Africa Soy Protein Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Soy Protein Ingredients Market Analysis
The Africa Soy Protein Ingredients Market is anticipated to register a CAGR of 3.5% during the forecast period (2020-2025).
- The Africa Soy Protein Ingredients market is driven by growing inclination toward vegan diets, the functional efficiency, the cost competitiveness offered by such plant protein products, and their increasing utilization in wide variety of processed foods, especially in the ready-to-eat product category.
- The high functional property of soy protein and its natural health benefit are boosting its market growth. There is an increase in the adoption of soy protein across several end-user industries, owing to its high sustainability.
Africa Soy Protein Ingredients Market Trends
This section covers the major market trends shaping the Africa Soy Protein Ingredients Market according to our research experts:
Protein Concentrates Holds a Major Share
Soy protein concentrates contain a minimum of 70% protein on a moisture free basis. The soy concentrates have multiple solubility characteristics, depending on the extraction method employed. For instance, the one made with alcohol wash will have low solubility and can be increased by further processing. Soy protein concentrates are available in several forms, such as, granules, flours, and spray dried. Usually, a metric ton of defatted soybean flakes produces 750 kilograms of soybean protein concentrate and retains most of the fiber of the original soybean. Soy protein concentrate is majorly used in the meat & poultry products to increase water and fat retention, and nutritional values (more protein, less fat).
South Africa Dominates the Market
Manufacturers of South Africa are constantly embracing open innovation to gain cost-leadership and fixed suppliers in the early development stage. Plant ingredient in sports nutrition contributes to the major share in the market, segmented by application types. Animal feed is another major market by application type in the country. The changing consumer lifestyles and rising healthcare expenditure are also playing a vital role in the growth of the market. Moreover, the flourishing growth of the retail sector is escalating the growth of the market.
Africa Soy Protein Ingredients Industry Overview
Africa soy protein ingredients market is a fragmented market with the presence of various players in the market. The strategy of forming new agreements and partnerships with local players helps to increase the company's foot print in the region and release new products according to the consumers' changing preferences.
Africa Soy Protein Ingredients Market Leaders
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ADM
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Cargill
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DuPont
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Kerry Group
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Wilmar International Ltd
*Disclaimer: Major Players sorted in no particular order
Africa Soy Protein Ingredients Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Soy Isolates
- 5.1.2 Soy Concentrates
- 5.1.3 Textured Soy Protein
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5.2 By Application
- 5.2.1 Bakery and Confectionery
- 5.2.2 Meat Extenders and Substitutes
- 5.2.3 Nutritional Supplements
- 5.2.4 Beverages
- 5.2.5 Animal Feed and Pet Food
- 5.2.6 Others
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5.3 By Country
- 5.3.1 South Africa
- 5.3.2 Nigeria
- 5.3.3 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 ADM
- 6.4.2 Cargill
- 6.4.3 DuPont
- 6.4.4 Kerry Group
- 6.4.5 Wilmar International Ltd
- 6.4.6 FUJI OIL ASIA PTE. LTD.
- 6.4.7 Foodchem International Corporation
- 6.4.8 CHS Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Africa Soy Protein Ingredients Industry Segmentation
Africa soy protein ingredients market is by type into soy isolates, soy concentrates, textured soy protein. the market is segmented by application into bakery and confectionery, meat extenders and substitutes, nutritional supplements, beverages, animal feed and pet food, and others. The market by geography is segmented by South Africa, Nigeria, and Rest of Africa.
| By Type | Soy Isolates |
| Soy Concentrates | |
| Textured Soy Protein | |
| By Application | Bakery and Confectionery |
| Meat Extenders and Substitutes | |
| Nutritional Supplements | |
| Beverages | |
| Animal Feed and Pet Food | |
| Others | |
| By Country | South Africa |
| Nigeria | |
| Rest of Africa |
Africa Soy Protein Ingredients Market Research FAQs
What is the current Africa Soy Protein Ingredients Market size?
The Africa Soy Protein Ingredients Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Africa Soy Protein Ingredients Market?
ADM, Cargill, DuPont, Kerry Group and Wilmar International Ltd are the major companies operating in the Africa Soy Protein Ingredients Market.
What years does this Africa Soy Protein Ingredients Market cover?
The report covers the Africa Soy Protein Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Soy Protein Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Soy Protein Ingredients Industry Report
Statistics for the 2024 Africa Soy Protein Ingredients market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Soy Protein Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
