Organic Soya Protein Market Top Players - Harvest Innovations (U.S.), World Food Processing (U.S.), Devansoy Inc. (U.S.) The Scoular Company (U.S.).

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Organic Soya Protein Market Size, Share & Trends Analysis Report By Type (Soy Protein Concentrates, Soy Protein Flour, Soy Protein Isolates And Others), Application (Functional Foods, Infant Formula, Bakery & Confectionery, Meat Alternatives, Dairy Alternatives) And Form (Dry Form And Liquid Form)- Market Outlook And Industry Analysis 2031"

The global organic soya protein market is estimated to reach over 1603.67 million by the year 2031, exhibiting a CAGR of 12.37% during the forecast period.

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Organic soybean protein is derived from soybeans, with sunflower oil and coarsely ground soybean flour serving as its primary ingredients. Soy protein, available in both liquid and dry forms, is considered a complete protein source as it provides all nine essential amino acids necessary for human health. Key drivers for the growth of the organic soy protein market include the increasing global population, the rising number of vegans, and the growing preference for healthier food options.

Moreover, soy protein offers significant nutritional benefits, making it an effective substitute for animal-based proteins, which further contributes to the market's growth during the forecast period. The increasing consumer inclination toward plant-based protein alternatives, coupled with the rising incidence of lactose intolerance, is expected to create lucrative opportunities for the organic soy protein market. Additionally, the rising cost of animal-based proteins has made soy protein a more cost-effective alternative while providing comparable nutritional benefits.

Government support for organic farming and the nutritional importance of soy protein also play a significant role in fostering market growth. Furthermore, rapid urbanization and the growing demand for plant-based food products are anticipated to drive the market's expansion in the coming years.

List of Prominent Players in the Organic soya protein Market:
• Harvest Innovations (U.S.)
• World Food Processing (U.S.
• Devansoy Inc. (U.S
• The Scoular Company (U.S.),
• SunOpta Inc. (Canada
• FRANK Food Products (Netherlands)
• Hodgson Mill (U.S.)
• Agrwal Oil & Biocheam (India
• Biopress S.A.S. (France)
• Natural Products, Inc. (U.S.)

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Market Dynamics:
Drivers:
The organic soy protein market is expected to witness significant growth opportunities, driven by the increasing consumer shift toward plant-based protein alternatives and the rising prevalence of lactose intolerance during the forecast period. Due to soy's nutritional value and government support for organic farming, the market's growth has been somewhat tempered by the rising cost of food and agricultural proteins, which has made organic soy protein a more attractive, cost-effective option while providing comparable nutritional benefits. Additionally, the ongoing trend of urbanization and the growing demand for plant-based food products are anticipated to further accelerate market expansion.

Challenges:
The presence of non-organic soy protein, which is priced more competitively, poses a challenge to the organic soy protein market's growth. This price disparity is expected to limit market expansion. Moreover, the relatively high price of organic soy protein could restrain growth during the forecast period. The presence of anti-nutritional factors in soy protein, as well as the less favorable taste associated with soy, may also hinder the market's overall development.

Regional Trends:
The North American market for organic soy protein is projected to hold a significant share in terms of revenue and is expected to grow at a high compound annual growth rate (CAGR) in the near future. Key factors driving this growth include a well-established food and beverage industry, increasing consumer awareness of the health benefits of soy protein, the expanding vegan population, growing demand for plant-based foods, and rising trends in fitness and wellness. In addition, the Asia Pacific region is also expected to capture a notable market share due to its developing economy and the growing adoption of organic soy protein. Factors such as increased disposable income, urbanization, and a rising preference for refined carbohydrates are anticipated to further drive market growth in this region.

Recent Developments:
• In May 2021- The major manufacturer and distributor of plant-based protein powder, NOW Health Group, embraced the direct-to-consumer model and provided soy protein isolate powder in a variety of flavours to customers. The business has utilized several direct-to-consumer (D2C) channels, such as internet shopping and speciality shops.

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Segmentation of Organic soya protein Market-
By Type
• Soy protein concentrates
• Soy protein isolates
• Soy protein flour
• Others (chunks, crumbles, crisps and cereal pieces)
By Application
• Functional foods
• Infant formula
• Bakery & confectionery
• Meat alternatives
• Diary alternatives
• Others (fruit drinks, soups & sauces and vegetables broths)
By Form
• Dry
• Liquid
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.