Increasing Awareness of Healthy and Plant Based Food in Emerging Economies to Help Global Soy Protein Concentrate Market Reach $3.7 Bn by 2029, Finds TMR

Increasing Awareness of Healthy and Plant Based Food in Emerging Economies to Help Global Soy Protein Concentrate Market Reach $3.7 Bn by 2029, Finds TMR

PR Newswire

ALBANY, N.Y., Dec. 14, 2020

- In recent years, constantly changing habits and demand for new flavors and ingredients has kept the stakeholders in the food and beverage industry on their toes

- In addition to this, a dramatic shift in consuming healthy food products has helped the development of soy protein concentrate market

ALBANY, N.Y., Dec. 14, 2020 /PRNewswire/ -- Transparency Market Research has now published a new research report that offers a detailed information about the global soy protein concentrate market. The research report tries to offer meaningful and actionable insights about the key segments, prominent growth drivers, restraining factors, geographical outlook, and the current situation of the vendor landscape of the global market.

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As per the findings of the research report, the global soy protein concentrate market was valued at ~US$2 Bn in the year 2018. The market is expected grow at a CAGR of ~5% over the course of the given forecast period ranging from 2019 to 2029. Given the rate of growth, the global market is expected to reach a valuation worth ~US$3.7 Bn by the end of 2029. In 2019, the overall volume of the soy protein concentrate market was around 1.5 Mn metric tons.

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Global Soy Protein Concentrate Market – Overview

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Global Soy Protein Concentrate Market – Key Driving Factors

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Global Soy Protein Concentrate Market – Geographical Outlook

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Soy Protein Concentrate Market – Key Players

Some of the key players in the global soy protein concentrate market are Gremount International Company Limited, Archer Daniels Midland, Cargill Inc., Nordic Soy Oy, Nutra Food Ingredients LLC, Wirral International, Food Chem International Corporation, Batory Foods, Euroduna Food Ingredients, CHS Inc., and others. 

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Global Soy Protein Concentrate Market: Segmentation 

Soy Protein Concentrate Market by Grade

Soy Protein Concentrate Market by Form

Soy Protein Concentrate Market by Application

Soy Protein Concentrate Market by Function

Soy Protein Concentrate Market by Region

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Explore Transparency Market Research's award-winning coverage of the global Food & Beverages Industry,

Biotech Flavors Market - In this report, the biotech flavors market is classified on the basis of flavor, form, application, and region. The biotech flavors market in North America is expected to contribute ~US$ 1 Bn to the global biotech flavors market by the end of 2029. The beverages segment among the applications in the biotech flavors market is expected to remain dominant during the forecast period in terms of value and volume, due to high usage in the biotech flavors market. Among the form segments of biotech flavors, the liquid segment is expected to account for relatively high value and volume share of the biotech flavors market during the forecast period.

Isomaltulose Market - Non-cariogenic sugar demand, especially from the food & beverages industry and the healthcare industry, is driving the global isomaltulose market. Isomaltulose is known as non-cariogenic sugar, as oral bacteria cannot metabolize this sugar, thereby reducing the risk of mouth cancer and caries. Manufacturing companies have successfully produced products containing non-cariogenic sugar, including chocolates, milk, energy drinks, and bakery goods, among others, in response to the growing demand for non-cariogenic sugar items. In addition, rising demand for safe and non-caloric food products from fitness enthusiasts fuels the growth of the worldwide isomaltulose industry.

Texturized Vegetable Protein Market - Increasing awareness among consumers about the benefits of plant-based diets and rising demand for food & beverage products with high nutritional benefits and sensory taste are fueling the demand for texturized vegetable protein products. Approximately 14% of Australians are making a concerted effort to avoid red meat. Around 34% to 39% of urban Thai and Indonesian population have reduced consumption of animal-based protein in the past two years. This is due to the rising awareness of ethical issues linked to meat consumption and increasing focus on the detrimental health impacts of meat consumption.

Protein Ingredients Market - Transparency Market Research has recently published a new research report that provides detailed information about the inner working dynamics of the global protein ingredients market. The research report tries to shed light on the key market segments, geographical outlook, and current state of the competitive landscape of the global market. As per the research report, the global protein ingredients market is expected to showcase a highly promising CAGR of 7% over the course of the given forecast period ranging from 2019 to 2029. Initially, the market was projected to reach a valuation worth US$42.6 Bn in the year 2019. Given the rate of development, the valuation of the global market is projected to rise up to US$84 Bn by the fall of 2029.

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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