Soy Protein Concentrate Market Poised for Strong Growth with 5% CAGR Through 2029

In recent years, the global food and beverage industry has been witnessing a seismic shift towards healthier, plant-based protein sources. This trend has been driven by a growing consumer appetite for new flavors and ingredients, combined with a heightened awareness of the health impacts associated with traditional animal-based products. Within this context, soy protein concentrate (SPC) has emerged as a significant player, resonating with health-conscious consumers and promising substantial growth in the coming decade.

𝗚𝗲𝘁 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗿𝗲𝗽𝗼𝗿𝘁 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35105

Market Growth and Dynamics
According to a report by Transparency Market Research (TMR), the soy protein concentrate market is projected to grow at a compound annual growth rate (CAGR) of approximately 5% from 2019 to 2029. This growth trajectory is propelled by the increasing popularity of protein-rich diets, such as the Paleo diet, and the burgeoning number of vegan and vegetarian consumers seeking plant-based protein sources.

One notable aspect of this market expansion is the rising adoption of SPC in animal feeds. Historically, SPC has been predominantly utilized to meet human dietary needs. However, its application is expanding into the animal feed sector, where it offers a high-quality, sustainable alternative to fishmeal. This shift is particularly evident in aquaculture and livestock farming, where SPC helps enhance the nutritional profile of animal feeds, thereby improving the quality of animal-derived food products.

Consumer Trends and Preferences
In developed countries, there is a marked preference for animal-free protein sources, driven by concerns over lactose intolerance and gluten-related allergies. This trend narrows down the protein options for vegan and vegetarian populations, creating a robust demand for soy protein concentrates. SPC is favored in various forms, particularly in the bakery, confectionery, and meat processing industries, where it provides superior texture, longer shelf life, and ease of transportation compared to liquid forms.

The functional versatility of SPC is another driving force behind its growing popularity. It is used as an emulsifier, texturant, fat and water-absorbing agent, and to enhance the nutritional value of food products. Among these, its role as a nutrient in animal feeds is gaining significant traction, with projected sales expected to reach around US$ 2 billion by the end of 2029.

𝗖𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲 𝘁𝗼 𝘃𝗶𝗲𝘄 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝗻 𝗳𝘂𝗹𝗹 𝗱𝗲𝘁𝗮𝗶𝗹 - https://www.transparencymarketresearch.com/soy-protein-concentrate-market.html

Regional Market Insights
Geographically, the Asia-Pacific excluding Japan (APEJ) region is set to dominate the SPC market, with anticipated sales reaching approximately US$ 1 billion by 2029. This growth is largely attributed to the rising demand for clean label products and increasing awareness about plant-based and healthy food options, particularly in countries like China and India.

In contrast, Europe and North America are also key markets for SPC, with Europe holding a larger revenue share while North America is expected to experience a faster expansion rate. The growing consumer awareness about preventative healthcare and the nutritional benefits of plant-based proteins are key factors driving market growth in these regions.

Functional and Form-Based Segmentation
Based on function, SPC's role in fat and water absorption is projected to reflect the highest CAGR through to 2029. However, its use as a nutrient and emulsifier will account for a larger revenue share of the market. On the basis of form, liquid SPC is expected to exhibit faster expansion than its dry counterpart, although the latter remains more lucrative due to its convenience and longer shelf life.

Competitive Landscape
The soy protein concentrate market is characterized by intense competition among key players, including Archer Daniels Midland, Cargill Inc., Wirmal International, Batory Foods, and Nordic Soy Oy. These companies are focusing on product innovation and diversification to strengthen their market position. For instance, the development of GMO-free soy protein concentrate is gaining momentum, reflecting the industry's response to consumer demands for natural and clean-label products.

𝗕𝘂𝘆 𝘁𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 | 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗮𝘁 - https://www.transparencymarketresearch.com/checkout.php?rep_id=35105<ype=S

Future Outlook
Looking ahead, the soy protein concentrate market is poised for substantial growth, driven by the evolving dietary preferences of health-conscious consumers and the expanding application of SPC in animal feeds. The ongoing research and development efforts aimed at enhancing the functional properties of SPC will likely unlock new avenues for market players, ensuring sustained growth and innovation in this dynamic sector.

About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

This release was published on openPR.