The Middle-East and Africa Organic Soy Protein market has been estimated at USD 18.78 Million in 2016 and is projected to reach USD 39.24 Million by 2021, at a CAGR of 15.89% during the forecast period from 2016 to 2021. Soy protein isolate is the dry protein powder ingredient that is extracted, or isolated, from the remaining hull and oil of the soybean. They are low in fat content, cholesterol free and contains a minimum of 90% protein and is completely gluten free.
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The market in Middle-East and Africa is slowly growing with increasing awareness about soy products and its benefits. Also, in the countries with lower per-capita income, people are starting to prefer soy products over other alternatives, due to its cheaper price. But, market growth can be hindered due to high costs involved in raw material production.
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The Middle-East and Africa market for Organic Soy Protein is segmented by Type and by Application. By Type, the market is further segmented as Concentrates, Isolates, and Flour. By Application, the market is further segmented as functional foods, infant formula, dairy alternatives, meat alternatives, bakery & confectionery, and other applications. Soy protein concentrates accounted for the largest market share, by type, due to their wide usage as functional or nutritional ingredients in a wide variety of food products. Functional foods segment accounts a maximum share in the market by application, by application. Increase in functional food consumption by people is driving the demand, which is leading the soy functional foods to contribute maximum to the market. The dairy alternatives application of organic soy protein is expected to grow due to increasing demand for soymilk from lactose-intolerant consumers.
Geographically, Middle-East and Africa market for Organic Soy Protein is segmented into regions of Middle-East and Africa. The companies are slowly venturing into the untapped markets of Middle-East and African regions, with increasing consumption and awareness of soy products.
The major players in the Middle-East and Africa Organic Soy Protein Market include Harvest Innovations, Agrawal Oil & Biochem, Frank Food Products, The Scoular Company, Devansoy Inc., Biopress S.A.S., Natural Products Inc., Hodgson Mill, SunOpta, Inc., and World Food Processing.
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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.