Soy Protein Ingredients Market Global Opportunity Analysis and Industry Forecast, 2014-2022
Global Soy Protein Ingredients Market was valued at $7,506 million in 2016 and is expected to reach $12,205 million by 2023, registering a CAGR of 7.2% from 2017 to 2023. Soy protein ingredients are a product of soybean. They are isolated from soybean meal which has been defatted and dehulled. Defatted and dehulled soybeans are processed into three types of high protein products including soy protein concentrates, soy flour, and soy protein isolates. All these three types of soy protein ingredients contain 70% protein, 20% carbohydrates, 6% ash and around 1% oil. Soy protein ingredients provide almost all the types of amino acids for human nutrition and are identical to other legume pulses and are considered to be one of the least expensive sources of protein. The global soy protein ingredients market is segmented based on type, application, and geography. Based on type, it is divided into soy protein isolates, soy protein concentrates and soy flours. On the basis of application, the global soy protein ingredients market is segmented into bakery and confectionary, meat alternatives, functional foods, dairy replacers, infant foods and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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