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North America Soy Protein Concentrate Market Share

Report ID: GMI4962
Published Date: Feb 2021
Report Format: PDF

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North America Soy Protein Concentrate Market Share

North America soy protein concentrate market is fragmented with key players including:

Cargill
DuPont Nutrition & Biosciences
Archer Daniels Midland Company
Wilmar International
Food Chem International Corporation
Nutra Food Ingredients
The Scoular Company
Aminola B.V.

In December 2020, the merger acquisition of DuPont Nutrition & Biosciences and New York based International flavors & Fragrances provide greater opportunities to customers. The IFF’S health ingredients business and natural products will become a part of DuPont’s Health & Biosciences division. DuPont’s health & Biosciences division includes plant-based food ingredients including sweeteners, emulsifiers, and proteins. The new division formed by the integration of both the companies will include infant nutrition, probiotics and fibers which should lead to the growth of soy protein concentrate market.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The North America soy protein industry share was pegged at over USD 165 million in 2020 and will expand with more than 7% CAGR up to 2027.

The market share from food grade segment in North America was over USD 95 million during 2020 and will grow due to the demand for cereals, bakery products and certain fitness beverages.

The regional industry share from the nutrients function segment will register around 7.3% CAGR over 2021-2027 owing to increased consumption of fitness food and beverage products.

U.S. soy protein concentrate industry size had reached USD 135 million in 2020 and will grow with the demand for minerals, vitamins and protein dietary supplements, among other factors.