics, the product is well suited for children, pregnant and the elderly, thus driving soy protein concentrate market size.

Segmentation for better understanding of this market and its growth prospects:

Based on the form, the soy protein concentrate market is segmented into dry and liquid. The size of the market for dry soy protein concentrate is anticipated to see a substantial increase over the timeframe due to a change in consumer trend towards concentrated products with a long shelf life.

Liquid soy protein concentrate is also expected to grow at a rapid pace owing to its freshness and significant benefits as they are healthy for bone, skin and muscle tissues.

Based on application, the animal feed & meat processing applications are expected to account for a significant share in the soy protein concentrate market over the forecast timeframe due to an increased number of animal feed industries and consumer awareness of health. These products are widely used in various animal feeds to improve nutritional values. Soy protein concentrate is progressively being used as an alternative to fishmeal in aquaculture sectors.

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Many fish feed manufacturers are now utilizing SPC on account of its inherent productive advantages, thereby driving the soy protein concentrate market size. The bakery & confectionery applications will register moderate growth over the forecast period. They provide many calories, in the form of fat, and carbohydrates. It includes pastries, cake, bread, biscuits, and breakfast cereals. The increase in per capita income and the pattern of consumption of such products should drive development in the sector. Increasing usage of packaged food in several regions is further expected to propel the soy protein concentrate market.

Key Factors Impacting the Growth of Soy Protein Concentrate Market:

o Growing demand for low-cost and natural food manufacturing sources
o Technological development in food industries
o Increase in consumer health awareness
o Gaining awareness of supplying the animals with dietary feeds

This report provides:
1) An overview of the global market for soy protein concentrate market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for Global soy protein concentrate market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

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The researchers have studied the market in depth and have developed important segments such as product type, application, and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects, and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

Major Companies profiled in the report which are key players in the global soy protein concentrate market are Cargill, Wilmar International, Batory Foods, Nordic Soy, Nutra Food Ingredients, Euroduna Food Ingredients, Akola Chemicals, ADM, Sojaprotein, DuPont, IMCOPA, CHS, Goldensea Industry, Gushen Biological Technology Group, Tiancheng Agricultural Development Group, Yuwang Group, Shandong Wonderful Industrial Group, Shandong Yuxin Bio-Tech, Hongzui Group, MECA GROUP, and Henan Fiber Source Biological Engineering.

Key Developments in the Soy Protein Concentrate Market:
=> In June 2016, Sojaprotein (Serbia) expanded its presence in Asia and Africa. Regular shipments are now going to Egypt, Tunisia, Jordan, Morocco, the Philippines, South Korea, Indonesia, Vietnam and other nations in Asia and Africa.

=> In June 2018, Wilmar International (Singapore) and the National University of Singapore set up a new joint research laboratory for developing cutting-edge clinical nutrition and synthetic biology study to produce healthier food products and develop green production technologies.

Market Segmentation:

By Form:
o Dry
o Liquid

By Function:
o Nutrients
o Emulsifier
o Fat & Water Absorption
o Others

By Application:
o Animal Feed
o Meat Processing
o Bakery & Confectionery
o Others

By Region:

o North America
By Country (US, Canada, Mexico)
o By Form
o By Function
o By Application

Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Form
o By Function
o By Application

Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Form
o By Function
o By Application

Asia Pacific:
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Form
o By Function
o By Application

Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Form
o By Function
o By Application

Rest of the World
o By Region (South America, Africa)
o By Form
o By Function
o By Application

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: US +1 208 405 2835 / UK +44 121 364 6144 / APAC +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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