AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Soybean Protein market - Global outlook to 2027". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Soybean Protein market to grow at a CAGR of 5.6% to aggregate USD7.8 Billion by 2027.
The Function, such as Nutrient, is boosting the Soybean Protein market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Form , such as Dry Soy Protein, is boosting the Soybean Protein market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Soybean Protein market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Health Benefits of Soy Protein, Technological Development for Greater Functionality and New Blends for New Applications, Increasing Scope of Application and Increasing Application of Soy Protein as Animal Feed.
Soybean protein comes from soybeans and offers multiple health benefits. Consumption of soybean protein has many health benefits and contribute to lower incidences of coronary heart diseases, atherosclerosis, type 2 diabetes, and decreased risk of certain types of carcinogenesis, among others. Furthermore, owing to the proven health benefits, the demand has been increased worldwide significantly. Soybean protein has also introduced health benefits in the application of animal feeds. And these key factors contributing to the growth of the global soybean protein market during the forecast period.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Soybean Protein market by Type (Soybean Protein Isolates, Soybean Protein Concentrates and Soybean Protein Hydrolysates), by Application (Functional foods, Meat alternatives, Dairy alternatives, Infant formula and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market