The global Soy Protein market was valued at $XX billion in 2016, and is projected to reach $XX billion by 2024, having a CAGR of 6% during the forecast period of 2017 to 2024.
Soy protein is a dietary protein which is derived from soybean. It contains necessary amino acids and micronutrients which are vital for human growth. Soy protein retains most of the micronutrients and vitamins owing to enhanced food processing method. Soy protein is a rich source of vitamin D which helps absorption of calcium and provides various health benefits, especially to women. It helps curb cardiovascular diseases and improves overall health.
Market Dynamics
People are adopting soy protein for their daily protein and micronutrient intake as a part of healthy lifestyle. The adoption rate of soy protein by end consumers is one of the key factor for the growth of global soy protein market. Rising awareness and acceptance of infant food containing soy protein is also one of the prominent factor boosting the growth of global soy protein market. However, soy protein allergies and substitutive protein sources may curb the market for further growth. Organic soy framing and untapped organic food market are significant opportunities available for the global soy protein market.
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The U.S. is the second largest revenue-generating region in the global marine fuel management market and accounted for around 22% share of the total market in 2015. Fleet management and fuel consumption, together accounted for about 78% of the total market in 2015, with the former constituting around 60%. The fleet management application area is expected to grow at a faster rate of 5.2% during the forecast period. The market is driven by factors such as increasing government regulations with respect to air emissions & other discharges, and innovation in fuel management technology.
EU accounted for around 16% share of the total market in 2015. Fleet management and fuel consumption, together accounted for about 76.9% of the total market in 2015, with the former constituting around 59%. The fleet management application area is expected to grow at a faster rate of 5.2% during the forecast period. The market is driven by factors such as increasing government regulations towards environmental sustainability. The EU has adopted several legislative measures to implement the International Convention for the Prevention of Marine Pollution from Ships (MARPOL convention) and ensure strict enforcement of the measures to reduce the pollution from ships
Marine fuel costs represent a major portion (60–70%) of a ship’s operating cost. With increasing oil prices and conservation efforts, careful fuel management and increased engine efficiency have become vital for environmental and financial reasons. A fuel management system not only provides the amount of fuel used but also gives additional data related to fuel usage. Measuring provides various parameters such as the amount of fuel used while traveling at sea or at port, amount of fuel used by a specific engine or generator, comparing fuel usage between voyages, and the amount of fuel used by a particular crew. Many new technologies such as Coriolis flow meters are now being adopted by many bunker suppliers and port authorities for fuel oil measurement while fueling the ship. Devices such as flow meters accurately measures mass flow and density in fuels, lubrication oil and gases. The flow meters are virtually maintenance-free, robust and compact making them ideal for marine and offshore applications such as bunker transfer monitoring. Various new technologies such as Coriolis flow meters are now being adopted by many bunker suppliers and port authorities for fuel oil measurement while fueling the ship. The global market for measurement systems is expected to reach $2,249 mn by 2022 growing with a CAGR of 4.3% during the forecast period.

MARINE FUEL MANAGEMENT MARKET SEGMENTATION
By Type

• Measuring
  • Monitoring
  • Reporting

By Application

• Fuel Consumption
  • Efficiency Level
  • Fleet Management

By Geography

• United States
  • Europe
  • China
  • India
  • Japan
  • South-East Asia

KEY MARKET PLAYERS
• ENIRAM
• ABB
• SIEMENS AG
• EMERSON
• MARORKA
• DNV-GL AS
• KRILL SYSTEMS, INC.
• NAUTICAL CONTROL SOLUTIONS LP
• BANLAW SYSTEMS LTD.
• KAMINCO
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