The Okara Market research report delves deep into the competitive landscape of the global market, offering comprehensive insights into companies' profiles, encompassing details like company overview, contacts, product portfolio, key developments, pricing, costs, value, volume, revenue, capacity, and production. Beyond these details, the report serves as a comprehensive compendium, shedding light on recent advancements, product launches, collaborations, mergers, and acquisitions within the industry. Moreover, it acts as a concise summary, outlining market definitions, classifications, and prevailing trends.

By spotlighting key players and their respective market shares across vital regions like APAC, EMEA, and Americas, the report also addresses the challenges encountered by these entities. The Okara Market report’s analysis assesses multiple segments anticipated to experience rapid growth during the forecast period. Leveraging SWOT analysis, it pinpoints market drivers and restraints, offering a comprehensive understanding of their impact on demand. Both established entities and newcomers in the Food & Beverage can effectively utilize the Okara Market report to gain a profound comprehension of the market landscape. As a reliable resource, it equips businesses with the tools necessary to attain a competitive edge in the industry.

Data Bridge Market Research analyses that the okara market is expected to reach USD 5.41 billion by 2030, which is USD 3.72 billion in 2022, registering a CAGR of 4.80% during the forecast period of 2023 to 2030.

Definition

Okara is a byproduct of soy-based foods produced during the soymilk or tofu production processes. It contains about 25% protein, 10% lipid, 50% dietary fiber and other nutrients. It is normally yellowish or white in color. Okara is a good raw material and rich source for making fiber because of its high fiber content and low production costs,

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Key Growth Drivers:

• Health benefits associated with okara

Okara is a rich source and good raw material for preparing fiber and dietary supplement to prevent metabolic syndromes. In current years, various physiological functions of DFs, peptides, aglycone isoflavones and amino acids in okara have been reported against metabolic syndromes such as hyperlipidemia, diabetes, obesity and cardiovascular diseases. Therefore, as a result of several health benefits associated with okara, the market is expected to grow during the forecast period.

• Increasing demand of okara in animal feed

Okara is used as animal feed, emulsifier, food preservative and an essential ingredient to improve soil health. Okara is widely used in animal feed resource because it is ecologically friendly and cost-effective alternative. As the demand for the livestock products is growing day by day, the demand for the okara in the animal diet is also increasing which is expected to drive the growth of the market.

The report emphasizes the participation of key entities, notably:

• Vitasoy International Holdings Ltd (China)
• House Foods Group Inc. (Japan)
• Morinaga Nutritional Foods, Inc. (Japan)
• Pulmuone Corporate (South Korea)
• Midas Soy Nutritions (India)
• Schouten (Netherlands)
• Innpac India Pvt. Ltd. (India)
• INVIGORATE FOODS (India)
• STAR SOYA FOOD (India)

Key Market Perspectives:

• Thorough examination of prevailing market tendencies
• Updates on the latest product advancements and innovations
• Okara market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
• Strategies and activities of prominent players and brands in the field
• Insights into the industry landscape for emerging participants

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Key Market Segmentation

By Usage (Bread, Steamed Bread, Noodles, Others), Nutritional Sources (Protein, Fat, Calcium, Minerals Dietary Fiber), By-Product (Tofu, Soy Milk), Application (Hotels, Restaurants and Catering, Food Processing, Household Others), Distribution Channel (Store-Based, Non-Store-Based)

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