Soy protein is a protein that is separated from soybean. It is produced using soybean that has been dehulled and defatted. Dehulled and defatted soybeans are handled into three sorts of high protein items i.e. soy flour, focuses, and disconnects. Majority of soy protein used in different food preparation that includes meat analogues, infant formula, frozen desserts, salad dressing and many more. Soy protein isolates holds the major market share which mainly use to improve texture of food products and usually found combined with other food ingredients. Availability of soy protein in different forms and in different packaging is changing the dynamics of soy protein market from last few years.
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Key Players and Competition Analysis
The key players profiled in the Global Soy Protein Market are Archer-Daniels-Midland Co. (U.S.), Ingredion (U.S.), Solae (U.S.), Dupont (U.S.), Solbar (Israel), Cargill (U.S.) and Gushen Biological Technology Group Co., Ltd (China)
Segmentation Analysis
Soy protein product has been segmented on the basis of type which comprises soy protein isolates, soy protein concentrates, soy protein flours and others. Soy protein isolates holds major market share as it is largely used in food application. Soy protein product has been segmented on the basis of form which comprises powder, bars, ready to drink, capsules & tablets and others. Powder form of soy protein holds major market share. Soy protein product has been segmented on the basis of application which comprises functional foods, sports nutrition, meat additives, confectionery & other food products, pharmaceuticals and others. Soy protein application in sport nutrition will witness higher growth rate during the forecast period. Soy protein has been segmented on the basis of distribution channel which comprises supermarket/hypermarket, convenience store, E-commerce and others. Supermarket/Hypermarket holds major market share whereas E-commerce segment will witness higher growth rate.
Regional Analysis
The Global Soy Protein Market is segmented into America, Europe, Asia Pacific, and rest of the world (ROW). America has the major market share followed by Asia Pacific region. Increasing soy production in South America is playing a major role behind the dominance of America in global soy protein market. Rising demand of soy protein for different applications mainly as a functional food is boosting the soy market in Europe region. Asia Pacific region will witness higher growth backed by growing demand of high quality soy protein especially from developing countries like China and India. The Major exporters of soy protein include Brazil, U.S., Argentina and Canada.
Browse the market data and information spread across 110 pages with 29 data tables and 17 figures of the report “Global Soy Protein Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/soy-protein-market-3209

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