ORGANIC SOY PROTEIN MARKET – By Type , By Application , FORCAST – 2016-2021

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ORGANIC SOY PROTEIN MARKET – By Type , By Application , FORCAST – 2016-2021

Global Organic Soy Protein Market Overview –

In 2016, the global organic soy protein market was assessed to be worth USD 225.8 million, with a forecast of USD 500.4 million by 2021. The market is estimated to reach 175.8 KT in volume by 2021, with a CAGR of 12.2 percent during the forecast period. The increased demand for organic products, government support for organic farming, the growing vegan population, and the high nutritional value of soy are all factors contributing to the organic soy protein market’s rise. The demand for organic soy protein is predicted to increase from 2016 to 2021, owing to rising consumer awareness of the health and nutritional benefits of organic foods, as well as the numerous end-use applications of soy protein.
Plant-based protein is becoming more popular, and soy is by far the most popular plant-based protein source. These factors have prompted the use of organic soy protein in a variety of food applications, including the functional food production industry. The organic soy protein market has grown due to a shift in customer preferences toward organic, healthy, and nutritious foods in countries such as North America, Europe, and Asia-Pacific. Consumer purchasing capacity in developing countries such as India and China is increasing, providing an opportunity for manufacturers to enter these markets.

Key Market Trends –

Vegans are turning to organic soy protein as a new source of protein.
Veganism, a popular lifestyle choice, is helping to propel the organic soy-based protein market forward. These proteins are quickly becoming a part of functional foods that help to correct for nutritional imbalances that might occur as a result of a hectic lifestyle.

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The development of organic soy protein considerably meets the protein needs of the vegan community. Furthermore, the organic soy protein products are low in carbohydrate, non-GMO, gluten-free, and available in a variety of tastes, giving customers a variety of choices. As a result, manufacturing companies have a lot of room to innovate in order to broaden their product offerings.

Key Players

The Scoular Company
Cargill Health and Food Technologies
Armor Proteins
Burcon NutraScience
Kellogg Company
ADM
MGP Ingredients
SunOpta, Inc.
George Weston Foods
Kraft Foods
Natural Products, Inc.
Harvest Innovations
Omega Protein Corporation
Devansoy Inc.
Kerry Ingredients Inc.
Bunge Alimentos S.A.
DuPont

By Type

Soy protein concentrates
Soy protein isolates
Soy protein flour

By Application

Functional foods
Infant formula
Bakery & confectionery
Meat alternatives
Dairy alternatives

By Region

Asia
Pacific
China
India
Japan
South Korea
Australia
Singapore
Malaysia
Europe & CIS
France
Germany
United Kingdom
Italy
Spain
North America
United States
Mexico
Canada
South America
Brazil
Argentina
Colombia
Middle East and Africa
South Africa
Saudi Arabia
UAE
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