Soy Protein Market 2021, Size, CAGR Value, Growth Rate, Latest Trends, Future Demand, Business Investment Plans, SWOT Analysis, Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Soy Protein Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Soy Protein Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global Soy Protein Market is estimated to reach $7430 million by 2024 with CAGR of 5.9% between 2016 and 2024. Soy protein which is an element of soybeans, is a rich source of dietary proteins. They are also a source of calcium, fiber, iron, zinc and vitamin D. Unlike plant proteins, soy proteins consist of all the necessary micronutrients and amino acids, essential for human beings. The nutritional value of soya foods can be improved during food processing by deactivating lectins and inhibitors through elimination by fraction or heat treatment. Soy protein offers various health benefits to women, especially during pregnancy. They also offer other health benefits such as obesity prevention & control, cardiovascular status, and improved health after menopause, among others.

Rising demand for infant formulas with soy proteins and increasing awareness among consumers about various health benefits are driving the growth of the soy protein market. High demand among end-users also fuels the growth of the market. Though, availability of alternative protein sources and allergic nature may restrain the growth of the market. Nevertheless. Untapped markets and demand for organic soya can provide growth opportunities in coming years.

The global soy protein market is categorized on the basis of form type, product type, function type, application and geography. Form Type can be segmented into dry and liquid. By product type, it is further segmented soy proteins concentrate, soy proteins isolate and soy proteins hydrolysates. Furthermore, function type is segmented into emulsifier, nutrients, fat & water absorption and texturants. Application can be segmented into functional foods, bakery & confectionery and others.

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By geography the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, France, Italy and others. Asia-Pacific covers India, China, Japan and others. Rest of the World (RoW) covers South America, Middle East and Africa.

Key market players include Crown Soya Protein Group, DuPoint Nutrition & Health, Omega Protein Corporation, Kerry Ingredients Inc., Archer Daniels Midland Company, Burcon NutraScience Corporation, Wilmer International, Armor Proteins, George Weston Foods and Ruchi Soya Industries, among others

The key takeaways from the report:
The report will provide detailed analysis of Soy Protein Market with respect to major segments such as form type, product type, function type and application. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be included in the report. An exhaustive regional analysis of Soy Protein Market has been provided in the report.

Profile of the key players in the Soy Protein Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Soy Protein Market
Form Type Segments
Dry
Liquid
Product Type Segments
Soy Proteins Concentrate
Soy Proteins Isolate
Soy Proteins Hydrolysates
Function Type Segments
Emulsifier
Nutrients
Fat & Water Absorption
Texturants
Application Segments
functional foods
bakery & confectionery
others

Geography Segments
North America
US
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Others

Asia-Pacific
India
China
Japan
Others
RoW
South America
Middle East
Africa

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