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Global Soy Protein Market Report 2022 Analysis And Forecast To 2026 | Major Key Players, Trends, Business Overview, And Competitive Analysis
Soy Protein Market
The soy protein market research report helps gain a truly global perspective of the soy protein industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.
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Key competitors in the soy protein market include Wilmar International CHS Inc., The Archer Daniels Midland Company, Crown Soya Protein Group, DuPont Nutrition & Biosciences, Linyi Shansong Biological Products Co. Ltd., Cargill Corporation, Shandong Yuxin Bio-Tech Co. Ltd., Sonic Biochem, Hung Yang Foods Co. Ltd., BASF SE, Fuji Oil Company Ltd, A. Costantino & C. S.P.A, Solbar Ningbo Protein Technology Co. Ltd., Nordic Soya Oy, ETChem, Qingdao Foodrich Soya-Tech Co. Ltd and Burcon NutraScience Corporation.
The global soy protein market size is expected to grow from $7.47 billion in 2021 to $8.24 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The soy protein market is expected to reach $11.14 billion in 2026 at a CAGR of 7.8%.
The regions covered in the soy protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest soy protein market share.
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TBRC's report segments the global soy protein market:
1) By Product Type: Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Soy Flour, Grits, and Chunks
2) By Nature: Organic Soy Protein, Conventional Soy Protein
3) By Form: Powder, Ready-To-Drink, Bars, Capsules and Tablets, Others
4) By Application: Bakery and Confectionery, Meat Alternatives, Functional Foods, Dairy Replacers, Infant Foods, Others
5) By Distribution Channel: Specialty Store, Convenience Store, E-Commerce or Online Sale Channel, Supermarket or Hypermarket
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