The Global Organic Soy Protein Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Organic Soy Protein Market is estimated to be 510 USD million and predicted to rise to 1090 USD million with a CAGR of 16.5%. The market is segmented by Type (Concentrates, Isolates, Flour), by Application (functional foods, infant formula, dairy alternatives, meat alternatives, bakery & confectionery, other applications). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Soy Protein market is mainly driven due to increase in awareness about the benefits of soy products. Also, with increasing health concerns, people are shifting to Soy products from Dairy products, because they are much healthier. With price of the soy products also being cheaper than the other similar products, the demand for soy products is increasing. But, the market growth can be hampered due high cost involved in raw material production and processing.
The Global market for Organic Soy Protein is segmented by Type and by Application. By Type, the market is further segmented as Concentrates, Isolates, and Flour. By Application, the market is further segmented as functional foods, infant formula, dairy alternatives, meat alternatives, bakery & confectionery, and other applications. Soy protein concentrates accounted for the largest market share, by type, due to their wide usage as functional or nutritional ingredients in a wide variety of food products. Functional foods segment accounts a maximum share in the market by application, by application. Increase in functional food consumption by people is driving the demand, which is leading the soy functional foods to contribute maximum to the market. The dairy alternatives application of organic soy protein is expected to grow due to increasing demand for soymilk from lactose-intolerant consumers.
Geographically, Global market for Organic Soy Protein is segmented into North America, Asia Pacific, Latin America, Europe, and Africa & Middle-East. Europe leads the market contribution with over 33% market share, due to high demand for Soy Products in the European nations. This is followed by North America, which is also indulging in shift to Soy from Dairy products. Asia-Pacific region is showing the fastest growth, with Soy gaining a great popularity due to which the demand is increasing rapidly.
The major players in the Global Organic Soy Protein Market include Harvest Innovations, Agrawal Oil & Biochem, Frank Food Products, The Scoular Company, Devansoy Inc., Biopress S.A.S., Natural Products Inc., Hodgson Mill, SunOpta, Inc., and World Food Processing.
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