Soy Protein Ingredients Market Opportunities 2031
The Soy Protein Ingredients Market is expected to register a CAGR of 6.98% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Soy Protein Ingredients Market is categorized by product type into the following subsegments: Soy Protein Isolate, Soy Protein Concentrates, Soy Flours, and Others. It further presents an analysis based on application, i.e., Bakery & Confectionary, Meat Alternatives, Animal Nutrition, Infant Nutrition, and Others. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Soy Protein Ingredients Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Soy Protein Ingredients Market Segmentation
Product Type- Soy Protein Isolate
- Soy Protein Concentrates
- Soy Flours
- Others
- Bakery & Confectionary
- Meat Alternatives
- Animal Nutrition
- Infant Nutrition
- Others
Strategic Insights
Soy Protein Ingredients Market Growth Drivers- Climbing demand for plant-based protein: A rise in demand for plant-based protein: With more consumers looking for plant-based protein sources, soy protein has become a forerunner due to its nutritional profile and cost-effectiveness.
- Increased demand for high-protein foods: Consumers are increasingly attracted to foods that are rich in protein, leading to high demand for soy protein in bars, beverage, and snack items.
- Versatility in food applications: Soy protein may be used both as a meat substitute and as a dairy or casein substitute, making it an interesting ingredient for manufacturers in various food applications.
- Application in meat substitutes: Soy protein is a staple in many plant-based meat products, such as burgers, sausages, and nuggets; it replicates the texture and nutritional profile closest to animal-based proteins.
- Sustainability focus: As concern grows and with rising environmental awareness, so too does the reduced carbon footprint of soy protein versus animal protein push its use in plant-based products.
- Protein fortification in snacks: To meet the demand of the on the go protein snack, soy protein has emerged as an essential ingredient for protein bars, smoothies, and other snack foods.
- Sports Nutrition: Ramping demand for sports nutrition products positions soy protein as a 'buy' in protein shakes, powders, and supplements.
- Innovation of form of products: To an extent, there is still a sufficient scope for growth in soy protein-based products like plant-based dairy products, ready-to-eat meals, as well as snacks to be liked by both vegans and non-vegans.
- Expanding the range of food categories: Beyond the traditional food application, soy protein is being used in new food categories such as cosmetic, pharmaceuticals, and nutraceuticals.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Soy Protein Ingredients Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Soy Protein Ingredients Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The market is expected to register a CAGR of 6.98% during 2023–2031.
Driving factors for the Soy Protein Ingredients Market include vegan/vegetarian diets, popularity of high protein food, and increasing soy protein consumption in meat alternatives.
Key trends in the market include increasing product innovation, such as textured soy protein for meat substitutes, and continued growth in plant-based protein consumption.
The leading players in the Soy Protein Ingredients Market are ADM, BRF SA, Cargill Incorporated, Wilmar International Ltd, CHS Inc, Malindra group, Devansoy, Crown Soya Protein Group Company, Farbest Brands, VInternational Flavors and Fragrances Inc,
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Soy Protein Ingredients Market - By Type
1.3.2 Soy Protein Ingredients Market - By Application
1.3.3 Soy Protein Ingredients Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SOY PROTEIN INGREDIENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SOY PROTEIN INGREDIENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SOY PROTEIN INGREDIENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. SOY PROTEIN INGREDIENTS - GLOBAL MARKET OVERVIEW
6.2. SOY PROTEIN INGREDIENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOY PROTEIN INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOY PROTEIN CONCENTRATES
7.3.1. Overview
7.3.2. Soy Protein Concentrates Market Forecast and Analysis
7.4. SOY PROTEIN ISOLATES
7.4.1. Overview
7.4.2. Soy Protein Isolates Market Forecast and Analysis
7.5. SOY PROTEIN FLOURS
7.5.1. Overview
7.5.2. Soy Protein Flours Market Forecast and Analysis
8. SOY PROTEIN INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BAKERY AND CONFECTIONERY
8.3.1. Overview
8.3.2. Bakery and Confectionery Market Forecast and Analysis
8.4. MEAT ALTERNATIVES
8.4.1. Overview
8.4.2. Meat Alternatives Market Forecast and Analysis
8.5. FUNCTIONAL FOODS
8.5.1. Overview
8.5.2. Functional Foods Market Forecast and Analysis
8.6. DAIRY REPLACERS
8.6.1. Overview
8.6.2. Dairy Replacers Market Forecast and Analysis
8.7. INFANT FOODS
8.7.1. Overview
8.7.2. Infant Foods Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. SOY PROTEIN INGREDIENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Soy Protein Ingredients Market Overview
9.1.2 North America Soy Protein Ingredients Market Forecasts and Analysis
9.1.3 North America Soy Protein Ingredients Market Forecasts and Analysis - By Type
9.1.4 North America Soy Protein Ingredients Market Forecasts and Analysis - By Application
9.1.5 North America Soy Protein Ingredients Market Forecasts and Analysis - By Countries
9.1.5.1 United States Soy Protein Ingredients Market
9.1.5.1.1 United States Soy Protein Ingredients Market by Type
9.1.5.1.2 United States Soy Protein Ingredients Market by Application
9.1.5.2 Canada Soy Protein Ingredients Market
9.1.5.2.1 Canada Soy Protein Ingredients Market by Type
9.1.5.2.2 Canada Soy Protein Ingredients Market by Application
9.1.5.3 Mexico Soy Protein Ingredients Market
9.1.5.3.1 Mexico Soy Protein Ingredients Market by Type
9.1.5.3.2 Mexico Soy Protein Ingredients Market by Application
9.2. EUROPE
9.2.1 Europe Soy Protein Ingredients Market Overview
9.2.2 Europe Soy Protein Ingredients Market Forecasts and Analysis
9.2.3 Europe Soy Protein Ingredients Market Forecasts and Analysis - By Type
9.2.4 Europe Soy Protein Ingredients Market Forecasts and Analysis - By Application
9.2.5 Europe Soy Protein Ingredients Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Soy Protein Ingredients Market
9.2.5.1.1 Germany Soy Protein Ingredients Market by Type
9.2.5.1.2 Germany Soy Protein Ingredients Market by Application
9.2.5.2 France Soy Protein Ingredients Market
9.2.5.2.1 France Soy Protein Ingredients Market by Type
9.2.5.2.2 France Soy Protein Ingredients Market by Application
9.2.5.3 Italy Soy Protein Ingredients Market
9.2.5.3.1 Italy Soy Protein Ingredients Market by Type
9.2.5.3.2 Italy Soy Protein Ingredients Market by Application
9.2.5.4 United Kingdom Soy Protein Ingredients Market
9.2.5.4.1 United Kingdom Soy Protein Ingredients Market by Type
9.2.5.4.2 United Kingdom Soy Protein Ingredients Market by Application
9.2.5.5 Russia Soy Protein Ingredients Market
9.2.5.5.1 Russia Soy Protein Ingredients Market by Type
9.2.5.5.2 Russia Soy Protein Ingredients Market by Application
9.2.5.6 Rest of Europe Soy Protein Ingredients Market
9.2.5.6.1 Rest of Europe Soy Protein Ingredients Market by Type
9.2.5.6.2 Rest of Europe Soy Protein Ingredients Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Soy Protein Ingredients Market Overview
9.3.2 Asia-Pacific Soy Protein Ingredients Market Forecasts and Analysis
9.3.3 Asia-Pacific Soy Protein Ingredients Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Soy Protein Ingredients Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Soy Protein Ingredients Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Soy Protein Ingredients Market
9.3.5.1.1 Australia Soy Protein Ingredients Market by Type
9.3.5.1.2 Australia Soy Protein Ingredients Market by Application
9.3.5.2 China Soy Protein Ingredients Market
9.3.5.2.1 China Soy Protein Ingredients Market by Type
9.3.5.2.2 China Soy Protein Ingredients Market by Application
9.3.5.3 India Soy Protein Ingredients Market
9.3.5.3.1 India Soy Protein Ingredients Market by Type
9.3.5.3.2 India Soy Protein Ingredients Market by Application
9.3.5.4 Japan Soy Protein Ingredients Market
9.3.5.4.1 Japan Soy Protein Ingredients Market by Type
9.3.5.4.2 Japan Soy Protein Ingredients Market by Application
9.3.5.5 South Korea Soy Protein Ingredients Market
9.3.5.5.1 South Korea Soy Protein Ingredients Market by Type
9.3.5.5.2 South Korea Soy Protein Ingredients Market by Application
9.3.5.6 Rest of Asia-Pacific Soy Protein Ingredients Market
9.3.5.6.1 Rest of Asia-Pacific Soy Protein Ingredients Market by Type
9.3.5.6.2 Rest of Asia-Pacific Soy Protein Ingredients Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Soy Protein Ingredients Market Overview
9.4.2 Middle East and Africa Soy Protein Ingredients Market Forecasts and Analysis
9.4.3 Middle East and Africa Soy Protein Ingredients Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Soy Protein Ingredients Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Soy Protein Ingredients Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Soy Protein Ingredients Market
9.4.5.1.1 South Africa Soy Protein Ingredients Market by Type
9.4.5.1.2 South Africa Soy Protein Ingredients Market by Application
9.4.5.2 Saudi Arabia Soy Protein Ingredients Market
9.4.5.2.1 Saudi Arabia Soy Protein Ingredients Market by Type
9.4.5.2.2 Saudi Arabia Soy Protein Ingredients Market by Application
9.4.5.3 U.A.E Soy Protein Ingredients Market
9.4.5.3.1 U.A.E Soy Protein Ingredients Market by Type
9.4.5.3.2 U.A.E Soy Protein Ingredients Market by Application
9.4.5.4 Rest of Middle East and Africa Soy Protein Ingredients Market
9.4.5.4.1 Rest of Middle East and Africa Soy Protein Ingredients Market by Type
9.4.5.4.2 Rest of Middle East and Africa Soy Protein Ingredients Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Soy Protein Ingredients Market Overview
9.5.2 South and Central America Soy Protein Ingredients Market Forecasts and Analysis
9.5.3 South and Central America Soy Protein Ingredients Market Forecasts and Analysis - By Type
9.5.4 South and Central America Soy Protein Ingredients Market Forecasts and Analysis - By Application
9.5.5 South and Central America Soy Protein Ingredients Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Soy Protein Ingredients Market
9.5.5.1.1 Brazil Soy Protein Ingredients Market by Type
9.5.5.1.2 Brazil Soy Protein Ingredients Market by Application
9.5.5.2 Argentina Soy Protein Ingredients Market
9.5.5.2.1 Argentina Soy Protein Ingredients Market by Type
9.5.5.2.2 Argentina Soy Protein Ingredients Market by Application
9.5.5.3 Rest of South and Central America Soy Protein Ingredients Market
9.5.5.3.1 Rest of South and Central America Soy Protein Ingredients Market by Type
9.5.5.3.2 Rest of South and Central America Soy Protein Ingredients Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOY PROTEIN INGREDIENTS MARKET, KEY COMPANY PROFILES
11.1. ARCHER DANIELS MIDLAND COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARGILL, INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DEAN FOODS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. E. I. DU PONT DE NEMOURS AND COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KELLOGG CO.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KERRY INC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MANILDRA GROUP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MGP INGREDIENTS, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WILMAR INTERNATIONAL LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Archer Daniels Midland Company
2. Cargill, Incorporated
3. CHS Inc.
4. Dean Foods
5. E. I. du Pont de Nemours and Company
6. KELLOGG CO.
7. Kerry Inc
8. Manildra Group
9. MGP Ingredients, Inc.
10. Wilmar International Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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