The soy protein ingredients market valuation is estimated to cross USD 15.5 billion by 2032, as reported in a research study by Global Market Insights Inc.
The report reveals that the increasing vegan population and consumption of certified plant-based foods are prominent drivers for soy protein ingredient demand. According to survey data from the Vegetarian Resource Group, flexitarians and vegetarians account for over 18% of the adult population in the U.S. Owing to the growing burden of cardiovascular diseases including hypertension, consumer interest has shifted to healthy lifestyles and food habits. These factors will further bolster the consumption of alternative proteins to meats and other animal-based products and consequently escalate soy protein integration market in foods and beverages.
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The textured soy segment will be valued at USD 2.5 billion by 2032. The segmental growth will be driven by the rising demand for protein-rich foods in various formats such as drinks, powder, or bars. Besides, textured vegetable proteins are gaining constant traction owing to the surging demand for meat alternatives as they offer all the amino acids required by the human body.
The others segment is anticipated to grow at 9.5% CAGR between 2023-2032. Soy protein is used in multiple industries, such as cosmetics, agriculture, flavor enhancers, pharmaceuticals, and fertilizer manufacturing. Besides, the product’s ability to enhance the skin texture and retain moisture, will potentially open new avenues for cosmetic and personal care product manufacturers over the coming years.
The Europe soy protein ingredients market is expected to amass lucrative gains by 2032 end. The regional growth will be primarily driven by the budding demand for healthy foods & beverages, stringent compliances on sugar concentration, and changing concerns toward overall health measures. In addition, the consumers in the region are constantly inclining towards protein-rich diets for being healthy. Moreover, the growing penetration of leading companies in the region, constant investments in R&D studies, and new product launches will also influence the overall industry outlook across Europe.
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Prominent participants operating across the soy protein ingredients market Cargill Inc., Archer-Daniels-Midland Company (ADM), Dupont, Sotexpro, Wilmar International, CHS Inc., Bioway, Farbest Brands, Sonic Biochem, Prinova Group LLC, Chaitanya Chemicals, Batory Foods, and Medix laboratories
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Soy protein ingredients market 3600 synopsis, 2023 – 2032
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Type trends
2.1.5 Nature trends
2.1.6 Application trends
Chapter 3 Global Soy Protein Ingredients Market Insights
3.1 Industry segmentation
3.2 COVID-19 impacts on the world economy
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.2.1 Distributors
3.3.2.2 Technology providers
3.3.2.3 Collaborations/Partnerships
3.3.3 Impact of COVID-19 on the industry supply chain
3.4 Technology landscape
3.4.1 Nutritional profile for soy protein
3.4.1.1 Soy protein isolate
3.4.1.2 Amino Acid content of soy protein isolate
3.4.1.3 Soy protein concentrate
3.4.1.4 Textured soy protein
3.4.1.5 Soy flour
3.5 Raw material analysis
3.5.1 Soybean
3.5.2 COVID-19 impact on raw material analysis
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.7 Pricing analysis
3.7.1 Regional pricing
3.7.1.1 Soy protein isolate
3.7.1.2 Soy protein Concentrate
3.7.1.3 Textured soy protein
3.7.1.4 Soy flour
3.7.2 Cost structure analysis
3.7.3 COVID-19 impact on pricing analysis
3.8 Soy Protein Ingredients Market impact forces
3.8.1 Growth drivers
3.8.1.1 North America- Growing demand for plant-based certified food & beverages owing to growing vegan population is driving market growth
3.8.1.2 Europe- Rising demand for functional food and healthy products with high protein content
3.8.1.3 Asia Pacific- Increasing demand for natural ingredients in animal feed products
3.8.2 Industry pitfalls & challenges
3.8.2.1 High production cost
3.9 Innovations & sustainability
3.10 Growth potential analysis
3.10.1 Emerging business model
3.10.1.1 Partnership
3.10.1.2 Capacity expansion
3.11 Porter’s analysis
3.11.1 Bargaining power of suppliers
3.11.2 Bargaining power of buyers
3.11.3 Threat of new entrants
3.11.4 Threat of substitutes
3.12 PESTEL analysis
3.13 COVID-19 impact by application
3.13.1 Food and beverage
3.13.2 Animal feed
3.14 Impacts of the Russia-Ukraine war on the soy protein ingredients market
3.15 Patent landscape
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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