The Global Organic Soy Protein Market is projected to reach a value of over USD 5.23 billion by 2027 at a CAGR of around 8.9%.
Soy protein is a protein isolated from the soybean. The vegetarian diet has become more widespread recently amongst populations owing to the difference of choices, including ecological, ethical and health aims. Soy protein can replace a significant amount of other proteins in many food products without affecting the taste, color, or texture of the product, at the same time enhancing the nutrient value of the product. Benefits of soy protein such as it improve cholesterol level, improve fertility, reduce menopause symptoms, and others have gained popularity in a vegetarian diet. Thus, owing to its properties, soy protein is used in various applications such as breakfast cereals, baked food, and others. Moreover, organic soy protein is gaining popularity amongst food manufacturers owing to clean labels and non-allergic properties.
Market Driver:
Eating soy protein is one of the best ways to increase the plant protein, and including soy protein in our diet can oppose more carbohydrates and has cardiovascular benefits such as lowering blood pressure. Soy protein is naturally cholesterol-free and low saturated fats as compared to proteins obtained from animals. The consumption of soy protein can help to reduce the risk of developing cardiovascular disease. Moreover, some health benefits of organic soy protein are improving fertility, lower cholesterol, and reduce menopause symptoms. Thus driving the demand for organic soy protein from the health conscious population is expected to fuel the market growth. According to the World Health Organization (WHO), In 2016, 17.9 million people died from cardiovascular disease, representing 31% of all global deaths.
Soy protein often serves as the major source of proteins and nutrients required by the vegans. Thus, there is a demand from the vegan population of protein and is being fulfilled by organic soy protein. Moreover, organic soy proteins are non-GMO (Genetically Modified Organisms), low in carbohydrate content, come in multiple flavors, and gluten-free giving consumers a choice of option to vegan population. Furthermore, the major players are focusing to expand more innovations to expand its product offering to its consumers. Thus, increasing the vegan population coupled with the benefits offered by soy protein has expected to boost the organic soy protein market over the forecast period.
Market Restraint:
Organic soy protein is experiencing remarkable growth in the market owing to various benefits offered. Thus, it is not only facing competition from non –organic soya food source but also from other organic oilseed products such as sunflower and flax. People those allergic to high protein intake or soya tend to shift their preference to other available alternatives. These are two major factors are expected to hinder the growth of organic soy protein during the forecasted period.
The report on the organic soy protein market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (Kiloton) |
Segments Included |
Type, Form, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Organic Soy Protein Market, by Type
Organic Soy Protein Market, by Form
Organic Soy Protein Market, by Application
Organic Soy Protein Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Organic Soy Protein MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY