Soy protein has high health benefits such as it lowers cholesterol levels and is fat-free. Moreover, organic soy protein-based products such as cosmetics and food items attract health-conscious people. As per World Bank data, in 2012, the world’s health expenditure was 9.41% of the global GDP, which increased and reached 9.90% in 2015. This exhibits that people are ready to pay high prices for better health and therefore, it is expected to boost growth of the organic segment in the soy protein market during the forecast period.

Market Dynamics

Among applications, food & beverages segment held the largest market share in 2022, owing to the longer shelf life of soy proteins and as it is a direct source of vitamins, minerals, and omega-3. Moreover, the cosmetics and dairy industries are observing various soy protein-based trends. For instance, soy protein-based milk, ice creams, protein powder, cookies, shampoos, conditioners, and others are among the latest trends and are expected to attract users during the forecast period.

Among source, the conventional segment held the largest market share in 2022, owing to its lower price as compared to organic soy proteins. Therefore, organic soy proteins are not affordable to all. Moreover, organic-based soy protein products are expected to witness significant growth during the forecast period, owing to increasing awareness about human health.

Among regions, Asia Pacific region held a dominant position in the soy As per the U.S. FDA, in 2016-17, in China, soybean production was 13,644 million metric tons, which increased and reached 15,900 million metric tons by March 2019. Increasing soybean production in the region is expected to drive the growth of the soy protein market in Asia Pacific during the forecast period.

Key features of the study:

• This report provides in-depth analysis of soy protein market and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
• This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the global soy protein market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Archer Daniels Midland Company, Cargill Inc., DowDuPont Inc., Imcopa Food Ingredients B.V., CHS Inc., Crown Soya Protein Group, Wilmer International Ltd., Foodchem, Kerry Ingredients Inc., Burcon NutraScience Corporation, and others
• Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
• The global soy protein market report caters to various stakeholders in this industry including investors, suppliers, soy protein manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the soy protein market

Detailed Segmentation:

• Global Soy Protein Market, By Source:
  • Organic
  • Conventional
• Global Soy Protein Market, By Product Type:
  • Isolates
  • Concentrates
  • Others (Hydrolysates/Flour, etc.)
• Global Soy Protein Market, By Application:
  • Food & Beverage
  • Pharmaceutical
  • Cosmetics
  • Others (Adhesives, Plastics, etc.)
• Global Soy Protein Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • Middle East
    • Africa
• Company Profiles
  • Archer Daniels Midland Company *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Cargill Inc.
  • DowDuPont Inc.
  • Imcopa Food Ingredients B.V.
  • CHS Inc.
  • Crown Soya Protein Group
  • Wilmer International Ltd.
  • Foodchem
  • Kerry Ingredients Inc.,
  • Burcon NutraScience Corporation

“*” marked represents similar segmentation in other categories in the respective section.