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North America Soy Protein Concentrate Market Size

  • Report ID: GMI4962
  • Published Date: Feb 2021
  • Report Format: PDF

North America Soy Protein Concentrate Market Size

North American soy protein concentrate market size exceeded USD 165 Million, in 2020 and is estimated to grow at over 7% CAGR between 2021 and 2027. Rising health concern in individuals should stimulate North American industry demand.

 

North American soy protein concentrate market

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Soy protein concentrates are high and concentrated protein commercial food product obtained from soybean. Dehulled and defatted soybeans are processed for production of soybean concentrates which are highly used as vegan protein source. Soy protein concentrate provides all essential amino acids required for human nutrition for a healthy living.
 

Soy protein concentrate is produced from 70% soy protein and rest other part is defatted soy flour which is used for different applications including animal feed, meat processing and bakery products. Soy proteins have high market demand as it provides high protein content which is extremely healthy for body. Consuming soy protein in some amount daily reduces the risk of heart disease which is likely to drive the soy protein concentrate market share.
 

Soy proteins are differentiated based on grade which are feed grade and food grade for its usage. Food grade soy protein is used for its application in bakery products which is easily digested by human and has high number of nutritional benefits owing to its wide demand from food industry. Furthermore, feed grade soy protein is used as an alternative to milk-based proteins and widely used for its feeding birds, fishes and newborn chickens owing to its wide demand from animal feed industry.
 

The product is segregated on the basis of its function including emulsifier, nutrients, texturant, water and fat absorption pertaining to its increased demand from food industry. Soy protein is used as a fat absorbent in sport drinks owing to its wide demand from fitness drink manufacturers. Manufacturers widely use soy protein in infant food products owing to its nutritional benefits which should stimulate the soy protein concentrate market demand.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The North America soy protein industry share was pegged at over USD 165 million in 2020 and will expand with more than 7% CAGR up to 2027.

The market share from food grade segment in North America was over USD 95 million during 2020 and will grow due to the demand for cereals, bakery products and certain fitness beverages.

The regional industry share from the nutrients function segment will register around 7.3% CAGR over 2021-2027 owing to increased consumption of fitness food and beverage products.

U.S. soy protein concentrate industry size had reached USD 135 million in 2020 and will grow with the demand for minerals, vitamins and protein dietary supplements, among other factors.

North America Soy Protein Concentrate Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 9
  • Tables & Figures: 147
  • Countries covered: 3
  • Pages: 160
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