Global Organic Soy Protein Market Predicted Double-Digit Growth Rate by 2024

Global Organic Soy Protein Market: Overview

Soy protein is also referred as the complete protein source for the human body, it is an inexpensive dietary protein which consists of amino acid. The vegan population, in order to fulfill their protein demand they eat nutritious food that includes fake meats, tofu, salad dressings, cereals, soups, bread, supplements, and infant formula. Organic soy protein is the modest ingredient for the production of various food products.

Global Organic Soy Protein Market: Growth Factors

Rising prevalence’s of the chronic diseases, obesity, and diabetes due to improper modern lifestyle has significantly increased the demand for the organic soy protein market. These diseases are not limited to any particular region but are spreading worldwide hence in order to control these diseases doctors are recommending healthy eating. Increasing awareness among people about the side effects caused by consuming unhealthy foods is increasing the demand for the soy proteins. The shift in the eating habits from traditional meat and dairy products to soy products is the major factor for the growth in the soy protein market. The increasing demand for the organic foods is another factor that will propel the market growth. However, organic soy protein is facing immense competition owing to the availability of non-organic soy food source this may hamper the growth of the market.

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Global Organic Soy Protein Market: Segmentation

The global organic soy protein market is categorized based on the product form, applications, product state, and regions. The product form is segregated into concentrated, powder, and isolated. Depending on the application segment, the market is classified into meat alternative, bakery, functional food, confectionary, dairy alternatives, infant formula, and others. The dairy alternative is the major segment of the global organic soy protein market, which is followed by meat alternative application. The product state is divided into liquid and dry. The geographical segmentation of the market includes North America, Latin America, Western Europe, Asia-Pacific, Eastern Europe, and the Middle East and Africa.

Global Organic Soy Protein Market: Regional Analysis

North America is the fastest growing region for organic soy protein market. It is followed by the Eastern and Western Europe. In the Asia-Pacific region, countries such as India and China are inclining towards healthy and nutritional food habits, speedy growth in the population and the urban lifestyle are some factors that are expected to boost the market in future. Asia Pacific is one of the emerging markets for the organic soy proteins. The Middle East & Africa region is expected to witness a steady demand for organic soy protein in the future years.

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Global Organic Soy Protein Market: Competitive Players

Key market players involved in the global organic soy protein market include Bunge Alimentos SA, Burcon NutraScience, SunOpta Inc., Armor Proteins, Dupont, The Scoular Company, Harvest Innovations, Omega Protein Corporation, ADM, MGP Ingredients, World Food Processing, Devansoy Inc., George Weston Foods, and Kellogg Company. Other prominent players include Kerry Ingredients Inc., Kraft Foods, Hodgson Mill, Agrawal Oil & BioChem, Frank Food Products, Dean Foods Company, Doves Farm Foods, Natural Products, Inc., DuPont Agriculture & Nutrition, Gelita Group, Manildra Group, Cargill Health & Food Technologies, and Biopress S.A.S.

Organic Soy Protein Market Regional Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa)

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