The global plant protein ingredients market has witnessed a substantial innovation in terms of new product launches along with research & development and collaboration by the industrial players. The growth of the plant protein ingredients market is anticipated to be driven by various factors.
Growing health awareness among consumer groups specifically for protein is driving higher demand for protein-rich foods. Lack of time for cooking with increased work pressure and higher dependence on fast foods, which are high in carbohydrate and fat content have resulted in an increase in protein deficiency. Increase in obesity, which compels on diet food lower calories accompanied with protein foods is also driving the plant protein ingredients market. Hence, with the above analysis, it can infer that functional foods hold the largest pie of the global plant protein ingredients application followed by sports nutrition. Beverages are one of the important applications of plant protein ingredients. The demand coming from the millennial generation, rising health & wellness among the consumers have led to the increasing demand for functional beverages, which is expected to fuel the demand for beverages in the plant protein ingredients market.
The Global plant protein ingredients market is projected to reach USD 17.08 billion by 2023 at a CAGR of 7.22%.
The global plant protein ingredients market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is holding massive market share in the global plant protein ingredients market in the year of 2017 and it is expected to retain its dominance throughout the forecast period of 2017-2023. Continuous product innovation is one of the major factors for the growth of the market. Rapid advancements have been noticed in the protein ingredients products starting from the various inclusions of raw materials to packaging. Various factors such as taste, quality, and source of protein are critical for protein ingredients market. Manufacturers of protein ingredients have adopted suitable technologies to achieve desired taste and texture according to consumer’s preferences. The advancements in technology have resulted in the introduction of a wide variety of plant protein ingredient products to the consumers with different delivery formats, taste, and sources and thereby driving the plant protein ingredients market in North American region.
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The current report on the Soy Protein Ingredients Market provides a comprehensive assessment of the business vertical and offers a comprehensive overview of the industry along with its key segments.
The study includes an accurate estimate of the current industry scenario along with the market size, market volume, and revenue garnered by the industry.
The report delivers radical data about the competitive landscape of the Soy Protein Ingredients industry and a thorough bifurcation of the regions where the Soy Protein Ingredients market has established a significant footing.
The competitive landscape includes extensive profiling and overview of prominent players of the Soy Protein Ingredients industry.The report studies the following companies in detail: Archer Daniels Midland Company (U.S.)I. du Pont de Nemours and Company (U.S.)Cargill (U.S.)CHS Inc. (U.S.)Kerry Group plc.
(Ireland)Wilmar International Ltd. (Singapore)Nisshin OilliO Group(Japan)Ruchi Soya Industries Ltd. (India)Ag Processing Inc. (U.S.)Devansoy (U.S.)The Scoular Company (U.S.).Radical Highlights of the Soy Protein Ingredients Market Report:The research report provides an accurate analysis of the product range, application spectrum, regional analysis, and competitive landscape of the Soy Protein Ingredients industry.The market is categorized on the basis of the types into:Soy protein concentratesSoy protein isolatesSoy floursOthersTextured soy proteinSoy gritsHydrolyzed soy proteinsBased on application, the Soy Protein Ingredients market is segmented into:FoodBakery & ConfectioneryMeat AlternativesFunctional FoodsDairy ReplacementsInfant FoodsOther Food ApplicationsFeedLivestockCattleSwinePoultryPet foodAquafeedThe report offers key details about the production volume and price analysis.The report further provides key insights into the market share held by each product and application in the Soy Protein Ingredients market.
The report also sheds light on the supply chains and the changes in the trends of the upstream raw materials and downstream distributors.The report explains the market share and sales volume of each company, along with the key details of the operations of these companies.
