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| Parameters | Details |
|---|---|
Base Year |
2021 |
Historical Data |
2016-2021 |
Forecast Data |
2022-2028 |
Base Year Value (2021) |
USD 1809.24 million |
Forecast Value (2028) |
USD 2631.863725 million |
CAGR (2022 to 2028) |
5.5 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Global Soy Protein Hydrolysate Market is estimated to reach USD 2494.65 million by 2027, growing at a CAGR of 5.5 % between 2019 and 2027
Food Additive and Ingredients demand are increasing due to the high consumption of processed foods across the globe. The changing lifestyle of the people and due to their work profile they do not have time to have homemade food. Therefore, they prefer to have processed food to fulfil their requirement. The processed food manufactures produces various type of products including soups, spices, sauces, and snacks. While manufacturing these products they use multiple types of food additives and ingredients such as hydrolyzed soy protein, glucose, fructose, sorbitol, mannitol, corn syrup, high fructose, ascorbic acid, citric acid, sodium benzoate, calcium propionate, sodium erythorbate as a preservative, flavour enhancer and sweeteners. Hydrolyzed soy protein is used as a flavour enhancer in soups, spices, sauces, and snacks. Therefore Hydrolyzed soy protein demand is increasing in the market. Hydrolyzed soy protein is made by natural soy with different chemical processing. The sodium and MSG content of hydrolyzed soy protein lengthens the flavour of proceeded food.
Broad application area of hydrolyzed soy protein increases the demand for hydrolyzed soy protein in the market. Hydrolyzed soy protein is not only used in food processing but also used in cosmetics, pharmaceutical, and fertilizers. High demand for food additives drives the growth of hydrolyzed soy protein market. In addition to this consumer changing lifestyle, and innovative packaging technology of processed food also increases the demand for hydrolyzed soy protein. However, Hydrolyzed soy protein is produced by boiling soy in hydrochloric acid, and sodium hydroxide. These two chemical components are harmful to the human body, therefore, people hesitate to buy such food which include the hydrolyzed soy protein.
On the basis of product line Global soy protein hydrolysate is divided into product type as dry products and liquid products. The nutritional quality of spray-dried protein hydrolysate from black tilapia, a fresh water fish, was evaluated. Hydrolysed protein from Oreochromis mossambicus was spray-dried at two different temperatures. On the basis of application/end user, Global Soy Protein Hydrolysate Market is used as: functional foods, bakery & confectionary, pharmaceutical, cosmetics & personal care, and feeds. Hydrolyzed soy protein can be categorized into application including functional foods, bakery & confectionery, pharmaceutical, cosmetics & personal care, and fertilizers. Further, the market can be segmented by functions such as nutrients, emulsifier, fat & water absorption, and other functions.
Hydrolyzed soy protein manufacturers are mainly coinciding on emerging economies to attain a huge profit margin. Key manufacturers in the global market are continuously introducing new hydrolyzed soy protein products. Some of the key market participants in the global hydrolyzed soy protein market are Archer Daniels Midland, DuPont Nutrition & Health, The Good Scents Company, Abbott Nutritionals, Kerry Group Plc., Friesland Campina, Cargill Inc., Arla Foods, Costantino Special Protein, New Alliance Dye Chem Pvt.Ltd, Solae LLC, and Bunge.
Global Soy Protein Hydrolysate Market : Product Type
Global Soy Protein Hydrolysate Market : Application
Global Soy Protein Hydrolysate Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Soy Protein Hydrolysate Market :
Geographical analysis of Global Soy Protein Hydrolysate Market :
Global Soy Protein Hydrolysate Market Report delivers comprehensive analysis of :
Soy Protein Hydrolysate Market was valued at around USD 1809.24 million in 2021 & estimated to reach USD 2631.863725 by 2028.
Soy Protein Hydrolysate Market is likely to grow at compounded annual growth rate (CAGR) of 5.5% between 2022 to 2028.
Yes, the report includes COVID 19 impact on the market.
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