The global soy protein ingredients market size was valued USD 8.14 billion in 2020 and is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the presence of alternative ingredients to the animal-based food chain.

Soy food is a good source of dietary protein, which depends on both amount present and quality used. Soy food is low in saturated fat. It is extracted from soybean, which is further defatted and dehulled. Defatted soybean is processed into three types of high protein, namely concentrates, isolates, and soy flour. Soybean contain small amount of 2S albumin protein and legume protein, and also constitute of biologically active proteins such as cysteine proteases, trypsin inhibitors, enzymes, and hemagglutinins. Soy protein is healthy for all age groups.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing preference toward vegan diet is anticipated to spur the growth of the market.
- Proliferation of soy protein across the food & beverage industry is estimated to contribute to the market growth.
- Cost-effectiveness of soy protein and its expensive nature than animal protein is anticipated to propel the growth of the market.
- Existence of dangerous chemicals in soy protein and its negative effects on hormones can hamper the growth of the market.
- Development in soy protein ingredient containing different flavors can create opportunities in the market.
Scope of the Report
The report on the global soy protein ingredients market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Soy Protein Ingredients Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Soy Concentrates, Textured Soy Protein, and Soy Isolates) and Applications (Beverages, Meat Extenders and Substitutes, Bakery Products and Confectionery, Animal Feed and Pet Food, Nutritional Supplements, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Kerry Group PLC, DuPont de Nemours Inc.; Cargill Inc.; The Scoular Company; and Archer Daniels Midland
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Soy Protein Ingredients Market Segment Insights
Soy Isolates segment to hold a significant market share
On the basis of types, the market is divided into soy concentrates, textured soy protein, and soy isolates. The soy isolates segment is anticipated to grow at a steady rate during the forecast period due to presence of humongous amount of protein among different types of protein. This type is highly dissolvable in milk and is deliberated as a premium ingredient. Different use of soy isolates such as low fat content, oligosaccharides, bland taste, and fibers is further driving the segment growth.

Meat extenders and substitutes segment to expand at a robust CAGR
In terms of applications, the market is segregated as beverages, meat extenders and substitutes, bakery products and confectionery, animal feed and pet food, nutritional supplements, and others. The meat extenders and substitutes segment is estimated to grow at a rapid pace in the projected timeline. Increasing health awareness among the consumers owing to rising inclination toward plant-based protein products rather than animal protein products. Soy concentrate and isolates are used for other applications in meat industry such as gelation, emulsion stabilization, emulsification, and water & fat binding.

North America is anticipated to constitute a key market share
Based on regions, the market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period due to lack of balanced dietary intake, change in lifestyle, and growing focus of manufacturers on research and development on different types of soy protein enriched products. On the other hand, the market of Asia Pacific is anticipated to expand at a high CAGR owing to rising inclination toward vegan diet.
Segments
The global soy protein ingredients market is segmented on the basis of:
Types
- Soy Concentrates
- Textured Soy Protein
- Soy Isolates
Applications
- Beverages
- Meat Extenders and Substitutes
- Bakery Products and Confectionery
- Animal Feed and Pet Food
- Nutritional Supplements
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Kerry Group PLC
- DuPont de Nemours Inc.
- Cargill Inc.
- The Scoular Company
- Archer Daniels Midland
Competitive Landscape
The key players competing in the soy protein ingredients market are Kerry Group PLC, DuPont de Nemours Inc.; Cargill Inc.; The Scoular Company; and Archer Daniels Midland.
