Soy Protein Ingredient Market by Type, Form, Nature, Function, Application

List of Tables

The Soy Protein Ingredient Market was valued at USD 13.09 billion in 2023, expected to reach USD 14.01 billion in 2024, and is projected to grow at a CAGR of 7.61%, to USD 21.87 billion by 2030.

Soy protein ingredients, derived from soybeans, are utilized extensively for their high protein content and array of functional properties. The necessity of these ingredients stems from the growing demand for plant-based proteins in food and beverage formulations, dietary supplements, and animal feed. These ingredients are applied for their emulsification, texturization, and nutritional enhancement capabilities. End-use industries include food and beverages, animal feed, pharmaceuticals, and personal care products.

KEY MARKET STATISTICS
Base Year [2023]	USD 13.09 billion
Estimated Year [2024]	USD 14.01 billion
Forecast Year [2030]	USD 21.87 billion
CAGR (%)	7.61%

The soy protein market is poised for growth, driven by consumer awareness of health and wellness trends, veganism, and an inclination towards sustainable food sources. An increasing number of consumers are shifting towards plant-based diets, anticipating this healthful shift to be a substantial opportunity for expansion. The surge in demand for protein supplements, especially in sports nutrition, also augments market growth. Additionally, new product innovations, such as soy protein isolates and concentrates targeting specific dietary needs, represent potential growth avenues.

However, market growth faces some limitations and challenges. The fluctuating prices of raw materials and the availability of cheaper alternative proteins like pea and rice can constrain expansion. Allergies associated with soy products and genetically modified organism (GMO) concerns further dampen market enthusiasm. Environmental concerns related to soybean cultivation, including deforestation and pesticide usage, also present hurdles.

Opportunities for innovation and research are abundant, with prospects in developing non-GMO soy products, enhancing taste profiles, and improving the nutritional content of soy protein ingredients. Exploring new applications in expanding end-use industries, such as personalized nutrition and functional foods, offers long-term growth potential. Collaborative efforts in sustainable sourcing and transparent labelling can help capture environmentally conscious consumers. In essence, while the soy protein ingredient market is currently facing challenges, adapting to consumer trends through innovation and sustainability could offer a pathway to significant business growth. The market is dynamic, influenced by both advancing health trends and environmental considerations.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Soy Protein Ingredient Market

The Soy Protein Ingredient Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Inclination of consumers toward plant-based protein ingredients across the world
- Rising use of soy protein ingredients in bakery & confectionery sector
- Increasing demand of soy protein ingredients for production of animal feed
Market Restraints
- High cost associated with production of soy protein ingredients
Market Opportunities
- Introduction of soy protein ingredients based food & beverages products
- Recent advancements in the manufacturing process of soy protein ingredients
Market Challenges
- Adverse effects associated with consumption of soy protein ingredients

Porter's Five Forces: A Strategic Tool for Navigating the Soy Protein Ingredient Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Soy Protein Ingredient Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Soy Protein Ingredient Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Soy Protein Ingredient Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Soy Protein Ingredient Market

A detailed market share analysis in the Soy Protein Ingredient Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Soy Protein Ingredient Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Soy Protein Ingredient Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Soy Protein Ingredient Market

A strategic analysis of the Soy Protein Ingredient Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Soy Protein Ingredient Market, highlighting leading vendors and their innovative profiles. These include A. Costantino & C. S.P.A., Ag Processing Inc., Agro Solvent Products Pvt Ltd., Aminola B.V., Archer-Daniels-Midland Company, Batory Foods, Bioven Ingredients, Bremil Group, Bunge Limited, Burcon NutraScience Corporation, Cargill, Incorporated, Chaitanya Agro Biotech Pvt. Ltd., CHS Inc., CJ Selecta, Crown Soya Protein Group Company, Devansoy Inc., DuPont de Nemours, Inc., Farbest-Tallman Foods Corporation, Foodchem International Corporation, Foodrich Soya Co.,LTD., Fuji Oil Co., Ltd., Futura Oppenheimer, Hangzhou Pekhill Foods Co., Ltd., Ingredients UK Limited, Kellogg Company, Kerry Group PLC, Linyi Shansong Biological Products Co., Ltd., Living Foods, Medix Laboratoires, Meelunie B.V., Nordic Soya Oy, NOW Health Group, Inc., Oppenheimer Pty Ltd., PGP International, Inc. by ABF Ingredients, Prinova Group LLC by Nagase America LLC, Process Agrochem Industries Pvt Ltd., Ravago Chemicals, Rio Pardo Proteina Vegetal S/A, Shandong Sinoglory Health Food Co., Ltd., Sonic Biochem Limited, Sotexpro SA, Sun Nutrafoods, SunOpta, Superior Supplement Manufacturing, Taj Agro International, The Kraft Heinz Company, The Nisshin OilliO Group, Ltd., The Scoular Company, Titan Biotech Ltd., and Wilmar International Limited.

Market Segmentation & Coverage

This research report categorizes the Soy Protein Ingredient Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Soy Flours, Soy Protein Concentrates, and Soy Protein Isolates.
Based on Form, market is studied across Dry and Liquid.
Based on Nature, market is studied across Conventional and Organic.
Based on Function, market is studied across Heart Health, Muscle Health, and Weight Management.
Based on Application, market is studied across Feed and Food.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-0309FBC51035

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Inclination of consumers toward plant-based protein ingredients across the world
  - 5.1.1.2. Rising use of soy protein ingredients in bakery & confectionery sector
  - 5.1.1.3. Increasing demand of soy protein ingredients for production of animal feed
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with production of soy protein ingredients
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of soy protein ingredients based food & beverages products
  - 5.1.3.2. Recent advancements in the manufacturing process of soy protein ingredients
- 5.1.4. Challenges
  - 5.1.4.1. Adverse effects associated with consumption of soy protein ingredients
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Soy Protein Ingredient Market, by Type

6.1. Introduction
6.2. Soy Flours
6.3. Soy Protein Concentrates
6.4. Soy Protein Isolates

7. Soy Protein Ingredient Market, by Form

7.1. Introduction
7.2. Dry
7.3. Liquid

8. Soy Protein Ingredient Market, by Nature

8.1. Introduction
8.2. Conventional
8.3. Organic

9. Soy Protein Ingredient Market, by Function

9.1. Introduction
9.2. Heart Health
9.3. Muscle Health
9.4. Weight Management

10. Soy Protein Ingredient Market, by Application

10.1. Introduction
10.2. Feed
10.3. Food

11. Americas Soy Protein Ingredient Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Soy Protein Ingredient Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Soy Protein Ingredient Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Bunge To Invest in New Protein Concentrate Facility in the U.S.
- 14.3.2. Cargill Announces Acquisition Of Owensboro Grain Company
- 14.3.3. ADM Unveils New Soy Protein Extrusion Plant
- 14.3.4. Benson Hill Acquires Soy Crush Facility In Iowa
- 14.3.5. ADM and Benson Hill Enter Partnership for Plant-Based Protein
- 14.3.6. ADM Announces $300M Investment to Grow Alt-Protein Production and Open Protein Innovation Center
- 14.3.7. Kellogg's-Benson Hill Deal Aims To Fix Alt-Meat's Sustainability Issues
- 14.3.8. Benson Hill Launches Truvail(TM) Soy Protein Ingredient Portfolio Featuring Unique Sustainability Benefits For Broad Food Application
- 14.3.9. AGP Announces New Soybean Processing Facility
- 14.3.10. Benson Hill Acquires Soy Processor for $102m
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. A. Costantino & C. S.P.A.
2. Ag Processing Inc.
3. Agro Solvent Products Pvt Ltd.
4. Aminola B.V.
5. Archer-Daniels-Midland Company
6. Batory Foods
7. Bioven Ingredients
8. Bremil Group
9. Bunge Limited
10. Burcon NutraScience Corporation
11. Cargill, Incorporated
12. Chaitanya Agro Biotech Pvt. Ltd.
13. CHS Inc.
14. CJ Selecta
15. Crown Soya Protein Group Company
16. Devansoy Inc.
17. DuPont de Nemours, Inc.
18. Farbest-Tallman Foods Corporation
19. Foodchem International Corporation
20. Foodrich Soya Co.,LTD.
21. Fuji Oil Co., Ltd.
22. Futura Oppenheimer
23. Hangzhou Pekhill Foods Co., Ltd.
24. Ingredients UK Limited
25. Kellogg Company
26. Kerry Group PLC
27. Linyi Shansong Biological Products Co., Ltd.
28. Living Foods
29. Medix Laboratoires
30. Meelunie B.V.
31. Nordic Soya Oy
32. NOW Health Group, Inc.
33. Oppenheimer Pty Ltd.
34. PGP International, Inc. by ABF Ingredients
35. Prinova Group LLC by Nagase America LLC
36. Process Agrochem Industries Pvt Ltd.
37. Ravago Chemicals
38. Rio Pardo Proteina Vegetal S/A
39. Shandong Sinoglory Health Food Co., Ltd.
40. Sonic Biochem Limited
41. Sotexpro SA
42. Sun Nutrafoods
43. SunOpta
44. Superior Supplement Manufacturing
45. Taj Agro International
46. The Kraft Heinz Company
47. The Nisshin OilliO Group, Ltd.
48. The Scoular Company
49. Titan Biotech Ltd.
50. Wilmar International Limited