Soy protein is considered as a complete protein supplement, which is composed of all the nine essential amino acids. These proteins are versatile in their usage and are widely applicable in infant foods, bakery & confectionery, and dairy products. Moreover, functional beverages, such as sack & wine, employ soy as a key ingredient in their production processes. Soy protein ingredient is considered to be the finest substitute for animal protein. It comprises amino acids and is rich in fiber, calcium, iron, potassium, polyunsaturated fats, lecithin, magnesium, and vitamin B, thus containing high health-related benefits and functional properties. In addition, due to its characteristics, it is used as emulsifier, gel, tenderizer, binder, stabilizer, and thickener in food & beverage processing industry.

The market for soy protein ingredients has witnessed a rapid growth in the recent past, owing to enhanced consumption of soy protein in sports nutrition and in bakery and confectionery products. The global soy protein ingredients market was valued at $7,506 million in 2016, and is projected to reach at $12,205 million by 2023, growing at a CAGR of 7.2% from 2017 to 2023, owing to rapid growth of applications and dairy products, increase in demand for soy protein ingredients from beverage industry, and rise in investments in bakery & confectionary products.

Currently, the global soy protein ingredients market witnesses numerous opportunities due to the increase in usage of dairy ingredients/alternatives among consumers globally, rise in use of soy protein ingredients as a wellness trend, and surge in high-quality protein supplements in food industry. In addition, increase in popularity of soy supplements among youngsters, rise in pediatric milk segments especially in emerging countries, and advancements in the production technologies are some key factors that accelerate the global market growth. Furthermore, Asia-Pacific and Latin America fuel the demand for soy protein ingredients, owing to increase in number of working women and health concerned population. However, undefined regulatory guidelines, fluctuating soybean prices, and issues associated with increase in number of diseases among soybean plants are anticipated to hamper the market growth during the forecast period.

The global soy protein ingredients market is segmented based on type, application, and geography. Based on type, it is classified into soy protein concentrates, soy protein isolates, and soy flours. The soy protein concentrate segment dominated the global market in 2014, and is anticipated to maintain its dominance throughout the forecast period. Based on application, it is divided into bakery & confectionery, meat alternatives, functional foods, dairy replacers, infant foods, and others. The infant foods application segment is estimated to grow at a significant CAGR of 7.7%. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for approximately than three-sevenths share of the total revenue in 2016, followed by Europe and Asia-Pacific.

Key market players have largely invested in R&D activities to develop advanced products to cater to the demand for end users. The major players in the soy protein ingredients market include:

DuPont Nutrition & Health
Archer Daniels Midland Company
Cargill Incorporated
Wilmar International Ltd.
CHS Inc.
Kerry Group plc.
Ag Processing Inc.
Kellogg Company
Doves Farm Foods
Kraft Foods Group Inc.

KEY BENEFITS FOR STAKEHOLDERS

The report provides an extensive qualitative & quantitative analysis of the current and emerging market trends, estimations, and opportunities during the forecast period to determine the prevailing market opportunities in the global soy protein ingredients market.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Comprehensive regional analysis of the market based on primary & secondary sources is provided.
Extensive analysis of the market is conducted by following key product benchmarking, positioning, and monitoring the top competitors.
The report provides extensive qualitative insights on the significant segments or regions.
It provides key insights on strategic analysis of various companies and value chain analysis of the market.

KEY MARKET SEGMENTS

By Type

Soy Protein Concentrates
Soy Protein Isolates
Soy Flours

By Application

Bakery & Confectionery
Meat Alternatives
Functional Foods
Dairy Replacers
Infant Foods
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA

Other players in the value chain (profiles not included in the report) include:

Foremost Farms
Valio Ltd.
DMK Group
Agropur MSI
Axiom Foods Incorporation
Kerry group
Amco proteins
Archer Daniels
Midland Company
CHS Incorporation

*The above list of companies is not profiled in the report, but can be added on client interest.