Soy Protein Market is expected to grow at a CAGR of 8.5%
According to the new market research report by IndustryARC titled “Soy Protein Market: By Type (Isolates, Concentrates, Soy flour) Application (Functional Food, Baby Food, Dairy Substitutes, Meat Substitutes, Bakery Products, Confectionery Products) Geography (North America, Europe, APAC and RoW)-Forecast (2018–2023)”, the market is driven by the new-found health awareness among populace in the recent past.
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https://industryarc.com/Report/7445/soy-protein-market-analysis.html
Americas held the largest market share in the soy protein Market:
Americas region holds the largest market share in the soy protein Market and is anticipated to reach $4.12 billion by 2023 at a CAGR of 6.9% (or) 4.4 billion by 2018 at a CAGR of 4.9%. However, Asia Pacific witnesses highest growth during the forecast period and is expected to reach $236.53 million by 2021 (or) 342.32 millions by 2023 at a CAGR of 20.3%. The market in the Americas region is driven by the apogee of rich soy-diet due to obesity and diabetes. The key applications in this region include include Bakery products and Dairy substitutes among others.
Selected Impact Analysis done in the full report:
Isolate Proteins and Concentrates are the most eminent forms of soy protein and contains 90% and 70% protein content respectively.
Soy Protein health claim on mitigating the risk of coronary heart disease has got the FDA (Food and Drug Administration) approval and thereafter copious scientific studies have continued to support the soy protein health claim.
Excerpts on Market Growth Factors:
The infant foods segment is the leading one in the Soy Protein Market, owing to the increase in demand for soy protein Market.
The infant foods segment is expected to witness second highest growth during the forecast period
Textured Soy Protein Market is expected to witness highest growth during the forecast period.
Key players of Soy Protein Market:
Scoular Company (U.S.), Dupont Nutrition, and Kellogg Company are considered as key players of the market.
Product Launches alongside M&As are considered as key strategies in the market. For instance, Scoular acquires Farmers Grain Company in 2013.
Kansas Protein Foods acquired a closed CHS Foods facility in Hutchinson, KS. The company plans to upgrade the facility and restart production of soy protein products.
Related Reports
A.Drinkable Meals Market
https://industryarc.com/Report/18543/drinkable-meals-market.html
B.Protein Chip Market
https://industryarc.com/Report/16203/protein-chip-market.html
Soy Protein Market Report is segmented as indicated below:
Soy Protein Market By Type:
1.Isolates
2.Concentrates
3.Soy Flour
Soy Protein Market By Application
1.Functional Food
2.Baby Food
3.Dairy Substitutes
4.Meat Substitutes
5.Bakery Products
6.Confectionery Products
7.Others
Soy Protein Market By Geography (Covers 12 + Countries)
Soy Protein Market By Entropy
Companies Cited/Referenced/Interviewed:
Linyi Shandong Biologicals Produts Co. Ltd (China),
Solbar Ltd. (Israel)
Devansoy Inc. (U.S.)
Ruchi Soya Industries Ltd (India)
Archer Daniels Midland
Cargill Incorporated
Wilmar International
CHS Inc.
Kerry Group Plc.
What can you expect from the report?
The soy protein Market is Prepared with the Main Agenda to Cover the following points:
1.Market Size by Product Categories
2.Market trends
3.Manufacturer Landscape
4.Distributor Landscape
5.Pricing Analysis
6.Top 10 End user Analysis
7.Product Benchmarking
8.Product Developments
9.Mergers & Acquisition Analysis
10.Patent Analysis
And more
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