Middle East And Africa Soy Protein Ingredients Market

Middle East and Africa Soy Protein Ingredients Market Size and Growth

Middle East and Africa Soy Protein Ingredients Market was worth USD 426.6 million in 2022 and is estimated to be growing at a CAGR of 7.5%, reaching USD 612.43 million by 20267

Middle East and Africa Soy Protein Ingredients Market Overview

Soy protein is obtained from soybeans after the extraction of oil. Soy Protein is used for the fortification of many food products and as an alternative to dairy protein. It is extensively used as a meat extender and as a quality substitute for meat. This legume is one of the few plant proteins that contains all eight essential amino acids. High functional properties of the soy protein ingredient coupled with eco-friendly and natural health benefits are driving the demand of soy protein during the forecast period. Moreover, it is cost-effective than animal protein and reflects the same protein content. This is expected to enhance the adoption of soy protein across various end-use industries resulting in increasing the shelf life of processed food, so it is also considered as the most sustainable protein ingredient. This in turn boosts the market. However, the allergic nature of soy protein ingredients is restraining its growth during the forecast period. Moreover, the negative impact of genetically modified (GM) soy coupled with the availability of various alternatives such as milk proteins, pea proteins and other animal proteins is also effecting the growth of soy protein ingredients in the forecast period.

Middle East and Africa Soy Protein Ingredients Market Segmentation:

The market for Soy Protein Ingredients is broadly categorized into

• type

• application

By type the market is segmented

• Soy protein isolates,

• Soy protein concentrates,

• soy flours

Bakery and confectionery,

• meat alternatives

• functional foods

• dairy replacement

• infant foods

Middle East and Africa Soy Protein Ingredients Market

• UAE

• Israel

• KSA

• South Africa

• Egypt

Functional food segment dominates the market. On the basis of geography, the market is analysed under various regions namely Middle East and Africa.

Middle East and Africa Soy Protein Ingredients Market key Players

Archer Daniels Midland (ADM) Company,

1. Dean Foods Company

2. Armor Proteins

3. Gelita Group

4. Bunge Alimentos SA

5. Kerry Ingredients Inc.

6. Burcon NutraScience

7. Cargill Health & Food Technologies

8. E. I. du Pont de Nemours and Company

9. Kellogg Company

10. Doves Farm Foods

11. Kraft Foods Group Inc.

12. Manildra Group

13. MGP Ingredients

14. Omega Protein Corporation

15. George Weston Food