Global Soy Protein Ingredients Market: Overview
Soy protein is used as an ingredient in various food products such as vegetarian foods, salad dressings, meat imitations, and soups. Soy protein consists of texturizing and emulsification functional properties. It offers several health benefits hence the popularity of soy protein has increased in the recent years. It has proved that soy protein helps to prevent heart problems and many countries allow food products that are rich in soy protein. Some commonly used soy protein ingredients include soy protein concentrate, soy protein isolate, and soy flour. Soy foods that are made with these ingredients have less amount of saturated fat and are an excellent source of dietary protein. Consumer interest in healthy eating has made these ingredients more important than ever.
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Global Soy Protein Ingredients Market: Growth Factors
Soy protein ingredients market is driven by several factors such as increasing consumer preference for healthy products and increasing use of the soy foods. These ingredients are used in infant food products, meat alternative, soymilk, bakery & confectionery, and functional food. Consumers prefer consuming healthy food thus the demand for the soy protein ingredients has increased considerably. Change in consumption patterns and consumer inclination towards protein-rich vegetarian products impacted the global market in a positive way. Increasing nutritional requirements owing to fast-paced lifestyles and availability of a wide variety of ready-to-eat soy protein products is expected to propel the global soy protein ingredients market growth. There is a high demand for soy protein ingredients from food industries such as infant foods, bakery, and functional foods. Emerging niche markets and higher demand for soy protein ingredients are giving new opportunities in the global market.
Global Soy Protein Ingredients Market: Segmentation
The global soy protein ingredients market is categorized on the basis of the application which includes functional foods, bakery & confectionery, infant foods, meat alternatives, and dairy replacements. Based on the type, the global market is categorized as soy protein concentrates, soy protein isolates, and soy flours. Region-wise, the soy ingredients market is diversified into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa.
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Global Soy Protein Ingredients Market: Regional Analysis
North America dominates the global soy protein ingredients market, where the US is the major producer of the soy protein. Europe is the second largest region for soy protein ingredients due to the abundant availability of these products. Soy protein ingredients gained popularity owing to the rise in the cost of meat products. Europe implements restriction over meat protein sources such as gelatin which in turn opens gateways for the new growth opportunities across the world.
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Global Soy Protein Ingredients Market: Competitive Players
The global soy protein ingredients market has highly competitive players due which include Fonterra, Dupont, Shansong Biological, Solbar, Charotar Casein, Milk Specialties, Scoular, Archer Daniels Midland, Omega Protein, Kerry Group, Arla Foods, Glanbia, Dean Foods, Cargill, ABF and DMV.
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