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Soy Protein Isolate Market Trends

  • Report ID: GMI10871
  • Published Date: Aug 2024
  • Report Format: PDF

Soy Protein Isolate Market Trends

Several emerging trends are poised to influence the global soy protein isolate industry. A primary trend is the surging interest in organic and non-GMO soy protein isolate products. With growing concerns over the health implications of genetically modified organisms (GMOs), consumers are actively seeking products that boast organic and non-GMO certifications. This heightened demand for organic soy protein isolate is particularly pronounced in developed markets.
 

Another notable trend is the escalating demand for soy protein isolate in developing regions, notably in Asia-Pacific and Latin America. As these regions witness rising disposable incomes and a shift towards healthier, sustainable food choices, the appetite for soy protein isolate is set to grow. Furthermore, an increasing awareness of the environmental repercussions of animal agriculture are steering these markets towards adopting plant-based proteins.
 

A significant transformation has been the ascendance of the plant-based food movement. While, at the decade's outset, plant-based foods were viewed as niche offerings, predominantly favored by vegetarians and vegans, they've since transitioned into the mainstream, thanks to heightened awareness of their health and environmental advantages. Consequently, soy protein isolate, a pivotal ingredient in numerous plant-based foods, has reaped the rewards of this burgeoning trend.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of soy protein isolate reached USD 3.38 billion in 2023 and will grow at 8.6% CAGR from 2024 to 2032, attributed to a rising consumer appetite for plant-based proteins, and increased awareness of soy protein's health benefits.

Food & beverage segment is anticipated to expand at a 9.8% CAGR through 2032, as manufacturers are leveraging the product to enhance simplicity and transparency in their ingredient lists.

North America market is poised to grow at a 9.5% CAGR through 2032, due to the region's strong demand for plant-based proteins and well-established food processing sector.

ADM, Cargill, Crown Soya Protein Group Company, ETChem’s, Farbest Brands, Foodchem International Corporation, FUJI OIL HOLDINGS INC, Taj Agro International (Taj Pharma Group), Titan Biotech Limited, and Xi'an Healthful Biotechnology Co. Ltd.

Soy Protein Isolate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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