According to the research report titled ‘Global Soybean Protein Fiber Market Size study by Type (Glass, Ceramic) by End-Use Industry (Composite, Textile, Industrial and Others), and Regional Forecasts 2020-2027’, available with Market Study Report, global soybean protein fiber market is expected to register noticeable growth from 2020 to 2027.
 

Rising adoption of naturally sourced products is a major factor driving the growth of global soybean protein fiber industry. In fact, according to Kanitkar, global fiber production was recorded at 78 million tons in the year 2010 and is witnessing increment each year. Similarly, the report claims that Shanghai Winshow Soybean Fibre Industry Co. Ltd. produces around 1,500 tons of fibers every year. 
 

For those uninitiated, SPF (soya protein fibers) are developed in a combination of polyvinyl alcohol (synthetic polymer) which act as a primary component from glycine max, a regenerated soya protein. Soybean protein fiber has better properties as compared to synthetic and natural fibers. They produce highly aesthetic and comfortable textiles which are easy to care.
 

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The product is a unique active fiber which consists of 16 amino acids offering high nutrition. It also provides advantages such as draping, ventilation, and moisture absorption superior to natural and synthetic fibers. Soybean protein fibers possess smoothness and softness like a cashmere but is relatively eco-friendly, thereby fueling the market expansion.
 

Based on type, the market is segmented into ceramic and glass. The end-user landscape of soybean protein fiber market comprises of industrial, textile, composites, and others.
 

As far as regional landscape is concerned, the market is bifurcated into North America, Asia-Pacific, Latin America, Europe and rest of the world. The country-level fragmentation consists of Mexico, Brazil, Latin America, South Korea, Australia, Japan, India, China, Italy, Spain, France, Germany, U.K., Canada and the U.S. 
 

The report cites that China accounts for the largest market share and is expected to showcase similar growth in the forthcoming years, primarily due to increasing production of soybean protein fiber. However, the U.S. soybean protein fiber market is also anticipated to register high CAGR through 2027.
 

The prominent companies operating in global soybean protein fiber market are NOW Foods, The Archer-Daniels-Midland Company, Euroduna Food Ingredients GmbH, Pacific Soybean & Grain, Foodchem International Corporation, Healthy Food Ingredients LLC, Nutra Food Ingredients LLC, Danisco A/S, and Ruchi Soya Industries Ltd. among others.