Published on : Jan 02, 2018
Albany, New York, January 2, 2018: With consumers becoming better informed about nutrition, the food processing industry has adopted formulas that meet the changing marketplace demands. When it comes to nutritional food, soy protein is highly marketed as a healthy choice for daily nutrition. A recent study, focusing on soy protein concentrate has been added to the massive database of Market Research Hub (MRH), which delivers a detailed study covering its key dynamics comprehensively, along with key trends impacting the market expansion. The title of the study is “Soy Protein Concentrate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2026”, which provides readers with a complete analysis of the global market through the detailed assessment of the segmentation of the soy protein concentrate and the market’s competitiveness by profiling leading market players.
Soy protein concentrate is made by removing a portion of the carbohydrates (sugars) from dehulled and defatted soybeans. Some of the major application, where it is highly in demand are meat processing, animal feed, bakery and confectionery; and others. Animal feed is expected to remain the most lucrative application of soy protein concentrate. As per the study key highlights, the global market for soy protein concentrate to showcase a steady rise during the forecast period, 2017 to 2026. Also, global sales of soy protein concentrates are estimated to account for roughly US$ 4,400 Mn revenues by the end of 2026.
Presently, shifting consumer demand for high protein and nutrients food products is likely to play a fundamental role in adoption of efficient and better sources such as soy protein concentrate among manufacturers. It has been analyzed that majority of health- and diet-conscious consumers are most likely to increase in the near future, resulting in increased demand for calorie-controlled & tailored nutritional foods. This will further accelerate demand for soy protein concentrate as an economical and highly nutritious food product. The research also finds that rise in vegan population, soaring meat prices, and prevention of animal sources for manufacturing processed food products by various governments worldwide are some of the crucial factors that are impacting market growth rapidly.
In order to explain the intensity of competition in the market, the report has been segmented geographically into major regions including North America, Europe, Asia Pacific excluding Japan, Latin America, and the Middle East and Africa. As per the evaluations, Asia-Pacific excluding Japan (APEJ) and Europe will continue to be the most lucrative market for soy protein concentrate in terms of revenue. One of the prime reason behind this regional growth includes rising awareness about plant-based & healthy food products in the region. North America is also expected to account for a major portion of the market’s revenue share.
Later, the report covers detailed competitive view that includes market share and profiles of crucial players operating in the global market. Key players include Nordic Soy Oy, Archer Daniels Midland, Cargill Inc., Wirmal International, Gremount International Company Limited, Food Chem International Corporation, Batory Foods, Nutra Food Ingredients LLC, Euroduna Food Ingredients, and CHS Inc.
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