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South Africa Soy Protein Market - Size, Trends, Competitive Analysis and Forecasts (2018-2023)

  • ID: 4614994
  • Report
  • Region: Africa, South Africa
  • 109 pages
  • Hypercube Insights
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South Africa Soy Protein Market to be worth $498 million by 2023

FEATURED COMPANIES

  • Archer Daniels Midland
  • Cargill Inc.
  • CHS Inc.
  • Devansoy Inc.
  • DowDuPont Inc.
  • Fuji Oil Co. Ltd.
  • MORE
South Africa is one of the major economy in the African region. The country’s economy is relatively matured compared to other African countries. Hence, the GDP of the country is highest amongst the countries in Africa. The soy protein industry in the country has a market share of almost 70% which is highest among all the countries in Africa. The demand for protein in the country has been growing steadily mainly because of increase in health consciousness and growing demands of vegetarian population. The market revenue of soy protein in the country currently stands at $357.6 million in 2018.

The application of soy protein across food industry is highest and has a market share of 35%. The awareness about the health-related issues such as obesity and overweight has been growing rapidly. Moreover, many experts suggest that the consumption of protein is highly beneficial for weight reduction. Hence, the demand for meat alternative such as soy protein-based sausages, chicken free nuggets, hot dogs and other products has increased in past few years. The application of soy protein across dietary supplement industry is also growing rapidly in the country, the market revenue of which is estimated to grow at a fastest CAGR of 7.7% from 2018 to 2023. High growth rate of soy protein in this industry is because of increase in demand for protein-based supplement products among the population attending gyms and fitness clubs.

Other major applications of soy protein include beverage industry and animal feed industry. Major developments have taken place in the beverage industry in last few years. The demand for healthy beverages such as protein drinks, juices, flavored water has been growing rapidly which provides soy protein manufacturers huge opportunity to develop soy-based ingredients for these products. South Africa’s industry is highly developed in terms of infrastructure and highly skilled employees. Thus, the foreign based soy protein producers are seeking to enter into the African market by setting up their based in South Africa.

Key Deliverables
  • Market trends since 2014 and five year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Archer Daniels Midland
  • Cargill Inc.
  • CHS Inc.
  • Devansoy Inc.
  • DowDuPont Inc.
  • Fuji Oil Co. Ltd.
  • MORE
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary
2.1 Market Summary by Type
2.2 Market Summary by Application
2.3 Market Summary by Geography
2.4 Business Trends Summary

3. Industry Dynamics
3.1 Drivers
3.1.1 Demand for cheaper sources of plant-based proteins
3.1.2 Increasing awareness about the health problems due to obesity
3.1.3 Strengthening demand for lactose-free, gluten free proteins
3.1.4 Accelerating demand for meat alternatives
3.1.5 Growing demand of Soy Protein from Animal feed industry
3.2 Restraints
3.2.1 Presence of allergens making it less appealing
3.2.2 Growing threat from substitute products
3.3 Opportunities
3.3.1 Growing applications in sports nutrition & weight management
3.3.2 Growth in functional food & nutraceuticals industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Soy Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast
4.1 Market Share, Type
4.1.1 Soy Protein Isolates
4.1.2 Soy Protein Concentrate
4.1.3 Soy Protein Hydrolysates
4.1.4. Textured Soy Protein
4.1.5. Others (Soy Flour, Soy Grits, Soy Chunks, Brushed Soy Protein)
4.2 Market Share, Processing
4.2.1 Ultrafiltration
4.2.2 Isoelectric precipitation
4.2.3 Enzymatic hydrolysis
4.2.4 Others
4.3 Market Share, Application
4.3.1 Food
4.3.1.3 Infant Formula
4.3.1.2 Confectionary
4.3.1.3 Bakery
4.3.1.4 Snacks
4.3.1.5 Dairy Alternatives
4.3.1.6 Meat Analogs & Substitutes
4.3.1.7 Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Animal Feed
4.3.5 Others

5. Competitive Analysis
5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Competition Pattern
5.4.1 Concentration Ratio
5.4.2 Industry Competition
5.5 Price Trend Analysis
5.5.1 Product Classifications and Their Prices
5.5.2 Factors Influencing Prices

6. Company Profiles
6.1 Archer Daniels Midland
6.2 Cargill Inc.
6.3 Wilmar International
6.4 DowDuPont Inc.
6.5 The Scoular Company
6.6 Devansoy Inc.
6.7 Kerry Ingredients Inc.
6.8 Fuji Oil Co. Ltd.
6.9 CHS Inc.
6.10 Shandong Wonderful Industrial Group Co., Ltd
6.11 Shandong Sinoglory Health Food Co., Ltd.
6.12 Crown Soya Protein Group
6.13 Farbest Brands
6.14 Biopress S.A.S.
6.15 Now Foods
6.16 Victoria Group
6.17 A Costantino & C. S.P.A.

Appendix
Sources
Disclaimer
Note: Product cover images may vary from those shown
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  • Archer Daniels Midland
  • Cargill Inc.
  • Wilmar International
  • DowDuPont Inc.
  • The Scoular Company
  • Devansoy Inc.
  • Kerry Ingredients Inc.
  • Fuji Oil Co. Ltd.
  • CHS Inc.
  • Shandong Wonderful Industrial Group Co., Ltd
  • Shandong Sinoglory Hea
Note: Product cover images may vary from those shown
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