Soy is known to have proteins in good number. The basic advantage is that it proves to be healthy for every age group. As per the US FDA, consumption of 25 grams of soy protein every single day does curtail the risk of heart disease. This factor is one of the major accelerators to soy protein market.
Also, extensive research is being carried to bring to the fore soy protein ingredients in a better form. For instance – a joint research laboratory is into operation since the year 2018 for conducting cutting-edge clinical nutrition as well as synthetic biological research for coming out with healthier products. Persistence Market Research has dived into these splendid developments and given insights with regards to the same in its market study report mentioned in the subsequent paragraphs.
How about dissecting the Soy Protein Market?
Soy Protein market, by nature, spans conventional soy protein and organic soy protein. Form-wise, it’s soy protein concentrates and soy protein isolates. By application, it’s soy protein for food & beverages (bakery & confectionary, meat analogues, processed food, snacks & cereals, beverages, and others), animal feed, and nutraceuticals & functional foods. Persistence Market Research, along with this dissection, has harped on the fact that bakery and confectionary products dominate the soy protein market. Meat analogues take the centre-stage for the ones who are into shifting to vegan diet.
The Regional Slingshot
North America holds the largest market share. This could be attributed to an increasing focus all over the US towards novel types of products enriched with soy protein. Plus, as soy protein fills the bill of “green label food products”, there is a good reason for the US to be at the top pedestal on this count.
Europe comes in second along the similar lines. Therein, Germany leads from the front, followed by Italy, UK, and France. The Asia-Pacific is expected to grow at the fastest rate in the soy protein market with millennials resorting to protein-rich products. LATAM will catch up with Mexico and Brazil getting onto the curve of benevolence in the near future. Persistence Market Research has encapsulated the pieces of facts in its market study entitled “Soy Protein Market”.
With the Competitive Fray all over….
Persistence Market Research has profiled the key participants to soy protein market as Cargill, Inc., Archer Daniels Midland, DuPont de Nemours, Inc., BASF SE, Wilmar International Ltd., Royal Ingredients Group, Fuji Oil Company Ltd., A. Costantino & C. spa, Farbest Brands, and likewise. It has gone further with mentioning about the Archer Daniels Midland Company’s expansion of manufacturing capacity of non-GMO soy protein concentrate at factory located in The Netherlands. This happened in February 2020. This soy protein concentrate is being made available in the form of a powder. The other development mentioned by Persistence Market Research is that DuPont Nutrition and Biosciences, in June 2019, started with production of naturally-sourced GRINDSTED PLANT-TEX egg white replacement system as one of the plant-based alternatives.
In all, the soy protein market is bound to be at the tether of growth between 2021 and 2031 – Persistence Market Research
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