Soy Protein Ingredients Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2017 – 2025, the worldwide soy protein ingredients market was valued at US$ 8.5 Bn in 2017, expanding at a CAGR of 6.3% during the forecast period 2017 to 2025. The soy protein ingredients market is expected to reach US$ 19.8 bn by 2025.
Nowadays, there is an increased consumer inclination towards protein rich food products. This is attributed to several factors including rising number of diseases, growing number of health conscious consumers, increasing number of affluent consumers and availability of product variants across different food and beverage products. There are basically two types of proteins animal-derived and plant –derived proteins. Owing to increasing inclination of consumers towards healthy and green ingredients, plant-derived proteins are anticipated to surpass the demand for animal-derived proteins demand in the near future. Furthermore, fluctuations in prices have led to shift in consumer preferences for plant proteins. Of varied plant proteins, soy protein is expected to account for significant share in the overall protein ingredients market. This share is attributed to its major application in meat products.
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Soy protein ingredients are widely used in food and beverage applications including bakery and confectionary, processed meat products, functional foods, dairy replacers, infant foods and others. Of different application, bakery and confectionery segment is expected to dominate the market in terms of revenue share contribution. However, functional food segment is anticipated to record highest growth in the forthcoming years.
• Asia Pacific serves as potential market for soy protein ingredients due to increasing consumer inclination towards soy-based products
• Awareness among health conscious consumers
• New product launches catering to demand for soy-based products especially among vegetarians, owing to demand for protein-rich food products
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1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Soy Protein Ingredients Market Snapshot
2.1.1. Global Soy Protein Ingredients Market by Type,2015
2.1.2. Global Soy Protein Ingredients Market by Application,2015
2.1.3. Global Soy Protein Ingredients Market by Geography,2015
3. Global Soy Protein Ingredients Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges During the Forecast Period, (2016-2023)
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry
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