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.
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 |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
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 |
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.
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.
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.
The global soy protein ingredients market is segmented on the basis of:
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.
The global soy protein ingredients market is segmented on the basis of:
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.
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