North American Soy Protein Market Is Estimated to Reach $4,433.7 Million in 2019
The soy protein market in North America is expected to reach $3,482.5 million by 2019, at a CAGR of 4.9% from 2014 to 2019.
Texas, July 7, 2015 (Newswire.com) - The North American soy protein market report defines and segments the soy protein market in North America with analysis and forecast of market size. The soy protein market in North America is estimated to grow from $3,482.5 million in 2014 to $4,433.7 million by 2019, at a CAGR of 4.9% from 2014 to 2019.
Browse through the TOC of the North American soy protein market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the North American soy protein market, and is supported by various tables and figures.
Proteins are one of the essential nutrients required by the human body for proper growth and maintenance. Apart from water, proteins are the most abundant kind of molecules found in the cells of the body. They are important building blocks for bones, muscles, cartilage, skin, and blood. Soy protein is a boon to the food and beverage industry as it can be used as an ingredient in many food preparations. It is a preferable source of protein for vegetarians as it acts as a replacement for proteins derived from meat/animal sources.
Other functional uses of soy protein can be seen in the cosmetic, ink, leather, paint, paper coating, pesticide/fungicide, plastic, polyester, and textile fiber industries.
In the North American region, the soy protein market is dominated by the U.S. In the U.S., soy protein ingredients provide protein-enhanced meat to consumers, thus increasing the consumption for the same. High demand for soy protein due to its high nutritional value is the main reason for the growth in the soy protein market. Soy protein is widely used as a meat alternative in the U.S.; thus, the market for the same is the largest.
This report also includes the market share and value chain analyses, along with market metrics such as drivers and restraints. In addition, it also presents a country-level competitive landscape and company profiles of the key players in this market.
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Contact:
Mr. Chandrasekhar K.
5601 Bridge Street
Suite 300
Fort Worth, TX 76112
Tel: +1-888-502-0539
Email: sales@micromarketmonitor.com