Tejas Amale
"Soy Protein Ingredients Market is Projected to Reach at a CAGR of 6.9% by 2023, Soy Protein Ingredients Market Size, Share and Global Industry Segmented by type, application, and region"
Soy protein is gaining popularity owing to its nutritive value.
The rising demand for healthy food due to rising burden of diseases is likely to motivate the growth pattern of the soy protein ingredients market over the next couple of years.
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The noted players participating in the competitive landscape of the soy protein ingredients market are-
• Archer Daniels Midland Company (U.S.)
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The soy protein ingredient is also used to extend the shelf life of processed foods, further stimulating the growth of the soy protein ingredient market. Growing demand for vegetable protein ingredients is a major factor in the growing acceptance of soy protein ingredients. However, stringent government regulation is expected to be a major problem in the global soy protein ingredients market over the forecast period. The global soy protein ingredients market is classified based on product type, soy protein concentrates, soy protein isolates, soy flours, and others. Based on application, the global soy protein ingredients market is classified into the feed and food & beverages.
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Get more information on "Global Soybean Protein Market Research Report" by requesting FREE Sample Copy at https://www. These technological advancements have expanded the applications of soybean protein in various food and beverage products, leading to increased demand for soybean protein. Browse Global Soybean Protein Market Research Report with detailed TOC at https://www. The major players in the soybean protein market include ADM, Danisco, CHS, Scents Holding, Sojaprotein, Cargill. Purchase Complete Global Soybean Protein Market Research Report at https://www.
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The global soy protein ingredients market was valued at USD 7. Rising dairy prices, making soy protein an attractive alternative for consumers. Rising demand for texturized soy protein ingredients, catering to the growing trend of replicating meat textures in plant-based foods. Regional Insights: North America Leads the MarketNorth America dominated the soy protein ingredients market in 2022, with a valuation of USD 2. Leading Soy Protein Ingredients ManufacturersThe soy protein ingredients market features leading players, including:ADM (US)Wilmar International Ltd (Singapore)Cargill Incorporated (US)International Flavors & Fragrances Inc.
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The global soy protein market is set to offer an incremental opportunity of close to US$ 4 Bn over the next ten years. On the basis of application, soy protein holds the highest market share in food & beverages. Other important application industries of soy protein are animal feed and nutraceuticals and functional foods. The concentrate and isolate forms of soy protein are more prevalent and widely used for variety of applications in various industries. COVID-19 has had a significant impact on the soy protein market.
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The availability of soy protein in various forms and packaging has changed the dynamics of the soy protein industry in recent years. With increased awareness of soy protein ingredients as a competitive source of protein in animal feed, demand for soy protein ingredients in animal feed applications is expected to increase. The increasing availability of soy protein bars is expected to be a major driver for the global soy protein industry over the forecast period. Segmental AnalysisSoy protein isolates, soy protein concentrates, soy protein flours, and others are among the different types of soy protein available. The dominance of America in the global soy protein industry is largely due to increased soy production in South America.
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