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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
7.3 % |
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Segments Covered |
By Type, Application & region. |
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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 |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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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. |
Soy protein isolates dominate the market followed by soy protein concentrates.
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.
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 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.
By Type
By Application
By Region
Frequently Asked Questions
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.
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.
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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