Asia Pacific Organic Soy Protein Market

Asia Pacific Organic Soy Protein Market Growth and Forecast (2023 - 2028):

Asia Pacific Organic Soy Protein Market size is currently valued at 146 Million USD in 2022. The market is expected to grow at a CAGR of 20.5% over the prediction period to reach 351 Million USD by 2028.

Market Overview:

Soy protein is the least expensive dietary protein source, often referred to as 'complete protein' for a human body that contains amino acid. Today's supermarket aisle is filled with a range of vegan or vegetarian meat options to satisfy their daily need for protein-rich, nutritious foods such as salad dressings, soups, processed meats, baby formulas, bread, cereals, tofu, and supplements. From nutrition types to hand lotion to firefighting foam, soy is a flexible, modest bean. According to a wide range of applications, the dairy substitute use of organic soy protein is expected to have a significant increase accompanied by alternative use of beef. The concentrated type of natural soy is comparatively in higher demand, both from the customer and the producer, as it can act as a protein alternative without affecting their taste, texture, and colour. Whereas it has a non-allergic character, which makes it favourable to the manufacturer.

Asia Pacific Organic Soy Protein Market Drivers and Restraints:

Major factors which have helped drive the Asia Pacific Organic Soy Protein Market forward are-

Obesity and other chronic illnesses arise with a large percentage of the population due to their unhealthy western lifestyle. This is not limited to any specific region but is spreading throughout the world. Healthy eating is recommended for the prevention and cure of these diseases.

Citizens are becoming more mindful of the side effects of modern lifestyles and prefer to take care rather than cure. The move from conventional dairy and meat products to soya products is a crucial factor in the growth of the organic soy protein industry. Another driving factor is the increasing popularity of organic food among healthy eaters.

The factors holding the Asia Pacific Organic Soy Protein Market back include-

Competition not only from non-organic soy food sources but also from other organic oilseed products such as flax and sunflower.

Many people are allergic to soya or high intake of protein. Such two factors serve as a restraint on the growth of the organic soy protein industry.

Research Methodology:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

APAC Organic Soy Protein Market Segmentation Analysis:

By Type:

• Concentrates
• Isolates
• Flour

By Application:

• Functional Foods
• Infant Formula
• Dairy Alternatives
• Meat Alternatives
• Bakery & Confectionery
• Other Applications

By Region:

• India
• China
• Japan
• South Korea
• Australia

The segment of isolates is projected to grow at a higher rate in terms of both value and volume during the forecast period. This is due to the increasing demand for isolates from producers of soy protein products.

The dairy alternative segment is projected to grow at the highest rate during the forecast period. The functional foods segment dominated the organic soy protein market due to the high nutritional value of the soy protein, which in turn increases its demand.

Asia Pacific Organic Soy Protein Market Regional Analysis:

Geographically, the Asia-Pacific demand for organic soy protein is divided into China, Japan, India, South Korea, and Australia. The market is flourishing in this region, with many companies already involved in the production of soy products, particularly in countries such as China and India, where demand for soy products is very high. The pattern of consumption for the entire region depends on the population's income and spending patterns. High-income countries, such as Japan, have a significant stake in the market for soy protein ingredients, offering attractive prices, but slow growth.

Key Market Players:

Major players in the APAC Organic Soy Protein Market are

• Harvest Innovations
• Agrawal Oil & Biochem
• Frank Food Products
• The Scoular Company
• Devansoy Inc
• Biopress S.A.S
• Natural Products Inc
• Hodgson Mill
• SunOpta, Inc.
• World Food Processing

Research Report Key Highlights:

• Current and future market perspectives for Asia Pacific Organic Soy Protein Market in developed and emerging markets.
• Analyze different market perspectives using the analysis of five Porter forces
• The segment that is expected to dominate the market.
• Regions that are expected to grow faster during the forecast period.
• Identify the latest developments, market shares, and strategies of key market participants.