Soy Protein Isolate Market

Soy Protein Isolate Market Size, Share Growth (2022-2027)

Soy Protein Isolate Market size was estimated to be USD 1.23 billion in 2022 and it is foreseen that it will reach a valuation of USD 3.45 billion by 2027 at a CAGR of 4.8% during the determined period.

Market Overview:

Soy protein isolates are gaining considerable traction, especially as health and sustainability concerns arise regarding the use of animal proteins. Concerns about animal welfare issues and the environmental impact of animal husbandry play an important role in the growth of the market for soy protein isolates. People are primarily concerned with health when choosing foods. Changes in lifestyle and a busy, busy and busy working life caused many health problems. Many people follow an uncertain and unhealthy eating schedule. This has significantly increased the number of health problems, motivating consumers to choose a healthy diet. Therefore, a food component that has a high protein concentration is required among many consumers. In addition, the preference for botanical gardens' protein-rich food ingredients is increasing. Soy is a famous plant and has many uses due to its nutritional value. Soy protein isolate is extracted from a skim soybean meal. The soy protein isolates market is a pure protein with approximately 93-97 proteins and minimal carbohydrates and fats. Additionally, soy protein isolate is gaining popularity as an alternative to dairy and meat-based proteins. Soy protein isolate is used in many food and beverage products, such as sauces, soups, snacks and bars, bottled beverages, and bodybuilding supplements.

Recent Developments in Soy Protein Isolate 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:

Soy Protein Isolate Market Growth:

The market for soy protein isolates will witness strong growth due to these key factors. Soy protein isolate is a rich source of protein and contains almost the same amount of amino acids as meat protein.

Drivers:

Foods and drinks enriched with protein-rich ingredients, such as isolated soy protein, are in high demand. Increasing health awareness, changing diets, and growing awareness of the importance of meeting daily nutrient requirements are among the key factors driving the global soy protein isolate market. The growing demand for protein-rich foods is another factor driving the market for soy protein isolates. The high protein content, high nutritional value and special sources of lean protein should keep it important. It also lowers cholesterol, eliminates free radicals, aids metabolism, and provides antioxidant protection in the diet during lifestyle diseases such as diabetes. New growth opportunities are expected to be created as market competition grows fiercer as the trend for health-sensitive foods increases and pressure on prices increases. There is a growing demand for isolated soy protein as an efficient and economical alternative to meat and dairy proteins. Isolated soy protein is used in the manufacture of various nutrient-rich products, such as powdered beverages, liquid nutrients, infant formulas, and ground milk. Isolated soy protein is used as an additive in various bakery and confectionery products. As demand for protein-enriched snacks and bars increases, growth in the isolated soy protein market is expected to accelerate. Vegan consumers find efficient protein alternatives such as isolated soy protein to meet their daily protein needs.

The market for the isolate of soy protein is expected to strengthen as the number of vegetarians increases. Therefore, as the demand for the food and beverage industry increases and the popularity of isolated soy protein increases, the global market for soy protein isolates is likely to grow in terms of quantity and value over the prognosis period. Soy protein isolate provides a positive advantage for patients with obesity-related conditions, such as fatty lizard disease and inflammation. The association between increased obesity and fatty liver disease with major life-threatening diseases, such as cardiovascular disease, is supposed to lead to significant growth in the protein isolation market. Additionally, soy protein isolates have been approved for sale in more than 12 countries that claim to lower cholesterol and provide a variety of health benefits. The growing trend towards veganism and increased adoption by major fast food chains is assumed to be of great help to the soy protein isolates market. The globally isolated soy protein market is showing rapid growth as there are several growth opportunities for market participants. The current 'go organic' trend opened up opportunities for market players to include isolated soy protein based on various organic products in their product portfolio. As the demand for isolated soy protein as an alternative to meat protein has increased, manufacturers have increased the need to provide innovative and customized isolated soy protein products.

Restraints:

Increased costs and threats from substitutes are presumed to affect overall market growth in developed and developing countries. With the growing demand for clean fragrance additives, companies are struggling to innovate fragrance-free isolated soy protein. The flavor of soy protein isolate is undesirable for consumption. This flavor is caused by the presence of compounds such as aldehydes, ketones, furans and alcohols. Heavy chain aldehydes are also fragrant in soy products and are one of the reasons for the herb's flavor. People who are allergic to soy inhibit the growth of the global soy protein isolate market.

Soy Protein Isolate Market Segmentation Analysis:

By Product Type:

• Soy Isolates           

• Soy Concentrates

• Textured Soy Protein   

By Application:

• Bakery & Confectionery   

• Meat Extenders & Substitutes      

• Nutritional Supplements  

• Beverages              

• Others     

Soy Protein Isolate Market Regional 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)

North America is a major regional market for isolated soy protein. However, growth in the soy protein isolate market in North America is expected to be slower than in East Asia. North America has more than 41.5% market share of soy protein isolates, followed by Europe. Most consumers in the United States are health conscious and suspicious of preventive health care, where soy protein isolation has a high adoption rate. Increased migration to products such as plant-based meats and increased sales of baked goods are helping the growth of the soy protein isolates market.

Due to the growth of the functional food industry, East Asia and South Asia are expected to show rapid growth during the forecast period, increasing the benefits of isolated soy protein and awareness of new vegan trends. The Asia Pacific region is expected to grow at a higher CAGR during the outlook period. This is because of consumer awareness of health increases due to the increase in disposable income. The increase in obesity and the demand for dietary supplements is also driving the growth of the soy protein isolates market, as it has a driving force for manufacturers in this region by including soy protein isolate in functional and nutritional products. A vegan diet and testing of vegetable meat products by younger consumers will have a positive impact on the market.

Key Players in the Market:

Major Key Players in the Global Soy Protein Isolate Market are

1. Archer Daniels Midland                        

2. DuPont                        

3. The Scoular Group                  

4. Fuji Oil Asia Pte                        

5. Cargill                           

6. DowDupont