The global soy protein concentrate market comprises of protein ingredients that are driven from soy. Soy protein concentrate contains 70% soy protein, while the rest 30% is defatted soy flour without the water-soluble carbohydrates. The companies having procurement systems and farms as a part of their agribusiness manufactures soy protein concentrate. Soy helps in keeping the body fit due to the presence of an ample amount of proteins that are beneficial for all age groups. Consuming 25 grams of soy per day helps to reduce risks related to heart diseases.
Soy protein is of three types, isolates soy protein, concentrates soy protein, and textured soy protein. Out of these, soy protein concentrates represents an important part of the market for the soy product portfolio. The demand for soy protein concentrate is increasing, and it is widely used in the food and animal feed industry. Also, the dry form of soy protein concentrate accounts for a larger share in comparison to the liquid form of soy protein concentrate.
There has been an increase in the adoption of soy protein all across the globe, owing to its functional properties, high sustainability, and natural health benefits. There will be substantial growth in the global soy protein concentrate market during the forecast period.
COVID-19 Scenario Analysis:
- Due to the COVID-19 outbreak, consumers are favoring to buy products which will boost their immunity.
- An upward surge can be seen in the demand for soy protein products and other nutraceuticals & functional foods.
- However, due to a halt on export-import and supply chain disruption, production and manufacturing are facing many problems.
- Although a decline in the consumption of meat, poultry, and seafood products all over the world, will increase the demand for plant-based protein supplements in the future.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The market growth of the soy protein concentrates is attributed to high nutritional value of soy, increase in awareness about the benefits of proteins, rise in demand for protein-rich diet, and health and wellness trends. Along with this, soy is a cheaper source of protein as compared to other sources, and hence it drives the market for soy protein concentrates globally. Also, soy protein concentrates are the preferred alternatives to meat and dairy proteins, which further fuels the market growth.
Although the presence of numerous alternatives in the plant proteins hinders the growth of the market for soy protein concentrates. In addition, the knowledge regarding the benefits of soy is very limited in developing countries, which again restrains the market growth for soy products.
However, its increase in utilization, adaptation by various end-user industries, consumers growing inclination towards a vegan diet, a wide range of ready-to-eat soy concentrate products, and natural health benefits are few factors that will propel the growth of the soy protein concentrate market, globally.
Global soy protein concentrate market trends are as follows:
Increase in Application of Soy Protein Concentrate on Meat Extenders and Substitutes
Due to growing health awareness, consumers are shifting toward plant-based protein products, among which, soy is the first choice of consumers for protein-based plants. In the meat industry, soy protein concentrates are widely used for various purposes, such as emulsification, emulsion stabilization, gelation, and fat and water binding. Meat formulations have a better visual appeal, good texture, and no off-flavors due to the addition of soy ingredients.
Animal Feed—A New Growth Catalyzer
Agriculture and aquaculture produce are identified as one of the leading markets for soy protein concentrates. These two sectors are investing a huge amount in the soy proteins. The yield of aquaculture produce is maximized, and livestock farmers also appreciate the health benefits that are offered by the addition of soy protein in animal feed.
Key Benefits of the Report:
- This study presents the analytical depiction of the global soy protein concentrate industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global soy protein concentrate market share.
- The current market is quantitatively analyzed to highlight the global soy protein concentrate market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global soy protein concentrate market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Soy Protein Concentrate Market Research Report:
- What are the leading market players active in the soy protein concentrate market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Soy Protein Concentrate Market Report Highlights
| Aspects | Details |
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 Key Market Players | Goldensea Foodstuff Industry, ADM, Yuwang Group, Henan Fiber Source Biological Engineering, Hongzui Group, Tiancheng Agricultural Development Group, CHS, Cargill, IMCOPA, Sojaprotein, Gushen Biological Technology Group, Shandong Yuxin Bio-Tech |
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