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The global soy protein concentrate market comprises of protein ingredients that are driven from soy. Soy protein concentrate contains 70% soy protein, while the rest 30% is defatted soy flour without the water-soluble carbohydrates. The companies having procurement systems and farms as a part of their agribusiness manufactures soy protein concentrate. Soy helps in keeping the body fit due to the presence of an ample amount of proteins that are beneficial for all age groups. Consuming 25 grams of soy per day helps to reduce risks related to heart diseases.
Soy protein is of three types, isolates soy protein, concentrates soy protein, and textured soy protein. Out of these, soy protein concentrates represents an important part of the market for the soy product portfolio. The demand for soy protein concentrate is increasing, and it is widely used in the food and animal feed industry. Also, the dry form of soy protein concentrate accounts for a larger share in comparison to the liquid form of soy protein concentrate.
There has been an increase in the adoption of soy protein all across the globe, owing to its functional properties, high sustainability, and natural health benefits. There will be substantial growth in the global soy protein concentrate market during the forecast period.
The market growth of the soy protein concentrates is attributed to high nutritional value of soy, increase in awareness about the benefits of proteins, rise in demand for protein-rich diet, and health and wellness trends. Along with this, soy is a cheaper source of protein as compared to other sources, and hence it drives the market for soy protein concentrates globally. Also, soy protein concentrates are the preferred alternatives to meat and dairy proteins, which further fuels the market growth.
Although the presence of numerous alternatives in the plant proteins hinders the growth of the market for soy protein concentrates. In addition, the knowledge regarding the benefits of soy is very limited in developing countries, which again restrains the market growth for soy products.
However, its increase in utilization, adaptation by various end-user industries, consumers growing inclination towards a vegan diet, a wide range of ready-to-eat soy concentrate products, and natural health benefits are few factors that will propel the growth of the soy protein concentrate market, globally.
Global soy protein concentrate market trends are as follows:
Due to growing health awareness, consumers are shifting toward plant-based protein products, among which, soy is the first choice of consumers for protein-based plants. In the meat industry, soy protein concentrates are widely used for various purposes, such as emulsification, emulsion stabilization, gelation, and fat and water binding. Meat formulations have a better visual appeal, good texture, and no off-flavors due to the addition of soy ingredients.
Agriculture and aquaculture produce are identified as one of the leading markets for soy protein concentrates. These two sectors are investing a huge amount in the soy proteins. The yield of aquaculture produce is maximized, and livestock farmers also appreciate the health benefits that are offered by the addition of soy protein in animal feed.
Questions Answered in the Soy Protein Concentrate Market Research Report:
Key Market Segments
Key Market Players