The soy protein ingredients market is growing tremendously with increase in vegan population globally. Market Research Future, a firm which specializes in market reports related to the Food and Beverage sector among others, recently forecasted in its report on Global Soy protein ingredients Market Research Report- Forecast to 2023 that the market will demonstrate a significant growth during the forecast period.
Some of the key players profiled in the global Soy protein ingredients market are Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Cargill Incorporated (U.S.), DuPont Nutrition Health (Denmark), Wilmar International Ltd (Singapore), CHS Inc. (U.S.), Kerry Group PLC (Republic of Ireland)
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Based on type, soy protein ingredients market is segmented into soy protein isolates, soy protein concentrates, soy protein flour and others which includes soy chunks and soy grits. Based on the application, soy protein ingredients market is segmented into bakery confectionery, dairy frozen desserts, beverages, oil and fats, sweet savory snacks and others.
The Global Soy Protein Ingredients Market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the market followed by Europe. The U.S. is the major contributor for soy protein ingredients market followed by Canada in North America. High inclination of consumers towards functional food in Europe is driving the market for soy protein ingredients in this region.
Dec 2017 U.S. agricultural cooperatives are building new soybean crushing plants at the fastest rate in two decades as farmers in the world’s top producer prepare to sow another record area with soy.
Nov 2017 ADM stated that while the plant-based protein market is becoming more crowded with new sources, soy has been a long-standing player to stay relevant to consumers. For this, they will continue to invest in soy so that they have a wide range of portfolio meeting evolving consumer tastes and preferences.
Soy protein ingredients are gaining popularity in various industries such as bakery confectionery, dairy frozen desserts, beverages, oils and fats, sweet savory snacks and others owing to its high functional and nutritive value which is driving the growth of the market. Increasing vegan population and high inclination of consumers towards substitute of animal protein is boosting the growth of soy protein ingredients market.
Browse the market data and information spread across 110 pages with 20 data tables and 15 figures of the report “Soy Protein Ingredients Market Research Report- Forecast till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/soy-protein-ingredients-market-4983
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