Global Organic Soy Protein Market Industry Overview:
In Global Organic Soy Protein Market Report, Growing awareness of the benefits of soy products is anticipated to fuel the expansion of the worldwide organic soy protein market. Consumers’ increasing health consciousness is anticipated to increase demand for organic soy protein. The global move from dairy products to soy is gaining momentum and is anticipated to stimulate market expansion. Soy protein products are less expensive than similar alternatives. This will assist in increasing their sales and consumption. Soy protein is a source of complete protein and amino acids for the human body. The market for organic soy protein is also pushed by the increasing number of vegans, whose protein needs are met by this product. People suffering from chronic ailments, diabetes, and obesity also have a desire for organic soy protein. Increasing demand for organic products will also contribute to the expansion of this industry.
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The demand for organic soy proteins is fueled by an increase in physician advice for healthy eating and public awareness of the negative effects of ingesting unhealthy foods. A growing movement among consumers from meat products to soy products will also contribute to the growth of this industry between 2016 and 2026. Lactose-intolerant consumers who cannot consume milk and milk products are also boosting their demand for these items. On the other hand, the market is threatened by the availability of even cheaper non-organic soy protein. This will inhibit the expansion of the market.
Soybean protein is the cheapest form of dietary protein, often known as “complete protein” for the human body since it contains all essential amino acids. Vegans and vegetarians can satisfy their nutritional needs for protein-rich, nutrient-dense foods by consuming salad dressings, soups, faux meats, infant formula, breads, cereals, tofu, and supplements, among others. Soya is an adaptable humble bean that is used in a variety of applications, including food, hand lotion, and foam for firefighting. The dairy substitute application of organic soy protein is anticipated to experience the greatest development, followed by the meat alternative application. Organic soya protein in concentrated form is in greater demand from both consumers and manufacturers. As it has the ability to replace a considerable amount of protein in other goods without altering their flavour, texture, or colour, it is an excellent substitute. In contrast, its non-allergenic nature makes it attractive to manufacturers.
Asia-Pacific: The Region with the Fastest-Growing Market
North America is anticipated to dominate the global soy protein market in 2022, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The large share of this regional market can be attributed to a well-established food & beverage industry, rising concerns about the negative effects of animal-derived products and protein, the increasing vegan population, the growing preference for plant-based food products, the rising demand for healthy & nutritional products, the rising health & wellness trends, and the increasing consumer awareness of the health benefits of consuming soy protein.
Nonetheless, Asia-Pacific is expected to have the highest CAGR over the forecast period. The rapid market expansion in Asia-Pacific is primarily attributable to the region’s huge vegetarian population, increased awareness of the necessity of protein-rich diets, technical improvements in the food & beverage industry, and the broad availability of raw materials.
The research contains a competitive landscape based on an in-depth analysis of the key growth strategies implemented by market leaders in the soy protein industry. Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), Kerry Group plc (Ireland), International Flavors & Fragrances Inc. (United States), NOW Health Group, Inc. (United States), Burcon NutraScience Corporation (Canada), Sotexpro (France), Farbest Brands (United States), Wilmar International Limited (Singapore), CHS Inc. (United States), and De (U.S.).
Global Organic Soy Protein Market: Regional Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- Middle East and Africa