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

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  • 106 Pages
  • February 2022
  • Region: Japan
  • Hypercube Insights
  • ID: 5544277

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

Table of Contents

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
3. Industry Dynamics
3.1 Drivers
3.1.1 Demand for cheaper sources of plant-based proteins
3.1.2 Increasing awareness about obesity-related health problems
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. 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.
  • Sources
  • Disclaimer

Companies Mentioned

  • 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 Health Food Co., Ltd.
  • Crown Soya Protein Group
  • Farbest Brands
  • Biopress S.A.S.
  • Now Foods
  • Victoria Group
  • A Costantino & C. S.P.A.