Press Resease

Soy Protein Ingredients Market - Global Industry Analysis

Soy Protein Ingredients Market by Type (Soy Protein Isolates, Soy Protein Concentrates, and Soy Flours) and Application (Bakery & Confectionery, Meat Alternatives, Functional Foods, Dairy Replacements, and Infant Foods): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 09-Jul-2021 Category: Food & Beverage Report Format : PDF Pages: 130 Report Code: ZMR-1258 Status : Published

The global soy protein ingredient market accounted for USD 9.61 Billion in 2020 and is expected to reach USD 18.19 Billion by 2028, growing at a CAGR of 8.3% from 2021 to 2028.

Description

Market Overview

The global soy protein ingredient market accounted for USD 9.61 Billion in 2020 and is expected to reach USD 18.19 Billion by 2028, growing at a CAGR of 8.3% from 2021 to 2028.

Protein is a necessary component of human cells that aids in the repair and healing of the body. The human body, on the other hand, is incapable of producing the 9 essential amino acids required for cell healing. As a result, it is critical that proteins be consumed through diet. Proteins can be obtained from either an animal or a plant source, referred to as Dairy Proteins and Soy Proteins, respectively. Fish, milk, meat, egg, and gelatin are common sources of animal protein. Plant Protein, on the other hand, comes from rice, pea, soy, canola, and wheat. Because milk and soy contain a significant amount of protein, they are preferred by people of all ages. Because of advancements in extraction techniques, the various types of protein ingredients obtained from milk and soy are referred to as concentrates, isolates, and hydrolysates, with isolates accounting for roughly 90% of the protein content.

COVID-19 Impact Analysis

COVID-19 raised public awareness about the negative effects of meat on the environment and health, and encouraged more people to seek out alternatives to animal-based food. Humans contract 60 % to 75 % of emerging infectious diseases from other animals. This is the primary driver of consumer demand for plant-based meat products, which supports the demand for soy protein ingredients. COVID-19 has the potential to have three major effects on the global economy: directly affecting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets.

Growth Factors

The global soy protein ingredients market is being driven by a growing trend toward vegan diets, as well as the functional efficiency, cost competitiveness, and increasing use of such plant protein products in a wide range of processed foods, particularly in the ready-to-eat product category. The most eminent forms of soy protein are isolates and concentrates, which contain 90 % and 70 % protein, respectively. Soy protein's high functional properties and natural health benefits are propelling its market growth. Because of its high sustainability, soy protein is becoming more popular in a variety of end-user industries. The strong scientific evidence supporting health benefits is one of the key drivers for market growth. Scientists' ongoing research has proven that protein ingredients are the best source for keeping the body fit. Cancer patients can also benefit from whey proteins. In recent years, increasing consumer awareness, particularly of functional foods and dietary supplements, has been a critical factor in market growth. Plant and dairy proteins are expected to see increased demand over the next six years, as egg proteins face market penetration challenges due to high prices and increased sensitivity to wheat glucans, particularly in the United States.

Soy proteins are one of the most popular meat and dairy protein substitutes, which has helped food manufacturers reduce costs and increase product profitability. Due to their functional and nutritional properties, they are used in a variety of food applications such as bakery, confectionery, emulsion-type sausages, dairy replacers, functional beverages and nutritional bars, and breakfast cereals. They're also used in livestock feed, aquaculture, and pet food as nutritional ingredients. Soy protein is a good substitute for meat and dairy proteins because it has several nutritional benefits. As the cost of meat and dairy proteins has risen, manufacturers and consumers alike have turned to it as a less expensive alternative that provides the same nutritional benefits.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

Among the various types of soy protein ingredients, soy protein isolates contain the most protein (nearly 90%). These are considered a premium ingredient and are used in milk beverages because of their high dispersibility. The bland taste, low fat content, oligosaccharides, and fiber content of soy protein isolates are also advantages. Soy Protein Concentrates and Soy Flours forms other types in this segment.

Application Segment Analysis Preview

During the forecast period, the infant foods segment is expected to grow at a CAGR of 7.7%. Because of the growing demand for soy protein ingredients in infant foods, readymade and packaged food products, the infant foods segment has the most market potential in the soy protein ingredients market. Furthermore, an increase in demand for efficient and cost-effective meat alternatives among infants is another major factor driving global demand for soy protein ingredients. Due to rising demand for soy protein ingredients and constant growth in per capita disposable income, the use of soy protein ingredients in infant foods has seen significant growth. Bakery & Confectionery, Meat Alternatives, Functional Foods and Dairy Replacements forms the application segment.

Regional Analysis Preview

Because of factors such as changing lifestyles, a lack of balanced dietary intake, and global manufacturers' increased focus on R&D to develop new types of soy-protein-enriched products, the soy protein ingredient market in North America is growing rapidly. The United States continues to dominate the soy protein ingredient market, followed by Canada and Mexico.

Due to increased awareness for healthy and plant-based products and an increase in the number of counterfeit products on the market, consumers in the region are switching to other alternative products, such as green label food products. Also owing to increased awareness of the health benefits associated with the consumption of organic products, particularly plant-based ones.

Due to rising exports and domestic demand, Asia Pacific is expected to grow at the fastest rate, with a CAGR of 12.1% over the forecast period. The market for soy protein ingredients in Asia-Pacific has grown rapidly in both developed and developing countries, owing to the huge potential for increased protein consumption through packaged foods and beverages. The entire region's consumption pattern is determined by the population's income and spending patterns. High-income countries, such as Japan, have a significant share of the soy protein ingredients market due to low prices and slow growth. Developing countries, such as India, also have a lot of potential in the soy protein ingredients market, thanks to rising disposable income and increased health awareness. The Asia-Pacific region's growing population presents a huge opportunity in the form of a large consumer base that is moving toward a healthier lifestyle. Increased information sources are assisting in the spread of awareness about the health benefits of soy, resulting in a rapid adoption of soy ingredients in people's daily lives.

Key Market Players & Competitive Landscape

Some of key players in soy protein ingredient market are DuPont Nutrition & Health, Archer Daniels Midland Company, Cargill Incorporated, Wilmar International Ltd., CHS Inc., Kerry Group plc., Ag Processing Inc., Kellogg Company, Doves Farm Foods, and Kraft Foods Group Inc., among others.

New product development and mergers and acquisitions of small players are common strategies used by companies to gain a foothold in the market. Existing businesses have a lot of room to grow in the soy protein ingredients market. For instance, The Archer Daniels Midland Company expanded its non-GMO soy protein concentrate production capacity at its factory in Europoort, the Netherlands, in February 2020, in order to meet the growing demand for plant-based proteins. Soy protein concentrate, which is available in powdered form and can be used in a variety of food applications, has recently begun production at the Europoort production site.

The global soy protein ingredient market is segmented as follows:

By Type

  • Soy Protein Isolates
  • Soy Protein Concentrates
  • Soy Flours

By Application

  • Bakery & Confectionery
  • Meat Alternatives
  • Functional Foods
  • Dairy Replacements
  • Infant Foods

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1. Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2. Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Soy Protein Ingredients Market, 2020 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3. COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4. Soy Protein Ingredients Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Soy Protein Isulates
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Soy Protein Concentrates
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Soy Flours
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5. Soy Protein Ingredients Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Bakery & Confectionery
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Meat Alternatives
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Functional Foods
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Dairy Replacements
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Infant Foods
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6. Soy Protein Ingredients Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2020 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Type, 2020 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2020 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Type, 2020 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Application, 2020 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Type, 2020 – 2028
        • 6.2.5.2. Canada Market Revenue, By Application, 2020 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Type, 2020 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Application, 2020 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Type, 2020 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2020 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Type, 2020 – 2028
        • 6.3.4.2. Germany Market Revenue, By Application, 2020 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Type, 2020 – 2028
        • 6.3.5.2. France Market Revenue, By Application, 2020 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Type, 2020 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Application, 2020 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Type, 2020 – 2028
        • 6.3.7.2. Italy Market Revenue, By Application, 2020 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Type, 2020 – 2028
        • 6.3.8.2. Spain Market Revenue, By Application, 2020 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Type, 2020 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2020 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2020 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2020 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Type, 2020 – 2028
        • 6.4.4.2. China Market Revenue, By Application, 2020 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Type, 2020 – 2028
        • 6.4.5.2. Japan Market Revenue, By Application, 2020 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Type, 2020 – 2028
        • 6.4.6.2. India Market Revenue, By Application, 2020 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Type, 2020 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Application, 2020 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Type, 2020 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Application, 2020 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Type, 2020 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Application, 2020 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Type, 2020 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2020 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Type, 2020 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Application, 2020 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Type, 2020 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Application, 2020 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Type, 2020 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Application, 2020 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2020 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2020 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Type, 2020 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Application, 2020 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Type, 2020 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Application, 2020 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Type, 2020 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By Application, 2020 – 2028
  • Chapter No. 7. Soy Protein Ingredients Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8. Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Soy Protein Ingredients Market: Company Market Share, 2019
      • 8.1.2. Global Soy Protein Ingredients Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Soy Protein Ingredients Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Soy Protein Ingredients Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9. Company Profiles
    • 9.1. DuPont Nutrition & Health
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Archer Daniels Midland Company
    • 9.3. Cargill Incorporated
    • 9.4. Wilmar International Ltd.
    • 9.5. CHS Inc.
    • 9.6. Kerry Group plc
    • 9.7. Ag Processing Inc.
    • 9.8. Kellogg Company
    • 9.9. Doves Farm Foods
    • 9.10. Kraft Foods Group Inc.
  • Chapter No. 10. Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11. Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology


Frequently Asked Questions

The global soy protein ingredient market was valued at USD 19.61 Billion in 2020.

The global soy protein ingredient market is expected to reach USD 18.19 Billion by 2028, growing at a CAGR of 8.3% from 2021 to 2028.

Some of the key factors driving the global soy protein ingredient market growth are growing trend toward vegan diets, as well as the functional efficiency, cost competitiveness, and increasing use of such plant protein products in a wide range of processed foods, particularly in the ready-to-eat product category

North America region held a substantial share of the soy protein ingredient market in 2020. This is attributable to the changing lifestyles, a lack of balanced dietary intake, and global manufacturers' increased focus on R&D to develop new types of soy-protein-enriched products.

Some of the major companies operating in the soy protein ingredient market are DuPont Nutrition & Health, Archer Daniels Midland Company, Cargill Incorporated, Wilmar International Ltd., CHS Inc., Kerry Group plc., Ag Processing Inc., Kellogg Company, Doves Farm Foods, and Kraft Foods Group Inc., among others.

Choose License Type

Request the coronavirus impact analysis across industries and markets

HappyClients

Office Address

Corporate Office

Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

We Are On Social