Comprehensive historical analysis of global market for Soy Protein Ingredients has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Soy Protein Ingredients market.
The Global Soy Protein Ingredients Market is projected to exceed USD 14.9 billion by 2032, growing at a CAGR of 6.9% from 2022 to 2032.
The report includes growth prospects in the global Soy Protein Ingredients market by type, application, sub-segment, and region and QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Food & Beverages and other sectors. Regional coverage spans North America, Europe, and the rest of the world including Asia Pacific.
Soy protein ingredients are made by processing soymeal in order to get higher protein quantities that can be used as a protein source in a variety of agricultural and food applications. The global soy protein ingredients market is a rapidly growing industry driven by increasing demand for plant-based proteins in food and beverage products. Soy protein ingredients are derived from soybeans and are commonly used as a source of protein in various applications such as meat alternatives, dairy alternatives, baked goods, and nutritional supplements. The market is expected to continue to grow at a significant rate over the forecast period due to several factors, including the increasing health consciousness among consumers, the rise in vegan and vegetarian diets, and the growing demand for sustainable and environmentally friendly products.
Soy protein isolate is the most commonly used soy protein ingredient due to its high protein content and functional properties. However, soy protein concentrate and textured soy protein are also used in various applications.
The market is highly competitive, with key players including ADM, International Flavours & Fragrances Inc., Cargill, DuPont, Wilmar International, and Kerry Group. These companies are constantly investing in research and development to innovate new products and enhance their production capabilities to meet the growing demand for soy protein ingredients.
For instance, in November 2022, Supro Tex, a soy-based plant protein ingredient, was introduced by International Flavours & Fragrances Inc. The ingredient contains 80% protein, giving it a protein profile similar to that of animal meat. It is the most recent addition to IFF's Reimagine-Protein Programme, which began in 2017. The debut will assist IFF in expanding its product portfolio in this group of soy protein ingredients.
Leading players in Soy Protein Ingredients include:
Wilmar International Ltd, ADM, Cargill, Incorporated, CHS Inc., International Flavors & Fragrances Inc., Devansoy, AG Processing Inc., Farbest Tallman Foods Corporation, The Scoular Company, Linyi Shansong Biological Products Co., Ltd, Now Foods, Bremil Group, Crown Protein Soya Group Company, Taj Agro International, Others
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Market split by Segement can be divided into:
By Type
- Soy Protein Isolates
- Soy Protein Concentrates
- Textured Soy Protein
- Soy Flours
By Application
- Food
- Feed
By Form
- Dry
- Liquid
Market segment by Region/Country including:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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In August 2022, ADM signed a contract with Benson Hill, a food and feed ingredients manufacturer based in the United States. The agreement grants ADM a North American exclusive license to process grain derived from Benson Hill's ultra-high protein soybeans in order to produce and sell protein concentrates, texturized protein concentrates, protein isolates, and high protein texturized flour for the human food ingredients market. This will improve the quality of ADM's soy proteins by increasing protein content.
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What's covered in the report?
- 1. Overview of the Soy Protein Ingredients market.
- 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa) market size data for the Soy Protein Ingredients market, based on segement.
- 3. Soy Protein Ingredients Market Trends.
- 4. Soy Protein Ingredients Market drivers.
- 5. Analysis of major company profiles.
Reasons to buy this Market Report:
1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Soy Protein Ingredients market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Soy Protein Ingredients Industry.
3. Leading company profiles reveal details of key Soy Protein Ingredients market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Soy Protein Ingredients market with five-year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe, and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Soy Protein Ingredients market over the upcoming seven years
7. Accurate estimation of the global Soy Protein Ingredients market size
8. Exact estimations of the upcoming trends and changes observed in consumer behavior
9. Growth of the global Soy Protein Ingredients market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Soy Protein Ingredients market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Soy Protein Ingredients market
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