Soy Protein Ingredients Market Share Is Projected to Reach $15.30 Billion by 2030

September 30, 2024 12:51 AM PDT | By EIN Presswire

Google News:

Soy Protein Ingredients Market Share Is Projected to Reach $15.30 Billion by 2030 — Image source: EIN Presswire

Recent News

Kalkine: Nasdaq Today Sees Shift as Appian Alters Ownership Structure

Kalkine : Holley Inc Earnings Per Share Reflect Sector Momentum

Kalkine : Top NASDAQ Companies by Market Cap Amid AlTi Global Shift

Kalkine : NYSE Composite Trends Featuring Meritage Homes

WILMINGTON, DE, UNITED STATES, September 30, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Soy protein ingredients Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The soy protein ingredients market was valued at $9,594.0 million in 2020, and is projected to reach at $15,303.9 million by 2030, registering a CAGR of 4.4% from 2021 to 2030.

Download Report (270 Pages PDF with Insights, Charts, Tables, Figures) @ https://www.alliedmarketresearch.com/request-sample/1994

The soy protein concentrate segment accounted for more than 50% of the total market share in 2020. Soy proteins are derived from soybean meal, which is defatted and dehulled. Defatted & dehulled soybeans are processed into three types of high-protein commercial products, including soy protein concentrates, soy protein isolates, and soy flours.

Rise in health awareness among consumers, increase in inclination toward plant protein and veganism, and surge in consumption of sports nutrition supplements drive the growth of the global soy protein ingredients market. On the other hand, undefined regulatory guidelines and growing prevalence of diseases in soybean plants restrain the growth to some extent. However, upsurge in demand for organic products and increase in usage of soy protein for pet food animal feeding are anticipated to pave the way for lucrative opportunities in the industry.

Make a Direct Purchase: https://www.alliedmarketresearch.com/checkout-final/8eb03e7a9e6d87bf931489f8626ff080

The key market players analyzed in the global soy protein ingredients market include Archer-Daniels-Midland Company, Cargill, Inc., CHS Inc., E. I. Du Pont De Nemours and Company (Dupont Nutrition and Health), AG Processing Inc., Wilmar International Limited, Kerry Group, Plc., Kraft Heinz Company, Doves Farm Foods Ltd., and the Kellogg Company. They have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Covid-19 scenario-
Rise in consumer belief that plant-based protein products have medicinal benefits such as improving immunity power, lessening the risk of diabetes, heart attack, and others gave way to increased demand for soy protein, which impacted the global soy protein ingredients market negatively.
This trend is pretty likely to continue post pandemic as well.
The global soy protein ingredients market is analyzed across type, application, and region. Based on type, the soy protein concentrates segment generated the highest share in 2020, accounting for nearly half of the global market. The soy flours segment, however, would cite the fastest CAGR of 5.8% from 2021 to 2030.

Based on technology, the bakery and confectionary segment contributed to more than one-third of the total market revenue in 2020, and is projected to lead the trail by 2030. The infant foods segment, on the other hand, would exhibit the fastest CAGR of 6.2% during the forecast period.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/1994

Based on region, the market across North America held the major share in 2020, garnering around two-fifths of the global market. The Asia-Pacific region, simultaneously, would manifest the fastest CAGR of 6.8% throughout the forecast period.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.