Hyderabad, India -- (SBWIRE) -- 02/19/2018 -- Market Data Forecast has announced the addition of the "Global Soy Protein Market by Type (Concentrates, Isolates, and Flour), Application (Infant Formula, Bakery & Confectionery, Meat Alternatives, Functional Foods, and Dairy Alternatives), Form (Dry and Liquid), and by Region - Global Forecast to 2021" report to their offering. The Global Soy Protein Market was valued at $375.5 USD million in 2016 and projected to grow at a CAGR of 16.5% to approach $ 805.82 USD million in 2021.

Soy protein is the least high-priced supply of dietary protein for the human body, also entitled as 'complete protein' that consists of aminoalkanoic acid. Soy protein is the major ingredient in the manufacture of various food products. In order to satisfy the proteins required for the body, they eat nutritious food which contains fake meats, supplements, cereals, tofu, and bread.

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Increasing awareness among individuals regarding the benefits of Soy protein products is fuelling the demand for market growth. Other prominent factors attributing the market growth are reducing the cost of soy products and government support for developing the organic soy farming. Growing vegan population is the major factor driving the demand for market growth. However, most of the people are allergic to soy and high cost in the manufacturing and processing is impeding the growth of the market.

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On the basis of products and services, the Global Soy Protein Market is fragmented into type and application. Under the categorization of application, the market is bifurcated into dairy alternatives, confectionery, functional foods, meat alternatives, bakery, infant formula, and other applications. In application, the functional foods sub segment accounts the largest share of the market. The functional food segment contributes the maximum growth owing to rise in functional food consumption among individuals across the globe. Because of increasing demand for soy milk, the dairy alternatives segment is predicted to grow at a fast rate.
On the idea of type, the soy protein market is classified as Flour, Concentrates, and Isolates. Due to the wide usage of protein ingredients in a variety of food products, the concentrates sub segment accounts the largest market share.

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Regional Overview
Based on region, the Global Soy Protein Market is segmented into Europe, and Asia-Pacific and the Middle-East and Africa regions, North America. Over 33% of market share is held by Europe in 2016, followed by North America. Due to the increasing demand for soy products, Europe region is holding the largest market share and Asia Pacific is the fastest region in the market share.

Prominent Players operating in the Global Soy Protein Market are Kraft Foods, Manildra Group, Bunge Alimentos SA, DuPont Agriculture & Nutrition, George Weston Foods, SunOpta Inc., Cargill Health & Food Technologies, Agrawal Oil & BioChem, Dupont, Natural Products, Inc., The Scoular Company, Biopress S.A.S, Omega Protein Corporation, Kellogg Company, Doves Farm Foods, Burcon NutraScience, Hodgson Mill, Gelita Group, Harvest Innovations, Frank Food Products, World Food Processing, Armor Proteins, Dean Foods Company, MGP Ingredients.

Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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