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

Israel Soy Protein Market to be worth $165 million by 2027

Israel is one of the smallest countries in terms of size. However, the economy of the country is very strong. The protein industry in the country is growing at a rapid pace for the past few years. The whey protein growth rate outperforms the soy protein market. However, with the growing demand for plant-based protein products in the country, the market revenue of soy protein is projected to grow at a CAGR of 7.3% from 2022 to 2027, to attain the value of $164.5 million by 2027. Israel is one of the most advanced nations in terms of technological developments. The food processing industry enjoys high benefits of research in the universities and the research organizations in terms of cost-effectiveness, innovation, and rapid know-how developments. All these industry attributes would help the soy protein market capture significant revenue.

Major driver for the soy protein industry in Israel is the rapidly rising popularity of plant-based protein products. Due to high demand, the soy protein market application across the food industry shares a high market share of 37%, the revenue of which is projected to grow at a CAGR of 7.4% during the forecast period to reach $59.7 million by 2027. The country's beverage industry has seen major changes in the past few years. Consumers' interest in consuming beverages rich in protein and other nutritional elements has been growing with a growing focus on obesity and weight management. Thus, both industries i.e. food and beverage, are expected to capture a good share of soy protein applications in years to come.

The dietary supplement industry in Israel is highly influenced by the trend that is prevailing in the majorly developed western countries such as the U.S., U.K., France, Canada, and Germany. The youngsters in the country regularly indulging in physical activities such as sports, gym, and recreational activities have been growing due to the high penetration of social media in the consumer's lifestyle. In addition, to lead a healthy lifestyle, the middle-aged population and some elderly population are performing yoga and other fitness activities. Such trends have resulted in a growth in the sports nutrition market, thereby creating opportunities for soy protein products. Given the consumer's attitude towards leading a healthy lifestyle, it is estimated that the market of application of soy protein across the dietary supplement industry is estimated to grow at the fastest CAGR of 7.7% during the forecast period.

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