Soy Protein Ingredients Market Trends, Segment and Future Growth to 2023 - Major Key Players are Archer Daniels Midland (ADM) Company, Dean Foods Company, MGP Ingredients, Omega Protein Corporation, George Weston Foods and others.

Soy Protein Ingredients Market Overview

Soy protein is obtained from soybeans after extraction of oil. Soy Protein is used for fortification of many food products and as an alternative to dairy protein. It is extensively used as a meat extender and as a quality substitute for meat. This legume is one of the few plant protein that contains all the eight essential amino acids.

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High functional properties of the soy protein ingredient coupled with eco-friendly and natural health benefits are driving the demand of soy protein during the forecast period. Moreover it is cost effective than the animal protein and reflects the same protein content. This is expected to enhance adoption of soy protein across various end-use industries resulting in increasing the shelf life of the processed food, so it is also considered as the most sustainable protein ingredients. This in turn boosts the market. However, the allergic nature of soy protein ingredients is restraining its growth during the forecast period. Moreover, negative impact of genetically modified (GM) soy coupled with the availability of various alternatives such as milk proteins, pea proteins and other animal proteins are also effecting the growth of soy protein ingredient market in the forecast period.

Soy Protein Ingredients Market Forecast Report (2018-2023)

Soy Protein Ingredients Market was worth USD 7.11 billion in 2016 and estimated to be growing at a CAGR of 7.3%, to reach USD 10.12 billion by 2021.

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Soy Protein Ingredients Market Segmentation

The market for Soy Protein Ingredients is broadly categorized into type and application. By type the market is segmented into Soy protein isolates, Soy protein concentrates, soy flours and others. Soy protein isolates dominates the market followed by soy protein concentrates. By application the market is classified into Bakery and confectionery, meat alternatives, functional foods, dairy replacement, infant foods and other applications. Functional food segment dominates the market.

On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Soy Protein Ingredients Market was dominated by North America followed by Europe. Asia Pacific and Latin America region are expected to register a high CAGR.

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Major Players:

The major companies dominating this market for its products and services are

Armor Proteins,
Gelita Group,
Bunge Alimentos SA,
Kerry Ingredients Inc.,
Burcon NutraScience,
Cargill Health & Food Technologies,
I. du Pont de Nemours and Company,
Kellogg Company,
Doves Farm Foods,
Kraft Foods Group Inc.,
Manildra Group,
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This release was published on openPR.