Soy Protein Ingredients Market Trend Analysis, Emerging Size, Explosive Share, Significant Growth Prospects, Top Key Players and Future Business Opportunities till 2023

Soy Protein Ingredients Market Trend Analysis, Emerging Size, Explosive Share, Significant Growth Prospects, Top Key Players and Future Business Opportunities till 2023

“”Soy Protein Ingredients Market Size, Share and Global Industry Analysis has been divided into type, application, and region””
“Soy Protein Ingredients Market is anticipated to strike a healthy CAGR over the projection period 2019 to 2023”

Market Synopsis:

Soy protein is gaining popularity owing to its nutritive value. The rising demand for healthy food due to rising burden of diseases is likely to motivate the growth pattern of the soy protein ingredients market over the next couple of years. It is poised to pave its way across many industries such as oil and fats, sweet & savory snacks, etc. This, in turn, is further projected to augment the market over the next few years. However, the inclination towards animal protein is poised to challenge market growth in the foreseeable future.

The accelerated shift towards veganism is a major factor responsible for the proliferation of the market over the assessment period. The growth of vegan population has led to an increase in demand for plant-based products which is also poised to have a positive influence on the expansion of the soy protein ingredients market.

The changing trends in the food industry has led to the towering demand for plant-based products. In addition, the changes in lifestyle is also anticipated to favor the rising demand for soy-based food products in the years to come. Market Research Future (MRFR)’s report has found out that the global soy protein ingredients market is anticipated to strike a healthy CAGR over the projection period 2017 to 2023.

Get Free Sample Copy@ https://www.marketresearchfuture.com/sample_request/4983

Competitive Dashboard:

The noted players participating in the competitive landscape of the soy protein ingredients market are-

  • Archer Daniels Midland Company (U.S.)
  • Cargill Incorporated (U.S.)
  • Ingredion Incorporated (U.S.)
  • DuPont Nutrition & Health (Denmark)
  • CHS Inc. (U.S.)
  • Wilmar International Ltd (Singapore)
  • Kerry Group PLC (Republic of Ireland)

Industry News:

In January 2019, the Swiss food giant, Nestlé, started working on the extension of its plant-based food category with the commercial launch of Incredible Burger, made from soy and wheat protein.

In April 2019, Häagen-Dazs, an American ice cream brand has announced the launch of vegan chocolate fudge ice cream bars which features soy ice cream that comes coated in dairy-free rice milk chocolate coating.

Key Findings:

  • Soy protein ingredient is gaining high traction in infant food formulations in recent years
  • Canada is projected to be the most innovative country in terms of soy protein ingredients market

Market Segmentation:

The Global Soy Protein Ingredients Market has been divided into type, application, and region.

Based on Type

  • Soy protein isolates
  • Soy protein concentrates
  • Soy protein flour
  • Others (soy chunks and soy grits)

On the basis of Application

  • Bakery & confectionery
  • Dairy & frozen desserts
  • Beverages
  • Oil and fats
  • Sweet & savory snacks

Regional Analysis:

The Global Soy Protein Ingredients Market, by region, has been segmented into four major regions, viz. North America, Europe, Asia Pacific and the Rest of the World (RoW).

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/soy-protein-ingredients-market-4983