Soy Protein Ingredients Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Analyst Perspective 

The global soy protein Ingredients market is estimated to register a CAGR of 7.8%. The soy protein ingredients market is experiencing growth due to an increase in awareness regarding plant-based protein sources. Nowadays, consumers are focusing more on health and wellness, which is driving the adoption of soy protein. The rising number of people adopting vegan and vegetarian lifestyles is a prominent factor contributing to the growth of the soy protein ingredients market. Allergy concerns and the existence of alternative plant-based proteins are challenging factors for the growth of the soy protein market.  

Market Overview

Soy protein has a high amount of protein, amino acids, and calcium required for the body. Soy protein ingredients are processed ingredients produced from wholly defatted soy meal through a water extraction. Soy is a nutrition-dense protein that can be eaten as an alternative to meat. Soy protein ingredients are used in various products, including snacks, meat alternatives, and dairy products. It is frequently used as a substitute for animal-based proteins in the food & beverage industry. Rising disposable incomes, particularly in developing countries, allow more people to afford soy-based protein ingredients. Hence, the demand for soy protein ingredients has been expanding rapidly in recent years.

Market Drivers

• Increasing preference for soy-based protein over meat-based protein

Soy is a complete source of protein that can be consumed as a meat substitute as it has all essential amino acids. Consuming soy protein instead of meat protein helps reduce the risk of cardiovascular diseases and also helps in reducing bad cholesterol in the body.

• People are moving towards vegan and vegetarian options

A well-balanced vegan and vegetarian diet provides health benefits such as reduced risk of chronic diseases, weight management, bone health, and others; most people are adopting vegan or vegetarian diets because they are better for the environment. 

• Versatile applications in food & beverages

Soy protein ingredients are versatile and can be used in various applications, including meat alternatives, baked goods, dairy alternatives, sports nutrition products, and baby food.

Market Segmentation

The global soy protein Ingredients market is segmented based on product type and application. The global soy protein Ingredients market is segmented based on product type: soy protein isolate, soy protein concentrates, soy floors, and others. The soy protein Ingredients market is segmented based on application into bakery & confectionary, meat alternatives, animal nutrition, infant nutrition, and others.

Regional Analysis

The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global soy protein Ingredients market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The soy protein ingredients market by region is also sub-segmented by respective countries and segments. The soy protein ingredients market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the soy protein ingredients market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' soy protein ingredients market.

Key Players

The reports cover vital organic and inorganic growth strategy developments in the soy protein ingredients market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, etc. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations, which have paved the way for the development of the business and customer base of market players. The Soy Protein Ingredients market players anticipate lucrative growth opportunities with the rising demand for plant-based protein in the global market.

The report includes key companies' profiles, SWOT analysis, and Soy Protein Ingredients market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the soy protein ingredients market.

• ADM
• BRF SA
• Cargill Incorporated
• Wilmar International Ltd
• CHS Inc
• Malindra group
• Devansoy
• Crown Soya Protein Group Company
• Farbest Brands
• International Flavors and Fragrances Inc

REGIONAL FRAMEWORK

Soy Protein Ingredients Market Report Analysis

MARKET PLAYERS

Soy Protein Ingredients Market Report Scope