(Entertainment-NewsWire.com, June 25, 2018 ) Global Soy Protein Ingredients Market was valued at USD 8.88 Billion in the year 2017. Global Soy Protein Ingredients Market is further estimated to grow at a CAGR of 7.48% from 2018 to 2023 to reach USD 13.69 Billion by the year 2023. North America region holds the highest market share in 2017 and is considered as the fastest growing market in the forecasted period due to steady growth rate and increasing economies in these regions. At a country level, developed markets like the U.S., European nations as well the emerging markets like Latin America and Indian holds the notable market share in 2017 and it is projected to grow at a strongly in the coming years.
The major players in the Global Soy Protein Market are DuPont Nutrition & Health (Denmark), Kellogg Company (U.S), Burcon NutraScience Corporation (Canada), Cargill Inc. (U.S), Armor Proteins (France) and Archer Daniels Midland Company (U.S). Rising research and development expenses, similarly growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Drivers Providing better protein content than dairy and other products Increasing health consciousness and fitness among people
Restraints Undefined government regulations
Opportunity Innovations in technologies for better soy products Increasing investment opportunity in Asia-Pacific & Latin America region
Challenges Substitute soy products like egg white powder & goat milk By product type, soy protein isolates segment holds the highest market share among other product types. On the other hand, infant food by application for this market is expected to grow at the highest CAGR during the year 2018-2023. The infant food segment holds the substantial market share because of its high demand and rising awareness with efficient cost.
Key Benefits for Stakeholders Soy protein Manufacturers, Distributors and Retailers Research and Consulting organization Technology Standards Organizations, Forums, Alliances and Associations End use industries Regulatory bodies, policy actors and consumers. Healthcare centers and senior citizens
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