The market for soy protein ingredients has witnessed a rapid growth in the recent past, owing to enhanced consumption of soy protein in sports nutrition and in bakery and confectionery products. The global soy protein ingredients market was valued at $7,506 million in 2016, and is projected to reach at $12,205 million by 2023, growing at a CAGR of 7.2% from 2017 to 2023, owing to rapid growth of applications and dairy products, increase in demand for soy protein ingredients from beverage industry, and rise in investments in bakery & confectionary products.
Currently, the global soy protein ingredients market witnesses numerous opportunities due to the increase in usage of dairy ingredients/alternatives among consumers globally, rise in use of soy protein ingredients as a wellness trend, and surge in high-quality protein supplements in food industry. In addition, increase in popularity of soy supplements among youngsters, rise in pediatric milk segments especially in emerging countries, and advancements in the production technologies are some key factors that accelerate the global market growth. Furthermore, Asia-Pacific and Latin America fuel the demand for soy protein ingredients, owing to increase in number of working women and health concerned population. However, undefined regulatory guidelines, fluctuating soybean prices, and issues associated with increase in number of diseases among soybean plants are anticipated to hamper the market growth during the forecast period.
The global soy protein ingredients market is segmented based on type, application, and geography. Based on type, it is classified into soy protein concentrates, soy protein isolates, and soy flours. The soy protein concentrate segment dominated the global market in 2014, and is anticipated to maintain its dominance throughout the forecast period. Based on application, it is divided into bakery & confectionery, meat alternatives, functional foods, dairy replacers, infant foods, and others. The infant foods application segment is estimated to grow at a significant CAGR of 7.7%. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for approximately than three-sevenths share of the total revenue in 2016, followed by Europe and Asia-Pacific.
Key market players have largely invested in R&D activities to develop advanced products to cater to the demand for end users. The major players in the soy protein ingredients market include:
DuPont Nutrition & Health
Archer Daniels Midland Company
Wilmar International Ltd.
Kerry Group plc.
Ag Processing Inc.
Doves Farm Foods
Kraft Foods Group Inc.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive qualitative & quantitative analysis of the current and emerging market trends, estimations, and opportunities during the forecast period to determine the prevailing market opportunities in the global soy protein ingredients market.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Comprehensive regional analysis of the market based on primary & secondary sources is provided.
Extensive analysis of the market is conducted by following key product benchmarking, positioning, and monitoring the top competitors.
The report provides extensive qualitative insights on the significant segments or regions.
It provides key insights on strategic analysis of various companies and value chain analysis of the market.
KEY MARKET SEGMENTS
Soy Protein Concentrates
Soy Protein Isolates
Bakery & Confectionery
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Other players in the value chain (profiles not included in the report) include:
Axiom Foods Incorporation
*The above list of companies is not profiled in the report, but can be added on client interest.
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model
CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
126.96.36.199. Increasing health awareness among consumers
188.8.131.52. Increase in inclination towards plant protein
184.108.40.206. Increase in the consumption of sports nutrition supplements
220.127.116.11. Undefined regulatory guidelines
18.104.22.168. Increasing number of diseases in soybean plants
22.214.171.124. Increasing awareness in Asia Pacific and Latin America
3.5. MARKET SHARE ANALYSIS, 2016 (%)
CHAPTER 4. GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY TYPE
4.1.1. Market Size and Forecast
4.2. SOY PROTEIN INGREDIENTS ISOLATE
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.3. SOY PROTEIN CONCENTRATE
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.4. SOY FLOUR
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
CHAPTER 5. GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION
5.1.1. Market Size and Forecast
5.2. BAKERY AND CONFECTIONARY
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.3. MEAT ALTERNATIVES
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
5.4. FUNCTIONAL FOODS
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast
5.5. DAIRY REPLACERS
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast
5.6. INFANT FOODS
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast
5.7.1. Key Market Trends, Growth Factors and Opportunities
5.7.2. Market Size and Forecast
CHAPTER 6. GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY GEOGRAPHY
6.1.1. Market Size and Forecast
6.2. NORTH AMERICA
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
126.96.36.199. Market size and forecast, by Application
188.8.131.52. Market size and forecast, by Application
184.108.40.206. Market size and forecast, by Application
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by Application
18.104.22.168. Market size and forecast, by Application
22.214.171.124. Market size and forecast, by Application
126.96.36.199. Market size and forecast, by Application
188.8.131.52. Market size and forecast, by Application
6.3.8. Rest of Europe
184.108.40.206. Market size and forecast, by Application
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by Application
18.104.22.168. Market size and forecast, by Application
22.214.171.124. Market size and forecast, by Application
126.96.36.199. Market size and forecast, by Application
188.8.131.52. Market size and forecast, by Application
6.4.8. Rest of Asia-Pacific
184.108.40.206. Market size and forecast, by Application
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
220.127.116.11. Market size and forecast, by Application
18.104.22.168. Market size and forecast, by Application
6.5.5. South Africa
22.214.171.124. Market size and forecast, by Application
6.5.6. Rest of LAMEA
126.96.36.199. Market size and forecast, by Application
CHAPTER 7. COMPANY PROFILES
7.1. DUPONT NUTRITION AND HEALTH
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Business Performance
7.1.5. Key Strategic Moves and Developments
7.2. ARCHER DANIELS MIDLAND COMPANY
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Business Performance
7.2.5. Key Strategic Moves and Developments
7.3. CARGILL INCORPORATED
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Business Performance
7.3.5. Key Strategic Moves and Developments
7.4. WILMAR INTERNATIONAL LIMITED
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Business Performance
7.4.5. Key Strategic Moves and Developments
7.5. CHS INC.
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Business Performance
7.5.5. Key Strategic Moves and Developments
7.6. KERRY GROUP PLC
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Business Performance
7.6.5. Key Strategic Moves and Developments
7.7. AG PROCESSING INC.
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Business Performance
7.7.5. Key Strategic Moves and Developments
7.8. KELLOGG COMPANY
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments
7.9. DOVES FARM FOODS
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Business Performance
7.9.5. Key Strategic Moves and Developments
7.10. KRAFT FOODS GROUP INC.
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Business Performance
7.10.5. Key Strategic Moves and Developments
Soy proteins are derived from soybean meal, which has been defatted & dehulled. Defatted & dehulled soybeans are processed into three types of high-protein commercial products, namely, soy protein concentrates, soy protein isolates, and soy flours.
Currently, the global soy protein ingredients market is witnessing numerous opportunities due to increase in awareness among consumers for protein healthy diet. Moreover, soy protein concentrate is a nutritional supplement manufactured after the soy is dehulled & defatted. Soy protein concentrate is obtained upon the removal of certain percentage of non-protein constituents from the raw soymeal. The percentage of protein in lower end concentrates ranges from 30% to 90%. In addition, consumption of soy protein concentrate powder as a supplement has increased, owing to regular recommendations by dieticians & doctors in response to a wider set of customers demand for protein supplements in their diets. Rise in prevalence of alternatives, such as whey protein ingredients and increase in inclination of consumers toward high-quality animal protein are some factors anticipated to hamper the market growth.
The functional foods segment accounted for around one-fifth share, in terms of volume, in 2016. In response to the perennial modifications, such as brining, baking, and texture of soy products among the bakery & confectionery industry and meat alternatives, soy protein ingredients are in high demand globally. Thus, increase in demand for soy protein concentrates, especially in sports nutrition as protein supplements, fuels the market growth.
Key Findings of the Soy Protein Ingredients Market:
In terms of volume, the infant foods segment is projected to grow at the highest rate of 6.5% during the analysis period.
North America is projected to grow at a CAGR of 5.8%, in terms of volume, and maintain its lead throughout 2023.
Meat alternatives application segment occupied approximately one-fifth of the total market in 2016.
China occupied for more than one-fourth of the total Asia-Pacific market in 2016.
In terms of value, India is expected to grow at a CAGR of 7.8% from 2017 to 2023.
In 2016, Asia-Pacific and Europe collectively accounted for approximately half of the total soy protein ingredients market, and are expected to continue this trend, owing to increase in soymeal production and rise in demand for higher protein containing products, specifically in China, India, Japan, Brazil, and other developing countries. Moreover, rise in number of working women demanding soy proteins for infant foods and increase in use of soy protein ingredients in bakery & confectionary industry to boost the protein content of products are the key factors that drive the growth of soy protein ingredients market.
The key companies profiled in the report include DuPont Nutrition & Health, Archer Daniels Midland Company, Cargill Incorporated, Wilmar International Ltd., CHS Inc., Kerry Group plc., Ag Processing Inc., Kellogg Company, Doves Farm Foods, and Kraft Foods Group Inc.
- Dupont Nutrition & Health
- Archer Daniels Midland Company
- Cargill Incorporated
- Wilmar International Ltd.
- Chs Inc.
- Kerry Group Plc.
- Ag Processing Inc.
- Kellogg Company
- Doves Farm Foods
- Kraft Foods Group Inc.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.