Soy Protein Ingredients Market to cross USD 12.5 billion by

Selbyville, Delaware, Oct. 27, 2022 (GLOBE NEWSWIRE) — According to a new research report by Global Market Insights Inc., the global Soy Protein Ingredients Market is projected to exceed a valuation of USD 12.5 billion by 2030.

The notable rise in demand for nutritional health supplements and functional foods with high protein content is a leading factor stimulating the industry expansion between 2022 and 2030. The emergence of several health calamities, such as the COVID-19 pandemic, has accelerated the shift toward healthy foods and drinks. As a result, the demand for food products with enhanced nutritional composition and added health benefits, such as increased immunity and reduced fatigue, has gained momentum.

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This has created a positive outlook for the soy protein ingredients industry. For instance, global fortified/functional food sales reached USD 267 billion in 2020, while naturally healthy foods recorded revenues worth USD 259 billion in 2020. The surge in the production of fortified food products will propel the demand for protein ingredients, thereby increasing the soy protein ingredients market share over the coming 8 years.

Rapid proliferation of the baking industry to boost the consumption of soy flour

Concerning the product paradigm, the soy flour segment accounted for over USD 85.5 million in 2021 and is anticipated to hold a noticeable revenue share by 2030. Soy flour is a rich source of isoflavones, vitamins, minerals, and lecithin, the nutrients having proven benefits in helping prevent cancer, loss of bone mass, and lowering cholesterol. The extensive use of soy flour in several bakery products to improve their nutritional value and texture through lipid oxidation will accelerate business growth through 2030.

Technological advancements to foster the adoption of GMO soy protein ingredients

Soy protein ingredients market from…