The Global Soy Isolates Market finds significant use in various industries and applications. In the food and beverage sector, soy isolates are utilized as a protein ingredient in products such as meat substitutes, dairy alternatives, bakery goods, and nutritional supplements. The pharmaceutical industry utilizes soy isolates in the production of capsules and tablets. The cosmetics and personal care industry incorporates soy isolates in skincare products, hair care formulations, and anti-aging treatments. Additionally, soy isolates find application in animal feed as a protein source. The diverse range of applications across different industries contributes to the widespread use and demand for soy isolates globally.
According to Data Bridge Market Research, the global soy isolates market was valued at USD 5.17 billion in 2021 and is expected to reach the value of USD 8.24 billion by 2029, at a CAGR of 6.00% during the forecast period of 2022-2029.
“The growing popularity of the fitness industry to facilitate market growth”
The growing popularity of the fitness industry and the increasing focus on a healthy lifestyle act as significant drivers for the global soy isolates market. As more individuals engage in fitness activities and adopt healthier lifestyles, there is a higher demand for protein-rich foods and supplements to support muscle growth, recovery, and overall fitness goals. Soy isolates, a rich source of high-quality protein, are sought-after by fitness enthusiasts and athletes. The versatility of soy isolates in various applications, such as protein powders, bars, beverages, and sports nutrition products, further contributes to their market growth within the fitness industry.
What restraints the growth of global soy isolates market?
“Potential for raw material shortage”
The potential for raw material shortage is a significant restraint on the global soy isolates market. Soybeans are the primary raw material used in the production of soy isolates, and any disruption in soybean supply can impact the availability and cost of soy isolates. Factors such as adverse weather conditions, natural disasters, or changes in agricultural practices can lead to fluctuations in soybean production, resulting in a shortage of raw materials.
Segmentation: Global Soy Isolates Market
The soy isolates market is segmented on the basis of function, type and application.
- On the basis of function the soy isolates market is segmented into nutrients, emulsifier, fat and water absorption, texturants, others.
- On the basis of type, the soy isolates market is segmented into dry type, liquid type.
- On the basis of application, the soy isolates market is segmented into bakery and confectionery, meat extenders and substitutes, nutritional supplements, beverages, others.
Regional Insights: North America dominates the Global Soy Isolates Market
North America dominates the soy isolates market, primarily driven by a growing focus on health-conscious diets and a notable shift towards plant-based alternatives like plant-based meat. The region also witnesses increased sales of bakery products incorporating soy isolates.
The Asia-Pacific soy isolates market is experiencing rapid expansion due to increasing health concerns and rising disposable income. The region holds a significant position in the global soy isolates market, driven by the growing demand for healthier food options and the adoption of soy-based ingredients in various food applications.
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Recent Developments in Global Soy Isolates Market
- In 2021, Carbery announced the launch of Optipep 4Power, a hydrolyzed Soy Isolates (WPH) product tailored for high-intensity interval training (HIIT). This specialized product is designed to support the nutritional needs of individuals engaging in intense workouts, providing optimal protein supplementation for muscle recovery and performance enhancement.
- In 2019, First Milk acquired Fonterra's 51 percent stake in their joint venture, Fast Forward. This acquisition resulted in First Milk becoming the sole owner of the Lake District Creamery's Soy Isolates concentrate manufacturing facilities. This strategic move strengthens First Milk's position in the soy isolates market and allows for greater control and expansion of their manufacturing capabilities.
The Prominent Key Players Operating in the Global Soy Isolates Market Include:
- Glanbia plc. (Ireland)
- Now Health Group, Inc. (U.S.)
- Nutiva Inc (U.S.)
- The Simply Good Food Co (U.S.)
- Iovate Health Sciences International Inc. (Canada)
- MusclePharm Corporation (U.S.)
- Kerry Group Plc (Ireland)
- CytoSport, Inc. (U.S.)
- The Nature's Bounty Co. (U.S.)
- Reliance Vitamin Company, Inc. (U.S.)
- Herbalife Nutrition, Inc. (U.S.)
- Danone SA (France)
- General Nutrition Centers (GNC) Holdings, Inc. (U.S.)
- Orgain Inc. (U.S.)
- True Nutrition (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global soy isolates market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Global Soy Isolates Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
