The new market research report “Soy Protein Concentrate Market” by Transparency Market Research predicts sustained positive growth for the global market for soy protein concentrate in the forecast period 2017 to 2026. The report examines the size of the market, market participants’ shares, growth, trends and forecasts for the future.
According to the recent market study, global sales of soy protein concentrates will increase to around USD 4,400 million by the end of 2026. Vegans and vegetarians are an important driver. The number of health- and nutrition-conscious consumers is likely to increase further in the near future, which will lead to an increased demand for plant-based foods. This will further accelerate the demand for soy protein concentrate as an economical and nutritious food.
Globally, the Asia-Pacific region will continue to be the largest market for soy protein concentrate, with estimated sales of approximately $2,000 million by the end of 2026. Tranparency Market Research also names some of the most important market players, such as Archer Daniels Midland, Cargill Inc, Wirmal International, Batory Foods, Nordic Soy Oy and Nutra Food Ingredients LLC.