Kenneth Research, in its repository of market research reports, have recently added a report on Soy Protein Ingredients Industry Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
Global Soy Protein Ingredients Industry was valued at USD 8.88 Billion in the year 2017. Global Soy Protein Ingredients Industry is further estimated to grow at a CAGR of 7.48% from 2018 to 2025 to reach USD 15.81 Billion by the year 2025. North America region holds the highest Industry share in 2017 and is considered as the fastest growing Industry in the forecasted period due to steady growth rate and increasing economies in these regions. At a country level, developed industry like the U.S., European nations as well the emerging Industry like Latin America and Indian holds the notable Industry share in 2017 and it is projected to grow at a strongly in the coming years.
The major market players are DuPont Nutrition & Health, Kellogg Company, Burcon NutraScience Corporation, Cargill Inc., Armor Proteins, Archer Daniels Midland Company, Wilmer International, Doves Farm Foods, George Weston Foods, Ag Processing Inc. and other 13 companies detailed information is provided in research report. Rising research and development expenses, similarly growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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SWOT Analysis of Soy Protein Ingredients Industry
Strength
Providing better protein content than dairy and other products
Increasing health consciousness and fitness among people
Weakness
Undefined government regulations
Opportunity
Innovations in technologies for better soy products
Increasing investment opportunity in Asia-Pacific & Latin America region
Threats
Substitute soy products like egg white powder & goat milk
By product type, soy protein isolates segment holds the highest Industry share among other product types. On the other hand, infant food by application for this Industry is expected to grow at the highest CAGR during the year 2018-2025. The infant food segment holds the substantial Industry share because of its high demand and rising awareness with efficient cost.
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By Application
Bakery and Confectionary
Meat Alternatives
Dairy Replacers
Functional Foods
Infant Foods
Others
By Type
Soy Protein Isolates
Soy Protein Concentrates
Soy Flours
Others
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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