Soybean Protein Market Scope
Soybean protein comes from soybeans and offers multiple health benefits. Consumption of soybean protein has many health benefits and contribute to lower incidences of coronary heart diseases, atherosclerosis, type 2 diabetes, and decreased risk of certain types of carcinogenesis, among others. Furthermore, owing to the proven health benefits, the demand has been increased worldwide significantly. Soybean protein has also introduced health benefits in the application of animal feeds. And these key factors contributing to the growth of the global soybean protein market during the forecast period.
According to AMA, the Global Soybean Protein market is expected to see growth rate of 5.6% and may see market size of USD7.8 Billion by 2027.
Research Analyst at AMA estimates that United States, Chinese, and Indian Vendors will contribute to the maximum growth of Global Soybean Protein market throughout the predicted period.
Cargill Incorporated (United States), Archer Daniels Midland Company (United States), E. I. du Pont de Nemours and Company (United States), Wilmar International (Singapore), Devansoy Inc. (United States), The Scoular Company (United States), CHS Inc. (United States), FUJI OIL CO., LTD (Japan), Shandong Yuwang Ecological Food Industry Co., Ltd (China) and Ruchi Soya Industries (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Gushen Group (China), Shandong Wonderful Industrial Group (China), SINOGLORY (China), Burcon NutraScience Corporation (Canada), Crown Soya Protein Group (China), Kerry Ingredients Inc. (United States), MGP Ingredients Inc. (United States), Puris Proteins, LLC (United States), FRANK Food Products (Netherlands), AKOLA CHEMICALS (I) LIMITED (India), Taj Agro (India), Nutritionforall (India) and Medisys Biotech Private Limited (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Soybean Protein market by Type (Soybean Protein Isolates, Soybean Protein Concentrates and Soybean Protein Hydrolysates), by Application (Functional foods, Meat alternatives, Dairy alternatives, Infant formula and Others) and Region with country level break-up.
On the basis of geography, the market of Soybean Protein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Recently, ADM has invested in Production of Non-GMO High-protein Soybean Meal. This investment is expected to fulfill Europe demand and to increase soybean protein products portfolio. It will also assist to farmers for increasing regions soybean output.
- Healthy eating is increasing on consumer's agendas
- The shift from Animal-based Protein to Soy-based Protein
- Health Benefits of Soy Protein
- Technological Development for Greater Functionality and New Blends for New Applications
- Increasing Scope of Application
- Increasing Application of Soy Protein as Animal Feed
- Increasing Awareness in Asia Pacific and Latin America
- Demand Supply Imbalance Creates Inconvenience for Manufacturers
- Lack of Clarity about Other Applications in the Non-Food Sector
Key Target AudienceSoybean Protein Manufacturers, Raw Material Suppliers, Distributors, Importer/Exporters, Research Institutes, Regulatory Bodies, Government Bodies and Industry Associations