North America soy protein concentrate Market size to exceed $260mn by 2027

North America Soy Protein Concentrate Market size is set to surpass USD  260 million by 2027, according to a new research report by Global Market Insights, Inc.
 

Significant rise in number of individuals with health problems has boosted the consumption of healthy food products which should stimulate North America soy Protein Concentrate industry growth. Rising awareness about the health and wellness has led the demand for protein rich diet which should boost the demand for soy protein concentrate. Rising advancements in ingredients along with increasing demand for Plant based protein should augment soy protein concentrate demand.

 

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Increasing consumer awareness about the protein benefits along with growing adoption of vegan food products should augment the North America soy protein concentrate market forecasts. Protein rich diet help in avoidance of various health problems including cardiovascular disease owing to increasing incorporation of protein rich diet. Soy protein concentrate is widely used as a nutritional and functional ingredient in various food products including meat and bakery products which should accelerate the North American market share.
 

Increasing demand for feed grade soy protein concentrate from animal feed industry will foster soy protein concentrate demand

North America soy protein concentrate market from feed grade surpassed USD 65 million in 2020. The product is widely used as a substitute to animal protein as it is suitable to variety of birds, fishes and animals. Soy proteins are obtained from soybeans which offers nutrients like glycinin, oligosaccharides and beta conglycinin which improves the health conditions of animals. The feed grade soy protein concentrate helps in reduction of indigestible carbohydrates and offers high amount of amino acids thereby reducing unwanted nutrients which should stimulate market trends.
 

The genetically modified (GM) soy protein concentrate market will witness over 6.8% CAGR up to 2027. Use of genetically modified (GM) seeds has increased in North America as these improve agricultural productivity and reduce the use of chemical fertilizers which pose health hazards to humans. Increasing number of farmers are opting for genetically modified (GM) seeds and crops as these offer higher yields. This trend may accelerate the market growth.
 

“North America soy protein concentrate from food grade application is forecast to witness over 7% CAGR through 2027 owing to rising consumer demand for protein rich food products”
 

 Browse key industry insights spread across 160 pages with 120 market data tables and 27 figures & charts from the report, “ North America Soy Protein Concentrate Market Statistics By Grade (Food Grade, Feed Grade), Function (Texturants, Water & Fat Absorption, Emulsifier, Nutrients), Application (Meat Processing, Animal Feed {Swine, Poultry, Aquaculture, Cattle}, Bakery & Confectionery), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/north-american-soy-protein-concentrate-market

 

Increasing application of plant-based protein supplements in animal feed will foster soy protein concentrate demand

North America soy protein concentrate market from aquaculture application is estimated to register over 9% CAGR between 2021 and 2027. Soy protein concentrates are pure proteins which are widely used for trout and salmon feeds owing to its application in aquaculture industry. The product has wide demand form aquaculture industry owing to the new technologies which have led the separation of anti-nutrients from the soy protein and should stimulate the industry landscape.
 

North American industry from poultry application is set to register around 4.5% CAGR through 2027. The soy protein concentrate is used as a pre starter feed as it provides high protein content which should boost the product penetration.
 

“U.S. soy protein concentrate market should witness significant gains of 7% from 2021 to 2027 owing to consumer inclination towards protein rich diet”
 

Key players operating across North America soy protein concentrate market key market include Cargill, DuPont Nutrition & Biosciences, Archer Daniels Midland Company, Wilmar International, Food Chem International Corporation. Several industry players are also involved in various strategies and initiatives including product launches, and mergers & acquisition in order to gain substantial market share.
 

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