Market Research Future (Food and Beverages) Soy Protein Ingredients Market | Page 3

Soy Protein Ingredients Market Forecast to 2023 Detailed in New Research Report
2 Market Overview
Soy protein ingredients are gaining popularity in various industries such as bakery & confectionery, dairy & frozen
desserts, beverages, oils and fats, sweet & savory snacks and others owing to its high functional and nutritive value
which is driving the growth of the market. Increasing vegan population and high inclination of consumers towards
substitute of animal protein is boosting the growth of soy protein ingredients market.
Increasing demand for efficient and cost effective ingredients in infant foods is further boosting the growth of soy
protein ingredients market. Moreover, increasing health conscious population and growing trend of adding functional
foods and nutritional supplements in their diet is thrusting the growth of soy protein ingredients market. However,
possible side effects associated with soy protein such as increases in estrogen levels and decrease in testosterone
may hamper the growth of the market.
Intended Audience:
 Bakery industry
 Supplement industry
 Beverage industry
 Dairy industry
 Food processing industry
 Traders, importers and exporters
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