Soy Protein Ingredients Market is Expected to Grow at a CAGR of 6.9% from 2017 to 2023 Market Overview: Soy protein is a plant based protein which is rich in vitamins and minerals and helps to increase the overall muscle growth of human body. It is the best alternative for animal sourced protein and milk based protein supplements. Owing to its gluten-free attribute it is gaining popularity among the lactose intolerant population. The major types of soy protein ingredients include soy protein isolates, soy protein concentrates, soy protein flours and others. Moreover, owing to its high nutritional value, it has a wide range of application including bakery & confectionery, dairy & frozen desserts, beverages, oils and fats, sweet & savory snacks and others. Soy protein is cost effective than the animal protein which is gaining traction among the consumers globally. Increasing vegan population is also driving the growth of the market. Moreover, increasing lactose intolerant population is boosting the growth of the market. Soy protein ingredient is also used to increase the shelf life of processed food which is further boosting the growth of soy protein ingredients market in various industries. Moreover, the high nutritive value of soy protein ingredients is propelling the market demand among the health conscious population. However, the unpleasant taste of the soy products is not preferred among many consumers which may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.9% of soy protein ingredients market during the forecast period 2017-2023. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4983 Downstream Analysis:
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