Soy Protein Ingredients Market Covering Prime Factors and Competitive Outlook till 2030

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Soy Protein Ingredients Market Demand to Cross
USD 12.5 Bn by 2030
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Overview of Soy Protein Ingredients Market

• According to a new research report by Global
  Market Insights Inc., the global soy protein
  ingredients market is projected to exceed a
  valuation of USD 12.5 billion by 2030.
• The notable rise in demand for nutritional health
  supplements and functional foods with high
  protein content is a leading factor stimulating
  the industry expansion between 2022 and 2030. The
  emergence of several health calamities, such as
  the COVID-19 pandemic, has accelerated the shift
  toward healthy foods and drinks. As a result, the
  demand for food products with enhanced
  nutritional composition and added health
  benefits, such as increased immunity and reduced
  fatigue, has gained momentum.
• This has created a positive outlook for the soy
  protein ingredients industry. For instance,
  global fortified/functional food sales reached
  USD 267 billion in 2020, while naturally healthy
  foods recorded revenues worth USD 259 billion in
  2020. The surge in the production of fortified
  food products will propel the demand for protein
  ingredients, thereby increasing the soy protein
  ingredients market share over the coming 8 years.

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Rapid proliferation of the baking industry to
boost the consumption of soy flour Concerning the
product paradigm, the soy flour segment accounted
for over USD 85.5 million in 2021 and is
anticipated to hold a noticeable revenue share by
2030. Soy flour is a rich source of isoflavones,
vitamins, minerals, and lecithin, the nutrients
having proven benefits in helping prevent cancer,
loss of bone mass, and lowering cholesterol. The
extensive use of soy flour in several bakery
products to improve their nutritional value and
texture through lipid oxidation will accelerate
business growth through 2030. Technological
advancements to foster the adoption of GMO soy
protein ingredients Soy protein ingredients
market from GMO segment is poised to expand at
around a 10 CAGR between 2022 and 2030. The
increasing advancements in gene modification
technology focused on improving crop yields and
the nutritional profile of soybeans will aid the
segment growth over the next 8 years. Several
regulatory authorities, such as the American
Soybean Association, have been working in favor
of introducing new genetically modified varieties
of soybeans, which is slated to create positive
growth prospects for GMO soy protein ingredients.
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Rising health concerns to drive product demand in
functional food applications With regard to the
application spectrum, the functional food segment
size exceeded USD 1 billion in 2021 and is
predicted to witness around 7 CAGR between 2022
and 2030. Unhealthy eating habits and hectic
lifestyles have resulted in the increasing burden
of chronic diseases. This has encouraged
consumers to shift toward more nutritional food
products and lead a healthy lifestyle, driving
the sales of functional foods. The expanding
health-conscious population and the increasing
expenditure on healthy foods and drinks will aid
the segment's growth. Positive outlook of the
animal feed industry to streamline industry
expansion across the Asia Pacific Asia Pacific
soy protein ingredients market is speculated to
record a valuation of over USD 3.5 billion by
2030. The Asia Pacific has a robust animal
husbandry sector, which has escalated demand for
high-quality animal feed, driving business growth
through 2030. In addition, the emerging health
and fitness trends, coupled with the increasing
demand for plant-based protein alternatives, will
positively influence the regional landscape.
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Footprint expansion to define the strategic
landscape Prominent enterprises in the soy
protein ingredients market include DuPont de
Nemours, Inc., Cargill, Incorporated., ADM,
Wilmar International, CHS Inc., US Nisshin
Shokai, Now Foods, Sotexpro, International
Flavors Fragrances, Inc., Wilmar International,
and others.  These firms have been focusing on
expanding their global footprint to increase
their brand visibility and gain a broad consumer
base. For instance, in September 2022, ADM, a
premier in animal and human nutrition, announced
the opening of a new extrusion facility in Serbia
with a view to expanding its non-GMO solutions,
including extrusion and origination capabilities
in the European Market. The company will
implement this move in collaboration with
SojaProtein, which it acquired in November 2021.
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Browse Full Research Report On Soy Protein
Ingredients Market _at_ https//bit.ly/3lAkeUI
Request for a sample of this research report _at_
https//bit.ly/3HPX9oi
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