Soy Protein Market to Grow 7.4% per Year Through 2010, Says New Soyatech ReportBAR HARBOR, ME, Dec. 21, 2006 -- Soy protein has benefited greatly over the past decade from the healthful image of the soybean in the U.S. and many other developed countries. Health and other drivers have fueled growth in soy protein production from 1.4 million metric tons in 2000 to 2.4 million metric tons in 2005, representing a Compound Annual Growth Rate (CAGR) of 10.7 percent and value of $2.5 billion.
The increasing need for protein in human diets - in both developed and developing nations - along with the relatively low cost of soy protein, have been key drivers in this industry’s growth. However, Chinese processors of soy protein, which historically produced a lower quality, less consistent product, have appeared to close the gap with their U.S. competition in both quality and market reach. The traditional market leaders - Solae, ADM and Cargill -- may not exhibit the flexibility to respond to price pressures and GMO issues that drive the growth of some of the newer processors and accordingly these companies are likely to be facing stiffening competition.
Despite these factors, Soyatech expects demand for affordable protein sources to continue to expand the global soy protein market. "Soy Proteins: Products, Industry and Market" examines the market drivers and likely trends, including:
* Projected growth in soybean and soy protein consumption
* Estimated world soy protein production
* Sales and market shares of leading companies
* Total production and value of isolated soy proteins, soy protein concentrates and soy flour
* End use applications
* Exports of U.S.-produced soy protein proteins
* Company profiles, including the identification of major Chinese producers
"The value of the global soy protein market is likely to grow by over one billion dollars by the end of the decade," says Peter Golbitz, Soyatech’s president and the lead author of the report, "However, the market does present obstacles and hurdles for entry. We trust that this report will provide insights that will prove to be valuable for both those currently in the market and those looking for a point of entry."
The new report, "Soy Proteins: Products, Industry and Market," is now available from Soyatech.
About Soyatech LLC
Soyatech (www.soyatech.com) assists companies in the food and agribusiness sector assess and develop market opportunities through reports, conferences, publications and consulting. Founded in 1985, the company publishes the annual Soya & Oilseed Bluebook, the industry’s leading source of information on companies and products, an industry-focused email newsletter (in daily and weekly editions), and Soyatech.com, the award-winning business-to-business online resource for the industry. Soyatech’s information and news products and services are looked to by over 4000 of the world’s largest agribusiness and biofuel companies in over 100 countries. Soyatech advises leading companies on their growth, market penetration, and positioning strategies across the value chain.
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