The global soy protein ingredients market was valued at USD 7.7 billion in 2022 and is projected to reach USD 10.8 billion by 2027, registering a CAGR of 7.0% during the forecast period (2022–2027). These ingredients, derived by processing soymeal to achieve higher protein concentrations, are widely used as a cost-effective and functional protein source in both food and animal feed applications.
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Market Dynamics and Growth Drivers
The demand for soy protein is surging in food and feed industries due to its health benefits, functional properties, and affordability compared to animal proteins. Soy proteins are emerging as a viable alternative to animal proteins, driven by:
- Increasing availability of soy crops in regions such as South America and Asia Pacific, alongside global cultivation.
- Low production costs, enabling manufacturers to focus on product innovation while keeping prices competitive.
- Rising dairy prices, making soy protein an attractive alternative for consumers.
Soy Protein Isolates: Leading the Growth
Among the various soy protein types, soy protein isolates (SPI) are expected to grow at the highest CAGR of 7.4% during the forecast period. SPI offers several advantages:
- Enhances meat texture, protein content, and moisture retention.
- Provides excellent emulsification properties and a bland taste.
- Contains high protein content (approximately 90%) while being low in fat and fiber, which reduces flatulence.
- SPI is extensively utilized in the food industry and has applications in health, pharmaceutical, and bakery products, making it a preferred choice for functional food manufacturers.
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Dominance of Dry Form Soy Proteins
The dry form segment is anticipated to lead the market due to its:
- Role as a texture enhancer, particularly in plant-based meat alternatives.
- Longer shelf life, convenient packaging, and ease of blending with other components.
- Rising demand for texturized soy protein ingredients, catering to the growing trend of replicating meat textures in plant-based foods.
Regional Insights: North America Leads the Market
North America dominated the soy protein ingredients market in 2022, with a valuation of USD 2.93 billion. Key factors include:
- Consumer shifts to veganism and flexitarian diets, driven by ethical considerations and environmental awareness.
- The rising adoption of plant-based foods is supported by growth in retail sales, which reached USD 7.4 billion in 2021, according to the Plant-Based Foods Association.
- A strong production base for plant-based protein manufacturers, with the US being a major producer of soybeans and wheat.
- In Mexico, the demand for protein-rich food and beverages is also increasing due to its multicultural population, contributing to the growth of soy protein offerings in the region.
Leading Soy Protein Ingredients Manufacturers
The soy protein ingredients market features leading players, including:
- ADM (US)
- Wilmar International Ltd (Singapore)
- Cargill Incorporated (US)
- International Flavors & Fragrances Inc. (US)
- BRF Global (Brazil)
- Fuji Oil Holdings Inc. (Japan)
- CHS Inc. (US)
- Crown Soya Protein Group Company (China)
The current report on the Soy Protein Ingredients Market provides a comprehensive assessment of the business vertical and offers a comprehensive overview of the industry along with its key segments.
The study includes an accurate estimate of the current industry scenario along with the market size, market volume, and revenue garnered by the industry.
The report delivers radical data about the competitive landscape of the Soy Protein Ingredients industry and a thorough bifurcation of the regions where the Soy Protein Ingredients market has established a significant footing.
The competitive landscape includes extensive profiling and overview of prominent players of the Soy Protein Ingredients industry.The report studies the following companies in detail: Archer Daniels Midland Company (U.S.)I. du Pont de Nemours and Company (U.S.)Cargill (U.S.)CHS Inc. (U.S.)Kerry Group plc.
(Ireland)Wilmar International Ltd. (Singapore)Nisshin OilliO Group(Japan)Ruchi Soya Industries Ltd. (India)Ag Processing Inc. (U.S.)Devansoy (U.S.)The Scoular Company (U.S.).Radical Highlights of the Soy Protein Ingredients Market Report:The research report provides an accurate analysis of the product range, application spectrum, regional analysis, and competitive landscape of the Soy Protein Ingredients industry.The market is categorized on the basis of the types into:Soy protein concentratesSoy protein isolatesSoy floursOthersTextured soy proteinSoy gritsHydrolyzed soy proteinsBased on application, the Soy Protein Ingredients market is segmented into:FoodBakery & ConfectioneryMeat AlternativesFunctional FoodsDairy ReplacementsInfant FoodsOther Food ApplicationsFeedLivestockCattleSwinePoultryPet foodAquafeedThe report offers key details about the production volume and price analysis.The report further provides key insights into the market share held by each product and application in the Soy Protein Ingredients market.
The report also sheds light on the supply chains and the changes in the trends of the upstream raw materials and downstream distributors.The report explains the market share and sales volume of each company, along with the key details of the operations of these companies.
According to the current analysis of Reports and Data, the global Soy Protein Ingredients Market was valued at USD 9.7 Billion in 2018 and is expected to reach USD 16.6 Billion by the year 2026, at a CAGR of 6.9%.
They are used to produce high protein foods as they are concentrates of soy proteins.The report offers a thorough analysis of the regions with regards to production and consumption patterns, supply and demand dynamics, import/export, technological and product advancements, current and emerging trends, consumer demands, consumer behavior shifts, and presence of key market players in each region.
The report also covers a comprehensive country-wise analysis to impart better understanding of the scope and growth of the market.Get sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/1865Key Players:The global Soy Protein Ingredients market is highly fragmented with major players like Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Cargill, CHS Inc., Kerry Group plc., Wilmar International Ltd., Nisshin OilliO Group, Ltd., Ruchi Soya Industries Ltd., Ag Processing Inc., and Devansoy, among others, collectively constituting a competitive market.Further key findings from the report suggest:Soy protein isolates segment is expected to reach USD 5.3 billion by the year 2026, showing the highest growth during the forecast period.
Soy protein isolates are used for moisture retention and for enhancing the texture of food products.Soybeans contain all the essential amino acids that are necessary for human nutrition and have been produced and harvested for thousands of years.
Isoflavones are phytoestrogens that are dietary supplements and serve as raw materials to many food preparations.
Their consumption helps maintain blood vessel health.Soy grits are high protein high fiber, coarsely grounded toasted soybean.
