Africa Soy Protein Ingredients Market - Growth, Trends and Forecasts (2020 - 2025)

The Africa Soy Protein Ingredients Market is anticipated to register a CAGR of 3.5% during the forecast period (2020-2025).

• The Africa Soy Protein Ingredients market is driven by growing inclination toward vegan diets, the functional efficiency, the cost competitiveness offered by such plant protein products, and their increasing utilization in wide variety of processed foods, especially in the ready-to-eat product category.
• The high functional property of soy protein and its natural health benefit are boosting its market growth. There is an increase in the adoption of soy protein across several end-user industries, owing to its high sustainability.

Key Market Trends

Protein Concentrates Holds a Major Share

Soy protein concentrates contain a minimum of 70% protein on a moisture free basis. ​The soy concentrates have multiple solubility characteristics, depending on the extraction method employed. For instance, the one made with alcohol wash will have low solubility and can be increased by further processing.​ Soy protein concentrates are available in several forms, such as, granules, flours, and spray dried. Usually, a metric ton of defatted soybean flakes produces 750 kilograms of soybean protein concentrate and retains most of the fiber of the original soybean.​ Soy protein concentrate is majorly used in the meat & poultry products to increase water and fat retention, and nutritional values (more protein, less fat).

South Africa Dominates the Market

Manufacturers of South Africa are constantly embracing open innovation to gain cost-leadership and fixed suppliers in the early development stage. Plant ingredient in sports nutrition contributes to the major share in the market, segmented by application types. Animal feed is another major market by application type in the country. The changing consumer lifestyles and rising healthcare expenditure are also playing a vital role in the growth of the market. Moreover, the flourishing growth of the retail sector is escalating the growth of the market.

Competitive Landscape

Africa soy protein ingredients market is a fragmented market with the presence of various players in the market. The strategy of forming new agreements and partnerships with local players helps to increase the company’s foot print in the region and release new products according to the consumers’ changing preferences.

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