Soy Protein Ingredients Market Size, Share, Growth Analysis, By Type(Soy protein concentrates, soy protein isolates), By Application(Food and Beverages, Animal Feed) - Industry Forecast 2024-2031

Report ID: SQMIG30C2095 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

Share your requirements to help us to customize the report.

I acknowledge that I have read the Privacy Policy

Confidentiality

We respect your privacy rights and safeguard your personal information. We prevent the disclosure of personal information to third parties.

License Type Top market research company in USA

File Type

Analyst Support

$5,300

BUY NOW GET FREE SAMPLE

FAQs

Soy Protein Ingredients Market size was valued at USD 4.46 billion in 2021 and is poised to grow from USD 7.6 billion in 2022 to USD 12.96 billion by 2030, growing at a CAGR of 6.9% in the forecast period (2023-2030).

The soy protein ingredients market is highly competitive and characterised by the presence of numerous players offering a wide range of soy protein products and solutions. These players strive to gain a competitive edge through various strategies, such as product innovation, expansion of production capacities, and strategic partnerships. The competitive landscape is influenced by factors such as market consolidation, technological advancements, and shifting consumer preferences. 'Archer Daniels Midland Company (US)', 'Cargill, Incorporated (US)', 'Wilmar International Limited (Singapore)', 'CHS Inc. (US)', 'DuPont de Nemours, Inc. (US)', 'Kerry Group plc (Ireland)', 'Fuji Oil Holdings Inc. (Japan)', 'The Scoular Company (US)', 'DowDuPont Inc. (US)', 'Victoria Group (Serbia)', 'Ruchi Soya Industries Limited (India)', 'The Solae Company LLC (US)', 'E.I. du Pont Canada Company (Canada)', 'CHS Agronegocios (Argentina)', 'Devansoy Inc. (US)', 'Shandong Yuwang Industrial Co., Ltd. (China)', 'SunOpta, Inc. (Canada)', 'Sonic Biochem Extractions Ltd. (India)', 'Shandong Sanwei Soybean Protein Co., Ltd. (China)', 'World Food Processing BV (Netherlands)'

There is a growing consumer inclination towards clean label products that are devoid of artificial ingredients, additives, and allergens. Soy protein ingredients, as a natural and allergen-free protein source, perfectly align with this consumer demand for transparent and clean labelling. As a result, the adoption of soy protein ingredients in the food and beverage industry is being driven by this trend.

Growing Demand for Plant-based Proteins: This is due to a number of factors, including the growing health consciousness among consumers, the increasing popularity of vegetarian and vegan diets, and the rising awareness of the environmental impact of animal agriculture. As the demand for plant-based proteins continues to grow, the demand for soy protein ingredients is also expected to grow. Soy protein is a versatile ingredient that can be used in a wide variety of food and beverage products, making it a good choice for manufacturers who are looking to meet the needs of consumers who are seeking plant-based alternatives.

North America currently holds the dominant position owing to the notable shift in consumer preferences towards plant-based protein sources, with soy protein being a popular choice. Factors such as the rising adoption of vegetarian and vegan diets, growing awareness about the health benefits of soy protein, and the presence of major market players contribute to the dominance of North America. Additionally, the region has a well-established food and beverage industry that incorporates soy protein ingredients into a wide range of products, including meat substitutes, dairy alternatives, snacks, and bakery items.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Soy Protein Ingredients Market Size, Share, Growth Analysis, By Type(Soy protein concentrates, soy protein isolates), By Application(Food and Beverages, Animal Feed) - Industry Forecast 2024-2031

Share your requirements to help us to customize the report.

Confidentiality

FAQs

What is the market size of Soy Protein Ingredients Market?

Who are the key vendors in the Soy Protein Ingredients Market?

What is the key driver of Soy Protein Ingredients Market?

What is the key market trend for Soy Protein Ingredients Market?

Which region accounted for the largest share in Soy Protein Ingredients Market?

Related Reports

Feedback From Our Clients

$5,300