DUBLIN, Sept. 15, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/l6rp58/soy_protein) has announced the addition of the "Soy Protein Ingredients Market by Type, Application (Bakery & Confectionery, Meat Alternatives, Functional Foods, Dairy Replacements & Infant Foods), & by Region - Global Trends & Forecast to 2020" report to their offering.
The soy protein ingredients market is projected to reach USD 10.12 Billion by 2020, at a CAGR of 7.3%,
The market for soy protein ingredients has a significant impact on the consumption of health-related foods. The soy protein ingredients market is categorized, by type, into soy protein isolates, soy protein concentrates, and soy flours, which are used as inputs in bakery & confectionery products, meat alternatives, functional foods, soy milk, and infant foods. The soy protein ingredients market is segmented on the basis of its application, especially in the food industry.
This market is driven by functional properties such as water and fat absorption capacity, texture development, and viscosity proteins. Due to this, soy protein ingredients have various applications in many food segments, and more researches have been conducted to find newer applications. They provide an essential amino acid profile, which is necessary to consistently maintain good health. Soy protein ingredients contain low sugar, low fat content, and certain amount of isoflavones (which is found to be beneficial). These ingredients are environment-friendly when compared to the utilization of animal proteins such as milk and whey. Currently, there are some limitations in the soy protein ingredients industry, such as allergies and anti-nutritional factors, which have been key areas of product development.
Soy protein isolates is projected to be the fastest-growing market and is estimated to be reach USD 3.68 Billion by 2020. Europe is estimated to be the second-largest market in 2015, and is projected to grow at a CAGR of 6.6% during the forecasted period.
The soy protein ingredients market of each region witnessed development of diversified products through research & development by key players in order to identify protein alternatives with better utility value than animal origin. These companies cater the changing demands of the market through strong R&D facilities and have the resources to market their products across regions. Although the market faces competition from traditional sources of protein intake, the changing lifestyles of people and the growing awareness about the benefits of soy proteins strengthened market growth.
CHS Inc. (U.S.), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Wilmar International Ltd (Singapore), Kerry Group plc (Ireland), and Ag Processing Inc. (U.S.) are the leading players in this market.
These players have been implementing different strategies such as investment in infrastructural development and product launches to achieve global expansion and growth in the soy protein ingredients market.
For more information visit http://www.researchandmarkets.com/research/l6rp58/soy_protein
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SOURCE Research and Markets