Middle East and Africa Soy Protein Concentrate Market – Industry Trends and Forecast to 2029

Middle East and Africa Soy Protein Concentrate Market, By Category (Single Compound and Fortified Compound), Extraction Process (Aqueous Alcohol Wash Process, Acid Wash Process, and Water Wash Process with Heat Denaturation), Modification Type (Thermal Modification, Chemical Modification, and Enzyme Modification), Protein Concentration (70% Protein), Form (Dry and Liquid), Nature (Organic and Conventional), Function (Solubility, Gelation, Emulsification, Water Binding, Foaming, Texturizing Agent, Stabilizer, Thickening Agent, and Others), Application (Food Products, Beverages, Nutraceuticals, and Dietary Supplements, Cosmetics and Personal Care, Animal Feed, Pharmaceuticals, and Others) – Industry Trends and Forecast to 2029.

Middle East and Africa Soy Protein Concentrate Market Analysis and Size

Approximately 78 percent of the Middle East and Africa population is afflicted with diseases such as obesity, cardiovascular problems, and low blood pressure. Soy protein concentrate is gaining popularity among athletes and sports enthusiasts worldwide because it helps improve athletic performance and strength.

Data Bridge Market Research analyses that the soy protein concentrate market was valued at USD 102.3 million in 2021 and is expected to reach the value of USD 242.64 million by 2029, at a CAGR of 11.40% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Middle East and Africa Soy Protein Concentrate Market Scope and Segmentation

Market Definition

Soy protein concentrates are created by extracting the soluble carbohydrate fraction and some flavour components from a defatted meal. Three fundamental processes are used to remove carbohydrates: Acid leaching (isoelectric pH 4.5), aqueous ethanol extraction (60-80%), and moist heat-water leaching are the three methods used. Proteins become insoluble due to these treatments, but carbohydrates remain soluble after centrifugation. Solids primarily composed of proteins and insoluble carbohydrates are dispersed in water, neutralized to pH 7.0 if necessary, and spray-dried to produce soy protein concentrate. The aqueous alcohol extraction or acid leaching process is used to produce the majority of commercial soy concentrates.

Middle East and Africa Soy Protein Concentrate Market Dynamics

Drivers

• Growing vegan population

The growing vegan population is the primary driver of market growth. Demand for soy protein concentrate in the Middle East and Africa has been fuelled by the prevalence of hectic consumer lifestyles that result in on-the-go food consumption. Furthermore, rising health concerns among consumers who prefer a nutrient-dense diet have increased product demand. Aside from that, an increase in the number of health awareness programs emphasizing the importance of wellness and nutritional diet has influenced soy protein concentrate consumption in the Middle East and Africa.

• Growing popularity of fitness industry and lifestyle

The increased popularity of muscle and fitness enthusiasts has increased consumer demand for soy and sport-based drinks and other items designed to improve efficiency. The use of soy isolate in sports products has steadily increased, resulting in the commercial availability of amino-based, bio-based, and easily digestible soy isolate products.

Furthermore, whey soy is a low-cost option for creating caramels with exceptional eating quality and processing. With several changes, the use of soy concentrates in sports products has steadily increased, resulting in the commercialization of whey isolate. This has increased the consumption of soy isolate in the sports nutrition industry and will positively impact the Middle East and Africa market's growth.

Opportunities

• Growing health concerns

People are now more concerned about their health than they were prior to the covid-19 pandemic. Many governments around the world are encouraging people to eat healthy foods in order to boost their immunity, which has increased demand for soy protein concentrate.

• Introduction of new flavours

Aside from that, different types and flavours of soy protein concentrate are available, and changes in people's taste preferences and government initiatives will provide more opportunities for the soy protein concentrate market. Furthermore, the growing number of fitness and wellness centres worldwide will increase demand for Soy Protein Concentrate.

Restraints

• High cost of product

On the other hand, the high cost of the product is expected to impede market growth. Concerns about side effects are expected to pose a challenge to the soy protein concentrate market during the forecast period.

This soy protein concentrate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the soy protein concentrate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Soy Protein Concentrate Market

The COVID-19 pandemic has had a negative impact on the soy protein concentrate market as well as the overall sports nutrition industry. The closure of gyms, which had been widely closed due to the coronavirus outbreak, was one of the major factors. Many companies have even postponed product development plans because they are unsure how long the lockdown will last. However, as consumers become more conscious of their own health and well-being, the market has the potential to grow in a variety of ways.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2021, Carbery will launch Optipep 4Power, a new hydrolyzed Soy Protein Concentrate (WPH) designed explicitly for high-intensity interval training.
• In 2019, First Milk has agreed to buy Fonterra's 51 percent stake in its Fast Forward JV. As a result, First Milk will become the sole owner of the Lake District Creamery's Soy Protein Concentrate concentrate manufacturing facilities.

Middle East and Africa Soy Protein Concentrate Market Scope

The soy protein concentrate market is segmented on the basis of category, extraction process, modification type, protein concentration, form, nature, function, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Category

• Single compound
• Fortified Compound

Extraction Process

• Aqueous Alcohol Wash Process
• Acid Wash Process
• Water Wash Process with Heat Denaturation

Modification type

• Thermal Modification
• Chemical Modification
• Enzyme Modification

Protein Concentration

• <20% Protein
• 20%-70% Protein
• >70% Protein

Form

• Dry
• Liquid

Nature

• Organic
• Conventional

Function

• Solubility
• Gelation
• Emulsification
• Water Binding
• Foaming
• Texturizing Agent
• Stabilizer
• Thickening Agent
• Others

Application

• Food Products
• Beverages
• Nutraceuticals
• Dietary Supplements
• Cosmetics and Personal Care
• Animal Feed
• Pharmaceuticals
• Others

Soy Protein Concentrate Market Regional Analysis/Insights

The soy protein concentrate market is analysed and market size insights and trends are provided by country, category, extraction process, modification type, protein concentration, form, nature, function, and application as referenced above.

The countries covered in the soy protein concentrate market report are South Africa, UAE, Saudi Arabia, Oman, Qatar, Kuwait, and Rest of the Middle East and Africa

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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Soy Protein Concentrate Market Share Analysis

The soy protein concentrate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to soy protein concentrate market.

Some of the major players operating in the soy protein concentrate market are:

• DAIYA FOODS INC (Canada)
• Kite Hill (U.S.)
• Lisanatti Foods, Inc. (U.S.)
• Tofutti Brands, Inc. (U.S.)
• Bute Island Foods Ltd (U.K.)
• Dairy-Free Down Under (Australia)
• Angel Food (India)
• First Grade International (U.K.)
• Field Roast (U.S.)
• Galaxy Nutritional Foods, Inc. (U.S.)
• Follow Your Heart (U.S.)