North American Soy Protein Market Worth $4,433.7 Million by 2019
PUNE, India, January 14, 2016 /PRNewswire/ --
According to the new Market Research Report "North America Soy Protein Market By Type (Soy Protein Isolate, Soy Protein Concentrate, Soy Flour), By Application (Baby Food, Bakery, Confectionary, Dairy Alternative, Functional Food, Meat Substitutes), By Geography- Trends and Forecast upto 2019", the North American soy protein market report defines and segments the soy protein market in North America with analysis and forecast of market size. The soy protein market in North America estimated to grow from $3,482.5 million in 2014 to $4,433.7 million by 2019, at a CAGR of 4.9% from 2014 to 2019.
Browse through the TOC of North American Soy Protein Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Proteins are one of the essential nutrients required by the human body for proper growth and maintenance. Apart from water, proteins are the most abundant kind of molecules found in the cells of the body. Proteins constitute an important component of every cell in the body. They are important building blocks for bones, muscles, cartilage, skin, and blood. Soy protein is a boon to the food and beverage industry as it can be used as an ingredient in many food preparations. It is a preferable source of protein for vegetarians as it acts as a replacement for proteins derived from meat/animal sources.
Other functional uses of soy protein can be seen in cosmetics, inks, leather, paints, paper coatings, pesticides/fungicides, plastics, polyesters, and textile fibers.
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In the North American region, the soy protein market is dominated by the U.S. In the U.S., soy protein ingredients provide protein-enhanced meat to consumers, thus increasing the consumption for the same. High demand for soy protein due to its high nutritional value is the main reason for the growth in the soy protein market. Soy protein is widely used as a meat alternative in the U.S.; thus, the market for the same is the largest.
Key Players of the North American Soy Protein Market include:
The Solae Company (U.S.), ADM (U.S.) CHS, Inc. (U.S.), Cargill, Inc. (U.S.), and Sojaprotein (U.S.) among others and so on.
This report also includes market share and value chain analyses, along with market metrics such as drivers and restraints. In addition, it also presents a country-level competitive landscape and company profiles of the key players in this market.
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