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The global Soy Protein Ingredients Market was valued at USD 8.32 billion in 2016 and is projected to reach USD 15.17 billion by 2025, growing at a CAGR of 6.9% from 2017 to 2025.
Soy is known to be an excellent source of dietary protein. Soy foods are made up of ingredients which include concentrates, isolates and soy flours. Growing demand for dairy alternatives from the consumers is expected to be the major factor driving the market over the forecast period.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Growing inclination towards plant protein
1.2 Increase in the consumption of sports nutrition supplements
1.3 Low costs as compared to alternatives
2. Market Restraints
2.1 Unpopular flavor
2.2 Ban on some soy products
Market Segmentation:
The global Soy Protein Ingredients Market is segmented on the basis of Product Type Application and region.
1. Global Soy Protein Ingredients Market, by Product Type:
1.1 Soy Protein Isolates
1.2 Soy Protein Concentrates
1.3 Soy Flour
1.4 Others
2. Global Soy Protein Ingredients Market, by Application:
2.1 Food
2.1.1 Bakery & Confectionery
2.1.2 Meat Alternatives
2.1.3 Functional Foods
2.1.4 Others
2.2 Animal Feed
2.2.1 Livestock
2.2.2 Pet food
2.2.3 Aquafeed
3. Global Soy Protein Ingredients Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Archer Daniels Midland Company
2. Dupont Nutrition & Health
3. Cargill, Incorporated
4. CHS Inc.
5. Kerry Group PLC
6. Wilmar International Limited
7. Nisshin Oillio Group, Ltd.
8. Biopress S.A.S.
9. The Scoular Company
10. Devansoy Inc.
11. AG Processing Inc
12. Ruchi Soya Industries Limited
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Soy Protein Ingredients Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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