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Asia Pacific Soy Protein Ingredients Market Size 2030

Asia Pacific Soy Protein Ingredients Market

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Segments - by Types (Soy Isolates, Soy Concentrates, and Textured Soy Protein), and Applications (Bakery & Confectionery, Meat Extenders & Substitutes, Nutrition Supplements, Beverages, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author :

Anuradha B. More

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Vaibhav Chandola

Editor :

Aman Singh

Report Description

The Asia-Pacific soy protein ingredients market size is expected to expand at a high CAGR of more than 8.23% during the forecast period, 2021–2028. The growth of the market is attributed to driving forces behind technological progress, increased demand for personal care products and increased consumption of animal products, increased demand for food made of protein ingredients such as margarine, cold cuts, baked goods, spreads, yogurt, and hot dog milk.

Soy foods are an excellent source of dietary protein, depending on the quality used. Soy protein ingredients are processed ingredients obtained by water extraction from fully defatted soy flour. These ingredients are used to make variety of protein foods, because soybeans provide essential amino acids and the saturated fat content is usually lower than other protein sources.

Soy protein ingredients contain amino acids necessary for human nutrition. On the other hand, soy protein ingredients are widely used in foods, including pet food, pet food, and water. Soy protein ingredients can be used in medicines and health products.

The Covid-19 pandemic affected the demand and supply of Asia-Pacific soy protein ingredients market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

Increasing consumption of protein based foods is expected to boost the market during forecast period.
Rapid growth of infant food industry is likely to demand protein based foods is major factors fueling the market during forecast period.
Rising disposable income is creating demand for high nutritive protein based products which is expected to drive the market in coming years.
Unpleasant flavor of soy protein is expected to hamper the market growth.
Lack of awareness of nutritive value of soy proteins acts as major factors that can restrict the market growth during the forecast period.
R&D investment and development of plant based protein having same nutritive value as of meat products is projected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the Asia Pacific soy protein ingredient market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Soy Protein Ingredient Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Types (Soy Isolates, Soy Concentrates, and Textured Soy Protein), and Applications (Bakery & Confectionery, Meat Extenders & Substitutes, Nutrition Supplements, Beverages, and Others)
Regional Scope: Asia Pacific	India, China, Japan, Australia, and Rest of Asia Pacific
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Cargill Inc., DowDuPont Inc., Kerry Group, Wilmar International Ltd., and Archer Daniels Midland Company

Market Segment Insights

The soy isolates segment is projected to hold a major market share

Based on types, the soy protein ingredients market is segregated into soy isolates, soy concentrates, and textured soy protein. The soy isolates segment is expected to represent a key share of the market during forecast period. Soy protein isolate has the maximum protein content among all kinds of soy protein ingredients, close to 90%. They are considered as a premium ingredient and are used in milk beverages due to their high dispersibility. Another benefit of using soy protein isolate is its mild taste and low fat, oligosaccharide, and fiber content. They are used to fortify protein in weaning feeds, milk replacers, meat systems, and functional foods.

The meat extenders & substitutes segment is expected to grow at a rapid pace

Based on applications, the soy protein ingredients market is fragmented into bakery & confectionery, meat extenders & substitutes, nutrition supplements, beverages, and others. The meat extenders and substitutes segment is expected to represent a key share of the market during the forecast period due to increasing health awareness, consumers are turning to plant-based protein products instead of animal products. Soy protein isolates and concentrates are used for various other purposes in the meat industry. Therefore, emulsified meat formulas containing soybean ingredients have better appearance, texture, and tastelessness.

Japan is expected to dominate the market

On the basis of regions, the soy protein ingredients market is classified as India, China, Japan, Australia, and Rest of Asia Pacific. Japan is anticipated to dominate the market during forecast period. The regional market growth can be attributed to increased protein intake through packaged foods and beverages. The consumption structure of the entire region depends on the income and expenditure structure of the population.

Segments

Segments Covered in the Report
The Asia Pacific soy protein ingredient market has been segmented on the basis of

Types

Soy Isolates
Soy Concentrates
Textured Soy Proteins

Applications

Bakery and Confectionery
Meat Extenders and Substitutes
Nutrition Supplements
Beverages
Others

Regions

India
China
Japan
Australia
Rest of Asia Pacific

Key Players

Cargill Inc.
DowDuPont Inc.
Kerry Group
Wilmar International Ltd.
Archer Daniels Midland Company

Competitive Landscape

Key players competing in the soy protein ingredient market include Cargill Inc., DowDuPont Inc., Kerry Group, Wilmar International Ltd., and Archer Daniels Midland Company

Some of these players are using several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soy Protein Ingredients Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Soy Protein Ingredients Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Soy Protein Ingredients Market - Supply Chain
  4.5. Global Soy Protein Ingredients Market Forecast
     4.5.1. Soy Protein Ingredients Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Soy Protein Ingredients Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Soy Protein Ingredients Market Absolute $ Opportunity
5. Global Soy Protein Ingredients Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Soy Protein Ingredients Market Size and Volume Forecast by Types
     5.3.1. Soy Isolates Soy Concentrates Textured Soy Proteins
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Soy Protein Ingredients Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Soy Protein Ingredients Market Size and Volume Forecast by Applications
     6.3.1. Bakery and Confectionery Meat Extenders and Substitutes Nutrition Supplements Beverages Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Soy Protein Ingredients Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Soy Protein Ingredients Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Soy Protein Ingredients Demand Share Forecast, 2019-2026
8. North America Soy Protein Ingredients Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Soy Protein Ingredients Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Soy Protein Ingredients Market Size and Volume Forecast by Types
     8.4.1. Soy Isolates Soy Concentrates Textured Soy Proteins
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Soy Protein Ingredients Market Size and Volume Forecast by Applications
     8.7.1. Bakery and Confectionery Meat Extenders and Substitutes Nutrition Supplements Beverages Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Soy Protein Ingredients Demand Share Forecast, 2019-2026
9. Latin America Soy Protein Ingredients Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Soy Protein Ingredients Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Soy Protein Ingredients Market Size and Volume Forecast by Types
     9.4.1. Soy Isolates Soy Concentrates Textured Soy Proteins
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Soy Protein Ingredients Market Size and Volume Forecast by Applications
     9.7.1. Bakery and Confectionery Meat Extenders and Substitutes Nutrition Supplements Beverages Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Soy Protein Ingredients Demand Share Forecast, 2019-2026
10. Europe Soy Protein Ingredients Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Soy Protein Ingredients Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Soy Protein Ingredients Market Size and Volume Forecast by Types
     10.4.1. Soy Isolates Soy Concentrates Textured Soy Proteins
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Soy Protein Ingredients Market Size and Volume Forecast by Applications
     10.7.1. Bakery and Confectionery Meat Extenders and Substitutes Nutrition Supplements Beverages Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Soy Protein Ingredients Demand Share Forecast, 2019-2026
11. Asia Pacific Soy Protein Ingredients Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Soy Protein Ingredients Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Soy Protein Ingredients Market Size and Volume Forecast by Types
     11.4.1. Soy Isolates Soy Concentrates Textured Soy Proteins
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Soy Protein Ingredients Market Size and Volume Forecast by Applications
     11.7.1. Bakery and Confectionery Meat Extenders and Substitutes Nutrition Supplements Beverages Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Soy Protein Ingredients Demand Share Forecast, 2019-2026
12. Middle East & Africa Soy Protein Ingredients Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Soy Protein Ingredients Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Soy Protein Ingredients Market Size and Volume Forecast by Types
     12.4.1. Soy Isolates Soy Concentrates Textured Soy Proteins
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Soy Protein Ingredients Market Size and Volume Forecast by Applications
     12.7.1. Bakery and Confectionery Meat Extenders and Substitutes Nutrition Supplements Beverages Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Soy Protein Ingredients Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Soy Protein Ingredients Market: Market Share Analysis
  13.2. Soy Protein Ingredients Distributors and Customers
  13.3. Soy Protein Ingredients Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Cargill Inc. DowDuPont Inc. Kerry Group Wilmar International Ltd. Archer Daniels Midland Company

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