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Soya Protein Market, Size, Share and Insights | New Trends, COVID-19 Impact Analysis Till 2032
Soya Protein
The Soya Protein Market was valued at USD 7.6 Billion in 2022 and is expected to register a CAGR of 7% by 2032.
Growing awareness of the health benefits associated with plant-based diets and the consumption of protein-rich foods has contributed to the increased demand for soy protein as a nutritional alternative to animal-based proteins. These key factors are expected to drive global market growth during the forecast period.
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Market Segmentation (by Type)
Liquid
Dry
Market Segmentation (by Application)
Infant Formula
Vegetable Broth
Dairy Analogues
Meat and Meat Analogues
Bakery Products
Confectionary
Soymilk
Others
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Key Companies Profiled:
ADM
Danisco
CHS
Scents Holding
Sojaprotein
Cargill
Gushen Biological
Wonderful Industrial Group
FUJIOIL
Shandong Sanwei Soybean Protein
Shansong Biological
Sonic Biochem
Wilmar International
Top Agri Group
Soja Austria
Bremil Group
Regional Outlook:
Geographically, the Soya Protein market is segmented into the North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
Economic overview of the major geographies and their impact on the overall industry growth are encompassed in the report.
Consumption growth rate and market share of each region are provided over the forecast period.
Information about the growth opportunities for the players with their base in these regions has been specified.
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COVID-19 Impact on the Market:
The spread of COVID-19 virus has significantly changed the global market dynamics resulting in unfavorable lockdown conditions, temporary shutting of factories, shortage of full-time labor, and disruption in the supply chain and product. However, the situation is expected to change due to increasing vaccination drives and reducing COVID-19 cases. The report provides various strategic plans to overcome the losses.
Do You Have Any Questions About How COVID-19 Has Affected the Soya Protein Market?
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