Global Soy Protein Ingredients Market To Grow At A CAGR Of 6.98% From 2021 To 2027 – Axiom MRC
Axiom Market Research & Consulting, added a report on the Global Soy Protein Ingredients market. The study covers analysis of economic indicators of major countries along with GDP, impact of COVID-19 on global food ingredients industry, government policies, business investments, key marketing strategies etc. The Global Soy Protein Ingredients market is projected to grow at a CAGR of 6.98% over the forecast period of 2021 to 2027. The market is estimated and forecasted in terms of revenue (USD million).
The Global Soy Protein Ingredients market is analyzed based on type, application and geography. The various types of soy protein ingredients include soy protein concentrates, soy protein isolates and soy protein flours. These products find application into bakery & confectionery, meat alternatives, functional foods, dairy replacers, instant foods etc. The market is studied across major countries of North America, Europe, Asia Pacific and Rest of the World.
Increasing consumption of processed foods and inclusion of western influences in food diets have resulted in increased demand for soy protein ingredients market. Growing demand for efficient and cost-effective meat alternatives across infants is another key issue fueling the demand for soy protein ingredients across the globe. However, its anti-nutrients and allergic nature of soy protein ingredients is limiting the growth of this market. Besides, negative impact of genetically modified soy coupled with the availability of various alternatives such as milk proteins, pea proteins and other animal proteins are also affecting the growth of the soy protein ingredient market for the forecast period.
The major companies operating in the Soy Protein Ingredients market include ADM (U.S.), Dean Foods (U.S.), Armor Proteins (France), Gelita Group (Germany), Bunge Alimentos (U.S.), Kerry Ingredients (Ireland), Burcon Nutrascience (Canada), Cargill Heath (U.S.), DuPont (U.S.), Kellogg (U.S.), Doves Farm Foods (U.K.), Kraft Foods Group (U.S.), Manildra Group (Australia), MGP Ingredients (U.S.), Omega Protein Corp (U.S.), George Weston Foods (Australia) and among others.