Soluble Soybean Polysaccharides (SSPS) Market, By Type (Type B (Medium Viscosity) and Type A (Low Viscosity)), By Product (Galactose, Arabinose, Galacturonic Acid Rhamnose and Others), Application (Lactic Acid Beverage, Rice & Flour Products, Biomedicine and Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2028

The Global Soluble Soyabean Polysaccharide Market accounted for USD 2,237.6 million in 2020 and is projected to grow at a CAGR of 9.7% during the forecast period. Soluble soybean polysaccharide (SSPS) is extracted and directed from soybean. It is made from soybean cotyledon having low viscosity and high aqueous stability. Wide range of health benefits of soluble soyabean polysaccharide include low risk of diabetes, low blood cholesterol, and increased laxation. It is also widely used as raw material for dietary supplements. Furthermore, it can be consumed as low-fat ice creams, dairy-based products, puddings and thickened milkshake-style beverages.

SSPS are used in various food applications, due to various unique physical properties. For instance, SSPS has a great adhesive strength making it useful as a binder in various food applications. SSPS can produce film, which can be used to create a water-soluble and colorless edible film. They are also employed to soften the surface of many food products, like cream sauces, meats, breads, and others.

SSPS are used in refreshing acidic milk beverage developments like soft drinks, without any milk protein precipitation. They are utilized in various beverages that are sold in plastic bottles as they resist the degradation of appearance when stored for long time. Furthermore, they are also widely used in desserts, frozen confections and other items. All the above-mentioned factors are expected to boost the global market growth during the forecast period.

Impact of COVID-19 on Global Soluble Soyabean Polysaccharide Market

The spread of COVID-19 and the resulting lockdown have had a significant impact on soybean-based products. Soybean oil, one of the primary byproducts of soybean processing, has witnessed a drop in consumption, owing to the pandemic's negative effect on restaurants, which consume more vegetable oils than at-home consumers. Similarly, as fuel demand has declined, so has consumption of bio-diesel, one other soybean byproduct. Therefore, COVID-19 pandemic has negatively impacted the soluble soyabean polysaccharide market.

TABLE 1: GLOBAL SOLUBLE SOYABEAN POLYSACCHARIDE MARKET OVERALL SNAPSHOT

Table 1

Market Segmentation

The global soluble soyabean polysaccharide market report has been segmented as type, product, application, and region.

FIGURE 1: GLOBAL SOLUBLE SOYABEAN POLYSACCHARIDE MARKET SEGMENTATION

fig 1

Global Soluble soyabean polysaccharide Market, by Type

Based on type, the market is bifurcated into type B (medium viscosity) and type A (low viscosity). The type A (low viscosity) segment is estimated to account for the largest share in the market during the projected period.

Most of the key players have implemented low viscosity soybean to manufacture products, as it provides protein stability and a stimulating taste. SSPS with low viscosity are suitable for usage in a protein-containing beverage, and it does not reduce its stabilizing properties even in a calcium-enriched nutrient-fortified drinks. Thus, these properties are boosting the demand and hence will drive the market growth during the analysis period.

Global Soluble Soyabean Polysaccharide Market, by Product

Based on product, this market is classified into galactose, arabinose, galacturonic acid rhamnose, and others. The galactose segment is projected to account for the largest share in the market during the forecast period.

The SSPS contain large amount of galactose content as compared to other products. Increasing use of SSPS in fermented milk drinks, cakes, and others has create a demand for galactose. Thus, continuous demand for these products is expected to contribute to segment growth.

Global Soluble Soyabean Polysaccharide Market, by Application

Based on application, this market is divided into lactic acid beverage, rice and flour products, pharmaceutical, and others. The lactic acid beverage segment is estimated to account for the largest share in the market during the forecast period. The segment growth can be attributed to various applications including in yogurt, acidic milk drinks, low-fat ice cream, fermented milk drinks, among others. Thus, demand from these applications is expected to drive the market growth.

Global Soluble Soyabean Polysaccharide Market, by Region

Based on region, the global soluble soybean polysaccharides (SSPS) market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America is expected to account for the largest share in the market during forecast period.

The regional growth can be attributed to factors, such as shifting lifestyles, a lack of healthy dietary intake, and global manufacturers' increased emphasis on R&D to develop new kinds of soy-protein-enriched products with soluble soybean polysaccharides (SSPS) as an ingredient, thereby driving the market growth.

TABLE 2: GLOBAL SOLUBLE SOYABEAN POLYSACCHARIDE MARKET OVERVIEW

table 2 

FIGURE 2: GLOBAL SOLUBLE SOYABEAN POLYSACCHARIDE MARKET (USD MILLION), 2020–2028

fig 3

Recent Developments in the Global Soluble soyabean polysaccharide Market

  • January 2019 - Fuji Oil (Japan) had established a new plant for soy processing food at Chiba plant in the city of Chiba, Japan. With the new plant, the company is focusing on developing new markets for the future.

What Does This Report Provide?

This report provides a detailed understanding of the global soluble soyabean polysaccharide market from qualitative and quantitative perspectives during the forecast period. The major market drivers, challenges, and opportunities for the global soluble soyabean polysaccharide market have been covered in the report. This report further includes the market shares of the leading companies operating in the global market, along with their production capacities and the growth strategies adopted by them.

Market Segmentation:

By Type:

  • Type B (Medium Viscosity)
  • Type A (Low Viscosity)

By Product:

  • Galactose
  • Arabinose
  • Galacturonic Acid Rhamnose
  • Others

By Application:

  • Lactic Acid Beverage
  • Rice and Flour Products
  • Pharmaceutical
  • Others

By Region:

North America Soluble Soyabean Polysaccharide Market

  • North America, by Country
    • U.S.
    • Canada
    • Mexico
  • North America, by Type
  • North America, by Product
  • North America, by Application

Europe Soluble Soyabean Polysaccharide Market

  • Europe, by Country
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe 
  • Europe, by Type
  • Europe, by Product
  • Europe, by Application

Asia Pacific Soluble Soyabean Polysaccharide Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific 
  • Asia Pacific, by Type
  • Asia Pacific, by Product
  • Asia Pacific, by Application

Middle East and Africa Soluble Soyabean Polysaccharide Market

  • Middle East and Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • Iran
    • South Africa
    • Rest of Middle East and Africa
  • Middle East and Africa, by Type
  • Middle East and Africa, by Product
  • Middle East and Africa, by Application

South America Soluble Soyabean Polysaccharide Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Rest of South America
  • South America, by Type
  • South America, by Product
  • South America, by Application

Major Companies: In this report, the major companies studied are: Fuji Oil Holdings Inc (Japan), Yiming Biological Products Co. Ltd (China), Pingdingshan Jinjing Biological Technology Co. Ltd (China), Kowa Company Ltd (Japan), Gushen Biological Technology Group Co. Ltd (China), Bio Nutrients India Pvt Ltd (India), Shandong Yuwang Ecological Food Industry Co. Ltd (China), Fos Gmbh (Germany), Linyi Shansong Biological Products Co. Ltd (China), JRS Pharma (Germany), Creative Enzymes (U.S.) and Guangzhou Fofiber Biological Industry Co. Ltd (China).

Objectives of this Report:

  • To estimate the market size for the soluble soyabean polysaccharide market on a regional and global basis
  • To identify major segments in the soluble soyabean polysaccharide market and evaluate their market shares and demand
  • To provide a competitive scenario for the soluble soyabean polysaccharide market with major developments observed by the key companies in the historic years
  • To evaluate key factors governing the dynamics of soluble soyabean polysaccharide market with their potential growth during the forecast period
  • To evaluate the leading company-wise pricing analysis for the mentioned applications

 Key Questioned Answered in the Report:

  • What are major growth drivers and market trends that impacting on the global soluble soyabean polysaccharide market?
  • What the market size both in terms of value and volume for global soluble soyabean polysaccharide market?
  • Who are leading market players and who are the new market players that operate in the global soluble soyabean polysaccharide market with an estimated market share?
  • What are the future investment pockets and opportunity in the global soluble soyabean polysaccharide market?
  • Major list of customers and potential futuristic customer list along with an estimated buying volume
  • Impact of COVID-19 on global soluble soyabean polysaccharide market

Customization:

This study is customized to meet your specific requirements:

  • By sub-segment
  • By client-specific country, type, and application market analysis
  • Pricing analysis along with the potential list of customers
  • Product-specific competitive analysis

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