Market Research Future (Food and Beverages) Soy Protein Ingredients Market | Page 4

Soy Protein Ingredients Market Forecast to 2023 Detailed in New Research Report
3 Sample Pages
Segments:
On the basis of type, soy protein ingredients market is segmented into soy protein isolates, soy protein concentrates,
soy protein flour and others which includes soy chunks and soy grits. Soy protein isolates is dominating the market
owing to its high protein content. However, soy protein concentrates is projected to witness substantial growth over
the forecast period.
Based on the application, soy protein ingredients market is segmented into bakery & confectionery, dairy & frozen
desserts, beverages, oil and fats, sweet & savory snacks and others. Beverage segment is dominating the market
among others. However, sweet & savory snacks segment is anticipated to grow substantially over the estimated
period. Moreover, functional foods and infant food formula are the growing industry in application of soy protein
ingredients.
Regional Analysis:
The global Soy protein ingredients market is segmented into North America, Europe, Asia Pacific and rest of the
world (RoW). North America is dominating the market followed by Europe. The U.S. is the major contributor for soy
protein ingredients market followed by Canada in North America. High inclination of consumers towards functional
food in Europe is driving the market for soy protein ingredients in this region.
Asia Pacific is projected to be the fastest growing region over the forecasted period. India and China are the major
contributors in this region owing to increasing health awareness and increase in consumption of healthy foods. Latin
America is also expected to witness moderate growth over the estimated period in which Brazil and Mexico are the
major contributors.
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