Japan Soy Protein Market- Size, Trends, Competitive Analysis and Forecasts (2022-2027)

Japan Soy Protein Market forecasted to grow at the CAGR of 6.9% during 2022-2027

Japan is one of the highly developed countries in the APAC region. The country is known for its state-of-the-art know-how and technologically advanced processing techniques. Food processing companies in Japan always stay at the forefront in terms of innovation. The close collaboration of the companies in Japan with the leading research institute and universities aids in a high rate of innovation. The soy protein industry in the country is highly developed in terms of processing. The demand for soy protein across various industry segments is very high; however, alternate protein types constrain the soy protein market. Presently, Japan shares around 21% of the APAC soy protein market. Given the size of the country, this high percentage share indicates a huge protein consumption in the country.

Soy protein in Japan is projected to grow at a CAGR of 6.9% during the forecast period 2022 to 2027, to attain a value of $788.8 million by 2027. Major driver for the rapid rise in the soy protein market is the rising adoption rate of the vegan and vegetarian lifestyle. In addition, consumers in Japan are highly conscious of their physical health and wellbeing. Hence, the demand for organic, healthy, and natural ingredients containing food and beverage products is very high. Another driver is rising awareness about serious health-related problems such as obesity, heart diseases. Since protein is beneficial in reducing the body's weight, the demand for high protein-containing energy drinks, juices, smoothies, shakes, and other weight management products is growing.

The application of soy protein across the dietary supplement industry is forecasted to grow at the highest CAGR of 7.6% during the forecast period. The high demand for soy protein across the dietary supplement industry is due to a growing trend of regularly attending gym and fitness sessions among youngsters. Even the middle-aged population in the country are highly committed to leading a healthy lifestyle by regularly working out and indulging in sports activities. These trends in the country have resulted in growing market revenue for the sports nutrition industry, which has led to an increase in demand for supplement products.

Fuji Oil Co. Ltd is one of the major soy protein producers in the country. Other producers in the country are also growing rapidly, which is expected to intensify competition in the soy protein industry. Given the high potential of the soy protein market in the Asia-Pacific region, Japanese soy protein producers are implementing various strategies to expand their operation across emerging markets.

Key Deliverables

• Market trends since 2018 and five year forecasts of market growth
• Detailed analysis of the micro and macro elements influencing demand trends
• Identifying opportunity spaces across segments
• Supply & demand side trend and analysis
• Price trend analysis, investment prospects, and competition pattern
• Insights on the growth potential of the market
• Detailed analysis of major producers covering financial investments & strategies adopted
• Competitive landscape of the industry