Soy Protein Concentrates Market Summary
Soy protein concentrate (SPC) is 65% soy protein and is basically defatted soy flour without the water-soluble carbohydrates. It is made by removing part of the carbohydrates (soluble sugars) from dehulled and defatted soybeans.
SPC has improved flavor characteristics compared to soy flour, and is used for a wide variety of applications in the food industry, especially with meat processing. SPC is also used as a source for high quality protein in milk, fish and meat analogs, and animal feeds.
According to the new market research report “Global Soy Protein Concentrates Market Report 2024-2030”, published by QYResearch, the global Soy Protein Concentrates market size is projected to reach USD 3.24 billion by 2030, at a CAGR of 3.0% during the forecast period.
- Global Soy Protein Concentrates MarketSize(US$ Million), 2019-2030
Above data is based on report from QYResearch: Global Soy Protein Concentrates Market Report 2024-2030 (published in 2023). If you need the latest data, plaese contact QYResearch.
- Global Soy Protein Concentrates Top16Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Above data is based on report from QYResearch: Global Soy Protein Concentrates Market Report 2024-2030 (published in 2023). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Soy Protein Concentrates include ADM, CJ Selecta, IFF, Gushen Biotechnology Group, Caramuru Alimentos, Yuwang Group, Shandong Wonderful Industrial Group, Fujian Changde Protein Science and Technology, Shandong Zhongyang Biotechnology, Shandong Yuxin Bio-Tech, etc. In 2023, the global top five players had a share approximately 63.0% in terms of revenue.
- Soy Protein Concentrates,Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Soy Protein Concentrates Market Report 2024-2030.
In terms of product type, currently Aqueous Alcohol Washing Process Product is the largest segment, hold a share of 70.3%.
- Soy Protein Concentrates,Global Market Size, Split by ApplicationSegment
Based on or includes research from QYResearch: Global Soy Protein Concentrates Market Report 2024-2030.
In terms of product application, currently Food Industry is the largest segment, hold a share of 60.7%.
- Soy Protein Concentrates,Global Market Size, Split by Region (Production)
Based on or includes research from QYResearch: Global Soy Protein Concentrates Market Report 2024-2030.
Market Drivers:
Consumers are becoming more health-conscious, looking for protein sources that are plant-based and free from cholesterol and hormones. Soy protein concentrates offer a viable alternative to traditional protein sources like meat and dairy, appealing to those seeking healthier lifestyle choices.
Restraint:
The market for soy protein concentrates competes with other plant-based proteins, such as pea protein, wheat protein, and others, as well as with traditional animal-based proteins. This competition can affect market share and pricing.
Opportunity:
Emphasizing the health and nutritional benefits of soy protein concentrates, such as their high protein content, can attract health-conscious consumers looking for plant-based alternatives. Exploring new application areas, such as sports nutrition, infant formulas, and clinical nutrition, can provide opportunities for growth.
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