Growing awareness of wellness and immunity has encouraged the incorporation of nutritional values in food products. With this upward trend, the frequency of product launches in the food sector has increased
DUBAI, UAE / ACCESSWIRE / March 3, 2021 / Future Market Insights: FMI states in its recent study on the soy protein isolate market that the market will record an impressive CAGR of 5.2% through 2031. Demand for soy protein isolate is anticipated to continue surging particularly due to the focus on sustainability of ingredients used.
'marketing strategies mostly focus on fresh products offering safety and primarily, enhanced health benefits.' says the FMI analyst.
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Soy protein isolate Market - Important Highlights
- Soy protein isolator's role as a fat and water absorber is widely sought after worldwide.
- Soy Protein Isolate is mainly used in bakery and confectionery, as a wide range of bakery and confectionary items are being developed by incorporating soy protein isolates.
- The U.S. is one of the leading markets for soy proteins and is anticipated to dominate the market during the forecast period.
- China is a pioneer in the production of soy protein isolates and has completed a maximum number of patents over the last five years (2015-2020).
Soy protein isolate Market - Drivers
- Rise in awareness among consumers regarding their health and wellness
- As customers become increasingly aware of the value of the use of plant-based proteins such as soy protein isolates, producers can expand their product line by introducing new products.
- Soy protein isolates are an ideal alternative for people with special needs such as vegans, vegetarians, and lactose intolerant, which is driving the growth of the market.
- Soy protein isolates are known to provide multiple health benefits to patients with obesity-related disorders, such as inflammation and fatty liver disease is anticipated to boost the growth of the market.
- Soy protein isolates can remain an excellent choice for organic and green protein alternatives that meet additional requirements for the nutrient content of aqua-feeds.
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Soy protein isolate Market - Restraints
- The high costs involved in the manufacturing of raw materials and the high cost of production will limit the market growth.
- Fluctuation in prices and production volumes owing to several factors is restraining the growth of the market.
COVID-19 Impact on Soy protein isolate Market
During the onset of COVID, the market was driven by the stockpiling of groceries which was followed by a lockdown. As health and hygiene were on the top priority list of customers, there was a rapid increase in sales in soy protein isolate due to their source of essential nutrients. During the onset of lockdown, there was an increase in demand generated from the eCommerce stores.
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The soy protein isolate market players are going for expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge.
For instance, For eg, Cargill Inc., an American privately owned global food company headquartered in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware Cargill entered into a relationship with Iowa Soya and Quantified Ventures.
Some of the leading companies operating in the soy protein isolate market are Archer Daniels Midland, Cargill Inc, Fuji Oil Holdings Inc, far best, Kerry., Batory Food, CHS Inc., Crown Soya Protein Group E.I., The Scoular Company
About the Study
The study offers readers a comprehensive assessment of the soy protein isolate market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product form( Dry, Liquid), application (Functional foods, Bakery & confectionary, Other Applications), function(Nutrients, Emulsifier, fat & water absorption, Texturants) and across key regions such as North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa.
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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