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Middle East And Africa Organic Soy Protein Market By Type (Concentrates, Isolates, Flour), By Application (functional Foods, Infant Formula, Dairy Alternatives, Meat Alternatives, Bakery & Confectionery, Other Applications), and By Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) – Size, Share, Trends, Growth, Forecast 2022 to 2027

Published: January, 2022
ID: 473
Pages: 130
Formats: report pdf report excel report power bi report ppt

Middle East and Africa Organic Soy Protein Market Growth and Forecast;

Middle East and Africa Organic Soy Protein Market are currently valued at 30 Million USD in 2020, which is expected to grow at a CAGR of 15.98% over the forecast period to reach 51 Million USD in 2026.

Market Overview:

Soy protein is the least expensive dietary protein source, often referred to as 'complete protein' for a human body that contains amino acid. Today's supermarket aisle is filled with a range of vegan or vegetarian meat options to satisfy their daily need for protein-rich, nutritious foods such as salad dressings, soups, processed meats, baby formulas, bread, cereals, tofu, and supplements. From nutrition types to hand lotion to firefighting foam, soy is a flexible, modest bean. According to a wide range of applications, the dairy substitute use of organic soy protein is expected to have a significant increase accompanied by alternative use of beef. The concentrated type of natural soy is comparatively in higher demand, both from the customer and the producer, as it can act as a protein alternative without affecting their taste, texture, and colour. Whereas it has a non-allergic character, which makes it favourable to the manufacturer.

Market Drivers And Restraints:

The growing popularity of organic foods among healthy consumers is another driving force behind the Middle East and Africa Organic Soy Protein market.

Drivers:

The market growth is because of the increased awareness amongst the customers regarding benefits associated with the soy protein products. Growing health awareness among consumers is expected to increase demand for the Middle East and Africa Organic Soy Protein. The transition trend from dairy to soy is gaining attention around the world and is expected to drive the Middle East and Africa Organic Soy Protein market growth. The Middle East and Africa Organic Soy Protein market are also transforming into an increasingly vegetarian population while meeting the demand for protein. The growing popularity of organic products will also help the growth of the Middle East and Africa Organic Soy Protein market. An increase in doctors' recommendations about healthy eating habits and an increase in consumer awareness of the side effects of consuming unhealthy foods is increasing the demand for organic soy protein from the Middle East and Africa region. The increased movement of consumers from meat products to soy products will help the Middle East and Africa Organic Soy Protein market to grow between 2021 and 2026. Demand for these products is also increasing from lactose intolerant consumers and cannot consume milk or soy. Obesity, diabetes, and other chronic diseases occur in a significant proportion of the population due to inadequate modern lifestyles. People are more aware of the side effects of modern lifestyles and prefer preventive measures to treatment. This shift from traditional dairy and meat products to soy products is a major factor in the growth of the Middle East and Africa Organic Soy Protein market. The growing popularity of organic foods among healthy consumers is another driving force behind the Middle East and Africa Organic Soy Protein market. As awareness of the benefits of soy products increases, the Middle East and Africa Organic Soy Protein market are expected to expand. Growing health awareness among consumers is expected to increase demand for the Middle East and Africa Organic Soy Protein. The transition trend from dairy to soy is gaining attention and is expected to drive the Middle East and Africa Organic Soy Protein market expansion. The rates for soy protein products are cheaper than similar ones. This will help drive sales and consumption. The market for organic soy protein has also been nurtured by a growing number of people turning to vegetarians for their protein needs. Organic soy protein is also necessary for people affected by diabetes, chronic diseases, and obesity. The growing popularity of organic products will also contribute to the expansion of the Middle East and Africa Organic Soy Protein market. The growing movement of consumers from meat products to soy products has positively predicted the growth of the Middle East and Africa Organic Soy Protein market. Technological advancements and increasing R&D activities by key players for the development of innovative and profitable organic products are expected to create new opportunities in terms of revenue for companies operating in the Middle East and Africa Organic Soy Protein markets during the forecast period. It is also expected to further support the growth in sales of the Middle East and Africa Organic Soy Protein market as mergers and acquisitions between local and international players increase.

Restraints:

Factors such as the availability of cheaper non-organic soy protein are limiting the growth of the Middle East and Africa Organic Soy Protein market. Additionally, the high cost and low consumer perception of organic proteins are potential constraints hampering the overall growth of the Middle East and Africa Organic Soy Protein market. In addition to experiencing unprecedented market growth, organic soy protein faces competition from non-organic soy food sources and other organic oil and fat seed products such as flax and sunflower.

Middle East and Africa Organic Soy Protein Market Segmentation Analysis:

By Type:

  • Concentrates
  • Isolates
  • Flour

By Application:

  • Functional Foods
  • Infant Formula
  • Dairy Alternatives
  • Meat Alternatives
  • Bakery & Confectionery
  • Other Applications

The segment of isolates is projected to grow at a higher rate in terms of both value and volume during the forecast period. This is due to the increasing demand for isolates from producers of soy protein products.

The dairy alternative segment is projected to grow at the highest rate during the forecast period. The functional foods segment dominated the organic soy protein market due to the high nutritional value of the this protein.

Region Analysis:

Geographically the Middle East and Africa Organic Soy Protein Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA.Industries are increasingly reaching untapped markets in the Middle East and African areas, increasing the use and recognition of soy products.

The Middle East and Africa have a constant demand for organic soy protein. With a mature and organized retail sector, South Africa is expected to gain a large share in the African region by increasing shelf space for Organic Soy Protein products. Therefore, consumers are increasingly buying Organic Soy Protein and supplements to meet their nutritional needs and stay healthy.

Key Market Players:

Major Key Players in the MEA Organic Soy Protein Market are

  • Harvest Innovations
  • Agrawal Oil & Biochem
  • Frank Food Products
  • The Scoular Company
  • Devansoy Inc
  • Biopress S.A.S
  • Natural Products Inc
  • Hodgson Mill
  • SunOpta, Inc
  • World Food Processing
 

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