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Soy Protein Market is set to witness acceleration at a CAGR of 5% and top a valuation of US$ 10 Bn in 2031
Soy protein is also safe for people who are allergic to soy, as it is used in minimal quantities in foods, making it an ideal choice for a variety of applications in the F&B industry.
High market share is enjoyed by North America manufacturers, followed by those in Europe . The U.S., U.K., Italy , and Russia are prominent shareholders in this market space. Soy protein concentrates and isolates are high sough-after, and hold more than 80% of overall market share, being widely preferred across the world.
The global soy protein market is set to offer an incremental opportunity of close to US$ 4 Bn over the next ten years.
Major market players are entering acquiring various quality certifications to ensure a wider reach and global and regional acceptability of their products. They are also ensuring compliance to global benchmark standards and food & safety regulations.
Persistence Market Research, in its new report, offers an impartial analysis of the global soy protein market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031. The study offers compelling insights on the basis of nature (organic and conventional), application (food & beverages, animal feed, and nutraceuticals & functional foods), and form (isolates, concentrates, and others), across seven major regions of the world.
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