Global Soy Protein Ingredients Market Size To Worth USD 10.8 Billion By 2027 | CAGR of 7.0%

The Global Soy Protein Ingredients Market Size was valued at USD 7.7 Billion in 2022 and the Worldwide Soy Protein Ingredients Market Size is expected to reach USD 10.8 Billion by 2027, according to a research report published by MarketsandMarkets. Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global soy protein ingredients market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumer awareness, health consciousness, demand for soy-based meat alternatives, changing lifestyles, and consumption patterns drive the demand in the soy protein ingredients market. 

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=857 

The food segment by application dominated the market with an estimated value of USD 6,282.1 million 

Soybean and processed products are the most important ingredients in the food & beverage industry, and their functionality is still being studied. They have a major share in the meat alternatives and functional food segments. Technological advancements have helped enhance the functionality of soy protein, which has led to the successful replacement of meat protein with soy protein. Infant formulations for lactose intolerants comprise a large amount of soy protein isolates containing no lactose. Soy protein are formulated to suit specific applications, such as bakery, confectionery, beverage, dairy replacers, or meat alternatives. Consumer shift towards plant-based food is expected to drive the food segment in soy protein ingredients market. 

Soy Protein Isolates soy protein type in the soy protein ingredients market is projected to grow at the highest CAGR of 7.4% during the forecast period 

Soy protein isolates are used not only to improve the texture of meat products but also to increase protein content, enhance moisture retention, and emulsify. The additional benefit of using soy protein isolates is their bland taste and high protein content; also, they are low in fat, oligosaccharides, and fiber, causing less flatulence due to bacterial fermentation. They are considered significant ingredients by food industries for their functional benefits. The food industry is the largest user of pure SPI, which is also used in the health/pharmaceutical industry. Soy protein isolates are also important ingredients in bakery products. They have the highest protein content (around 90%) out of all the types of soy protein available which is projected to drive their demand in the market. 

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=857 

Dry segment by form is estimated to dominate over the forecasted period 

In the industry, powdered or dry ingredients are excellent texture enhancers. Moreover, with the rise in demand for meat alternatives, with growing trends for plant-based foods, industries are focused on maintaining the texture of soy-based food. They are trying to make it as close as to the texture of meat. Players in the soy protein ingredients market thus include texturized soy protein ingredients in their portfolios. They are mostly in dry form; thus, the rise in demand for texturized soy protein is driving the demand for dry form soy protein. Moreover, their longer shelf life, convenient packaging, ease of use in recipes, and ability to blend with other components is driving their demand in the market.