Global Soy Protein Ingredients Market Size, Share, Trends, Covid-19 Impact & Growth Forecast Report - Segmented By Type( Soy Protein Isolates, Soy Protein Concentrates, Soy Flours And Others) , Application ( Bakery And Confectionery, Meat Alternatives, Functional Foods, Dairy Replacement, Infant Foods And Other Applications) And Region(North America, Europe, Apac, Latin America, Middle East And Africa) - Industry Analysis 2024 to 2029

Updated On: June, 2024
ID: 7478
Pages: 175

Global Soy Protein Ingredients Market Size (2024 to 2029)

The Size of Global Soy Protein Ingredients Market is anticipated to grow from USD 8.19 billion in 2024 to USD 11.64 billion by 2029, growing at a CAGR of 7.3% from 2024 to 2029.

Soy protein is obtained from soybeans after extraction of oil. Soy Protein is used for the fortification of many food products and as an alternative to dairy protein. It is extensively used as a meat extender and as a quality substitute for meat. This legume is one of the few plant proteins that contains all eight essential amino acids. High functional properties of the soy protein ingredient and eco-friendly and natural health benefits drive the demand for soy protein during the forecast period.

Moreover, it is more cost-effective than animal protein and reflects the same protein content. This is expected to enhance the adoption of soy protein across various end-use industries resulting in increasing the shelf life of processed food, so it is also considered as the most sustainable protein ingredient. This in turn boosts the market. However, the allergic nature of soy protein ingredients is restraining its growth during the forecast period. Moreover, the negative impact of genetically modified (GM) soy coupled with the availability of various alternatives such as milk proteins, pea proteins, and other animal proteins is also affecting the growth of soy protein ingredients in the forecast period. 

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

7.3 %

Segments Covered

By Type, Application & region.     

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Archer Daniels Midland (ADM) Company, Dean Foods Company, Armor Proteins, Gelita Group, Bunge Alimentos SA, Kerry Ingredients Inc., Burcon NutraScience, Cargill Health & Food Technologies, E. I. du Pont de Nemours and Company, Kellogg Company, Doves Farm Foods, Kraft Foods Group Inc., Manildra Group, MGP Ingredients, Omega Protein Corporation.

 

 

SEGMENTAL ANALYSIS

Global Soy Protein Ingredients Market Analysis By Type  

Soy protein isolates dominate the market followed by soy protein concentrates.

Global Soy Protein Ingredients Market Analysis By Application

By application, the market is classified into bakery and confectionery, meat alternatives, functional foods, dairy replacement, infant foods, and other applications. The functional food segment dominates the Soy Protein Ingredients market.

REGIONAL ANALYSIS

On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific, and the Rest of the World. The market was dominated by North America followed by Europe. The Asia Pacific and Latin America regions are expected to register a high CAGR.

KEY PLAYERS IN GLOBAL SOY PROTEIN INGREDIENTS MARKET

Key Players In Global Soy Protein Ingredients Market Are Archer Daniels Midland (ADM) Company, Dean Foods Company, Armor Proteins, Gelita Group, Bunge Alimentos SA, Kerry Ingredients Inc., Burcon NutraScience, Cargill Health & Food Technologies, E. I. du Pont de Nemours and Company, Kellogg Company, Doves Farm Foods, Kraft Foods Group Inc., Manildra Group, MGP Ingredients, Omega Protein Corporation.

DETAILED SEGMENTATION OF GLOBAL SOY PROTEIN INGREDIENTS MARKET INCLUDED IN THIS REPORT    

This research report on the global soy protein ingredients market has been segmented and sub-segmented based on type, application & region.     

 By Type  

  • Soy protein isolates
  • Soy protein concentrates
  • Soy flours

 By Application

  • Bakery
  • Confectionery
  • Meat Alternatives
  • Functional Foods
  • Dairy Replacement
  • Infant Foods
  • Other Applications

By Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East, and Africa

 

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Frequently Asked Questions

1.What are the main applications of soy protein ingredients?

Soy protein ingredients are used in a variety of food products including meat alternatives, dairy alternatives, baked goods, nutritional supplements, and sports nutrition products. They are also used as emulsifiers and stabilizers in food processing.

2.What are the key factors driving the growth of the soy protein ingredients market?

Factors driving market growth include increasing consumer demand for plant-based protein products, growing health consciousness, rising vegan and vegetarian populations, and the versatility and functional properties of soy protein ingredients.

3.Are there any challenges facing the soy protein ingredients market?

Challenges include competition from other plant-based protein sources, concerns about allergenicity and GMO (genetically modified organism) status, and fluctuating prices of soybeans due to factors such as weather conditions and trade policies.

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