According to the research report titled ‘North America Soy Protein Concentrate Market Size By Grade (Food Grade, Feed Grade), By Function (Texturants, Water & Fat Absorption, Emulsifier, Nutrients), By Application, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, North America soy protein concentrate market is expected to register a healthy growth rate over 2021-2027.
 

Rising health concerns among customers and growing inclination towards nutrition rich food consumption are catalyzing North America soy protein concentrate market. Positive outlook of meat and poultry processing industry along with surging demand for animal feed are accelerating the industry expansion.
 

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On the contrary, high cost in comparison to substitutes are negatively impacting the industry dynamics, claims the study.
 

Based on function, texturants segment attained a valuation of USD 17 million in 2020 and is anticipated to grow considerably in the forthcoming years. High demand for water and fat absorbing agent for production of sports and ebnergy drinks along with growing participation of the regional populace in physical fitness activities are favoring the segmental expansion.
 

Moving on the application landscape of North America soy protein concentrate industry, meat processing segment size is anticipated to multiply steadily through 2027. This can be ascribed to use of soy protein for water retention during meat processing.
 

Under the animal feed application, swine segment will witness significant demand in the upcoming years. Easy digestibility and optimum nutritional content are enhancing the demand for soy protein feed for pigs.
 

Cattle segment will also witness remunerative growth in the forthcoming years. As soy protein concentrates can proved optimal energy, essential amino acids, and proteins which are vital for proper development of bovine farm animals, these products will witness a strong demand in the cattle industry.
 

Meanwhile, bakery and confectionery application is anticipated to register a healthy growth rate over the projected timeline. This is creditable to escalating for demand for healthy bakery products among consumers. Soy protein concentrates are increasingly being favored in bakery applications owing to its ability to absorb and retain a large amount of water, which is crucial during mixing to help the gluten hydrate and develop.
 

Top players influencing the North America soy protein concentrate industry dynamics are Scoular, Nutra Food Ingredients LLC, Aminola B.V., Wilmar International Ltd., Foodchem International Corp., DuPont Nutrition Biosciences, Cargill Inc., and Archer Daniels Midland Company.