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Soy Extract Market: Snapshot

Soy extract is mainly produced from soyabean. High protein and low fat properties of soy makes it a healthy constitute of food. Soy helps in mitigating night sweats and hot flashes for women going through menopause. Moreover, people with lactose intolerance issues may use soymilk as a substitute to buffalo or cow milk.

Soy extracts are used for making many food products. Additionally, manufacturers are further discovering new applications for soy extracts in variety of food products. The increasing number of food products using soy extract is likely to bolster the growth of the global soy extract market. It is further found that usage of soy in cosmetics may help in acting as an anti-aging product for the skin. Aging causes skin to lose suppleness, elasticity, and firmness which, in turn triggers the occurrences of wrinkles and fine lines. Proteins and nutrients in soy extract make it a perfect solution for addressing aging skin and it has been used in China for producing anti-aging solutions for centuries now. Furthermore, anti-inflammatory and antioxidant properties of ginger help to reduce free radicals in the body.

Some new studies have stated that the health benefits of soy may be used to prevent or treat age-related diseases, osteoporosis, or even some types of cancers. However, it is very expensive and difficult to obtain the required amount of isoflavones and genistein from soy extracts. Soy extract also find applications in protein supplements attributing to its high protein content and other healthy vitamins. Some studies also claim that daily consumption of soy has increased the life of Asian people. The global soy extract market is poised to grow owing to all these applications and continuous research being conducted for discovering new medical abilities of soy extract.

Soy extract is obtained from soybean which is produced majorly in the United States during the year 2017-2017 according to SOPA.  Soy extract is very beneficial for the women suffering from menopause as it helps in relieving the hot flashes and night sweats. Soy extract also helps to provide a relief to women who are expecting hormonal changes and provide nutritional support for healthy bones by inhibition of bone resorption. Soy has shown the super effect in Asian people who consume soy daily in their diet, it has increased the life of Asian people. Soy extract is perfect for people suffering from lactose intolerance as they can now have soymilk in place of traditional cow and buffalo milk.

Soybean production has increased by many folds according to the data provided by SOPA which is a clear indication that the demand for soy extract in the market is huge which a good news for the manufacturer is as strategies can be made to increase the revenues by the end of 2027. This market is expected to grow as more and more products enters the market. 

Soy extract Market segmentation

Soy extract market is segmented on the basis of form as Beverages, Capsules, Crème, gel and powder. Soy extract is widely used as the ingredient for many products like it is used in the beverage industry for soy milk and soy drinks which are the nutritious and wonderful product for the people who are lactose intolerant. Soy extract capsules are available in the market which is very useful for women suffering from hot flashes due to menopause and are going through hormonal changes. Soy extract is also used in the cosmetic industry for making crème and gel for anti-ageing skin, to keep healthy and soft. Soy extract powder is used in protein supplements as soy is packed with high protein content and it is perfect protein supplement for vegans. 

Soy extract market is segmented on the basis of application as in food market, pharmaceutical market, and cosmetics market. Soy extract has the wide range of application and can be used as the ingredient for the different-different market. 

Soy extract regional outlook

Soy extract market is segmented in the key regions like North America, South America, Western Europe, Eastern Europe, Asia-Pacific region, Japan, Middle-east, and Africa. The United States is the leading producer of soybean globally since last 5 years, followed by Brazil, Argentina, Canada, Paraguay, Europe, China, and India. 

Soy extract Market Drivers

Soy extract has the wide range of application in the different market, this ingredient is required in ample amount by the manufacturers to produce useful products for the end users. The end user product will shape the market of soy extract and will generate revenue for the manufactures of soy extract. Major driver of soy extract market is wide of products requiring this particular ingredient and the benefits linked with the consumption of soy extract by the end users. Soy contains 40% protein, 22% fat, 25% carbohydrates, and 8% fiber making it is demanded in the food, beverages, healthcare and cosmetic market.   

Soy extract market Restraints

 Restraint for soy extract market is the risk factor involved in the consumption of soy extract. Phytates in soy extracts can down regulate the absorption of basic nutrients like zinc, calcium, magnesium and iron. Another concern with soy extract is that consumption of soy extract at the high rate by men can cause feminine characters in men. So if these factors are kept under control then soy extract can be boosted. 

Soy extract market key players

The key players of soy extract market identified in this value chain are Natrol LLC, Beiersdorf Australia Limited, Novaforme, Alpro, WhiteWave Services Inc., and Life Extension. These players are making strategies to be on the top of Soy extract market by the end of 2027 and are forecasted to gain great revenues during the term of 2017-2027 keeping the high demand in mind.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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