Soybean contains all three macronutrients — protein, fat and carbohydrates and as stated by the USDA Food Composition, for every 100g of raw soybean, there’s 36g of protein, 20g of fat and 30g of carbohydrate on average. Soy is high in protein, Vitamin C, folate and is also a good source of fibre, calcium, iron, magnesium, phosphorous, potassium, and thiamine.
Soy protein is a plant-based protein and is one of the few proteins that is made up of all the 9 essential amino acids (leucine, isoleucine, lysine, methionine, phenylalanine, threonine, tryptophan, valine, and histidine).
Moreover, soy protein is a non-GMO vegetable protein, and a perfect source of post-workout nutrition for athletes, as compared to other types of protein. It is nutritional advantages for human health, and assist in building muscles when balanced with resistance training. Producers in the soy protein market are likely to achieve considerable profits by aiming the sports nutrition sector, as athletes are more concerned about their health, strength, and stamina, and are thus seeking high protein products.
Market Dynamics- Global Soy Protein Market
Due to rising health concerns, people are inclining to plant-based protein products instead of animal protein products soy protein remains the preferable choice of consumers among all other plant-based proteins. Soy protein isolates and concentrates are utilized for numerous other applications in the meat industry, such as emulsification, emulsion stabilization, gelation, and fat and water binding. Thus, emulsified meat formulations comprising soy ingredients have a better texture appeal.
Nevertheless, the anti-nutrients and allergic nature of soy protein ingredients is limiting the growth of this market. Besides, negative impact of genetically modified soy together with availability of substitutes such milk proteins, pea proteins may hinder the market growth
Major Developments:
In September 2019, DuPont launched POWERPasta range of Soy Protein that helps maintain the eating, cooking and serving qualities. This range of Soy Protein also helps to reduce sickness after cooking, prevent overcooking and improve the shape and appearance of pasta.
Similarly, Creative Soy Protein, a cutting-edge Soy Protein product and service provider based in NY, USA, in 2019 announced the launch of several Soy Protein products to help clients with the increasing needs in diverse Soy Protein, and the newly-developed product ranges include cellulase, chitinase, and lipase
Soy Protein Market Segmental Overview
The study analyses Global Soy Protein market based on type, application and geography. The major sources of Soy Protein include oilseeds, cereals and plant resins.
- On the basis of type, soy proteins can be fragmented into protein isolates, protein concentrates and soy flours. High percentage of protein content in soy protein is likely to result in its domination over the forecast period. However, soy flour segment is also anticipated to grow substantially over the forecast period.
- The market finds application in bakery & confectionery, meat alternatives, functional foods, dairy replacers, infant foods etc. Functional foods segment is projected to accelerate the global market owing to growing health concerns for health beneficiary products. Moreover, increasing concern regarding the supply of nutritious and healthy food to children, infant nutrition segment is likely to grow at a substantial rate.
Soy Protein Market by Geography
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America is likely to account for the highest share of the total soy protein ingredients market revenue, followed by Europe and Asia-Pacific. The developed nations in North America are likely to display steady growth rate, due to increase in growth of the overall economies. Moreover, surging investments by key manufacturers is another key aspect that fuels the market growth.
However, the Asia Pacific market for soy protein is likely to be the fastest growing market led by China, India, Japan, and South Korea ad are likely to contribute significantly during the forecast period. Ease of trading across international borders in the region will positively impact the industry growth through the forecast timeframe.
Global Soy Protein Market-Key Players
The major key players included in this market are ADM, Dean Foods, Armor Proteins, Gelita Group, Bunge Alimentos, Kerry Group, Burcon Nutrascience, Cargill, DuPont, Kellogg, Kraft Foods Group, MGP Ingredients and among others.
