Asia-Pacific Soy Protein Concentrate Market – Industry Trends and Forecast to 2028

Market Analysis and Insights: Asia-Pacific Soy Protein Concentrate Market

The Asia-Pacific soy protein concentrate market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 14.3% in the forecast period of 2021 to 2028 and is expected to reach USD 1,534.60 million by 2028. The rising demand for soy protein concentrate in different industries for different functions is a driver for growth in the Asia-Pacific soy protein concentrate market.

The soybean [Glycine max (L.) Merrill], a native of China, has been used as one of the most important dietary protein and oil sources. As a result, this small old bean has been dubbed "yellow diamond," "great treasure," "nature's miracle protein," and "meat of the field. “Recently, the soybean has been hailed as a potential weapon against chronic diseases in the Western world. Soybean combines the world's major source of edible vegetable oil with the world's dominant supply of high-protein feed additives for livestock in a single crop. Soy protein concentrates are made by extracting the soluble carbohydrate fraction and certain taste components from a defatted meal. Carbohydrate removal is accomplished through three fundamental processes: 1. acid leaching (isoelectric pH 4.5), 2. Aqueous ethanol extraction (60-80 percent), and 3. Moist heat-water leaching. These treatments cause proteins to become insoluble, but part of the carbohydrates remains soluble, separated by centrifugation. In order to generate soy protein concentrate, the solids containing primarily proteins and insoluble carbohydrates are dispersed in water, neutralized to pH 7.0 if necessary, and spray-dried. Most commercial soy concentrates are made by the aqueous alcohol extraction or acid leaching process.

The soy protein concentrate is prepared from high-quality, sound, clean, dehulled soybean seeds by removing most of the oil and water-soluble non-protein constituents and must contain not less than 70% protein on a moisture-free basis. The factors driving the Asia-Pacific soy protein concentrate market's growth are growing awareness among end-users regarding plant-based food and beverages fueling the region's growth. The factors expected to restrain the market’s growth are high prices of plant-based protein concentrates compared to other emulsifying agents.

• In addition, the growing pharmaceutical and nutraceutical industry in the region is expected to create huge opportunities for the Asia-Pacific soy protein concentrate market. The regulation of various authorities over the marketing of plant based food in the region may create a massive challenge for the Asia-Pacific soy protein concentrate market.

The soy protein concentrate market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Soy Protein Concentrate market scenario, contact Data Bridge Market Research for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.

Asia-Pacific Soy Protein Concentrate Market Scope and Market Size

The Asia-Pacific soy protein concentrate market is segmented based on the category, extraction process, modification type, protein concentration, form, nature, function, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of nature, the Asia-Pacific soy protein concentrate market is segmented into organic and conventional. In 2021, the conventional segment is expected to dominate the market due to the increasing demand for conventional soy protein concentrate for functional health benefits.
• On the basis of extraction process, the Asia-Pacific soy protein concentrate market is segmented into aqueous alcohol wash process, acid wash process, and water wash process with heat denaturation. In 2021, the aqueous alcohol wash process segment is expected to dominate the market as the alcohols do not dissolve the soy protein and are easy to separate.
• On the basis of modification type, the Asia-Pacific soy protein concentrate market is segmented into thermal modification, chemical modification, and enzyme modification. In 2021, the thermal modification segment is expected to dominate the market due to its wide use in the soy protein concentrate modification process.
• On the basis of protein concentration, the Asia-Pacific soy protein concentrate market is segmented into <20% protein, between 20%-70% and >70% protein. In 2021, between 20%-70% segment is expected to dominate as many manufacturers of soy protein concentrate provides 20%-70% concentration due to its wide application in food and beverages.  
• On the basis of form, the Asia-Pacific soy protein concentrate market is segmented into dry and liquid. In 2021, the dry segment is expected to dominate the market owing to its large shelf life and ease to store.
• On the basis of category, the Asia-Pacific soy protein concentrate market is segmented into single compound and fortified compound. In 2021, the single compound segment is expected to dominate the market due to the high demand for single soy protein concentrate in the pharmaceutical and nutraceutical industries.
• On the basis of function, the Asia-Pacific soy protein concentrate market is segmented into solubility, gelation, emulsification, water binding, foaming, texturizing agent, stabilizer, thickening agent, and others. In 2021, the emulsification segment is expected to dominate the market due to the increasing usage of soy protein concentrate in the pharmaceuticals industry to form various drug emulsions.
• On the basis of application, the Asia-Pacific soy protein concentrate market is segmented into food products, beverages, nutraceuticals, and dietary supplements, cosmetics and personal care, animal feed, pharmaceuticals, and others. In 2021, the food products segment is expected to dominate the market due to the wide usage of soy protein concentrate and the increasing trend in the popularity of plant-based protein adoption in various food products grown in various developed countries.

Asia-Pacific Soy Protein Concentrate Market Country Level Analysis

The Asia-Pacific soy protein concentrate market is analyzed, and the country provides market size information, category, extraction process, modification type, protein concentration, form, nature, function, and application as referenced above.

The countries covered in the Asia-Pacific soy protein concentrate market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, New Zealand, Vietnam, and the Rest of Asia-Pacific.

China is the dominating country in the Asia-Pacific region due to the huge number of local manufacturers and the increasing applications of soy protein concentrate in the food and beverages industry. The nature segment in China is dominating the market due to changes in consumers' lifestyles and eating habits. Also, the nature segment in India is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of the increase in demand for soy protein concentrate in the food industry due to increased awareness about the health benefits of soy protein concentrate among consumers.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.

Growing strategic activities by major market players to enhance the awareness for soy protein concentrate market

The Asia-Pacific soy protein concentrate market also provides you with a detailed market analysis for every country's growth in the particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2010 to 2019.

Competitive Landscape and Asia-Pacific Soy Protein Concentrate Market Share Analysis

The soy protein concentrate market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points are only related to the company’s focus on the Asia-Pacific soy protein concentrate market.

The major companies which are dealing in the Asia-Pacific soy protein concentrate market are Cargill, Incorporated, DuPont, ADM, Wilmar International Ltd, CROWN SOYA PROTEIN GROUP, Solbar Ningbo Protein Technology Co., Ltd, “Sodrugestvo” Group of Companies, Victoria Group, Yuwang, Shandong Yuxin Biotechnology Co., Ltd, Gushen Biotechnology Group Co., Ltd., Arshine Pharmaceutical Co., Limited, Tianwei Biotech Group Co., Ltd., Foodchem International Corporation, Sun Nutrafoods, Euroduna Food Ingredients GmbH, Akola Chemicals, DSM, Bunge Limited, Muby Chemicals, ET-Chem, and Sonic Biochem, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

The companies worldwide initiate many expansion and funding, which accelerates the Asia-Pacific soy protein concentrate market.

For instance,

• In July 2020, DuPont launched a new product line under the Danisco Planit portfolio, including products like Response Textured Soy Protein Concentrates and Alpha Functional Soy Protein Concentrates. These new product line launches helped the company in enhancing its product portfolio and ultimately gain more consumer base and revenue

Collaboration, business expansion, award and recognition, joint ventures, and other market player strategies enhance the company's soy protein concentrate market footprints, benefiting the organization’s profit growth.

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