Market Overview:
The global soy protein ingredients market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plant-based proteins, rising awareness about the health benefits of soy protein, and growing demand for functional foods and meat alternatives. Soy protein isolates are expected to account for the largest share of the global soy protein ingredients market in 2018. However, soy flour is projected to grow at the highest CAGR during the forecast period. North America is expected to dominate the global soy protein ingredients market in 2018, followed by Europe and Asia Pacific.
Product Definition:
Protein is an important nutrient that plays a role in many bodily functions. Soy protein is a plant-based protein that has been shown to be as effective as animal-based proteins for building muscle mass and strength. Soy protein contains all the essential amino acids needed to form proteins in the body, making it a complete source of dietary protein. It also has high levels of fiber, vitamins, and minerals.
Soy Protein Isolates:
Soy protein isolates are the extracts of soy proteins that remain after removing most of the water content from the original source. Soy protein isolates can be used as a complete or partial substitute for animal-based products such as milk and meat. It is considered to be a clean label ingredient due to its low carbon footprint, high nutritional value, and minimal processing/noise characteristics compared to other ingredients in its class (e.g., pea, rice).
Soy Protein Concentrates:
Soy protein concentrates are the extracts of soybeans that have been processed to remove all other ingredients but the protein. Soy Protein Concentrate (SPC) is a by-product obtained during the processing of soybeans and has several applications in food & beverage, animal feed, cosmetics, pharmaceuticals and others. The growing demand for vegan products across the globe is expected to drive market growth over the forecast period.
Application Insights:
Soy protein ingredients are majorly used in the food and beverage industry for manufacturing various products such as meat alternatives, bakery & confectionery products, functional foods, infant foods and feed. The demand for these ingredients in dairy replacements is expected to witness growth owing to increasing health concerns among the aging population regarding bone fractures caused due to osteoporosis.
The infant food application segment accounted for a share of over 30% of the global market revenue in 2017 on account of high product demand due to properties such as being hypo-allergic and non-toxic from birth up until 12 months old. Soy protein also helps reduce flatulence caused by gas production through bacterial fermentation which aids digestion. These factors are likely to increase product demand during infancy years which is projected drive growth over the forecast period.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017, owing to high product demand as a result of rising health consciousness and changing lifestyles. The region is expected to witness significant growth on account of increasing consumption in infant foods, sports nutrition products, and weight management supplements. Moreover, growing concerns regarding obesity are anticipated to fuel the demand for soy protein ingredients over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 6.5% from 2018 to 2030 owing its large population base and expanding food & beverage industry sector driven by improving economic conditions in emerging countries such as China and India which are major consumers of these products such as soy protein isolates and concentrates; soymilk; textured vegetable proteins (TVP); processed edamame (green soybeans); miso; tempeh; seitan etc.
Growth Factors:
- Increasing demand for plant-based proteins: The global population is growing at a rapid pace and so is the demand for protein-rich foods. Soy protein ingredients are a good source of plant-based protein and this is driving their demand in the market.
- Rising awareness about the health benefits of soy proteins: Soy proteins have been found to offer various health benefits such as reducing the risk of heart disease, cancer, and other chronic diseases. This is increasing their popularity among consumers and driving their demand in the market.
- Growing trend of veganism/vegetarianism: A growing number of people are opting for vegan or vegetarian diets due to health concerns or ethical reasons. This is leading to an increase in the demand for plant-based proteins such as soy proteins, which are used in many meatless products.
- . Technological advancements: The soy protein ingredients industry has seen significant advancements in recent years with respect to production processes and product formulations. This has helped boost its growth potential significantly and it is likely to continue doing so in future as well.. 5 Increased investment by key players: Key players operating in this market are investing heavily towards research & development activities with a view to introducing new innovative products into the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Soy Protein Ingredients Market Research Report
By Type
Soy Protein Isolates, Soy Protein Concentrates, Soy Flours
By Application
Bakery & Confectionery, Meat Alternatives, Functional Foods, Dairy Replacements, Infant Foods, Feed
By Companies
Archer Daniels Midland Company, Cargill Incorporated, DuPont, Cargill, CHS Incorporation, Kerry Group plc., Wilmar International Ltd., Nisshin Oillio Group, Ltd., Ruchi Soya Industries Limited, Ag Processing Inc., Devansoy Inc., Biopress S.A.S, Kellogg Company, Doves Farm Foods, Kraft Foods Group Inc, Foremost Farms, Valio Ltd., DMK Group, Midland Company, Axiom Foods Incorporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Soy Protein Ingredients Market Report Segments:
The global Soy Protein Ingredients market is segmented on the basis of:
Types
Soy Protein Isolates, Soy Protein Concentrates, Soy Flours
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bakery & Confectionery, Meat Alternatives, Functional Foods, Dairy Replacements, Infant Foods, Feed
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Archer Daniels Midland Company
- Cargill Incorporated
- DuPont
- Cargill
- CHS Incorporation
- Kerry Group plc.
- Wilmar International Ltd.
- Nisshin Oillio Group, Ltd.
- Ruchi Soya Industries Limited
- Ag Processing Inc.
- Devansoy Inc.
- Biopress S.A.S
- Kellogg Company
- Doves Farm Foods
- Kraft Foods Group Inc
- Foremost Farms
- Valio Ltd.
- DMK Group
- Midland Company
- Axiom Foods Incorporation
Highlights of The Soy Protein Ingredients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soy Protein Isolates
- Soy Protein Concentrates
- Soy Flours
- By Application:
- Bakery & Confectionery
- Meat Alternatives
- Functional Foods
- Dairy Replacements
- Infant Foods
- Feed
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Soy Protein Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Soy protein ingredients are the isolated soy proteins that are used in food products. Soy protein is a complete source of plant-based protein and contains all the essential amino acids needed by the body.
Some of the key players operating in the soy protein ingredients market are Archer Daniels Midland Company, Cargill Incorporated, DuPont, Cargill, CHS Incorporation, Kerry Group plc., Wilmar International Ltd., Nisshin Oillio Group, Ltd., Ruchi Soya Industries Limited, Ag Processing Inc., Devansoy Inc., Biopress S.A.S, Kellogg Company, Doves Farm Foods, Kraft Foods Group Inc, Foremost Farms, Valio Ltd., DMK Group, Midland Company, Axiom Foods Incorporation.
The soy protein ingredients market is expected to grow at a compound annual growth rate of 6.5%.
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 (000 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 Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Soy Protein Ingredients Market Size and Volume Forecast by Type
5.3.1. Soy Protein Isolates
5.3.2. Soy Protein Concentrates
5.3.3. Soy Flours
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Soy Protein Ingredients Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Soy Protein Ingredients Market Size and Volume Forecast by Application
6.3.1. Bakery & Confectionery
6.3.2. Meat Alternatives
6.3.3. Functional Foods
6.3.4. Dairy Replacements
6.3.5. Infant Foods
6.3.6. Feed
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Soy Protein Ingredients Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Soy Protein Ingredients Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Soy Protein Ingredients Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Soy Protein Ingredients Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Soy Protein Ingredients Demand Share Forecast, 2019-2026
9. North 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
9.2. North America Soy Protein Ingredients Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Soy Protein Ingredients Market Size and Volume Forecast by Application
9.4.1. Bakery & Confectionery
9.4.2. Meat Alternatives
9.4.3. Functional Foods
9.4.4. Dairy Replacements
9.4.5. Infant Foods
9.4.6. Feed
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Soy Protein Ingredients Market Size and Volume Forecast by Type
9.7.1. Soy Protein Isolates
9.7.2. Soy Protein Concentrates
9.7.3. Soy Flours
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Soy Protein Ingredients Demand Share Forecast, 2019-2026
10. Latin America 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. Latin America Average Pricing Analysis
10.2. Latin America Soy Protein Ingredients Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Soy Protein Ingredients Market Size and Volume Forecast by Application
10.4.1. Bakery & Confectionery
10.4.2. Meat Alternatives
10.4.3. Functional Foods
10.4.4. Dairy Replacements
10.4.5. Infant Foods
10.4.6. Feed
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Soy Protein Ingredients Market Size and Volume Forecast by Type
10.7.1. Soy Protein Isolates
10.7.2. Soy Protein Concentrates
10.7.3. Soy Flours
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Soy Protein Ingredients Demand Share Forecast, 2019-2026
11. Europe 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. Europe Average Pricing Analysis
11.2. Europe Soy Protein Ingredients Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Soy Protein Ingredients Market Size and Volume Forecast by Application
11.4.1. Bakery & Confectionery
11.4.2. Meat Alternatives
11.4.3. Functional Foods
11.4.4. Dairy Replacements
11.4.5. Infant Foods
11.4.6. Feed
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Soy Protein Ingredients Market Size and Volume Forecast by Type
11.7.1. Soy Protein Isolates
11.7.2. Soy Protein Concentrates
11.7.3. Soy Flours
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Soy Protein Ingredients Demand Share, 2019-2026
12. Asia Pacific 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. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Soy Protein Ingredients Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Soy Protein Ingredients Market Size and Volume Forecast by Application
12.4.1. Bakery & Confectionery
12.4.2. Meat Alternatives
12.4.3. Functional Foods
12.4.4. Dairy Replacements
12.4.5. Infant Foods
12.4.6. Feed
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Soy Protein Ingredients Market Size and Volume Forecast by Type
12.7.1. Soy Protein Isolates
12.7.2. Soy Protein Concentrates
12.7.3. Soy Flours
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Soy Protein Ingredients Demand Share, 2019-2026
13. Middle East & Africa Soy Protein Ingredients Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Soy Protein Ingredients Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Soy Protein Ingredients Market Size and Volume Forecast by Application
13.4.1. Bakery & Confectionery
13.4.2. Meat Alternatives
13.4.3. Functional Foods
13.4.4. Dairy Replacements
13.4.5. Infant Foods
13.4.6. Feed
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Soy Protein Ingredients Market Size and Volume Forecast by Type
13.7.1. Soy Protein Isolates
13.7.2. Soy Protein Concentrates
13.7.3. Soy Flours
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Soy Protein Ingredients Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Soy Protein Ingredients Market: Market Share Analysis
14.2. Soy Protein Ingredients Distributors and Customers
14.3. Soy Protein Ingredients Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Archer Daniels Midland Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cargill Incorporated
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DuPont
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cargill
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. CHS Incorporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kerry Group plc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wilmar International Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nisshin Oillio Group, Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ruchi Soya Industries Limited
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ag Processing Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Devansoy Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Biopress S.A.S
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kellogg Company
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Doves Farm Foods
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kraft Foods Group Inc
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Foremost Farms
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Valio Ltd.
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. DMK Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Midland Company
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Axiom Foods Incorporation
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
