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Table of Contents
Food Additive and Ingredients demand are increasing due to the high consumption of processed foods across the globe. The changing lifestyle of the people and due to their work profile they do not have time to have homemade food. Therefore, they prefer to have processed food to fulfil their requirement. The processed food manufactures produces various type of products including soups, spices, sauces, and snacks. While manufacturing these products they use multiple types of food additives and ingredients such as hydrolyzed soy protein, glucose, fructose, sorbitol, mannitol, corn syrup, high fructose, ascorbic acid, citric acid, sodium benzoate, calcium propionate, sodium erythorbate as a preservative, flavour enhancer and sweeteners. Hydrolyzed soy protein is used as a flavour enhancer in soups, spices, sauces, and snacks. Therefore Hydrolyzed soy protein demand is increasing in the market. Hydrolyzed soy protein is made by natural soy with different chemical processing. The sodium and MSG content of hydrolyzed soy protein lengthens the flavour of proceeded food.
Broad application area of hydrolyzed soy protein increases the demand for hydrolyzed soy protein in the market. Hydrolyzed soy protein is not only used in food processing but also used in cosmetics, pharmaceutical, and fertilizers. High demand for food additives drives the growth of hydrolyzed soy protein market. In addition to this consumer changing lifestyle, and innovative packaging technology of processed food also increases the demand for hydrolyzed soy protein. However, Hydrolyzed soy protein is produced by boiling soy in hydrochloric acid, and sodium hydroxide. These two chemical components are harmful to the human body, therefore, people hesitate to buy such food which include the hydrolyzed soy protein.
On the basis of product line Global soy protein hydrolysate is divided into product type as dry products and liquid products. The nutritional quality of spray-dried protein hydrolysate from black tilapia, a fresh water fish, was evaluated. Hydrolysed protein from Oreochromis mossambicus was spray-dried at two different temperatures. On the basis of application/end-user, Global Soy Protein Hydrolysate Market is used as: functional foods, bakery & confectionary, pharmaceutical, cosmetics & personal care, and feeds. Hydrolyzed soy protein can be categorized into application including functional foods, bakery & confectionery, pharmaceutical, cosmetics & personal care, and fertilizers. Further, the market can be segmented by functions such as nutrients, emulsifier, fat & water absorption, and other functions.
Hydrolyzed soy protein manufacturers are mainly coinciding on emerging economies to attain a huge profit margin. Key manufacturers in the global market are continuously introducing new hydrolyzed soy protein products. Some of the key market participants in the global hydrolyzed soy protein market are Archer Daniels Midland, DuPont Nutrition & Health, The Good Scents Company, Abbott Nutritionals, Kerry Group Plc., Friesland Campina, Cargill Inc., Arla Foods, Costantino Special Protein, New Alliance Dye Chem Pvt.Ltd, Solae LLC, and Bunge.
Global Soy Protein Hydrolysate Market : Product Type
Global Soy Protein Hydrolysate Market : Application
Global Soy Protein Hydrolysate Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Soy Protein Hydrolysate Market :
Geographical analysis of Global Soy Protein Hydrolysate Market :
Global Soy Protein Hydrolysate Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 2013.72 million |
Forecast Value (2031) |
USD 2929.32 million |
CAGR (2025-2030) |
5.5 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Soy Protein Hydrolysate Market was valued at around USD 2013.72 million in 2023 & estimated to reach USD 2929.32 million by 2030.
Soy Protein Hydrolysate Market is likely to grow at Compound Annual Growth Rate (CAGR) of 5.5% between 2024 to 2030.
Soy Protein Hydrolysate Market is dominated by the Dry products segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Soy Protein Hydrolysate Market are
Primary driving factors for the growth of the Soy Protein Hydrolysate Market include Broad application area of hydrolyzed soy protein increases the demand for hydrolyzed soy protein along with changing lifestyle, and innovative packaging technology of processed food.
Yes, the report includes COVID 19 impact on the market.
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