Soy Protein Ingredients Market | Updated PDF Report 2030 | A Complete Guide | CAGR & Revenue Analysis Discussed |

According to the report published by Allied Market Research, the global soy protein ingredients market was estimated at $9.59 billion in 2020 and is expected to hit $15.30 billion by 2030, registering a CAGR of 4.4% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Rise in health awareness among consumers, increase in inclination toward plant protein and veganism, and surge in consumption of sports nutrition supplements drive the growth of the global soy protein ingredients market. On the other hand, undefined regulatory guidelines and growing prevalence of diseases in soybean plants restrain the growth to some extent. However, upsurge in demand for organic products and increase in usage of soy protein for pet food animal feeding are anticipated to pave the way for lucrative opportunities in the industry.

Global Leaders:

The key players operating in the soy protein ingredients market include AG Processing Inc., Archer-Daniels-Midland Company, Cargill, Inc., CHS Inc., Doves Farm Foods Ltd., E. I. Du Pont De Nemours and Company (Dupont Nutrition and Health), Kerry Group, Plc., Kraft Heinz Company, the Kellogg Company, and Wilmar International Limited.

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The key market players analyzed in the global soy protein ingredients market include Archer-Daniels-Midland Company, Cargill, Inc., CHS Inc., E. I. Du Pont De Nemours and Company (Dupont Nutrition and Health), AG Processing Inc., Wilmar International Limited, Kerry Group, Plc., Kraft Heinz Company, Doves Farm Foods Ltd., and the Kellogg Company. They have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Covid-19 scenario-

Rise in consumer belief that plant-based protein products have medicinal benefits such as improving immunity power, lessening the risk of diabetes, heart attack, and others gave way to increased demand for soy protein, which impacted the global soy protein ingredients market negatively.
This trend is pretty likely to continue post pandemic as well.
The global soy protein ingredients market is analyzed across type, application, and region. Based on type, the soy protein concentrates segment generated the highest share in 2020, accounting for nearly half of the global market. The soy flours segment, however, would cite the fastest CAGR of 5.8% from 2021 to 2030.

Based on technology, the bakery and confectionary segment contributed to more than one-third of the total market revenue in 2020, and is projected to lead the trail by 2030. The infant foods segment, on the other hand, would exhibit the fastest CAGR of 6.2% during the forecast period.

Based on region, the market across North America held the major share in 2020, garnering around two-fifths of the global market. The Asia-Pacific region, simultaneously, would manifest the fastest CAGR of 6.8% throughout the forecast period.

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Key Findings Of The Study

By type, the soy protein concentrate segment dominated the market in 2020, and is expected to gain maximum market share in the coming years.
On the basis of application, the infant food segment is anticipated to grow with a moderate CAGR during the forecast period.
Region wise, North America led in terms of market share in 2020, and is expected to retain its dominance during the forecast period.
Regions:

The global soy protein ingredients market is segmented into type, application, and region. Depending on type, it is classified into soy protein isolates, soy protein concentrates, and soy flours. The soy protein concentrate segment dominated the global market in 2020, and is anticipated to maintain its dominance throughout the forecast period. On the basis of application, the market is segregated into bakeries & confectioneries, meat alternatives, functional foods, dairy replacers, infant foods, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for more than 35% share of the total revenue in 2020, followed by Europe and Asia-Pacific.

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Reasons to Buy:
✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global soy protein ingredients market.

✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.

✅ The key findings and recommendations highlight crucial progressive industry trends in the soy protein ingredients Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.

✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.

✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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