Soy Protein Ingredients Market Looks Rosy In Foreseeable Future

The soy protein ingredients market is growing at a CAGR of 7.3 percent and will reach $10.12 billion by 2020, according to a report. Volume will grow at a CAGR of 6.2 percent from its current level of 1.40 kilotons. About 98 percent of soy meal is used in animal feed. The other two percent is used as a raw material for human food applications. Soy protein ingredients are customized for specific food applications, such as bakery, confectionery, beverage, dairy replacement, or meat alternative. Soy protein isolates are the fastest-growing soy market segment. Isolates contain the highest amount of protein and are considered a premium ingredient. Main features include easy dispersibility in milk beverages, bland taste, low fat content, oligosaccharides, and fiber.