Soy Protein Ingredients Market to 2030 - Opportunity Analysis & Growth Insights

1. Soy Protein Ingredients Market by Competitive Strategies, Trends Analysis and Forecast to 2030

2. The demand for plant-protein is critically rising worldwide subject to the low calorific value, lower risk of cardiovascular diseases, improving overall health, and growing environmental issues. Amidst this rise, it would be quite safe to declare that the market for soy protein ingredients has gained limelight for a while now. • Soy protein isolate, one of the most common protein ingredients present in the market, is currently witnessing a renewed demand as a dairy replacer. The ingredient is used as an alternative to non-dairy beverages, milk powder, and other forms of milk products. • Of all the plant-based protein sources available, soy boasts of high protein content which is relatively higher than all other beans cultivated for human consumption. Some of the prominent benefits of consuming soy protein ingredients like isolates or concentrates include: • Enhancing muscle growth • Lowering the cholesterol level • Boosting energy • Controlling diabetes and obesity

3. Soy protein isolates are used in the production of ice cream, instead of skimmed milk powder, thereby improving the emulsification properties of the product, averting the sanding phenomenon, and delaying the crystallization of lactose. Having said that, the expanding lactose intolerant population worldwide is projected to open new opportunities for use of soy protein ingredients in dairy products. Currently, the lactose intolerance in global population stands at 65%, as claimed by ProCon.org. • The trend of veganism is rising phenomenally with the growth in vegan population increasing three-folds over the last decade. In this regard, the demand for vegan protein has surged, paving way for the consumption of soy protein. Since soy protein is capable of providing all the amino acids required for human development, medical experts have begun recommending it as a potentially healthier substitute for meat. • Moreover, soy protein concentrates and isolates are the most commonly used ingredients in production of burger-, sausage-, and meat muscle-like meat analogues. • In 2006, the European Society for Pediatric Gastroenterology Hepatology and Nutrition Committee on Nutrition as well stated that soy protein formula can be used for feeding terms in infants, strengthening its position in the infant food market.

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5. ‘The global meat consumption is anticipated to reach between 460 million and 570 million tons by 2050’- World Counts statistics • As the demand for meat or other livestock products is increasing in the integrated food chain, animal feed has become a crucial component. To this end, protein supply in feed for livestock production has emerged as a topic of debate and concern with the general public. Considering the protein ingredients in animal feed, soy protein concentrate is the most common ingredient used in feed for young animals. It contains 65% crude protein. • Besides, high quality soy protein isolate is ideal for milk substitutes for newly born ruminants and pigs while replacing other most expensive protein sources. • In the coming years, the demand for more sustainable plant-protein sources is projected to gain momentum, credited to the developments being made by companies. Benson Hill, for example, launched an all-new soy protein ingredient portfolio. Named Truvail, the brand features unique sustainability benefits for diverse food applications. This would allow food manufacturers with immediate cost, water, and carbon use supply chain benefits. Such advancements are positive of supporting the soy protein ingredients market expansion.

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