Soy protein concentrate is primarily defatted soy flour devoid of
water-soluble carbohydrates, and comprise of 70% soy protein. Soy
protein concentrate is prepared by eliminating soluble sugars from
defatted and dehulled soybeans. Soy protein concentrate retains
majority of fiber content of the original soybean.
Demand for Soy Protein Concentrate to Gain Momentum as an Economical
& Highly Nutritious Food Product
With consumers becoming better informed about nutrition, the food
processing industry has adopted formulas/recipes that meet the
changing marketplace demands. In addition to tackling issues
concerning provision of nutrition-rich food, manufacturers are also
emphasizing on their products’ appearance, texture, and taste.
Number of health- and diet-conscious consumers is most likely to
increase in the near future, resulting into increased demand for
calorie-controlled & tailored nutritional foods. This will
further accelerate demand for soy protein concentrate as an
economical and highly nutritious food product. In light of their
texture-forming and better functional properties, there is no doubt
in soy protein concentrate’s pivotal role in this modern world of
restructured food technology.
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Food processors across the globe are focusing on new product
innovations such as GMO-free soy protein concentrate with the aid of
product formulation changes, which in turn has resulted into an
increased consumer demand. The fast-paced lifestyles of people in
developed and developing regions have resulted into a rise in demand
for ready-to-eat nutrition-rich food products, and availability of
such soy protein products will further lead towards their market
expansion. In addition, demand for soy protein concentrates is
significantly high in several food industries such as functional
foods, bakery & confectionery, and infant foods. A recent
research study by Transparency Market Research (TMR) has projected
the global market for soy protein concentrate to showcase a steady
rise during the forecast period, 2017 to 2026. Global sales of soy
protein concentrates are estimated to account for roughly US$ 4,400
Mn revenues by 2026-end.
APEJ will continue to be Largest Market for Soy Protein Concentrate
Asia-Pacific excluding Japan (APEJ) will continue to be the largest
market for soy
protein concentrate, with sales estimated to reach
approximately US$ 2,000 Mn in revenues by 2026-end. Growth of APEJ’s
market can be highly attributed to increasing demand for clean label
products, and rising awareness about plant-based & healthy food
products in the region, particularly in China and India. Between
Europe and North America, the former will account for a larger market
revenue share, whereas the latter will register a relatively faster
expansion in the market throughout the forecast period.
Animal feed is expected to remain the most lucrative application of
soy protein concentrate. Revenues from sales of soy protein
concentrate for animal feed is likely to account for over two-fifth
share of the market by 2026-end. Application of soy protein
concentrate in meat processing will register a robust expansion in
the market through 2026.
Competition Tracking
Key market players profiled in TMR’s report include Archer Daniels
Midland, Cargill Inc., Wirmal International, Batory Foods, Nordic Soy
Oy, Nutra Food Ingredients LLC, Food Chem International Corporation,
Gremount International Company Limited, Euroduna Food Ingredients,
and CHS Inc.
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