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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, Others; By Region: North America, Europe, Asia Pacific, LATAM, Middle East & Africa; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis: Value Chain Analysis: Porter’s Five Forces Analysis: Global Soy Protein Price Analysis: Manufacturing Process: Cost Analysis: Competitive Landscape & Supplier Analysis: Consumer Analysis: Events and Developments

Global Soy Protein Market Key Insights:

 

  • Global Soy Protein Market Performance
  • Global Soy Protein Market Analysis and Outlook 2019-2024
  • Price Trends
  • Consumer Analysis
  • Global Soy Protein Market Breakup by Region
  • Cost Analysis
  • Competitive Landscape
  • Value Chain Analysis
  • Mergers and Acquisitions

 

Market Outlook

The global soy protein market attained nearly USD 6.82 billion in 2018. 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 2019-2024. In 2024, the soy protein industry is estimated to reach USD 10.23 billion. 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 2019/20, 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:

  • 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, LATAM, Middle East and Africa, Europe, and the Asia Pacific.

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.

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 (2014-2018) & Forecast (2019-2024)
        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 (2014-2018) & Forecast (2019-2024)
            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 (2014-2018) & Forecast (2019-2024)
            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
            4.1.6.2    Europe
            4.1.6.3    Asia Pacific
            4.1.6.4    LATAM
            4.1.6.5    Middle East and Africa
        4.1.7    Figure: Global Soy Protein Market Breakup by Region: Historical Market (2014-2018) & Forecast (2019-2024)
            4.1.7.1    North America
            4.1.7.2    Europe
            4.1.7.3    Asia Pacific
            4.1.7.4    LATAM
            4.1.7.5    Middle East and Africa
    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 (2014-2018) & Forecast (2019- 2024)
        4.5.2    Europe Soy Protein Historical Price Trends (2014-2018) & Forecast (2019-2024)
        4.5.3    Asia Pacific Soy Protein Historical Price Trends (2014-2018) & Forecast (2019-2024)
        4.5.4    LATAM Soy Protein Historical Price Trends (2014-2018) & Forecast (2019-2024)
        4.5.5    Middle East & Africa Soy Protein Historical Price Trends (2014-2018) & Forecast (2019-2024)
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    Events and Developments

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