Soy protein is a plant-based protein which is rich in vitamins and minerals and helps to increase the overall muscle growth of human body. It is a best alternative for animal sourced protein and milk-based protein supplements. Owing to its gluten-free attribute it is gaining popularity among the lactose intolerant population. Increasing population of lactose intolerant is boosting the growth of soy protein ingredients market.
Global Key Players and Competition Analysis
Some of the key players profiled in the global Soy protein ingredients market are Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Cargill Incorporated (U.S.), DuPont Nutrition & Health (Denmark), Wilmar International Ltd (Singapore), CHS Inc. (U.S.), Kerry Group PLC (Republic of Ireland)
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On the basis of type, soy protein ingredients market is segmented into soy protein isolates, soy protein concentrates, soy protein flour and others which includes soy chunks and soy grits. Based on the application, Soy Protein Ingredients Market is segmented into bakery & confectionery, dairy & frozen desserts, beverages, oil and fats, sweet & savory snacks and others.
Asia Pacific is projected to be the fastest growing region over the forecasted period. India and China are the major contributors in this region owing to increasing health awareness and increase in consumption of healthy foods. Latin America is also expected to witness moderate growth over the estimated period in which Brazil and Mexico are the major contributors.
Soy protein ingredients are gaining popularity in various industries such as bakery & confectionery, dairy & frozen desserts, beverages, oils and fats, sweet & savory snacks and others owing to its high functional and nutritive value which is driving the growth of the market. Increasing vegan population and high inclination of consumers towards substitute of animal protein is boosting the growth of soy protein ingredients market.
Browse the market data and information spread across 110 pages with 20 data tables and 15 figures of the report “Soy Protein Ingredients Market Research Report- Forecast till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/soy-protein-ingredients-market-4983
Dec 2017 U.S. agricultural cooperatives are building new soybean crushing plants at the fastest rate in two decades as farmers in the world’s top producer prepare to sow another record area with soy.
Nov 2017 ADM stated that while the plant-based protein market is becoming more crowded with new sources, soy has been a long-standing player to stay relevant to consumers. For this, they will continue to invest in soy so that they have a wide range of portfolio meeting evolving consumer tastes and preferences.
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