Soybean is known as “Meat for Vegetarian” due to its high protein content among vegetables. The amino acid profile of soybean is even better than the meat protein hence the demand for soy protein is escalating throughout the world. Soy protein concentrates are used as stabilizer, emulsifier, tenderizer, binder, gel, and thickener in food and beverage processing. It is also used in the meat processing industry. It also helps to reduce the cholesterol level.
The high protein trend is gaining traction and will continue to evoke interest in upcoming years due to rising preference for healthy & nutritional diet, clean label trends, growing health & wellness trend, desire for a healthy life, and changing food consumption pattern which creates a significant demand for incorporation of soy protein into various products.
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Global soy protein market is expected to reach USD 5,888.4 million by 2022, at a CAGR of 6.6% during the forecast period of 2017 to 2022.
The research report on the global soy protein market provides a comprehensive analysis of a major product segments such as soy protein concentrates, soy protein isolates, textured soy protein, and soy flour, grits, & chunks; and application segments such as food & beverages, animal feed, pet food, and others.
The report covers the drivers & restraints of soy protein market across the globe. The market is segmented according to the ingredient type & applications. The geographical segmentation is also provided in this report to grasp the soy protein market in different territories across the globe. The report also provides the meticulous analysis of key players in soy protein across the globe regarding their market strategies & product developments.
The key players operating in the global soy protein market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Kerry Group (Ireland), E.I. Dupont De Nemours and Company (U.S.), NOW Foods (NOW Health Group, Inc.) (U.S.), Burcon Nutrascience Corporation (Canada), SOTEXPRO SA (France), Farbest-Tallman Foods Corporation (Farbest Brands) (U.S.), Wilmar International Ltd. (Singapore), and CHS Inc. (U.S.).
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