IMARC Group, a leading market research company, has recently releases report titled “Soy Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global soy protein market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Soy Protein
Soy protein is a high-quality plant-based protein derived from soybeans. It contains no cholesterol and is typically low in saturated fats, making it heart healthy. It also comprises isoflavones, which have been linked to various health benefits, such as reducing the risk of heart disease and certain types of cancer. It is especially valued by individuals seeking alternatives to animal-based proteins, including vegetarians and vegans. It is rich in essential amino acids, making it a complete protein comparable to animal sources like meat, eggs, and dairy. Additionally, soy protein is an excellent source of vitamins, minerals, and antioxidants. Soy protein can also aid in weight management by promoting a feeling of fullness.
How Big Is the Soy Protein Market?
The global soy protein market size reached US$ 8.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.27% during 2023-2028.
Request Sample Copy of This Report: https://www.imarcgroup.com/soy-protein-market/requestsample
What are the growth prospects and trends in the soy protein industry?
At present, food manufacturers often incorporate soy protein into a wide range of products, including tofu, soy milk, meat substitutes, and protein bars. Its neutral taste allows for easy integration into various dishes, which is propelling the growth of the market. Besides this, the growing awareness about the health benefits associated with soy protein, such as its cholesterol-lowering and heart-healthy properties, is strengthening the growth of the market. Moreover, consumers are increasingly seeking protein sources that align with their health and wellness goals.
The rise in plant-based diets, including vegetarianism and veganism, is fueling the demand for soy protein as a primary protein source. Soy protein serves as a versatile alternative to animal-derived proteins, catering to the expanding plant-based consumer base. In addition, soy protein is recognized as an excellent source of high-quality protein essential for muscle growth and recovery. The preference of fitness and athletic community for plant-based protein supplements is contributing to the growth of the market.
Apart from this, the natural origin of soy protein and sustainable production methods align with the clean label and environmental sustainability trends in the food industry. Consumers are increasingly seeking products with transparent ingredient lists and reduced environmental impact.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Isolate
- Concentrate
- Textured Soy Protein
Form Insights:
- Powder
- Bars
- Ready-to-Drink
- Capsules and Tablets
- Others
Nature Insights:
- Organic Soy Protein
- Conventional Soy Protein
Distributional Channel Insights:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Application Insights:
- Bakery and Confectionery
- Functional Foods
- Pharmaceuticals
- Meat Additives
- Feed
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
A. Costantino & C. spa, Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated, Crown Soya Protein Group, DuPont de Nemours Inc., Fuji Oil Co. Ltd., Smithfield Foods Inc, Sonic Biochem Extractions Pvt. Ltd, The Scoular Company and Wilmar International Ltd
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
