The Global Soluble Soybean Polysaccharides (SSPS) Market was valued at USD 2,237.6 million in 2020 and it is expected to register a CAGR of 9.7% over the forecast period. Increased dietary fiber consumption has a wide range of health benefits, including lower blood cholesterol, lower risk of diabetes, and increased laxation. SSPS is one of the dietary fibers derived from okara, a by-product of soy processing. Hence, it is widely used as raw material for dietary supplements. It can be consumed as dairy-based products, thickened milkshake-style beverages, puddings, and low-fat ice creams.
Secondary and primary research are combined to create a unified research report. The analyst's talent is methodically sifting through huge volumes of available information to provide a well-argued industry perspective that is broad in scope due to its breadth of sources. This proven research approach, along with the opinions of industry experts results in an accurate and objective market study.
The global soluble soybean polysaccharides (SSPS) market has been segmented by type, product, application, and region.
North America, Europe, Asia Pacific, Middle East, & South America segmented the Global Soluble Soybean Polysaccharides (SSPS) Market on a regional basis. Some of the major markets in North America and Europe are also typical suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. The major companies in this market have their headquarters in North and Europe.
North America, Europe, Asia Pacific, the Middle East & Africa, and South America make up the global soluble soybean polysaccharides (SSPS) market. North America held the largest proportion of the worldwide soluble soybean polysaccharides (SSPS) market in 2020, and it is projecting a growth of 30.9% over the forecast period.
South America and Africa has a strong potential for the Global Soluble Soybean Polysaccharides (SSPS) Market. There have been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the Global Soluble Soybean Polysaccharides (SSPS) Market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.
Conclusion: The goal of the study is to define the market sizes in recent years for the different segments & countries and to forecast the values. The aim of the market analysis is to incorporate both the qualitative and the quantitative aspects of the market within the report in each of the regions and countries involved. Moreover, the report also provides comprehensive information on key aspects, such as threats and driving factors, which will affect the future growth of the industry.
Secondary and primary research are combined to create a unified research report. The analyst's talent is methodically sifting through huge volumes of available information to provide a well-argued industry perspective that is broad in scope due to its breadth of sources. This proven research approach, along with the opinions of industry experts results in an accurate and objective market study.
The global soluble soybean polysaccharides (SSPS) market has been segmented by type, product, application, and region.
- Based on type, the market is bifurcated into type B (medium viscosity) and type A (low viscosity). In 2020, the type A (low viscosity) segment accounted for the largest share of 74.6% in the global soluble soybean polysaccharides (SSPS) market.
- Based on product, this market is classified into galactose, arabinose, galacturonic acid rhamnose, and others. In 2020, the galactose segment accounted for the largest share of 39.9% in the global soluble soybean polysaccharides (SSPS) market.
- Based on application, this market is divided into lactic acid beverage, rice and flour products, biomedicine, and others. In 2020, the lactic acid beverage segment accounted for the largest share of 47.9% in the global soluble soybean polysaccharides (SSPS) market.
Regional segmentation and analysis to understand growth patterns:
North America, Europe, Asia Pacific, Middle East, & South America segmented the Global Soluble Soybean Polysaccharides (SSPS) Market on a regional basis. Some of the major markets in North America and Europe are also typical suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. The major companies in this market have their headquarters in North and Europe.
North America, Europe, Asia Pacific, the Middle East & Africa, and South America make up the global soluble soybean polysaccharides (SSPS) market. North America held the largest proportion of the worldwide soluble soybean polysaccharides (SSPS) market in 2020, and it is projecting a growth of 30.9% over the forecast period.
South America and Africa has a strong potential for the Global Soluble Soybean Polysaccharides (SSPS) Market. There have been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the Global Soluble Soybean Polysaccharides (SSPS) Market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.
Reasons to Buy This Report:
- Market size estimation of the Global Soluble Soybean Polysaccharides (SSPS) Market on a regional and global basis
- Unique research Usage for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
- 2500+ data points in 60+ tables with focus on historic demand, estimated demand, and demand forecast
- Impact of COVID-19 on demand estimation & forecasts (2020 onward)
- Separate analysis of each segment to understand market deviation due to Covid-19 from 2020 onwards
- Coverage across 5 major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Country level demand of the 25+ major markets with key trends & factors influencing the same
Key Factors Impacting Market Growth:
- An increasing number of Global Soluble Soybean Polysaccharides (SSPS) Market.
- Highly fragmented and competitive industry
- The rise in alternative Global Soluble Soybean Polysaccharides (SSPS) Market.
Conclusion: The goal of the study is to define the market sizes in recent years for the different segments & countries and to forecast the values. The aim of the market analysis is to incorporate both the qualitative and the quantitative aspects of the market within the report in each of the regions and countries involved. Moreover, the report also provides comprehensive information on key aspects, such as threats and driving factors, which will affect the future growth of the industry.
Table of Contents
1 Market Abstract
2 Market Introduction
3. Research Practice
4 Key Related Data
5 Impact Factor Analysis
6 Market Development Analysis
7 Global Soluble Soybean Polysaccharides (Ssps) Market, by Type
8 Soluble Soybean Polysaccharides (Ssps)Market, by Product
9 Soluble Soybean Polysaccharides (Ssps)Market, by Application
10 Soluble Soybean Polysaccharides (Ssps) Market, Regional Analysis
11 Company Profile
12 Appendix
List of Tables
List of Figures
Executive Summary
The water-soluble, soluble soybean polysaccharide (SSPS) is extracted and processed from soybean. SSPS is predominantly made up of dietary fiber from the soybean cotyledon and has low viscosity and high aqueous stability. Increased dietary fiber consumption has a wide range of health benefits, including lower blood cholesterol, lower risk of diabetes, and increased laxation. SSPS is one of the dietary fibers derived from okara, a by-product of soy processing. Hence, it is widely used as raw material for dietary supplements. It can be consumed as dairy-based products, thickened milkshake-style beverages, puddings, and low-fat ice creams.The use of SSPS resulted in refreshing acidic milk beverage developments like soft drinks, with no milk protein precipitation. They are used in many beverages sold in polyethylene terephthalate (PET) bottles because they resist precipitation and degradation of appearance even when stored for long periods. Their roles aren't only limited to beverages; they're also widely used in frozen confections, desserts, and other items.
Rice and noodles can benefit from soluble soybean polysaccharides. Rice cooked with SSPS is less likely to become hard even when stored in the refrigerator because they retain surface moisture. Soluble soybean polysaccharides also aid in preventing noodle clumping. Soluble soy polysaccharides are extensively used in rice and noodle dishes sold in grocery stores and supermarkets because of these benefits. They are also used to prevent protein coagulation and precipitation under acidic conditions in addition to their oil-water emulsifying properties. In applications such as drinking yogurt, SSPS can stabilize milk proteins under acidic conditions, avoiding casein aggregation and precipitation.
Due to various unique physical properties, SSPS are used in various functional food applications. For example, SSPS has a high adhesive strength that allows it to be used as a binder in various food applications. SSPS also can form film and can be used to create a colorless, water-soluble edible film for food applications. They are also utilized to soften the texture of many food products, such as breads, meats, cakes, and cream sauces. All the aforementioned factors are expected to propel the global soluble soybean polysaccharides (SSPS) market growth during the forecast period.
The global soluble soybean polysaccharides (SSPS) market was estimated to be USD 2,237.6 million in 2020 and register a CAGR of 9.7%, reaching USD 4,703.9 million by 2028. But due to the COVID-19 impact, the estimated market size in 2020 has come down to USD 2,145.5 million and is projected to register a CAGR of 5.3% to hit USD 3,255.3 million by 2028.
The global soluble soybean polysaccharides (SSPS) market has been segmented by type, product, application, and region.
Based on type, the market is bifurcated into type B (medium viscosity) and type A (low viscosity). In 2020, the type A (low viscosity) segment accounted for the largest share of 74.6% in the global soluble soybean polysaccharides (SSPS) market. This segment was estimated to be USD 1,668.4 million in 2020, and register a CAGR of 10.2% during the forecast period, reaching USD 3,637.4 million by 2028. But due to the COVID-19 impact on the market, the estimated value of the type A (low viscosity) segment in 2020 has come down to USD 1,599.8 million and is projected to register a CAGR of 5.8% during the forecast period to hit USD 2,517.3 million by 2028.
Most of the major players have adopted low viscosity soybean polysaccharides (SSPS) to create their products, such as acidic milk drinks and yogurts, as low viscosity offers excellent protein stability and a refreshing taste. The SSPS aqueous solution has a low viscosity and is suitable for use in a low-viscosity protein-containing beverage, and it does not reduce its good stabilizing effect even in a calcium-enriched nutrient-fortified beverage.
Based on product, this market is classified into galactose, arabinose, galacturonic acid rhamnose, and others. In 2020, the galactose segment accounted for the largest share of 39.9% in the global soluble soybean polysaccharides (SSPS) market. This segment was estimated to be USD 894.3 million in 2020, and register a CAGR of 11.3% during the forecast period, reaching USD 2,105.4 million by 2028. But due to the COVID-19 impact on the market, the estimated value of the galactose segment has come down to USD 857.5 million in 2020 and is projected to register a CAGR of 6.9% during the forecast period to reach USD 1,457.0 million by 2028.
The galactose segment is expected to grow with the highest CAGR during the forecast period. The soluble soybean polysaccharides (SSPS) contain maximum galactose content as compared to others. Due to the growing use of soluble soybean polysaccharides (SSPS) in yogurt, fermented milk drinks, acidic milk drinks, cakes, and cream sauces, and others, galactose has the highest demand among others.
Based on application, this market is divided into lactic acid beverage, rice and flour products, biomedicine, and others. In 2020, the lactic acid beverage segment accounted for the largest share of 47.9% in the global soluble soybean polysaccharides (SSPS) market. This segment was estimated to be USD 1,072.5 million in 2020, and register a CAGR of 10.7% during the forecast period, reaching USD 2,421.5 million by 2028. But due to the COVID-19 impact on the market, the estimated value of the lactic acid beverage segment has come down to USD 1,028.4 million in 2020 and is projected to register a CAGR of 6.3% during the forecast period to reach USD 1,675.8 million by 2028.
By application, the lactic acid beverage segment is expected to grow substantially over the forecast period. Its wide range of applications include fermented milk drinks, acidic milk drinks, soda milk drinks, yogurt, dairy-based products, thickened milkshake-style beverages, puddings, low-fat ice cream, among others.
Based on region, the global soluble soybean polysaccharides (SSPS) market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. In 2020, North America accounted for the largest share of 30.9% in the global soluble soybean polysaccharides (SSPS)market. This segment was estimated to be USD 690.5 million in 2020, register a CAGR of 10.2% during the forecast period, reaching USD 1,502.1 million by 2028. But due to the COVID-19 impact on the market, the estimated value of the North America has come down to USD 662.1million in 2020 and is projected to register a CAGR of 5.8% during the forecast period to reach USD 1,039.5 million by 2028.
North America dominated the market in 2020 with the highest market share. This growth is attributed to factors, such as shifting lifestyles, a lack of healthy dietary intake, and global manufacturers' increased emphasis on R&D to develop new kinds of soy-protein-enriched products with soluble soybean polysaccharides (SSPS) as an ingredient. The United States continues to dominate the market, followed by Canada and Mexico. Owing to increased demand for organic and plant-based products and an increase in the number of counterfeit products on the market, consumers in the region are moving to more dietary supplements product, thereby driving the soluble soybean polysaccharides (SSPS) market growth.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Fuji Oil Holdings Inc.
- Yiming Biological Products Co. Ltd
- Pingdingshan Jinjing Biological Technology Co. Ltd
- Kowa Company Ltd
- Gushen Biological Technology Group Co. Ltd.
- Bio Nutrients India Pvt. Ltd.
- Shandong Yuwang Ecological Food Industry Co. Ltd
- Fos GmbH
- Linyi Shansong Biological Products Co. Ltd
- Jrs Pharma
- Creative Enzymes
- Guangzhou Fofiber Biological Industry Co. Ltd
