Global Hydrolysed Soy Protein Market to Grow at a CAGR of 6.2% During 2021-2026, Aided by the Growing Demand for Processed Food Products

Soy protein is one of the most widely used sources of plant protein in the food industry. The nutritious and versatile nature of soy protein makes it an economical and reliable option to be used as a flavouring agent in food and beverage innovations. This is aiding the growth of the soy protein industry. Moreover, hydrolysed soy protein solutions support the development of high-protein products, ranging from sports nutrition and weight management to general health and wellness. Such products can further be consumed by children, pregnant women, health enthusiasts, and active older individuals to meet their protein needs. The easy availability of these products through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to further propel the market growth.

DuPont de Nemours, Inc. (NYSE: DD), one of the leading players in the industry, offers a range of soy protein solutions and products for developing healthy, consumer-friendly snacks under the name SUPRO® soy protein. These soy protein ingredients are ideal for the preparation of nutrition bars, cookies, muffins, chips, and cereals, among others, thus, fulfilling the rising consumer demand for tasty as well as healthy diet. The development of such innovative solutions by the companies is expected to significantly contribute to the hydrolysed soy protein industry growth in the forecast period.

Market Breakup by Form, Application, and Region:

• By form, the industry can be bifurcated into dry and liquid. 
• Based on application, the industry is divided into food and beverage, pharmaceutical, and cosmetics and personal care, among others. Among these, the food and beverage segment is sub-divided into functional foods, bakery and confectionery, meat and meat products, and beverages, among others, based on type.
• Region-wise, the global market for hydrolysed soy protein can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for hydrolysed soy protein is being driven by the growing demand for flavouring agents in the food industry. 
• The growing demand for processed food products and the thriving food and beverages industry is also boosting the product demand. 
• The market is receiving a further impetus for its growth with the growing per capita expenditure on the personal care products. 
• The growing R&D activities and the new product launches are further propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for hydrolysed soy protein for the periods (2016-2020) and (2021-2026). 
• The report also offers historical (2016-2020) and forecast (2021-2026) market information for the forms, applications, and major regions of hydrolysed soy protein.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global hydrolysed soy protein market are DuPont de Nemours, Inc., A. Costantino & C. spa, Titan Biotech Limited, Chaitanya Biologicals Private Limited, and Vinayak Ingredients (India) Pvt. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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