North America 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 (US, Canada and Rest of North America) - Growth, Size, Share, Trends, and Forecasts (2024 to 2029)

Updated On: January, 2024
ID: 469
Pages: 137

North America Organic Soy Protein Market Growth and Forecast (2023 - 2028):

The North America Organic Soy Protein Market has been estimated at USD 140 Million in 2022 and is projected to reach USD 270 Million by 2028, at a CAGR of 14.8% during the forecast period from 2023 to 2028.

Market Overview:

Soy proteins are mostly gluten and cholesterol free. Soy protein isolate can be found in protein bars, meal replacement shakes, bottled fruit drinks, soups and sauces, meat analogs, baked goods, breakfast cereals, and some dietary supplements.

Drivers and Restraints:

The market in North America is greatly driven due to increasing incidence of Obesity, Diabetes and other chronic diseases, which is rising the health awareness amongst the consumers. Due to this they are shifting from dairy to soy products which are much healthier, which is the main factor for increasing demand and hence, contributing to market growth. But, the cost involved in raw materials processing could slow down the market growth in this region.

North America Organic Soy Protein Market Segmentation Analysis:

The North America Organic Soy Protein Market 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.

Region Analysis:

Geographically the North America Organic Soy Protein Market is segmented into US, Canada and Rest of North America. U.S accounts for the largest share. In both U.S and Canada, there is a great shift to Soy products from Dairy, which is attracting the companies to invest in this region.

Key Players in the Market:

Major Key Players in the North America 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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