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Soy Polysaccharides Market

Market Insights on Soy Polysaccharides covering sales outlook, demand forecast & up-to-date key trends

Soy Polysaccharides Market by Grade, Application, End Use Industry & Region - Forecast 2022 - 2032

Soy Polysaccharides Market Outlook

The demand in the global soy polysaccharides market is anticipated to surpass a valuation of US$ 2.5 Bn by 2022, expanding at a CAGR of around 5% to 6% during the forecast period 2022-2032. The soy polysaccharides market is estimated to create an incremental opportunity of more than US$ 4 Bn by the end of 2032. On the basis of application, the lactic acid beverage segment is estimated to lead the market, accounting for more than 45% of the soy polysaccharides sales in 2022.

Report Attribute

Details

Soy Polysaccharides Market Base Year Value (2021)

US$ 2.2 Billion

Soy Polysaccharides Market Expected Value (2022)

US$ 2.5 Billion

Soy Polysaccharides Market Anticipated Value (2032)

US$ 4 Billion

Soy Polysaccharides Market Projected Growth Rate (2022-2032)

5% to 6% CAGR

Soy Polysaccharides Estimated Sales Across Lactic Acid Beverage Segment (2022)

45%

Soybean polysaccharides are a type of soluble polysaccharides that are derived from soybean meal, okara, soybean cotyledon, and others. These carbohydrates are decomposed into multiple molecules of monosaccharides using hydrolysis processes. These polysaccharides are increasingly being adopted by health-conscious consumers as it does not contain starch and sugar.

What are the Drivers Creating Sales Prospects in the Global Soy Polysaccharides Market

Soy polysaccharides contain galacturonic acid, rhamnose, arabinose, fucose, glucose, galactose, and xylose. They also assist the human body to absorb essential minerals such as potassium and calcium. Also, consumption of these polysaccharides assists in fortifying dietary fiber, reduce cholesterol, and act as fat reducer.

Attributed to this, soy polysaccharides gaining huge popularity across the dietary and nutrient industry. Hence, growing public concern and awareness regarding the health effects of dietary fiber has resulted in bolstering the demand for high-fiber and calorie-reduced products such as soy polysaccharides. This is projected to augment the sales of soy polysaccharides in the global market.

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What are the Challenges Hampering the Growth in the Soy Polysaccharides Market

Consumption of soy polysaccharides can cause side effects such as bloating, itching, constipation, rashes, and nausea, due to the effect of proteins lipid and proteins-polysaccharides interactions.

This in addition to, the detrimental effect of these high fiber products on the physical and sensory properties of food and strict government regulations pertaining to the addition of high-fiber products such as soy polysaccharides is further restraining the sales in the market.

Why is the Demand for Soy Polysaccharides Accelerating in the North America Market

A study by FMI states that North America is anticipated to account for a prominent share in the global soy polysaccharides market during the forecast period 2022-2032. 

There is a significant rise in consumption of dairy and dairy products such as flavored milk, ice cream, smoothies, shakes, creamers, and others across North America, owing to increasing customer preference for adopting ready-eat and ready-to-use products. Citing this trend, leading industry players across the countries such as the U.S. and Canada are focusing on increasing their production capacity.

For instance, in 2022, Nestlé USA, a leading food and drink processing conglomerate corporation announced investing US$ 675 Mn to construct new flavored milk and coffee creamer production facility in Arizona, the U.S. As soy polysaccharides are extensively used for stabilization of acidic properties in dairy beverages, such developments are estimated to favor the growth in the North America market.

Nandini Roy Choudhury
Principal Consultant
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What is the Growth Prospect of the Soy Polysaccharides Market in Asia Pacific Excluding Japan

Asia Pacific excluding Japan is projected to register growth at a rapid CAGR in the global soy polysaccharides market between 2022 and 2032, states Future Marker Insights.

Soy polysaccharides are finding a wide range of applications across industries such as food & beverage, bakery, dairy, pharmaceutical, confectioners & desserts, and others. These carbohydrates are increasingly being used as stabilizers and emulsifiers across the aforementioned industries, owing to their natural origin and physicochemical properties, creating strong demand for soy polysaccharides.

Key manufacturers in the market are aiming at introducing novel flavored and light-colored soy polysaccharides for confectionery and baking applications and expanding their soy product manufacturing capacity to cater to this growing demand. This is expected to drive the soy polysaccharides market in Asia Pacific excluding Japan.

Market Competition

Some of the leading players in the soy polysaccharides market are Fuji Oil Holdings Inc., Pingdingshan Jinjing Bio-Tec Co, Ltd, Jrs Pharma Gmbh + Co. KG, IIC AG, Gushen Biological Technology Group, Yiming Biological Products, and others.

Leading participants in the market are focusing at adopting capacity expansion, collaboration, mergers & acquisitions strategies to gain edge in the highly competitive market

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5% to 6% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Grade
  • Application
  • End Use Industry
  • Region

Countries Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Companies Profiled

  • Fuji Oil Holdings Inc.
  • Pingdingshan Jinjing Bio-Tec Co, Ltd
  • Jrs Pharma Gmbh + Co. KG
  • IIC AG
  • Gushen Biological Technology Group
  • Yiming Biological Products
  • Others

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Key Segments Profiled in the Soy Polysaccharides Market Survey

By Grade:

  • Food Grade
  • Pharmaceutical Grade

By Application:

  • Rice and Flour Products
  • Lactic Acid Beverage
  • Medicines
  • Dietary Supplements
  • Candies
  • Others

By End Use Industry:

  • Food & Beverage
  • Dairy
  • Bakery
  • Confectioners & Desserts
  • Pharmaceutical
  • Others

 By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the demand for soy polysaccharides market to expand at 5% to 6% value CAGR over the forecast period 2022-2032

The soy polysaccharides market is dominated by North America, and this trend is projected to continue for the assessment period.

Fuji Oil Holdings Inc., Pingdingshan Jinjing Bio-Tec Co, Ltd, Jrs Pharma Gmbh + Co. KG, IIC AG, Gushen Biological Technology Group, Yiming Biological Products, and others are some key soy polysaccharides manufacturer.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Soy Polysaccharides Market