Organic Soy Protein Market

Organic Soy Protein Market Size, Growth, Trends (2023-2028)

The global Organic Soy Protein Market size was assessed to be USD 270 million in 2022 and is determined to rise up to USD 770 million by 2028 at a CAGR of approximately 16.4% throughout the conjecture period. With the increasing advantages of soy products, the global organic soy protein market is touted to accelerate with a notable percentage.

Market Overview:

The protein extracted from soy without any chemical interference is considered as organic soy protein. To make soy protein, soy is ground into a meal that does not contain fat or shell. Soy protein isolate contains approximately 90-95% protein and are sold in powder form, rich in protein and low in carbohydrates. You can also add additional nutrients to improve nutritional value, texture, and flavor. Soy protein provides all the amino acids necessary for healthy growth. Organic soy protein is mainly used for its functional effect and nutritional properties, mainly under normal dietary intake. Well-processed soy protein ingredients are considered as healthy for humans. Soy protein is used in human food in a variety of ways, including baby food, wheat flour, isolates and protein concentrates, and organized fibers.

Recent Developments in Organic Soy Protein Industry:

• In August 2019, Smithfield Foods launched a new soy-based product under a pure farmland brand that includes hamburgers, dumplings, and breakfast patties.

REPORT COVERAGE:

Organic Soy Protein Market Growth:

Increased health awareness among consumers is expected to increase demand for organic soy protein market in future.

Drivers:

Due to the rise in intake of functional and healthy foods, the global soy protein market is foreseen to develop in a considerable way in the coming days. Also, the growth in several end-use industries like bakery and confectionery, alternative dairy and meat products, and functional foods, is determined to fuel the development in the organic global soy protein business in the estimated time. The main factors that are expected to further increase the demand for organic soy protein products over the forecast period are the health benefits of soy protein, lifestyle changes and mass consumption of soy protein due to a growing middle-class population. The growing trend in nutrition and healthy diets coupled with the growing health-conscious population in developing countries is estimated to drive the market for organic soy protein for an estimated period. Also, as the demand for protein-rich foods increases in developed countries and the consumption of meat substitutes increases, this organic soy protein market is assumed to progress in the future. As awareness of the various health benefits of soy protein increases in the future, the expansion of the organic soy protein market worldwide is likely to accelerate in the future. The soybean dairy trend is attracting global attention and is foreseen to stimulate market growth.

Increasing consumer awareness of the health benefits of organic foods is a major driver of growth for the organic soy protein market worldwide. There are various forms and types of organic soy protein, and without GMO sweeteners and ingredients or preservatives, growth in the global organic soy protein market is expected to accelerate. The adoption of vegan foods consisting of soy protein as an alternative to meat and dairy products is presumed to contribute to the growth of the global organic soy protein market. Soy protein products are cheaper than other similar products. This can promote sales and consumption. Soy protein is a complete source of protein for the human body and contains amino acids. The organic soy protein market finds increased adoption in the vegan population as it meets their urge for protein. Organic soy protein also has the needs of people with chronic disease, diabetes, and obesity. The rising popularity of organic products will support this market to expand. Increased physician recommendations for healthy eating habits and increased consumer awareness of the side effects of eating unhealthy foods are driving demand for organic soy protein. The demand for these products is also increasing by consumers who cannot tolerate lactose and cannot have milk and dairy products. For the development of innovative and profitable organic products, technological advances and increased R&D activities by major players are deemed to create new revenue opportunities for players operating in target markets during the outlook period. In addition, as merger and acquisition activities expand between regional and international companies, it is expected to further support sales growth in the global organic soy protein market.

Restraints:

The availability of non-organic soy protein threatens the market. This will limit the growth of the market. Along with that, some people are allergic to soy or high protein consumption. These two factors serve to inhibit the growth of the global organic soy protein market.

Organic Soy Protein Market Segmentation Analysis:

By Application:

• Dairy alternatives
• Functional food
• Infant formula
• Meat alternative
• Confectionary
• Bakery
• Others

By Form:

• Powder
• Concentrated
• Isolated

By State:

• Liquid
• Dry

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

By region, the global organic soy protein market is divided into North America, the Middle East and Africa, Europe, Asia Pacific and Latin America. Europe has the largest number of companies in the bakery and confectionery industry, with a significant market share in terms of sales. North America is anticipated to be the second-largest market for this protein. These two regions are expected to be an important source of income for the market, as the demand for organic soy protein continues to increase due to the increasing demand for various end-uses. Asia-Pacific is another important regional organic soy protein market, with significant growth anticipated during the projection period. The growth of the Asia Pacific organic soy protein market will be driven by high demand for confectionery products such as chewing gum and chocolate. Due to the rapid growth of urban life, countries in this region have become more health-conscious and, more recently, are focusing on healthy and nutritious eating habits. This trend also affected India and China, making it the fastest-growing organic soy protein market in the Asia-Pacific area. However, Europe dominates the global market followed by North America on the basis of the market size. The Latin American market for organic soy protein is expected to be boosted by the massive consumption of meat substitutes and functional foods. As consumer awareness of the benefits of soy products increases, the market for organic soy protein in the Middle East and Africa is likely to accelerate in the future.

Key Players in the Market:

Major Key Players in the Global Organic Soy Protein Market are

• Burcon NutraScience
• Harvest Innovations
• Armor Proteins
• World Food Processing
• George Weston Foods
• ADM
• Devansoy Inc
• Kellogg Company
• The Scoular Company
• Omega Protein Corporation
• SunOpta Inc
• MGP Ingredients
• Dupont
• Bunge Alimentos SA