The
growing awareness about the benefits of soy products is expected to
drive the growth of the global organic soy protein market. The
growing health awareness among consumers is expected to boost the
demand for organic soy protein. The trend of shifting from dairy
products to soy is gaining traction worldwide and is estimated to
boost the growth of the market. The price of soy protein products is
cheaper than other similar products. This will help drive their sales
and consumption. Soy protein is a complete protein source for human
body and comprises amino acids. Organic soy protein market is also
driven by the increasingly turning vegan population as it fulfills
their protein demand. Organic soy protein is also in demand from
people suffering from chronic diseases, diabetes, and obesity. The
increasing popularity of organic products will also aid the growth of
this market.
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Increasing
recommendations for healthy eating by doctors and rising awareness
among consumers about the side effects of consuming unhealthy foods
is fueling the demand for organic soy proteins. An increasing shift
by consumers from meat products to soy products will also help this
market’s growth in the period from 2016 and 2026. The demand for
these products is also increasing from those consumers who are
lactose intolerant and cannot have milk and milk products. On the
other hand, the market is threatened by the availability of
non-organic soy protein, which is even cheaper. This will restrict
the growth of the market.
Soya
protein is the least expensive source of dietary protein, also
entitled as ‘complete protein’ for a human body which contain
amino acid. Today’s supermarket aisle are filled with many meat
alternative for vegan or vegetarian to fulfil their dietary demand of
protein rich nutritious food such as salad dressings, soups, fake
meats, infant formula, breads, cereals, tofu and supplements. From
food varieties to hand lotion to firefighting foam, soya is a
versatile humble bean. Compared to varied range of applications,
dairy alternative application of organic soy protein is projected to
have a significant growth followed by meat alternative application.
Concentrated form of organic soya protein is comparatively in higher
demand; from both consumer and manufacturer end. As it has excellence
to replace the significant percentage of protein in other products
without affecting their taste, texture and color. Whereas it has non
allergic character which makes it favorable among manufacturer.
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Organic
Soy Protein Market: Drivers & Restraints
Obesity,
diabetes and other chronic diseases are arising with significant
percentage of population for their improper modern life style. It is
not limited to any particular region but spreading worldwide. To
control and cure these diseases doctors are recommending healthy
eating. People are becoming more aware of modern life style’s side
effect and prefer precaution over cure. This shift from traditional
dairy and meat product to soya product is the main factor for organic
soy protein market growth. Rising popularity of organic food among
healthy eater is another driving factor propelling organic soy
protein market.
Besides
experiencing unprecedented market growth, organic soy protein is not
only facing competition from non-organic soya food source but also
from other organic oilseed products such as flax and sunflower. Some
people are allergic to soya or high protein intake. These two factors
acts as a restrain in the growth of organic soy protein market.
Organic
Soy Protein Market: Regional Outlook
Based
on the geographies, organic soy protein market is segmented into
seven regions - North America organic soy protein market, Latin
America organic soy protein market, Eastern Europe organic soy
protein market, Western Europe organic soy protein market, APEJ
organic soy protein market, Japan organic soy protein market and the
Middle East & Africa organic soy protein market. Among the
regions mentioned above, North America, Eastern and Western Europe
are dominating global market of organic soy protein. Due to speedy
growth in urban life style, population of India and China are
becoming more health conscious and leaning towards healthy and
nutritional food habits. This trend in these and nearby countries are
making Asia Pacific (excluding Japan) fastest growing market for
organic soya protein. Middle East & Africa has a steady demand
for organic soya protein.
Organic
Soy Protein Market: Key Players
Few
of the market players accounting over organic soy protein market
includes Burcon NutraScience, Harvest Innovations, Armor Proteins,
World Food Processing, George Weston Foods, ADM, Devansoy Inc.,
Kellogg Company, The Scoular Company, Omega Protein Corporation,
SunOpta Inc., MGP Ingredients, Dupont, Bunge Alimentos SA. Currently
soya protein market is experiencing unique beneficiaries of success,
hence competition in this market is increasing intensely, and this
attract many new entities to enter this industry. Following are the
other companies operating in an organic soya protein market; Kraft
Foods, FRANK Food Products, DuPont Agriculture & Nutrition,
Hodgson Mill, Dean Foods Company, Agrawal Oil & BioChem, Manildra
Group, Biopress S.A.S., Gelita Group, Natural Products, Inc., Cargill
Health & Food Technologies, Kerry Ingredients Inc., Doves Farm
Foods.
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