Soy Protein Ingredients Market Size Worth $14.27 Billion By 2032 | CAGR: 6.40%

Soy Protein Ingredients Market Size Worth $14.27 Billion By 2032 | CAGR: 6.40%

The global soy protein ingredients market size is expected to reach USD 14.27 billion by 2032, according to a new study by Polaris Market Research. The report “Soy Protein Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Soy Flours, and Other Types); By Form; By Application; By Region; Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing demand for healthy food products with longer shelf life and continuous change in consumer lifestyle trends coupled with the growing incidences of a variety of chronic diseases have pushed governments and health organizations to spread awareness and further encourage people to intake soy protein in their daily health routine are prominent factors driving the global market growth. Moreover, the ever-rising demand for soy-rich foods to lower the impact and risk of cardiovascular diseases and improve heart health has paved the way for higher new product innovations, which are also projected to drive revenue growth. For instance, in November 2022, IFF introduced its plant-based protein “SUPRO TEX.” The new solution provides a similar texture to the chunky pieces that do not require any large investments.

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There has been a tremendous rise in the demand for functional foods with the surge in health awareness, consumer willingness, and nutritional requirements. Since soy protein ingredients can provide all types of amino acids required for human development, many medical experts have begun recommending it as a potentially healthier and better substitute for meat products. Furthermore, sustainable livestock production management could promote various important functions, including nutrient cycling, carbon sequestration, and efficient conservation of the agricultural landscape. Thus, the development of such meat alternatives will not only alleviate environment-related problems and also provide choices for vegetarians.

Soy Protein Ingredients Market Report Highlights

  • Soy protein concentrates segment accounted for considerable global market share in 2022, owing to its ability to provide high quality protein content and nutrient-dense
  • Dry segment held the significant market revenue share in 2022, which is highly attributable to its ease of transporting, storing, low costs, and effectively maintaining the ingredient stability capabilities
  • Functional foods segment is expected to grow at a significant CAGR over the projected period because of the increasing prevalence for the adoption of soy protein ingredients in foods industry to reduce the fat and improve product quality
  • North America region dominated the market in 2022, on account of high consumer awareness regarding the health benefits on plant-based products and high R&D expenditure in the region
  • The global key players include International Flavors & Fragrances, Farbest Tallman Foods Corporation, Crown Protein Soya Group Company, and Cargill Incorporated

Polaris Market Research has segmented the soy protein ingredients market report based on type, form, application, and region:

Soy Protein Ingredients, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Soy Protein Concentrates
  • Soy protein Isolates
  • Textured Soy Protein
  • Soy Flours
  • Other Types

Soy Protein Ingredients, Form Outlook (Revenue - USD Billion, 2019 - 2032)

  • Dry
  • Liquid

Soy Protein Ingredients, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Bakery & Confectionery
  • Meat Alternatives
  • Functional Foods
  • Dairy Replacers
  • Infant Foods
  • Animal Feed
  • Others

Soy Protein Ingredients, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

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