Soy Protein Ingredients Industry Forecast and Size Analysis 2019-2025
Global Soy Protein Ingredients Industry was valued at USD 8.88 Billion in the year 2017. Global Soy Protein Ingredients Industry is further estimated to grow at a CAGR of 7.48% from 2018 to 2025 to reach USD 15.81 Billion by the year 2025. North America region holds the highest Industry share in 2017 and is considered as the fastest growing Industry in the forecasted period due to steady growth rate and increasing economies in these regions. At a country level, developed industry like the U.S., European nations as well the emerging Industry like Latin America and Indian holds the notable Industry share in 2017 and it is projected to grow at a strongly in the coming years. The major market players are DuPont Nutrition & Health, Kellogg Company, Burcon NutraScience Corporation, Cargill Inc., Armor Proteins, Archer Daniels Midland Company, Wilmer International, Doves Farm Foods, George Weston Foods, Ag Processing Inc. and other 13 companies detailed information is provided in research report. Rising research and development expenses, similarly growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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SWOT Analysis of Soy Protein Ingredients Industry Strength Providing better protein content than dairy and other products Increasing health consciousness and fitness among people Weakness