Global Soy Protein Market to Exceed USD 5.88 Bn by 2022, Expects Meticulous Research in Its New Report Recently Published at MarketPublishers.com
08 Dec 2017 • by Natalie Aster
LONDON – By late 2022, the worldwide market for soy protein is likely to exceed USD 5.88 billion, posting sustainable growth at a CAGR of 6.6%. Growth in this market is spurred by a range of factors, including surging interest to high protein, expanding preference for healthy and nutritional diet, rising clean label trend, enhancing awareness of health and wellness amid people worldwide, increasing shift to healthy lifestyle and also remarkable changes in food consumption patterns. Besides, increasing awareness of various benefits associated with the protein consumption, rising consumer focus on meat alternatives, escalating demand from the food & beverage industry as well as considerable technological advancements are also adding to the soy protein market growth. Moreover, increasing adoption of vegan diet and sustained uptake in the developing countries of Southeast Asia, Latin America and Middle East & Africa will likely open lucrative growth opportunities for the soy protein market.
However, the soy protein market also faces certain growth barriers, for instance, high preference for animal-based protein and fluctuating raw materials prices, to name a few.
At present, North America is the key regional market for soy protein, and it is set to maintain its dominance through to 2022. Meantime, the APAC soy protein market is predicted to demonstrate the fastest growth till 2022, fueled by continued economic development, rising awareness of protein rich diet amid the local population, uptake in the regional food & beverage industry, surging urbanisation, rising health consciousness, amid other growth drivers.
New research report provided by Meticulous Market Research, titled “Soy Protein Market- Global Opportunity Analysis And Industry Forecast (2017-2022)”, includes a comprehensive overview of the global soy protein market performance. The study delves into the market segmentation (by protein types, applications and geography). Moreover, it comprises an all-round analysis of the key geographical markets for soy protein (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa).
In addition, a detailed analysis of the key market trends, a review of the market dynamics with vital details on the major growth drivers and restraints, profound insights into the prominent development trends and emerging opportunities are also available in this publication. Moreover, the report offers a reader an extensive analysis of the competitive scenario as well as provides valuable info on the recent strategic developments and initiatives of the leading market participants. 10 detailed profiles of the top companies active in the soy protein market and future forecasts for the global soy protein market up to 2022 are provided in this report.
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