The soy protein isolates market is set to exhibit impressive growth in the coming years, finds Future Market Insights in a new study. It is expected to surpass US$ 2.69 Bn by 2021. Soy protein isolates 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. Made from all-vegetable protein and rich in flavones, soya protein insulation has gained significant acceptance from consumers worldwide.
As quality products, these are well-thought-out and are used in milk drinks for its high dispersibility. Soy protein isolates are the second-largest product segment in the global market for soy protein. The additional advantages of using soy protein isolates are low-fat content, bland taste, oligosaccharides, and fibre.
Soy protein isolates are increasingly used in infant formula. They also are used for the enrichment of protein in meat systems, functional foods, weaning foods, and dairy replacements. For patients with obesity-related disorders such as inflammation and liver disease, soy protein isolate offers several health benefits. However, functional foods continue to account for increasing application. According to FMI, the functional foods segment will hold over 65% of the overall market in 2021, in terms of application.
The increase in obesity and the correlation of fatty liver disease with life-threatening conditions such as cardiovascular disease is expected to drive substantial growth in the soy protein isolate market. An increasing number of consumers are shifting to vegetarianism. This is a result of rising awareness about animal welfare. This will aid overall expansion of the market.
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Key Takeaways from Soy Protein Isolate Market Study
- Soy protein isolate market is expected to register a little below 5% Y-o-Y growth in 2021
- According to FMI, the U.S. is expected to hold more than 88.8% of share in North America in the year 2021
- Exhibiting over 4% Y-o-Y growth, the U.K. will remain a key market in Europe
- Growth in Germany and France is expected to be supported by higher focus on health and wellness
- The rising demand for plant-based alternatives will fuel demand in China, Japan, and South Korea
“Manufactures are increasingly investing in research and development activities to offer better quality products to consumers. This also resulted in a flurry of product launches in the last few years, which is expected to remain a chief driver of the market” said a lead analyst at FMI
Who is Winning?
Emerging countries represent an exceptional opportunity for soy protein isolate producers. For instance, the bustling food industry of China and inclination for plant-based food items have been attracting some of the leading market players. Besides this, FMI observes significant focus on product launches and strategic collaborations among market players.
- In 2017, DuPont launched SUPRO XT 55, an isolated soy protein in protein beverages. This enhanced the company’s product portfolio.
- In 2019, the Scoular Company and Rogers grains join forces in Ohio specialty corn and soybeans business.
- In 2019 Cargill entered into a partnership with the Iowa Soybean Association, and Quantified Ventures to advance agricultural conservation in Iowa, the United States.
- In 2019, Cargill signed a joint venture agreement with Archer Daniels Midland Company,
Some of the key players operating in the soy protein isolate market are, Archer Daniel Midland, The Scoular Company, Kerry, Burcon, Farbest, Cargill Inc., Scoular, Batory Food, CHS Inc., Crown Soya Protein Group E.I., Fuji Oil Holdings Inc., Dupont De Numerous Company, Food Chem International, Nutra Food Ingredients LLC, Osage Food Products, and And other players.
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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)
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