Organic Soya Protein Market: A Sustainable Source of Protein Driving Market Growth

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Organic Soya Protein Market Size, Share & Trends Analysis Report By Type (Soy Protein Concentrates, Soy Protein Flour, Soy Protein Isolates And Others), Application (Functional Foods, Infant Formula, Bakery & Confectionery, Meat Alternatives, Dairy Alternatives) And Form (Dry Form And Liquid Form)- Market Outlook And Industry Analysis 2031"

The global organic soya protein market is estimated to reach over USD 1587.47 million by 2031, exhibiting a CAGR of 12.33% during the forecast period.

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In essence, organic soybean protein is extracted from the legume; its primary components are coarsely powdered soybean flour and sunflower oil. All nine essential amino acids are obtainable by the human body from soy protein, which is available in both liquid and dried forms. Thus, soy protein constitutes a source of complete protein. The growth of the organic soy protein market is primarily propelled by the increasing vegan population and the declining inclination towards consuming healthful foods.

In addition, soy protein possesses an array of nutritional advantages. It is a straightforward substitute for livestock and farm protein, both of which are substantial contributors to the organic soy protein market's expansion during the forecast period.

Additional factors that are anticipated to generate profitable opportunities for the organic soy protein market over the forecast period are the increasing preference and inclination of consumers towards plant-based protein substitutes, as well as the growing incidence of lactose intolerance. The escalation in the cost of food and farm proteins has prompted purchasers and business proprietors to opt for this alternative due to its comparable nutritional attributes and more affordable price. The nutritional value of soy is of the utmost importance, and government support for natural cultivation has slowed the market's expansion over the forecast period. Increasing urbanization and demand for plant-based food products are also anticipated to contribute to the overall growth of the market.

List of Prominent Players in the Organic soya protein Market:
• Harvest Innovations (U.S.)
• World Food Processing (U.S.
• Devansoy Inc. (U.S
• Agrwal Oil & Biocheam (India
• Biopress S.A.S. (France)
• Natural Products, Inc. (U.S.)
• The Scoular Company (U.S.),
• SunOpta Inc. (Canada
• FRANK Food Products (Netherlands)
• Hodgson Mill (U.S.)

Market Dynamics:
Drivers-
As a result of the increasing prevalence of lactose intolerance and the growing trend and preference of consumers for plant-based protein substitutes, the market for organic soy protein is anticipated to encounter a multitude of lucrative opportunities over the forecast period. During the period covered by the forecast, the market as a whole expanded at a moderate pace due to the rising cost of food and agricultural proteins, despite the substantial nutritional value of soy and the government's support for organic farming. As a result, both consumers and business proprietors have opted for it due to its comparable nutritional advantages at a lower cost. Furthermore, rapid urbanization and increasing demand for plant-based food products are anticipated to accelerate the overall growth of the market.

Challenges:
Conversely, the presence of non-organic soy protein, which is priced even lower, poses a challenge to the market. This will restrict the expansion of the market. The market's development is expected to be constrained, however, throughout the projected timeframe, due to the product's exorbitant price. In addition, the presence of anti-nutritional factors in soy proteins would impede the overall growth of the market. However, the unpleasant taste of soy flavor may pose a substantial barrier to the market's rate of expansion.

Regional Trends:
In the near future, the organic soy protein market in North America is anticipated to account for a significant portion of the revenue and expand at a rapid CAGR. The substantial market share of this region can be attributed to several factors, including a firmly established food and beverage industry, increasing consumer awareness regarding the health benefits of soy protein consumption, a growing vegan community, a rising preference for plant-based foods, rising fitness and wellness trends, and an increasing number of vegan residents. In addition, Asia-Pacific held a significant market share as a result of its developed economy and increasing product adoption. As a result of the province's expanding urbanization, rising disposable income, and increasing demand for refined carbohydrates in the region.

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Recent Developments:
• In May 2021, NOW Health Group, a leading manufacturer and distributor of plant-based protein powder, adopted the direct-to-consumer business model and began offering customers a diverse selection of flavored soy protein isolate powder. Multiple direct-to-consumer (D2C) channels, including online purchasing and specialty stores, have been utilized by the company.

Segmentation of Organic soya protein Market-
By Type
• Soy protein concentrates
• Soy protein isolates
• Soy protein flour
• Others (chunks, crumbles, crisps and cereal pieces)

By Application
• Functional foods
• Infant formula
• Bakery & confectionery
• Meat alternatives
• Diary alternatives
• Others (fruit drinks, soups & sauces and vegetables broths)

By Form
• Dry
• Liquid

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.