Market for soy protein ingredients is estimated to be USD 7.11 billion in 2015

“Soy protein ingredients market is categorized by type—soy protein isolates, soy protein concentrates, and soy flours—which are used as inputs in bakery & confectionery products, meat alternatives, functional foods, soy milk, and infant foods. The application of soy protein ingredients is mainly based on the food industry.

Leading companies in the soy proteins ingredients market are continuously developing new products to serve customers with better nutritional quality. Thus, the soy protein ingredients market has been gaining global acceptance among consumers. The leading players in this market are Archer Daniels Midland Company (U.S.), DuPont Nutrition & Health (U.S.), Cargill, Incorporated (U.S.), Wilmar International Ltd (Singapore), CHS Inc. (U.S.), Kerry Group plc (Ireland), and Ag Processing Inc. (U.S.). These players have been adopting various strategies to grow and develop in the soy protein ingredients market. New product developments and launches and infrastructural expansions have been the key strategies adopted by market players for global expansion.

The market for soy protein ingredients is estimated to be USD 7.11 billion in 2015, and is projected to reach USD 10.12 billion by 2020, at a CAGR of 7.3%. In 2014, North America was the largest market; this market is projected to reach USD 3.98 billion by 2020, at a CAGR of 7.0%, as studied from 2015. The U.S. was one of the leading markets for soy protein ingredients in North America and accounted for nearly 26% share in 2014. Asia-Pacific market is projected to be the fastest-growing market, globally, at a CAGR of 9.3% from 2015 to 2020, in terms of value.

The soy protein concentrates segment accounted for the largest market share in 2014, and is projected to grow with the increasing demand from food industries such as beverage manufacturers and dairy processors. This market is projected to grow at a CAGR of 7.7% from 2015 to 2020. The others segment is projected to grow at the highest CAGR of 4.8% during the forecasted period.

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