Over the past couple years, soy is becoming an extremely popular ingredient because of the increasing amount of vegetarians and healthy dieters. Many companies, such as Solae, have proudly invested in researching the expanding and understanding the health benefits of soy protein. Soy products come from soybeans, which are all-natural, reliable, and renewable sources. Although it seems that this product will always be easy to find and use, the global prices for soy protein ingredients are increasing rapidly for several reasons.
In specific, the Solae Soy Protein Company will be raising the prices of their products almost immediately by up to 30 percent. Vice President of Solae, Michele Fite said, “The landscape of the agricultural and food industries and economies have changed...[there is a] high demand for protein and [a] global demand for natural resources...costs are rising for Solae.” The rising costs of soy protein can be explained by several factors. For example, identity-preserved soybeans are difficult to source because more farmers are planting genetically and modified crops to attract the healthier consumer. Also, the fluctuating natural gas and oil prices are making it more expensive to ship and deliver the products to consumers around the world. These and many other factors are forcing the soy companies to increase their prices in order to supply enough products to the increasing demand for soy protein.
As the cost of the soy protein ingredient increases, the supply will naturally decrease. This means that the companies will start to make less of the products and sell them at a higher price. Unfortunately, the rising price of soy protein will most likely keep go ...