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Global Soy Protein Market: By Type: Isolate, Concentrate, Soy Protein Flour, Others; By Application: Bakery and Confectionery, Functional Foods, Pharmaceuticals, Meat Additives, Feed; Regional Analysis; Historical Market and Forecast (2017-2027); SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Soy Protein Market Outlook

The global soy protein market attained nearly USD 8.91 billion in 2020. The market is expected to witness a healthy growth in the coming years and is projected to grow at a CAGR of 7.2% in the forecast period of 2022-2027. In 2026, the soy protein industry is estimated to reach USD 13.53 billion.

 

Global Soy Protein Market

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The soy protein industry is being driven by the rising demand for plant proteins, globally. Soy protein is the largest segment in the plant-based proteins industry. It accounts for nearly 60% of the market.

North America is the leading market for plant-based protein, accounting for nearly 45% of the global industry. The US is the major market in the region. In the US, soy protein was the most popular protein used in plant-based protein beverages. It accounted for 33% of plant-based protein beverage launches in the US between 2013 to 2017, followed by pea and rice protein. North America is followed by Europe and Asia as the other major markets for plant-based proteins, which together account for over half the global soy protein market.

The demand for soybean is pervasive across temperate and tropical regions and is a globally traded commodity as it is a significant source of vegetable oil and protein.  The Americas, together, account for almost 90% of the total production of soybean, globally. The United States, Brazil, and Argentina are the major producers of soybean. China is also a significant producer of soybean globally and is also a leading importer of the commodity. However, the country is expanding its soybean output to reduce dependency on import. In the crop year 2020/20, the country’s output of the commodity is expected to grow by 7.9% as compared to the previous year and is estimated to cross 17 million tonnes for the first time since 2004/05.

 

Properties and Applications

Soy protein is derived from soybean meal, which has been dehulled and defatted. It is the protein that has been isolated from soybean. Commercially, they are available as high-protein products like isolate, concentrate, and soy protein flour, among others. It finds extensive application in sectors like:

 

Global Soy Protein Market By Application

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  • Bakery and Confectionery
  • Functional Foods
  • Pharmaceuticals
  • Meat Additives
  • Feed
  • Others

The report also gives an in-depth look into the various regional markets like North America, Latin America, Middle East and Africa, Europe, and the Asia Pacific.

 

Global Soy Protein Market By Region

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Market Analysis

The global soy protein market is being driven by the growing trend of health and wellness diets, which require high-protein intake. The industry is also being aided by the rising demand from consumers eschewing animal-based food and beverage products in favour of plant proteins. The increase in the number of people taking up a vegan diet is also acting as a catalyst for the industry. While veganism is still a relatively niche interest, the market for vegan foods and beverage is growing, especially propelled by younger consumers. Major manufacturers and food outlets are introducing vegan alternatives to traditional products. The resultant rise in plant-based protein alternatives is aiding the soy protein industry growth. Soy protein is being increasingly consumed as an alternative to dairy proteins by vegans as well as by those with dairy-based allergies. It is also being consumed as a quality meat-substitute, which is also cost-efficient.

The multiple health benefits of soy protein are driving the industry as consumers are becoming more health conscious. Its increasing application in the sports nutrition sector is also aiding the industry growth. Soy proteins are being preferred as a source of protein that is low in fat and calories and is cholesterol-free. They are also finding increasing use in soy-based infant formulas. Animal feed is another application sector that has been witnessing a growth and is aiding the soy protein industry.  With companies undertaking multiple R&D undertakings, the industry is being further propelled forward. The rising innovation taking place in the industry is also providing an impetus for its growth. The rapid urbanisations and increase in disposable incomes, globally, is also aiding the industry growth as they define and change the consumption patterns. The diversification of products comprised of plant-based proteins like soy proteins is expected to drive the global soy protein market in the coming years.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global soy protein market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Archer Daniels Midland Company
  • Ingredion
  • Dupont
  • Cargill Incorporated
  • Wilmar International Limited
  • CHS Inc.
  • Others

The comprehensive report by EMR gives an in-depth insight into the manufacturing process and the cost involved. It also analyses the price trends across the globe. The report also assesses the market based on a SWOT analysis and an analysis of the Porter’s Five Forces model. A value chain and trade analysis have been provided, as well.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Isolate, Concentrate, Soy Protein Flour, Others
Breakup by Application Bakery and Confectionery, Functional Foods, Pharmaceuticals, Meat Additives, Feed, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Archer Daniels Midland Company, Ingredion, Dupont, Cargill Incorporated, Wilmar International Limited, CHS Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Research Methodology
3    Executive Summary

    3.1    Market Overview
    3.2    Key Demand Drivers
    3.3    Key Players
    3.4    Supply Market Changes
4    Global Soy Protein Market Overview
    4.1    Global Soy Protein Market Analysis

        4.1.1    Figure: Global Soy Protein Historical Market (2017-2021) & Forecast (2022-2027)
        4.1.2    Chart: Global Soy Protein Market Breakup by Type
            4.1.2.1    Isolate
            4.1.2.2    Concentrate
            4.1.2.3    Soy Protein Flour
            4.1.2.4    Others 
        4.1.3    Figure: Global Soy Protein Market Breakup by Product Type: Historical Market (2017-2021) & Forecast (2022-2027)
            4.1.3.1    Isolate
            4.1.3.2    Concentrate
            4.1.3.3    Soy Protein Flour
            4.1.3.4    Others 
        4.1.4    Chart: Global Soy Protein Market Breakup by Application
            4.1.4.1    Bakery and Confectionery
            4.1.4.2    Functional Foods
            4.1.4.3    Pharmaceuticals
            4.1.4.4    Meat Additives
            4.1.4.5    Feed
            4.1.4.6    Others
        4.1.5    Figure: Global Soy Protein Market Breakup by Application: Historical Market (2017-2021) & Forecast (2022-2027)
            4.1.5.1    Bakery and Confectionery
            4.1.5.2    Functional Foods
            4.1.5.3    Pharmaceuticals
            4.1.5.4    Meat Additives
            4.1.5.5    Feed
            4.1.5.6    Others
        4.1.6    Chart: Global Soy Protein Market Breakup by Region
            4.1.6.1    North America
                4.1.6.1.1    United States of America
                4.1.6.1.2    Canada
            4.1.6.2    Europe
                4.1.6.2.1    Germany
                4.1.6.2.2    United Kingdom
                4.1.6.2.3    France
                4.1.6.2.4    Italy
                4.1.6.2.5    Others
            4.1.6.3    Asia Pacific
                4.1.6.3.1    China
                4.1.6.3.2    Japan
                4.1.6.3.3    India
                4.1.6.3.4    ASEAN
                4.1.6.3.5    Others
            4.1.6.4    Latin America
                4.1.6.4.1    Brazil
                4.1.6.4.2    Argentina
                4.1.6.4.3    Mexico
                4.1.6.4.4   Others
            4.1.6.5    Middle East & Africa
                4.1.6.5.1    Saudi Arabia
                4.1.6.5.2    United Arab Emirates
                4.1.6.5.3    Nigeria
                4.1.6.5.4    South Africa
                4.1.6.5.5    Others
        4.1.7    Figure: Global Soy Protein Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
            4.1.7.1    North America
                4.1.7.1.1    United States of America
                4.1.7.1.2    Canada
            4.1.7.2    Europe
                4.1.7.2.1    Germany
                4.1.7.2.2    United Kingdom
                4.1.7.2.3    France
                4.1.7.2.4    Italy
                4.1.7.2.5    Others
            4.1.7.3    Asia Pacific
                4.1.7.3.1    China
                4.1.7.3.2    Japan
                4.1.7.3.3    India
                4.1.7.3.4    ASEAN
                4.1.7.3.5    Others
            4.1.7.4    Latin America
                4.1.7.4.1    Brazil
                4.1.7.4.2    Argentina
                4.1.7.4.3    Mexico
                4.1.7.4.4   Others
            4.1.7.5    Middle East & Africa
                4.1.7.5.1    Saudi Arabia
                4.1.7.5.2    United Arab Emirates
                4.1.7.5.3    Nigeria
                4.1.7.5.4    South Africa
                4.1.7.5.5    Others
    4.2    SWOT Analysis
        4.2.1    Overview
        4.2.2    Strengths
        4.2.3    Weaknesses 
        4.2.4    Opportunities
        4.2.5    Threats
    4.3    Value Chain Analysis
    4.4    Porter’s Five Forces Analysis

        4.4.1    Overview
        4.4.2    Buyer’s Power
        4.4.3    Supplier’s Power
        4.4.4    New Entrants
        4.4.5    Degree of Rivalry
        4.4.6    Substitutes
    4.5    Global Soy Protein Price Analysis
        4.5.1    North America Soy Protein Historical Price Trends (2017-2021) & Forecast (2022-2027)
        4.5.2    Europe Soy Protein Historical Price Trends (2017-2021) & Forecast (2022-2027)
        4.5.3    Asia Pacific Soy Protein Historical Price Trends (2017-2021) & Forecast (2022-2027)
        4.5.4    Latin America Soy Protein Historical Price Trends (2017-2021) & Forecast (2022-2027)
        4.5.5    Middle East & Africa Soy Protein Historical Price Trends (2017-2021) & Forecast (2022-2027)
5    Manufacturing Process
    5.1    Detailed Process Flow
    5.2    Operations Involved
    5.3    Mass Balance
6    Cost Analysis
    6.1    Land, Location and Site Development
    6.2    Construction
    6.3    Plant Machinery
    6.4    Cost of Raw Material
    6.5    Packaging
    6.6    Transportation
    6.7    Utilities
    6.8    Manpower
    6.9    Other Capital Investment
7    Competitive Landscape & Supplier Analysis
    7.1    Archer Daniels Midland Company
    7.2    Ingredion
    7.3    Dupont
    7.4    Cargill Incorporated
    7.5    Wilmar International Limited
    7.6    CHS Inc.
    7.7    Others
8    Consumer Analysis
9    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global soy protein market attained a value of nearly USD 8.91 billion.

The market is projected to grow at a CAGR of 7.2% between 2021 and 2026.

The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach USD 13.53 billion by 2026.

The major drivers of the market include the growing population, rising food industry and the rising demand for plant proteins.

The soy protein market is being aided by growing trend of health and wellness diets, which require high-protein intake.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Isolate, concentrate and soy protein flour among others are the leading components in the industry.

Bakery and confectionery functional foods pharmaceuticals meat additives feed are the leading applications in the industry.

The major players in the industry are Archer Daniels Midland Company, Ingredion, Dupont, Cargill Incorporated, Wilmar International Limited, and CHS Inc., among others.

Analyst Review

The global soy protein market attained a value of USD 8.91 billion in 2020, driven by the increasing focus of the organisations on optimising customer experience and operational efficiencies. The market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 7.2%. The market is projected to reach USD 13.53 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the soy protein industry can be segmented into isolate, concentrate, and soy protein flour, among others. On the basis of applications, the market is divided into bakery and confectionery, functional foods, pharmaceuticals, meat additives, feed, among others. The major regional markets for soy protein are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Archer Daniels Midland Company, Ingredion, Dupont, Cargill Incorporated, Wilmar International Limited, and CHS Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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