Global Market Study on Soy Protein: Increasing Use of Soy Protein being Witnessed in Plant-based Meat Products


Soy Protein  Market
  • Published On : Mar-2020 |
  • Pages : 305 Pages |
  • Format : Soy Protein  Market Soy Protein  Market Soy Protein  Market Soy Protein  Market

Plant-based meat has been gaining immense popularity over the years, as it offers similar nutritional properties along with the meaty taste and flavor of real meat products, and this factor is anticipated to push the growth of the soy protein market over the coming years. This is due to the fact that, texturized soy protein, a type of soy protein, is widely used to manufacture plant-based meat, as it offers a meat-like texture and taste, along with the all essential amino acids to plant-based meat.

  • Boca Foods, Worthington Foods, and some other companies offer plant-based meat products, and utilize soy protein as the main ingredient, attributable to its capability to offer a meaty texture to the end product.

Product Innovation to Augment Use of Soy Protein

The soy-based ingredients market is witnessing a technological revolution, as novel ingredients along with biotechnology is producing protein-rich food. Advances in soy-based products and protein offerings are gaining significant interest from consumers and mainstream media alike, and are filling the spaces on retail shelves and foodservice menus. This is anticipated to accelerate the growth of the soy protein market to a considerable extent in the coming years.

  • In August 2019, Smithfield Foods launched a new soy-based product under its pure farmland brand, which includes burgers, meatballs, and breakfast patties.

Environment-friendly Nutritious Soy Protein Gaining Global Importance

Manufacturers in the soy protein market are anticipated to benefit from the fact that, when compared to animal protein, plant-based proteins stand out as an environment-friendly alternative. Growing concerns regarding animal-based products and the impact of such products on the environment are leading a higher number of consumers to adopt a flexitarian diet. Moreover, the protein content and vital muscle building ingredient content in plant-based protein ranges from 50% to 85% in terms of concentration. Owing to these health benefits, soy protein is among the favorite proteins that is being used in various food products, and also in animal feed.

Impact of Meat & Dairy Production on Environment and Intervention of Animal Welfare Groups

Meat and dairy industries have a significant impact on the environment, as the production of animal protein and dairy protein involves high consumption of non-renewable resources such as water and land. The carbon footprints involved in animal protein and dairy protein have a substantial impact on global warming and greenhouse gases. Animal welfare rights groups are taking initiatives to create awareness about how animals are treated for the production of animal-based products. These efforts have led to a shift in consumer preferences toward plant-based proteins such as soy protein, as these products are cruelty-free. This shift is thereby boosting the growth of the global soy protein market.

Manufacturers in Soy Protein Market to Target Nutraceutical Industry

Soy protein is a non-GMO vegetable protein, and an ideal source of post-workout nutrition for athletes, as compared to other types of protein. Moreover, soy protein powder is nutritionally beneficial for human health, and can help build muscles when paired with resistance training. Manufacturers in the soy protein market can gain substantial profits by targeting the sports nutrition sector, as athletes are becoming more concerned about their health, strength, and stamina, and are thus seeking high protein products.

Global Soy Protein Market - Regional Landscape

North America and Europe, together, have been identified as the largest consumers of soy protein across the globe, accounting for more than 65% share of the global soy protein market. Increasing number of vegans in these regions is directly, positively impacting the growth of the soy protein market. North America and Europe also have the largest number of soy protein manufacturers. Major players in the soy protein market are also headquartered in these two continents, which hold more than 35% of the market share in the global soy protein market.

The markets in South Asia and East Asia are expected to witness exponential growth over the forecast period of 2019-2029. Countries in this region are anticipated to be the next potential markets for manufacturers offering soy protein. The trend of 'being vegan' is also getting momentum in these regions, which is anticipated to accelerate the growth of the soy protein market in the developing economies of South Asia and East Asia.

Analysts’ Viewpoint

The global soy protein market has been witnessing decent growth in the past few years. The markets in South Asia and East Asia are anticipated to register the highest growth in the global soy protein market over the forecast period of 2019-2029, while North America remains the top consumer of soy protein, followed by Europe. Increasing efforts on research & development along with investments toward the production of plant-based meat products containing soy protein can help manufacturers capture the interest of vegan and flexitarian consumers, and facilitate them in gaining higher profits in the foreseeable future.

Soy Protein Market: Scope of the Report

The latest report by Persistence Market Research on the global soy protein market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global soy protein market for the forecast period of 2019-2029. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global soy protein market. This market study contains exclusive insights into how the global soy protein market is anticipated to grow over the forecast period.

The primary objective of the global soy protein market report is to provide insights regarding the opportunities in the market that are supporting the transformation of global businesses associated with soy protein. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for overall forecasts, enabling readers to better understand the analysis and evaluation of the global soy protein market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global soy protein market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on future trends in the soy protein market. Furthermore, new and emerging players in the global soy protein market can make use of the information presented in the report to take effective business decisions, which will provide momentum to their businesses in the global soy protein market.

The information in this report is relevant for manufacturers, suppliers, distributors, and investors in the global soy protein market. All stakeholders in the global soy protein market, as well as industry experts, journalists, and business researchers can leverage the information and data represented in PMR’s study.

Global Soy Protein Market: Segmentation

PMR’s study on the global soy protein market offers information categorized into four segments - nature, form, end use, and region.

Nature

Form

End Use

Region

Organic

Isolates

Food & Beverages

  • Bakery & Confectionery
  • Dairy
  • Meat Analogues
  • Processed Food
  • Snacks & Cereals
  • Beverages
  • Others

North America

Conventional

Concentrates

Animal Feed

Latin America

Others

Nutraceuticals

Europe

Cosmetics & Personal Care

South Asia

East Asia

Oceania

Middle East & Africa

Key Questions Answered in PMR’s Global Soy Protein Market

  • Which region will hold the highest market share in the global soy protein market over the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the growth of the global soy protein market?
  • What are the global trends impacting the soy protein market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the global soy protein market?
  • What is the market structure of the global soy protein market?

Global Soy Protein Market: Research Methodology

Persistence Market Research is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology in the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global soy protein market, and reach conclusions about the future growth factors of the soy protein market. The research methodology comprises primary research methods coupled with secondary research methods, which ensures the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level, to create global market measurements. Our main sources of research include-

  • Primary Research
  • Secondary Research
  • Trade Research

Companies covered in Soy Protein Market Report

  • DuPont de Nemours, Inc.
  • Archer Daniels Midland Company
  • Cargill, Incorporated  
  • BASF SE 
  • Wilmar International Ltd.
  • FUJI OIL CO., LTD. 
  • Farbest Brands
  • Royal Ingredients Group  
  • The Scoular Company
  • Euroduna Food Ingredients GmbH
  • NOW Foods  
  • A. Costantino & C. spa
  • Shandong Yuwang Industrial Co., Ltd.
  • Solbar Ningbo Protein Technology Co.,Ltd
  • Nordic Soya Oy 
  • ETChem
  • Meelunie B.V
  • Aminola B.V.
  • Foodrich Soya Co. LTD.
  • Batory Foods  
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