Global Isolate Organic Soy Protein Market is segmented by Application as Bakery and Confectionary, Meat Alternative, Dairy Alternative, Infant Formula, Animal Feed, Others; and Geography.
Market Overview
The global isolate organic soy protein market is projected to witness a CAGR of 3.5% during the forecast period (2020 - 2025).
The growing awareness among consumers, worldwide, regarding the health benefits of soy proteins is by far the leading driver for the global isolated organic soy protein market. The growing trend of veganism is also helping to boost the industry. One of the key avenues of expansion for the global soy protein market lies in the booming functional foods industry.
The isolate organic soy protein is facing competition from the non-organic soy food source and also from other organic oilseed products, such as flax and sunflower. However, the high cost involved in raw material processing and high production cost can dampen market growth. These two factors act as restraints for the isolated organic soy protein market growth.
Scope of the report
The global isolate organic soy protein market is segmented by application as bakery and confectionery, meat alternative, dairy alternative, infant formula, animal feed, and others and along with the detailed analysis of geographical regions.
Inclination Towards Meat-substitute and Dairy Free Foods
A large number of consumers are looking towards functional foods, animal and dairy-free products as a compensatory diet for the lack of a balanced diet, amid a hectic work-oriented life. With the increasing interest in health and nutrition among the consumers and the multiple end-use applications of organic isolate organic soy protein, the demand is expected to grow. Clean isolated soy proteins with minimum protein levels of 90 percent on a moisture-free basis, they can be used for enhanced nutrition and/or functionality in a variety of applications, thereby providing a perfect substitute for animal-based food products
Increasing Global Preference for Soy-Based Products
North America, Eastern, and Western Europe are dominating the isolated organic soy protein market. Owing to there increased inclination and adoption of organic and animal-free food products. Developing countries such as India and China are becoming more health-conscious and leaning towards healthy and nutritional food habits, which is expected to increase the demand for soy-based and clean label products in these developing nations. These trends in India and China and also neighboring countries are making Asia-Pacific the fastest-growing market to isolate organic soy protein.
Competitive Landscape
Some of the major players operating in the market are Archer Daniels Midland Company, Foodchem International Corporation, Chaitanya Agro Biotech Pvt. Ltd., Nature Republic Inc., and The Scoular Company. Companies such as Archer Daniels Midland Company are consistently providing high-quality isolated soy proteins, as it can be used in a long list of applications from beverages to extruded snacks and cereals, plus bars, dairy alternatives, meat, and meat alternatives, sauces, gravies, and soups, thereby providing standout performance and reliability to the food and beverage manufacturers.
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