North America 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 (<20% Protein, 20%-70% Protein and >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), Country (U.S., Canada, and Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Soy Protein Concentrate Market
The North America 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 13.3% in the forecast period of 2021 to 2028 and is expected to reach USD 1,864.97 million by 2028. Rising demand for soy protein concentrate in different industries for different functions is a driver for growth in soy protein concentrate.
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 factor driving the market's growth is the huge usage of plant-based protein such as soy concentrate in the confectionery and bakery industry. The factor expected to restrain the market’s growth is the stringency in using soy protein concentrate as an excipient in pharmaceutical formulations.
- In addition, the growing applications of soy protein concentrate as a functional food are expected to create huge opportunities for the North America soy protein concentrate market. The availability of substitutes as thickening and emulsifying agents in the market may create a massive challenge for the North America 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 North America soy protein concentrate market’s 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.
North America Soy Protein Concentrate Market Scope and Market Size
The North America soy protein concentrate market is segmented based on 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 North America soy protein concentrate market is segmented into organic and conventional. In 2021, conventional segment is expected to dominate the market due to the huge production of conventional soy concentrate in the region and increased demand from the nutraceutical sector.
- On the basis of extraction process, the North America 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 method is easy to carry out on a bulk level.
- On the basis of modification type, the North America 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 as thermal modification provides various advantages over others, including not dissolve soy protein.
- On the basis of protein concentration, the North America 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 the market as the emulsifying property of the soy concentrates of 20-70% concentration are more effective than soy flour as they contribute cohesion of the product during cooking.
- On the basis of form, the North America soy protein concentrate market is segmented into dry and liquid. In 2021, the dry segment is expected to dominate the market due to easy to use and huge availability.
- On the basis of category, the North America 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 growing demand for meat alternatives and other food applications.
- On the basis of function, the North America 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 food and beverages industry and pharmaceuticals industry.
- On the basis of application, the North America 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 increased usage of soy protein concentrate in meat and meat alternatives and alternative dairy products.
North America Soy Protein Concentrate Market Country Level Analysis
The North America 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 North America soy protein concentrate market’s report are the U.S., Canada, and Mexico.
The nature segment in North America is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of the demand for soy protein concentrate in the food industry. The nature segment in the U.S. is dominating the market due to changes in consumers' lifestyles and eating habits. The U.S. is leading the growth of the North American market 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 North American 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
The North America soy protein concentrate market also provides you with a detailed market analysis for every country's growth in a 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 North America Soy Protein Concentrate Market Share Analysis
The North America 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 provided are only related to the company’s focus related to soy protein concentrate market.
The major companies dealing in the North America soy protein concentrate market are Cargill, Incorporated, DuPont, ADM, THE VINCENT CORPORATION, Wilmar International Ltd, Batory Foods, CROWN SOYA PROTEIN GROUP, “Sodrugestvo” Group of Companies, Victoria Group, Gushen Biotechnology Group Co.,Ltd., Foodchem International Corporation, Sun Nutrafoods, Nutra Food Ingredients, Euroduna Food Ingredients GmbH, Muby Chemicals, Sonic Biochem, DSM, Bunge Limited, DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many expansion and funding are also initiated by the companies worldwide, which accelerates the soy protein concentrate market.
For instance,
- In May 2020, Batory Foods signed an agreement with Ingredion Incorporated to distribute its ingredients, including soy protein concentrate, in Southern California. This agreement helped the company to reach more consumer base and thus helping it gain more revenue
Collaboration, business expansion, award and recognition, joint ventures, and other strategies by the market player are enhancing the company footprints in the soy protein concentrate market, which also benefits the organization’s profit growth.
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