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

  • ID: 4614995
  • Report
  • Region: Africa
  • 114 pages
  • Hypercube Insights
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Africa Soy Protein Market forecasted to grow at the CAGR of 6.4% during 2018-2023


  • Archer Daniels Midland
  • Cargill Inc.
  • CHS Inc.
  • Devansoy Inc.
  • DowDuPont Inc.
  • Fuji Oil Co. Ltd.
  • MORE
Africa is one of the weakest regions in the globe in terms of economic development. However, due to an increasing pace of infrastructure development and industrialization in most of the countries in the region, many experts believe that the region is going to be a hot bed for many foreign investors. The protein industry in the region is least developed in the world, but many drivers suggests that in coming years the market is estimated to capture highest growth. Most of its growth is estimated to be coming from food, beverage and dietary supplement industry. Huge untapped customer base, rapidly rising income levels, improvement in infrastructure development and high influence of trends happening in western developed countries is expected to capture the market revenue of $702.7 million by 2023, registering at a CAGR of 6.4% during the period of forecast from 2018 to 2023.

The soy protein industry in South Africa is highly developed compared to other countries in this region. Major drivers such as an increasing trend of veganism and vegetarianism, growing demand for supplement products among fitness clubs and gym hitting population and increasing population that are sensitive towards lactose and gluten drive the soy protein market in the country. However, some of the restraints such as growing market of substitute protein sources, rising concerns about the allergens in soy protein constrains the growth of soy protein market. South Africa, Egypt and Nigeria are among the fastest developing countries in the Africa. The Government in these countries are setting policies that would make it easier for global manufacturers to access the market and expand their reach across the globe.

Egypt and Nigeria possess almost similar attributes for the soy protein market growth. Increase in level of income from the middle class and lower-class population and rising demand among the high income class for supplement products that contain vegetable protein are some of the major drivers in both the countries. Though the market share of soy protein in most of the countries in the African region is lower, but with growing demand for soy protein across various segments of the industry particularly in dietary supplements and food industry would aid the market revenue of soy protein to grow rapidly in coming years.

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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  • 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 Infant Formula Confectionary Bakery Snacks Dairy Alternatives Meat Analogs & Substitutes Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Animal Feed
4.3.5 Others

5. Country Market Share
5.5 Africa
5.1.1 South Africa
5.1.2 Egypt
5.1.3 Nigeria
5.1.4 Others

6. Competitive Analysis
6.1 Market Share Analysis
6.2 Growth Strategies of leading players
6.3 Investment and Development Prospects
6.3.1 Investment in past five years
6.3.2 Investment Opportunities
6.4 Competition Pattern
6.4.1 Concentration Ratio
6.4.2 Industry Competition
6.5 Price Trend Analysis
6.5.1 Product Classifications and Their Prices
6.5.2 Factors Influencing Prices

7. Company Profiles
7.1 Archer Daniels Midland
7.2 Cargill Inc.
7.3 Wilmar International
7.4 DowDuPont Inc.
7.5 The Scoular Company
7.6 Devansoy Inc.
7.7 Kerry Ingredients Inc.
7.8 Fuji Oil Co. Ltd.
7.9 CHS Inc.
7.10 Shandong Wonderful Industrial Group Co., Ltd
7.11 Shandong Sinoglory Health Food Co., Ltd.
7.12 Crown Soya Protein Group
7.13 Farbest Brands
7.14 Biopress S.A.S.
7.15 Now Foods
7.16 Victoria Group
7.17 A Costantino & C. S.P.A.

Note: Product cover images may vary from those shown
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4 of 3
  • 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