About the Soy Protein Isolate Report
Growing awareness regarding health and immunity has been encouraging the inclusion of nutritional values in food products. With this trend picking up pace, frequency of product launches has increased on the food sector. There also is greater focus on sustainability and certifications and offering improved transparency and traceability of ingredients used. These are some of the key factors fuelling the demand for the soy protein isolate. The rising number of health issues associated with obesity has encouraged both government land various international organizations to promote consumption and production of soy protein isolate.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for soy protein Isolate Market. The report tracks the global sales of soy protein Isolate market in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the medical device industry in general, and soy protein Isolate in particular.
How Historical and Future Outlook of Soy Protein Isolate Market Match Up?
Manufacturers of natural plant-based protein are endorsing their products using various channels such marketing campaigns, online portals, and magazines. These marketing strategies mostly focus on fresh products offering safety and primarily, enhanced health benefits. Strategies adopted by the market players reflect behavior pattern in consumers. In this case, there is higher focus on highlighting the nutritive values of food items. This trend is expected to be a chief factor, encouraging use of soy protein isolate as a key ingredient in food products.
Besides this, rapid digitalization has led to a high penetration of e-Commerce, This trend is highly prevalent in China, catapulting it is a key market protein isolates. Plant proteins have a long shelf-life and can, as needed, be easily packaged, which is expected to attract increasing customer base. Over the forecast period, these factors are expected to drive the market.
According to CIGI-IPOS Global survey; Indonesia, China, and India account for 86% in global market using payment gateway over mobile based e-Commerce. Whereas, European countries account for around 30%. Robust growth in e-retailing in the region will remain one of the chief drivers of the market in Asia.
With growing awareness among consumers about the importance of the consumption of plant-based proteins such as soy protein isolates, manufacturers will broaden their product range through the launch of new products. They also are expected to concentrate on mergers and acquisition with plant based protein supplement companies.
For instance- Glambia Plc in February 2017 acquired two companies - Grass Advantage LLC and Body & Fit - leading protein supplement manufacturers in the Netherlands and U.S. respectively. Both businesses have a solid strategic fit with Glanbia and will extend its reach to new consumers and channels
According to FMI’s analysis, the global soy protein isolate market reached a size of almost US$ 2,825 million in 2021. The market is further projected to expand at a CAGR of 5.2% over the forecast period of 2021-2031.
Soy protein isolates are proteins which are refined in nature and made up of 90% protein content. They are widely used in dairy substitutes, infant foods, functional foods, meat systems, and weaning foods. Soy protein isolate is the second-largest product segment in the global market for soy protein. Made from all-vegetable protein and rich in flavones, soya protein isolate insulation has gained significant acceptance from consumers worldwide
Soy protein isolate is an excellent choice for those with special requirements such as vegans, vegetarians and lactose intolerance. Derived from defatted soybeans, soy protein isolate is made using an innovative process to minimize fats and carbohydrates and maximize protein content makes up a perfect product.
What Are Prospects for Soy Protein Isolate Applications in Pharmaceuticals and Healthcare Industry?
Soy protein isolate is believed to offer various health benefits for patients with obesity-related conditions such as inflammation and fatty liver disease. Increasing prevalence of obesity and the association of fatty liver disease with major life-threatening conditions such as cardiovascular disease are likely to drive significant growth in the market. The rising trend of healthy food and consumer interest in plant-based proteins will continue creating growth opportunities.
There has been an increasing shift towards vegetarianism over the last few years, driving the soy protein isolate market. Consumers are becoming more sensitive about animal welfare. There is increasing consciousness regarding the environment and conditions in which they are born and bred. Animal welfare is one of the prominent reasons why consumers are choosing plant-based products such as soy protein isolate. Various consumers also are suffering from food-borne intolerances and allergies, which have led to a tendency for eating plant-based substitutes like soy protein isolate.
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What is Prospect for Application in Aquaculture Feed?
Aquaculture is recognized as one of the fastest growing sectors of animal farming. Aquaculture producers are focusing on the production of more nutritious and safer aqua-feeds in response to the increasing food requirements of the ever increasing world population. A major concern for aqua-feed farmers, however, is the availability of protein-rich ingredients such as soy protein isolate. This is due to the stagnant availability of high-quality aqua-feed fishmeal to the inadequacy of the aquaculture industry's demand for protein needs.
Soy protein isolate can remain an excellent choice for organic and renewable protein alternatives in order to satisfy additional criteria for the nutrient content of aqua-feeds. Soy protein isolate is thus expected to provide aquatic feed products with sustainability and to reduce the pressure on naturally available fish meals during the forecast era. In addition, low-antigen soy protein isolate is expected to fuel demand for soy protein isolate in the near future in order to manufacture plant protein aqua-feed to minimize reliance on fishmeal.
What are the Key Challenges Posing Threat to Soy Protein Isolate Market?
The off-taste of soy protein isolate and possible allergies induced due to soy products isolate might make it undesirable for consumption. This off-flavour is caused by the presence of compounds such as alcohols, ketones, aldehydes and furans. The presence of aldehydes is one of the main reasons behind the grassy and bean flavour of soy products. People who are allergic to soya restrictions on the growth of the soy protein isolate market.
How large is the Opportunity for Soy protein Isolate Market in the United States?
FMI has projected North America to remain one of the most profitable markets in the forecast period. High spending power in the region is one of the key factors supporting growth.
Moreover, the U.S. is one of the world's leading markets, which always makes it a lucrative pocket for producers of soy protein Isolate. According to the FMI, the U.S. will hold 88.8 per cent of the market share in the year 2021 in North America.
One of the key factors supporting growth of the market is the increasing prevalence of obesity and diabetes in the U.S. According to the Centers for Disease Control and Prevention (CDC), the prevalence of obesity in the U.S. stood at 42.4% between 2017 and 2018. Also as per CDC, cardiovascular ailments is one of the leading causes of death among people living in the U.S.
Besides high spending power, awareness regarding the prevalence of chronic ailments have been pushing the U.S. consumers towards a healthy lifestyle. This is expected to present lucrative opportunities for soy protein isolate sales in the country.
Will the U.K. Soy Protein Isolate Market Show Significant Growth in Coming Years?
The U.K. soy protein isolate market is projected to grow at 4.8% CAGR during the forecast period (2021 – 2031). Market growth is facilitated by the accumulation of scientific evidence of the various health benefits of soy protein over animal protein counterparts. The benefits of a plant-based diet are increasingly recognized by consumers in the U.K., which is creating growth opportunities for the market.
Moreover, the sales of meat substitutes in the United Kingdom alone are projected to increase by 25% over the next five years. The rise in vegetarianism as a lifestyle choice is a trend that is expanding across Europe.
The U.K. has been identified by FMI as one of the leading markets for soy protein isolate. One of the key factors supporting this expansion is increasing healthcare spending. According to the Office For National Statistics, U.K., the total healthcare spending in the country accounted for 10% of Gross Domestic Product (GDP) in 2017.
With focus on healthcare forecast to increase further, the U.K. will present attractive opportunities for the growth of the market.
How Has COVID-19 impacted Soy Protein Isolate Market in China?
China is leading in the development of soy protein isolate and has completed a maximum number of patents over the last five years (2015-2020). In 2018, 24 patents were granted, making significant progress in the market for soy protein Isolate. China emerged twice from the impact of the Coronavirus, and there have been inferences about the recurrence of the pandemic.
The mutated strain of the virus has affected the nation along with the global economies and the market for soy protein Isolate in this ongoing state. Although the U.S. and Europe will remain the leading markets, growth in East Asia is expected to take place at a faster pace. According to FMI, China holds more than 50 per cent of the market share of soy protein Isolate in East Asia. These figures are indicative of China's extensive market penetration openings for soy protein.
What is Supporting Growth in India’s Soy Protein Isolate Market?
Business climate in India remains optimistic, India being a developing nation with 2nd highest population globally, key manufacturers of soy protein isolate are targeting local renowned players of Indian market as it may create an opportunities and allow the key manufacturers to get the market entrée easily in the country. Population being a major factor in India for the surge of the Soy protein isolate market as youth have realized the prominence of protein rich diet, thus, increasing the consumption. India is expected to grow with the CAGR of 2.6% during the valuation period.
Why is Soy Protein Isolate Market Gaining Traction in Spain?
Spain is likely to offer highly lucrative opportunity for the growth. This is attributable to the increase in the demand for high-protein intake diet from health conscious consumers. Health problems such as hypertension are very common in the country. Thus to prevent it, consumers are including soy protein isolates in their diet. Rising health awareness is the reason Soy protein Isolate market is gaining traction in Italy. The Spain market is expected to grow at an impressive rate, which is the highest among the other prominent countries in Europe.
Why is the Preferred Form of Soy Protein Isolate?
The dry form segment holds the largest share in soy protein isolate market because of its quick, convenient and easy solubility and discernibility in any liquid type like milk and water. The rising demand for convenient products across the globe is boosting sales of soy protein isolate in dry form. Additionally, increasing demand for protein-enhanced will aid expansion of the segment.
Why is the Key Soy Protein Isolate Application?
Soy protein isolate is a key ingredient used in functional food, which also comprises the leading segment in the market on the basis of application. The rising demand for nutritional food will continue enabling growth in the segment. The bakery and confectionery market is one of the fastest growing sectors, globally. A variety of protein isolates products are being developed by integrating soy protein isolates including cheese, infant formulation, tofu, drinks, vegetarian meat substitute, miso, and salami. Additionally, the consumption of soy food products has been related with various health benefits such as preventing obesity and lowering the level of blood glucose. Hence soy protein isolate is increasingly used in bakery and confectionary.
Which Soy Protein Isolate Function is highly Sought-after?
Soy protein isolates are termed as the best source for fat and water absorption. Rising health awareness is increasing the number of gym and fitness enthusiast around the world. People are shifting to fitness in a holistic manner where source of protein should have high ability of fat and water absorption. This is expected to fuel the demand for soy protein isolates.
Companies operating in the market for soy protein Isolate are targeting strategic mergers and acquisitions. It is a key trend for both private and financial investors and current firms to enter in fastest-growing markets. For instance, Cargill Inc., an American privately held global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware Cargill entered into a partnership with Iowa Soya and Quantified Ventures.
In addition to merger and acquisition strategy, companies are focusing on increasing the production capacity of manufacturing plants, as there have been few reports of supply-demand gaps in recent years.
For example, in 2020, the Biotech Company Calyxt Inks Soya Bean agreement with Archer-Daniel-Midland potentially worth 10 millions of Pharmaceuticals. Investment in a new operation site strengthens the company's position as the global market leader in high-quality lactose products. Calyxt Inc. also decided to sell all its genetically modified soya beans to Archer-Daniels-Midland (ADM) a food processing giant, a chief step towards success for Calyxt.
Some of the leading companies operating in the soy protein isolate market are:
- Archer Daniels Midland
- Cargill Inc
- Fuji Oil Holdings Inc
- Batory Food
- CHS Inc.
- Crown Soya Protein Group E.I.
- The Scoular Company
- Food Chem International
- Fuji Oil Holdings Inc.
- Nutra Food Ingredients LLC
- Osage Food Products
- Dupont De Numerous Company
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Scope of the soy protein Isolate Report
Historical Data Available for
Soy protein Isolate Market Analysis
USD Million for value and '000 MT for Volume
Key Regions Covered
North America, Latin America, Europe, Japan, APEJ, Middle East & Africa
Key Countries Covered
US, Canada, Brazil, Mexico, Argentina, Rest of Latin America, Germany, France, U.K., Spain, Italy, Rest of Europe, Japan, China, India, Australia & New Zealand, ASEAN, Rest of APEJ, GCC Countries, North Africa, South Africa, Rest Of MEA.
Key Segments Covered
Form, Application, Function and Region
Key Companies Profiled
Soy protein Isolate Market Forecast, brand share analysis, competition intelligence, DROT analysis, soy protein isolate Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
Key Questions Answered in the soy protein Isolate Report
Which is the most lucrative market for Soy protein Isolate?
The U.S. is one of the leading markets for soy protein isolate. The rising prevalence of diabetes and obesity besides other chronic ailments has been encouraging consumers towards adoption of a healthy lifestyle. This is expected to have considerable impact on the market.
Which function of Soy protein Isolate is used widely?
Soy protein isolate function as a fat and water absorber is highly sought-after globally. The demand for soy protein Isolate is expected to remain high shortly, particularly due to its properties, which make it widely useful in the food, health and pharmaceutical industries.
Which are the best applications of Soy protein isolate?
Soy Protein Isolate are majorly used in bakery and confectionary, As variety of bakery and confectionary products are being developed by integrating soy protein isolates including cheese, infant formulation, tofu, drinks etc. The pharmaceutical industry also uses soy protein isolate as a health supplement which offers benefits such as muscle gain.
Which are some of the leading companies offering Soy protein Isolate Market?
Some of the leading companies offering soy protein Isolate are Archer Daniel Midland, Fuji Oil Holdings Inc Kerry, Burcon, Dupont De Numerous Company, Farbest, Cargill Inc., Scoular, Batory Food, CHS Inc., Food Chem International,., Nutra Food Ingredients LLC, Osage Food Products, and The Scoular Company, Crown Soya Protein Group E.I.
Which are the key success factors supporting the growth of edible nuts market?
Some of the key success factors supporting the Soy protein isolate market growth are as follows: Nuanced Marketing Campaigns, Implementation of New Production Techniques, Product Portfolio, Exploiting Economies of Sales, and Strategic Promotional Activity and many others.
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Soy protein Isolate Market by Category
Based on Form, the global Soy Protein Isolate market can be segmented as:
Based on Application, the global Soy Protein Isolate market can be segmented as:
- Functional foods
- Bakery & confectionary
- Other Applications
Based on function, the global Soy Protein Isolate market can be segmented as:
- Fat & water absorption
- Other Functions
Based on Region, the global Soy Protein Isolate market can be segmented as:
- North America
- Latin America
- Middle East and Africa (MEA)