Soy Protein Ingredients Market Size, Share, Trends and Outlook 2023-2030.

Report Overview:

Soy Protein Ingredients Market is growing at a CAGR of 7.15% during the forecast period (2023-2030).
Soy products include protein. We separate them from defatted and dehulled soybean meal. Soy protein components, depending on quantity and quality, are a good protein source. Vegans utilize soy protein for its plant-based protein content. Soy protein is the most flexible, healthy, and affordable plant-based protein.
Growing demand for plant-based proteins boosts market expansion in the forecast. Demand for antibiotic-free meats and animal nutritional program diversity boost market expansion. In the predicted timeframe, animal feed industry growth boosts soy protein component penetration.

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Market Drivers: Vegan diet and plant-based food demand and soy protein component health advantages are rising.

Growing consumer concerns include health, animal welfare, and sustainability. Animal protein raises cholesterol and fat, which increases obesity and heart disease risk. So vegan protein sources are growing in popularity. Consumer knowledge of plant-based foods' health advantages will fuel industry expansion. Due to growing health knowledge, preventative medicine, and diet interest, people are using soy protein components for their health. Soy protein in diet may also boost athletic performance, digestive health, arthritic pain, and 'bad' cholesterol. Soy protein components are fiber-rich and beneficial for digestion. Lowers intestinal health and benefits the stomach. B vitamins, zinc, and iron are abundant in soy protein. Their antioxidant content is high. Essential amino acids are abundant in soy protein. The body uses amino acids for energy. Regular soy protein ingestion increases muscle development and prevents lean muscle breakdown. These health advantages drive market expansion.

Market Segmentation: Soy flour dominated the worldwide soy protein ingredients market.

Soy flour thickens soups and gravies and is least processed. This flour replaces eggs. Avoiding additional calories improves health. All these reasons boost soy flour consumption, driving market growth. Dairy, baked, and meat replacements use soy flour. Bakeries have used soy flour to replace wheat flour for 10-30% of their products in recent years. This widespread use of soy flour in meals has expanded the market.
Thus, soy flour in bread dough mostly increases protein. Soy flour has up to 50% more protein than bread wheat. Bread flour has 9-14% protein. Soy flour gives nutty flavor, machinability, and texture to the bread. Increased bread maker demand for soy flour pushes the industry.
Market Companies: Archer Daniels Midland Company, CHS Inc., Fuji Oil Group, International Flavors & Fragrances Inc., Kerry Group PLC, DuPont de Nemours, Inc., Cargill, Incorporated, CHS Inc.,

By Type

• Soy Protein Isolate
• Soy Protein Concentrate
• Soy Flour

By Application

• Bakery & Confectionery
• Meat
• Alternatives
• Functional Foods
• Dairy Replacers
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share: North America is the dominating region during the forecast period
With approximately YY revenue share in 2022, North America led. Due to rising disposable income and working professional populations, the US and Canada dominate regional shareholdings. Major firms like Archer Daniels Midland Company, Cargill, Incorporated, and others introduce new products and use merger and acquisition to boost soy protein component sales. Demand vegan-friendly products.

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This release was published on openPR.