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Reports and Data: Soy Protein Ingredients Market to Reach $16.6 Billion by 2026
According to Reports and Data, the global soy protein ingredients market was valued at $9.7 billion in 2018, and is expected to reach $16.6 billion by the year 2026. This increase would be a compound annual growth rate of 6.9%. The consumer base of the soy protein ingredient market has increased over the years, with a rise in the number of health-conscious consumers. The soy protein ingredients market is undergoing various technological advancements. Mainly used for the production of nutrition bars, soy proteins are meeting the needs of the bar manufacturing industry through the development of various shapes, sizes, hardness, and isolates. With the changing needs of the manufacturers in the industry, processes are expected to improve.
Available in a wide range of products, soybeans are one of the few alternative proteins containing all essential amino acids. Familiar food preparations include products such as tofu, soymilk, and tempeh. Cereal blends are another product, consisting of...
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