Soy Protein Market is expected to grow at a CAGR of 8.5%
According to the new market research report by IndustryARC titled “Soy Protein Market: By Type (Isolates, Concentrates, Soy flour) Application (Functional Food, Baby Food, Dairy Substitutes, Meat Substitutes, Bakery Products, Confectionery Products) Geography (North America, Europe, APAC and RoW)-Forecast (2018-2023)”, the market is driven by the new-found health awareness among populace in the recent past.
Americas held the largest market share in the soy protein Market
Americas region holds the largest market share in the soy protein Market and is anticipated to reach $4.12 billion by 2023 at a CAGR of 6.9% (or) 4.4 billion by 2018 at a CAGR of 4.9%. However, Asia Pacific witnesses the highest growth during the forecast period and is expected to reach $236.53 million by 2021 (or) 342.32 million by 2023 at a CAGR of 20.3%. The market in the Americas region is driven by the apogee of rich soy-diet due to obesity and diabetes. The key applications in this region include Bakery products and Dairy substitutes among others.
Selected Impact Analysis was done in the full report
Isolate Proteins and Concentrates are the most eminent forms of soy protein and contain 90% and 70% protein content respectively.
Soy Protein health claim on mitigating the risk of coronary heart disease has got the FDA (Food and Drug Administration) approval and thereafter copious scientific studies have continued to support the soy protein health claim.
Soy can be found in a variety of items such as pasta, cereal, salad dressings, and meat alternatives. Few cosmetics and prescription drugs also contain soy ingredients.
Excerpts on Market Growth Factors
The infant foods segment is the leading one in the Soy Protein Market, owing to the increase in demand for soy protein Market.
The infant foods segment is expected to witness the second highest growth during the forecast period
Textured Soy Protein Market is expected to witness the highest growth during the forecast period/
To access the full report browse the link below
https://industryarc.com/Report/7445/soy-protein-market-analysis.html?
Key players of Soy Protein Market:
Scoular Company (U.S.), Dupont Nutrition, and Kellogg Company are considered as key players of the market.
Product Launches alongside M&As are considered as key strategies in the market. For instance, Scoular acquires Farmers Grain Company in 2013.
Kansas Protein Foods acquired a closed CHS Foods facility in Hutchinson, KS. The company plans to upgrade the facility and restart production of soy protein products.
Americas held the largest market share in the soy protein Market
Americas region holds the largest market share in the soy protein Market and is anticipated to reach $4.12 billion by 2023 at a CAGR of 6.9% (or) 4.4 billion by 2018 at a CAGR of 4.9%. However, Asia Pacific witnesses the highest growth during the forecast period and is expected to reach $236.53 million by 2021 (or) 342.32 million by 2023 at a CAGR of 20.3%. The market in the Americas region is driven by the apogee of rich soy-diet due to obesity and diabetes. The key applications in this region include Bakery products and Dairy substitutes among others.
Selected Impact Analysis was done in the full report
Isolate Proteins and Concentrates are the most eminent forms of soy protein and contain 90% and 70% protein content respectively.
Soy Protein health claim on mitigating the risk of coronary heart disease has got the FDA (Food and Drug Administration) approval and thereafter copious scientific studies have continued to support the soy protein health claim.
Soy can be found in a variety of items such as pasta, cereal, salad dressings, and meat alternatives. Few cosmetics and prescription drugs also contain soy ingredients.
Excerpts on Market Growth Factors
The infant foods segment is the leading one in the Soy Protein Market, owing to the increase in demand for soy protein Market.
The infant foods segment is expected to witness the second highest growth during the forecast period
Textured Soy Protein Market is expected to witness the highest growth during the forecast period/
To access the full report browse the link below
https://industryarc.com/Report/7445/soy-protein-market-analysis.html?
Key players of Soy Protein Market:
Scoular Company (U.S.), Dupont Nutrition, and Kellogg Company are considered as key players of the market.
Product Launches alongside M&As are considered as key strategies in the market. For instance, Scoular acquires Farmers Grain Company in 2013.
Kansas Protein Foods acquired a closed CHS Foods facility in Hutchinson, KS. The company plans to upgrade the facility and restart production of soy protein products.
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