Product Code: PM3110
The global soy protein ingredients market size is expected to reach USD 14.27 billion by 2032, according to a new study by Polaris Market Research. The report "Soy Protein Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Soy Flours, and Other Types); By Form; By Application; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing demand for healthy food products with longer shelf life and continuous change in consumer lifestyle trends coupled with the growing incidences of a variety of chronic diseases have pushed governments and health organizations to spread awareness and further encourage people to intake soy protein in their daily health routine are prominent factors driving the global market growth. Moreover, the ever-rising demand for soy-rich foods to lower the impact and risk of cardiovascular diseases and improve heart health has paved the way for higher new product innovations, which are also projected to drive revenue growth. For instance, in November 2022, IFF introduced its plant-based protein "SUPRO TEX." The new solution provides a similar texture to the chunky pieces that do not require any large investments.
There has been a tremendous rise in the demand for functional foods with the surge in health awareness, consumer willingness, and nutritional requirements. Since soy protein ingredients can provide all types of amino acids required for human development, many medical experts have begun recommending it as a potentially healthier and better substitute for meat products. Furthermore, sustainable livestock production management could promote various important functions, including nutrient cycling, carbon sequestration, and efficient conservation of the agricultural landscape. Thus, the development of such meat alternatives will not only alleviate environment-related problems and also provide choices for vegetarians.
Soy Protein Ingredients Market Report Highlights:
Soy protein concentrates segment accounted for considerable global market share in 2022, owing to its ability to provide high quality protein content and nutrient-dense
Dry segment held the significant market revenue share in 2022, which is highly attributable to its ease of transporting, storing, low costs, and effectively maintaining the ingredient stability capabilities
Functional foods segment is expected to grow at a significant CAGR over the projected period because of the increasing prevalence for the adoption of soy protein ingredients in foods industry to reduce the fat and improve product quality
North America region dominated the market in 2022, on account of high consumer awareness regarding the health benefits on plant-based products and high R&D expenditure in the region
The global key players include International Flavors & Fragrances, Farbest Tallman Foods Corporation, Crown Protein Soya Group Company, and Cargill Incorporated
Polaris Market Research has segmented the soy protein ingredients market report based on type, form, application, and region:
Soy Protein Ingredients, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Soy Protein Concentrates
Soy protein Isolates
Textured Soy Protein
Soy Flours
Other Types
Soy Protein Ingredients, Form Outlook (Revenue - USD Billion, 2019 - 2032)
Dry
Liquid
Soy Protein Ingredients, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Bakery & Confectionery
Meat Alternatives
Functional Foods
Dairy Replacers
Infant Foods
Animal Feed
Others
Soy Protein Ingredients, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Soy Protein Ingredients Market Insights
- 4.1. Soy Protein Ingredients Market - Form Snapshot
- 4.2. Soy Protein Ingredients Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increase in health awareness among consumers
- 4.2.1.2. Rise in inclination towards plant protein and veganism
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Undefined regulatory guidelines
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Soy Protein Ingredients Market Form Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Soy Protein Ingredients Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 5.3. Soy Protein Concentrates
- 5.3.1. Global Soy Protein Ingredients Market, by Soy Protein Concentrates, by Region, 2019-2032 (USD Billion)
- 5.4. Soy Protein Isolates
- 5.4.1. Global Soy Protein Ingredients Market, by Soy Protein Isolates, by Region, 2019-2032 (USD Billion)
- 5.5. Textured Soy Protein
- 5.5.1. Global Soy Protein Ingredients Market, by Textured Soy Protein, by Region, 2019-2032 (USD Billion)
- 5.6. Soy Flours
- 5.6.1. Global Soy Protein Ingredients Market, by Soy Flours, by Region, 2019-2032 (USD Billion)
- 5.7. Other Types
- 5.7.1. Global Soy Protein Ingredients Market, by Other Types, by Region, 2019-2032 (USD Billion)
6. Global Soy Protein Ingredients Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 6.3. Bakery & Confectionery
- 6.3.1. Global Soy Protein Ingredients Market, by Bakery & Confectionery, by Region, 2019-2032 (USD Billion)
- 6.4. Meat Alternatives
- 6.4.1. Global Soy Protein Ingredients Market, by Meat Alternatives, by Region, 2019-2032 (USD Billion)
- 6.5. Functional Foods
- 6.5.1. Global Soy Protein Ingredients Market, by Functional Foods, by Region, 2019-2032 (USD Billion)
- 6.6. Dairy Replacers
- 6.6.1. Global Soy Protein Ingredients Market, by Dairy Replacers, by Region, 2019-2032 (USD Billion)
- 6.7. Infant Foods
- 6.7.1. Global Soy Protein Ingredients Market, by Infant Foods, by Region, 2019-2032 (USD Billion)
- 6.8. Animal Feed
- 6.8.1. Global Soy Protein Ingredients Market, by Animal Feed, by Region, 2019-2032 (USD Billion)
- 6.9. Others
- 6.9.1. Global Soy Protein Ingredients Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Soy Protein Ingredients Market, by Form
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 7.3. Dry
- 7.3.1. Global Soy Protein Ingredients Market, by Dry, By Region, 2019-2032 (USD Billion)
- 7.4. Liquid
- 7.4.1. Global Soy Protein Ingredients Market, by Liquid, By Region, 2019-2032 (USD Billion)
8. Global Soy Protein Ingredients Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Soy Protein Ingredients Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Soy Protein Ingredients Market - North America
- 8.3.1. North America: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.3.2. North America: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.3.3. North America: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Soy Protein Ingredients Market - U.S.
- 8.3.4.1. U.S.: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Soy Protein Ingredients Market - Canada
- 8.3.5.1. Canada: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.4. Soy Protein Ingredients Market - Europe
- 8.4.1. Europe: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.4.3. Europe: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Soy Protein Ingredients Market - UK
- 8.4.4.1. UK: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Soy Protein Ingredients Market - France
- 8.4.5.1. France: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.4.5.3. France: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Soy Protein Ingredients Market - Germany
- 8.4.6.1. Germany: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Soy Protein Ingredients Market - Italy
- 8.4.7.1. Italy: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Soy Protein Ingredients Market - Spain
- 8.4.8.1. Spain: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Soy Protein Ingredients Market - Netherlands
- 8.4.9.1. Netherlands: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Soy Protein Ingredients Market - Russia
- 8.4.10.1. Russia: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.5. Soy Protein Ingredients Market - Asia Pacific
- 8.5.1. Asia Pacific: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Soy Protein Ingredients Market - China
- 8.5.4.1. China: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.5.4.3. China: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Soy Protein Ingredients Market - India
- 8.5.5.1. India: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.5.5.3. India: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Soy Protein Ingredients Market - Malaysia
- 8.5.6.1. Malaysia: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Soy Protein Ingredients Market - Japan
- 8.5.7.1. Japan: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Soy Protein Ingredients Market - Indonesia
- 8.5.8.1. Indonesia: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Soy Protein Ingredients Market - South Korea
- 8.5.9.1. South Korea: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.6. Soy Protein Ingredients Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Soy Protein Ingredients Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Soy Protein Ingredients Market - UAE
- 8.6.5.1. UAE: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Soy Protein Ingredients Market - Israel
- 8.6.6.1. Israel: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Soy Protein Ingredients Market - South Africa
- 8.6.7.1. South Africa: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.7. Soy Protein Ingredients Market - Latin America
- 8.7.1. Latin America: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Soy Protein Ingredients Market - Mexico
- 8.7.4.1. Mexico: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Soy Protein Ingredients Market - Brazil
- 8.7.5.1. Brazil: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Soy Protein Ingredients Market - Argentina
- 8.7.6.1. Argentina: Soy Protein Ingredients Market, by Type, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Soy Protein Ingredients Market, by Form, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Soy Protein Ingredients Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Wilmar International
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Cargill Incorporated
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. CHS Inc
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. BRF Global
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Fuji Oil Holdings
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Crown Protein Soya
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. AG Processing
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Titan Biotech
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. The Scoular Company
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Foodchem International
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Farbest Tallman Foods
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Now Foods
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Sotexpro
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Shandong Sinoglory
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Process Agrochem
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development