Global Soy Protein Ingredients Industry was valued at USD 8.9 Billion in the year 2018. Global Soy Protein Ingredients Industry is further estimated to grow at a CAGR of 7.5% from 2018 to 2025 to reach USD 15.81 Billion by the year 2025. North America region holds the highest industry share in 2018 and is considered as the fastest growing industry in the forecasted period due to steady growth rate and increasing economies in these regions. At a country level, developed markets like the U.S., European nations as well the emerging markets like Latin America and Indian holds the notable industry share in 2018 and it is projected to grow at a strongly in the coming years.
Global Soy Protein Ingredients Industry Share and Size by 2025 (USD Billion)
The utilization of soy protein ingredients in baby food has seen real improvements, because of constant development in per capital disposable income and increasing demand for soy protein ingredients. The baby food segment is growing at a CAGR of 7.7% during forecast period. Expanding expenses and threat of substitutes are relied upon to influence the general market development in the developed and the developing nations. Besides, investment in R&D activities to produce cost effective and high in nutrition soy protein ingredients are expected to give chances to development later on.
By product type, soy protein isolates segment holds the highest industry share among other product types. On the other hand, infant food by application for this industry is expected to grow at the highest CAGR during the year 2018-2025. The infant food segment holds the substantial industry share because of its high demand and rising awareness with efficient cost.
Major market players in Soy Protein Ingredients Industry are DuPont Nutrition & Health (Denmark), Archer Daniels Midland Company (U.S), Kellogg Company (U.S), Cargill Inc. (U.S), Burcon NutraScience Corp. (Canada), Armor Proteins (France), George Weston Foods (Australia), Wilmer International (Singapore), Ag Processing Inc. (U.S), Doves Farm Foods (U.K), and a brief overview of another 13 companies is also provided.
SWOT Analysis of Soya Protein Ingredients:
Increasing health consciousness and fitness among people.
Providing better protein content than dairy.
Undefined government regulations
Increasing investment opportunity in APAC & Latin America.
Innovations in technologies for better soy products.
Substitute soy products like egg white powder & goat milk
Soy Protein Ingredients Industry Segmentation:
Soy Protein Ingredients Industry, By Type
Soy Protein Ingredients Industry, By Application
Soy Protein Ingredients Industry, By Region