Organic Soy Protein Market
The protein extracted from soybean is known as organic soy protein. Soybean is a protein-rich legume with relatively low-fat content. For manufacturing soy protein, soybeans are then grounded into a meal, comprising no fats or hulls. The soybean meal is then converted into soy protein. Soy protein isolates contain approximately 90–95% proteins. The soy protein isolates are then sold in a powdered form that is rich in proteins and low in carbs. Moreover, additional nutrients can also be added to improve its nutritional value, texture, and taste. Soy protein offers all amino acids required for one’s healthy growth.
Rising trend of nutritional and healthy diet coupled with a growing health-conscious population in developing countries is projected to fuel the organic soy protein market for during the estimated time period. Moreover, the increasing demand for protein-rich food items and rising consumption of meat alternatives in developed countries are anticipated to expand this organic soy protein market in the near future. Increasing awareness about various health benefits of soy protein is anticipated to further accelerate the expansion of the global organic soy protein market in the upcoming years.
By product type, the organic soy protein market includes concentrates, isolates, and flour. Isolates are estimated to grow significantly over the forecast time period. By product form, this market is bifurcated into liquid and dry forms. Liquid organic soy proteins contributed significantly revenue share toward the global organic soy protein in 2017. The increasing consumption of cakes, chocolates, and candies along with the high demand for home-baked bakery products is anticipated to further drive the global organic soy protein market in the upcoming years. Additionally, the rising consumer inclination toward functional foods for a healthy diet is projected to further propel the organic soy protein consumption rate over the estimated time period. By application, the market is segmented into functional foods, bakery and confectionery, meat alternatives, infant formula, and dairy alternatives.
By geography, the global organic soy protein market is classified into North America, the Middle East, and Africa, Europe, Asia Pacific, and Latin America. North America accounted for a major market share in terms of revenue in 2017, followed by Europe, with the highest number of companies operating in the bakery and confectionery industry. The Asia Pacific is another key regional organic soy protein market, which is projected to exhibit substantial growth during the forecast time period. The growth of the Asia Pacific organic soy protein market is likely to be driven by the huge demand for confectionery products, such as gums and chocolates. The Latin American organic soy protein market is projected to be driven by the massive consumption of meat alternatives and functional foods. Growing consumer awareness regarding soy products’ benefits is projected to accelerate the organic soy protein market in the Middle East and Africa in the future.
Some key players included in this global organic soy protein market report are Omega Protein Corporation, Cargill Health & Food Technologies, SunOpta, Inc., Burcon NutraScience, Armor Proteins, DuPont, Bunge Alimentos S.A., The Scoular Company, George Weston Foods, ADM, MGP Ingredients, Harvest Innovations, Kellogg Company, Kerry Ingredients Inc., Devansoy Inc., Natural Products, Inc., Kraft Foods, Hodgson Mill, World Food Processing, Agrawal Oil & BioChem, Frank Food Products, Dean Foods Company, Gelita Group, Doves Farm Foods, Manildra Group, Biopress S.A.S., and DuPont Agriculture & Nutrition.