Product insights
The soy protein concentrates segment accounted for highest consumption , valued at over 30 % of the overall global demand , in 2015 . The major reason for the high consumption is the presence of low cholesterol and saturated fats in these products
The soy protein isolates segment accounted for the second largest share , with a share of 15 % of the overall demand in 2015 . These products are primarily used in the processing of meat products and food & beverage industries , comprising 90 % protein content .
Among animal-based products , the whey protein segment accounted for the second-largest share of the consumption volume , accounting for over 15 %.
Regional insights
North America recorded the highest regional demand of over 35 % for the product in 2015 . This high share can be attributed to the increasing demand from the pharmaceuticals , food & beverages , and cosmetics industries , coupled with increasing awareness about the health benefits of the products among consumers .
The U . S . market for the product is expected to grow on account of the rising consumption of energy bars , cold cereals , and snacks . Moreover , this trend is expected to continue during the forecast years owing to the changing lifestyles and rising demand for ready-to-eat snacks and supplementary diets .
The economic development and rise in demand for healthier food in the Asia Pacific region , particularly in China , India , South Korea , and South East Asian countries , are expected to fuel the product demand during the forecast period . The low cost of manufacturing , along with the growth of the healthcare , personal care , and food & beverages industries , is expected to drive the growth of the industry in the region , at a CAGR of over 7 %.
Competitive insights
The industry is highly competitive , with the presence of a large number of manufacturers across the globe . The industry is dominated by two key participants , namely , ADM and Cargill , Inc ., followed by DuPont , Bunge , and Mead Johnson .