Superior functional and nutritional role, sustainable food/protein source and consumer awareness about the health benefits of soy protein are the major drivers of global soy protein market.
“Global Soy Protein Market Outlook 2024”
The global soy protein market was valued at USD 7.5 billion for 2016 and tends to grow at a CAGR of 7.5% during the forecast period and reach a valuation of approximately USD 13.5 billion by 2024.
Soy protein isolates dominates the global soy protein market followed by other categories.
Geographically, North America accounts for the largest market share in terms of revenue followed by Europe owing to its nutrient content.
Benefits of Soy Protein
Soy protein originated from soybean along with multiple health benefits, some of which are about to be discovered. Soy contributes for health promotion in pregnancy, cardiac issues, obesity & diabetes, cancer prevention and menopause. Vegetarians & vegans get their vitamin B12 from soy protein and infants born with lactase deficiency or galactosemia benefit from the use of soy protein as well.
“Global Soy Protein Market Outlook 2024” contains detailed overview of the global soy protein market in terms of market segmentation by product type and application.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global soy protein market report also provides competitive outlook for some of the major players which includes profiling of companies such as Cargill Inc, Archer Daniels Midland Company, DuPont Nutrition and Health, Wilmar International, Sojaprotein, IMCOPA, Gushen Biological Technology Group, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global soy protein market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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