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Soy Protein Ingredients Market Size, Share & Industry | 2031

Soy Protein Ingredients Market

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Segments - by Types (Soy Concentrates, Textured Soy Protein, and Soy Isolates), Applications (Beverages, Meat Extenders and Substitutes, Bakery Products and Confectionery, Animal Feed and Pet Food, Nutritional Supplements, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Anuradha B. More

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Report Description

Soy Protein Ingredients Market Outlook 2031

The global soy protein ingredients market size was valued USD 7.70 billion in 2022 and is expected to reach USD 14.16 Billion by 2031 expand at a significant CAGR 7% during the forecast period, 2023–2031. 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.

Soy Protein Ingredients 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 Soy Protein Ingredients Market 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	Details
Report Title	Soy Protein Ingredients Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	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)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Kerry Group PLC, DuPont de Nemours Inc.; Cargill Inc.; The Scoular Company; and Archer Daniels Midland

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.

Soy Protein Ingredients Market Key Players

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 Concentrates
     5.3.2. Textured Soy Protein
     5.3.3. Soy Isolates
  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. Beverages
     6.3.2. Meat Extenders and Substitutes
     6.3.3. Bakery Products and Confectionery
     6.3.4. Animal Feed and Pet Food
     6.3.5. Nutritional Supplements
     6.3.6. 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 Concentrates
     8.4.2. Textured Soy Protein
     8.4.3. Soy Isolates
  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. Beverages
     8.7.2. Meat Extenders and Substitutes
     8.7.3. Bakery Products and Confectionery
     8.7.4. Animal Feed and Pet Food
     8.7.5. Nutritional Supplements
     8.7.6. 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 Concentrates
     9.4.2. Textured Soy Protein
     9.4.3. Soy Isolates
  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. Beverages
     9.7.2. Meat Extenders and Substitutes
     9.7.3. Bakery Products and Confectionery
     9.7.4. Animal Feed and Pet Food
     9.7.5. Nutritional Supplements
     9.7.6. 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 Concentrates
     10.4.2. Textured Soy Protein
     10.4.3. Soy Isolates
  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. Beverages
     10.7.2. Meat Extenders and Substitutes
     10.7.3. Bakery Products and Confectionery
     10.7.4. Animal Feed and Pet Food
     10.7.5. Nutritional Supplements
     10.7.6. 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 Concentrates
     11.4.2. Textured Soy Protein
     11.4.3. Soy Isolates
  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. Beverages
     11.7.2. Meat Extenders and Substitutes
     11.7.3. Bakery Products and Confectionery
     11.7.4. Animal Feed and Pet Food
     11.7.5. Nutritional Supplements
     11.7.6. 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 Concentrates
     12.4.2. Textured Soy Protein
     12.4.3. Soy Isolates
  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. Beverages
     12.7.2. Meat Extenders and Substitutes
     12.7.3. Bakery Products and Confectionery
     12.7.4. Animal Feed and Pet Food
     12.7.5. Nutritional Supplements
     12.7.6. 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. Kerry Group PLC
     13.4.2. DuPont de Nemours Inc.
     13.4.3. Cargill Inc.
     13.4.4. The Scoular Company
     13.4.5. Archer Daniels Midland

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