The latest market report published by Credence Research, Inc. “Global Soy Protein Isolate Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global soy protein isolate market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 3.50% between 2023 and 2030. The market was valued at USD 2.7 billion in 2022 and is expected to reach USD 3.4 billion in 2030.
The global soy protein isolate market is divided into four segments: application, form, end-user, and geography. Food soy protein isolates are the most common application area, followed by the meat-alternative segment. The residential category is predicted to grow at the fastest rate, with North America leading the market.
The global soy protein isolate market has witnessed steady growth in recent years, with key players including ag processing inc, Archer-Daniels-Midland Company, Cargill, Inc., CHS Inc., Doves Farm Foods Ltd., E. I. du Pont de Nemours and Company, Kerry Group, Plc, The Kraft Heinz Company, The Kellogg Company, wilmar international limited, now foods, JustLong, and others. These companies focus on product innovation, expanding their distribution channels, and strategic partnerships to stay ahead in the market.
North America Soy Protein Isolate Market Drivers refer to the factors that are responsible for driving the growth of soy protein isolate market in North America. The increasing adoption of a healthy lifestyle and rising awareness about benefits associated with consuming plant-based protein products is one such driver boosting the demand for soy protein isolate products. Additionally, an increase in consumer preference for vegetarian and vegan diets has also contributed significantly to the growth of this market. Moreover, growing concerns over environmental sustainability and animal welfare issues have led consumers to shift their focus towards sustainable food sources like soy protein isolates.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Soy Protein Isolate Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the Route of Administration and Application
- Major nations in each region with their import/export statistics
- The global Soy Protein Isolate Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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