Press release
Soy Protein Isolate Market Size, Demand and Business Views to $4.5 Billion By 2031 | Growing at a CAGR of 4.6%
The global demand for soy protein isolate is expected to increase, as consumers are limiting the consumption of meat due to increase in health concerns and rise in meat prices. Furthermore, upsurge in number of vegan consumers across the globe is a key factor that augments the growth of the global soy protein isolate market.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/17806
The global Soy Protein Isolate Market Size was valued at $2.9 billion in 2021, and is projected to reach $4.5 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.
Currently, the global soy protein isolate market is witnessing significant growth, due to an increase in awareness among consumers for a protein-rich diet. In addition, the consumption of soy protein concentrate powder as a supplement has increased, owing to regular recommendations by dieticians & doctors in response to a wider set of customer demand for protein supplements in their diets. Soy protein concentrate is a nutritional supplement manufactured after the soy is dehulled & defatted.
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The key players included in the Soy Protein Isolate Market Analysis are 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.
The report focuses on the Soy Protein Isolate Market Growth prospects, restraints, and Soy Protein Isolate Market Opportunity of the global Soy protein isolate market. The study provides Porter's five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, the threat of substitutes, the threat of new entrants, and the bargaining power of buyers of the soy protein isolate market. The players operating in the global soy protein isolate market have adopted various developmental strategies to increase their Soy Protein Isolate Market Share, gain profitability, and remain competitive in the market.
๐๐ฎ๐ฒ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/checkout-final/55dd0c488285a3b4388cfca7d0fd6f55
On the contrary, a rise in the requirement for dietary supplements and animal feed (rich in plant-based protein) is expected to offer potential growth opportunities for the global soy protein isolate market. The elderly generation of the population consumes most of food supplements, including protein, vitamins, calcium, and other supplements to delay aging disorders and effects.
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By region, North America led in terms of Soy Protein Isolate Market Share in 2021 and is expected to retain its dominance during the Soy Protein Isolate Market Forecast period. According to the International Health, Racquet & Sports Club Association (IHRSA), the consumption of soy protein is likely to rise as the U.S. health and fitness industry and is expected to grow at a faster rate during the forecast period. This is attributed to rising in the number of the U.S. consumers adopting a healthy lifestyle or indulging in activities that promote an active and healthy lifestyle. Presently, about 20% of U.S. adults have fitness club memberships, and the number is expected to increase in the future.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/17806
Moreover, active and health-conscious consumers have shifted their preference toward natural alternatives from caffeinated and sugar-based energy drinks. Protein ingredients possess specific nutrients and supplements, which improvise athletic performance and metabolism. Appropriate nutrition is an essential prerequisite for the effective improvement of athletic performance, recovery from fatigue after exercise, and prevention of injury. Therefore, the demand for plant-based proteins has grown rapidly due to their nutritional properties, which has propelled the growth of the soy protein isolate market.
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By application, the beverages segment is anticipated to be the fastest growing segment during the Soy Protein Isolate Market Forecast period with the CAGR of 6.6%.
On the basis of form, the organic segment is anticipated to grow with a fastest CAGR during the forecast period with the CAGR of 6.2%.
On the basis of end user, the residential segment is likely to be the fastest growing segment during the forecast period with the CAGR of 5.2%.
Region-wise, North America led has the dominating Soy Protein Isolate Market Size in 2021, and is expected to retain its dominance during the forecast period.
๐ง๐ฟ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ถ๐ป ๐๐ผ๐ผ๐ฑ ๐ฎ๐ป๐ฑ ๐๐ฒ๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐
Textured Soy Protein Market - https://www.globenewswire.com/en/news-release/2020/05/14/2033654/0/en/Global-Textured-Soy-Protein-Market-to-Reach-2-1-Billion-by-2026-Allied-Market-Research.html
Cornmeal Market - https://www.prnewswire.com/news-releases/cornmeal-market-to-reach-1-05-billion-globally-by-2031-at-3-9-cagr-allied-market-research-301600078.html
Low Fat Sausage Market - https://www.prnewswire.com/news-releases/low-fat-sausage-market-to-reach-4-8-billion-globally-by-2031-at-6-7-cagr-allied-market-research-301665925.html
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