Global Soy Protein Crisps Market Size By Product (Soy Crisps 60%, Soy Crisps 80%), By Application (Baked Goods, Confectionery, Cereals & Snacks), By Geographic Scope And Forecast

Soy Protein Crisps Market Size And Forecast

Soy Protein Crisps Market size was valued at USD 2.36 Billion in 2024 and is projected to reach USD 5.87 Billion by 2031, growing at a CAGR of 12.4% during the forecast period 2024-2031.

A growing number of different diseases and increasing health consciousness, growing demand for products that have high protein content and high protein fiber, and increasing demand for healthy ready-to-eat (RTE) and processed food products, are driving the growth of the Global Soy Protein Crisps Market over the forecasted period. The Global Soy Protein Crisps Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Soy Protein Crisps Market Definition

Soy and soy protein food products are identified as one of the prominent sources of nutrients, especially proteins. These provide a multitude of health and environmental benefits. Soy protein crisps are an essential source of fibers, proteins, vitamins, complex carbohydrates, and others.

Global Soy Protein Crisps Market Overview

A growing number of different diseases and increasing health consciousness, growing demand for products that have high protein content and high protein fiber, and increasing demand for healthy ready-to-eat (RTE) and processed food products, are driving the growth of the Global Soy Protein Crisps Market over the forecasted period. Consumption of soy protein and soy protein products is effectively preventing and reducing the risk of such diseases. The addition of soy protein to the diet can reduce the risk of developing diabetes. Also, soy protein in the diet helps in preventing breast cancer or breast cancer recurrence in some women. However, the results or the effects of soy in women with breast cancer are unclear. The health issue of protein deficiency is influencing the consumer across the world and the demand for high protein food products is at its peak. And hence, the increasing demand for high protein products is also boosting the growth of the global soy protein crisps market. However, changing consumer behavior and interest in alternative-protein sources due in part to health and environmental concerns as well as animal welfare have made space for growth in the alternative-proteins market, which, in turn, is driving the demand for soy protein crisps.

However, High consumption of soy and soy protein products might harm the development of the baby. The consumption of soy has some mild side effects on the digestive system. Soy can also have serious allergic reactions on people with a strong allergy to peanuts as well as nuts from the same family. Thus, such side effects of soy protein and soy protein products might strangle the demand for soy protein crisps amongst the world population.

Global Soy Protein Crisps MarketSegmentation Analysis

The Global Soy Protein Crisps Market is segmented based on Product, Application, and Geography.

Soy Protein Crisps Market, By Product

• Soy Crisps 60%• Soy Crisps 80%

Based on Product, the market is bifurcated into Soy Crisps 60%, Soy Crisps 80%. Soy Crisps 60% accounted for the largest market share of 57.65% in 2020 and is projected to grow at a CAGR of 5.02% during the forecast period. Soy Crisps 80% was the second-largest market in 2020. Soy protein crisps 60% contain 60% protein in addition to other content. These contain 60% soy protein as the main ingredient and are manufactured by application of extrusion technology.

Soy Protein Crisps Market, By Application

• Baked Goods• Confectionery• Cereals & Snacks• Others

Based on the Application, the market is bifurcated into Baked Goods, Confectionery, Cereals & Snacks, and Others. Baked Goods accounted for the largest market share of 33.45% in 2020, and is projected to grow at a CAGR of 5.03% during the forecast period. Confectionery was the second-largest market in 2020. Soy protein crisps have a wide range of applications across the food and beverages industry. Soy protein crisps have potential uses in baked products such as cookies, biscuits, cakes, and tarts, amongst others.

Soy Protein Crisps Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Soy Protein Crisps Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific accounted for the largest market share of 41.38% in 2020, and is projected to grow at a CAGR of 5.96% during the forecast period. North America was the second-largest market in 2020.

Key Players

The “Global Soy Protein Crisps Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Dupont Nutrition & Biosciences, Adm, Pgp International, Labrada, Neworganics, and Reifon. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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