Soy Protein Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025-2032

Description

Persistence Market Research has recently released a comprehensive report on the global Soy Protein Market, offering an in-depth analysis of key market dynamics such as growth drivers, emerging trends, opportunities, and challenges. The report provides valuable insights into the evolving market landscape, enabling stakeholders, manufacturers, and investors to make informed strategic decisions.

Key Insights:

Soy Protein Market Size (2025E): US$ 8,173.1 Mn
Projected Market Value (2032F): US$ 13,206.4 Mn
Global Market Growth Rate (CAGR 2025 to 2032): 7.1%

Soy Protein Market - Report Scope:

The soy protein market includes a wide range of plant-based protein ingredients derived from soybeans, widely used across food & beverage, animal feed, cosmetics, and nutritional applications. Soy protein is valued for its high nutritional profile, functional benefits, and versatility across multiple end-use industries. Increasing consumer preference for plant-based diets, growing awareness of sustainable food sources, and rising demand for meat and dairy alternatives are significantly contributing to market expansion. With continuous innovation in food processing and ingredient formulation, soy protein is gaining widespread acceptance across both developed and emerging economies.

Market Growth Drivers:

The global soy protein market is experiencing strong growth driven by the rising adoption of plant-based and vegan diets across the world. Increasing health consciousness among consumers, along with growing concerns regarding animal welfare and environmental sustainability, has accelerated demand for soy-based protein products. The expanding use of soy protein in meat and dairy alternatives, sports nutrition, and functional foods is further boosting market growth. Additionally, the affordability, high protein content, and functional properties of soy protein make it a preferred ingredient for food manufacturers, supporting its widespread application across multiple industries.

Market Restraints:

Despite positive growth prospects, the soy protein market faces certain challenges that may hinder expansion. Concerns related to soy allergies and the presence of genetically modified soybeans can limit consumer acceptance in specific regions. Fluctuations in soybean prices due to climatic conditions and supply chain disruptions also pose challenges for manufacturers. Moreover, the availability of alternative plant-based proteins such as pea, rice, and wheat protein may create competitive pressure, affecting the overall growth trajectory of the soy protein market.

Market Opportunities:

The soy protein market presents significant growth opportunities due to rising demand for clean-label, organic, and non-GMO food products. Increasing innovation in food formulations and advancements in soy protein processing technologies are expected to enhance taste, texture, and functionality, thereby improving consumer acceptance. Expanding applications in cosmetics, personal care, and clinical nutrition offer additional growth avenues. Furthermore, rapid urbanization and changing dietary habits in emerging economies across Asia-Pacific, Latin America, and the Middle East & Africa are expected to create lucrative opportunities for market players over the forecast period.

Key Questions Answered in the Report:

What are the key factors driving growth in the global soy protein market?
Which product types and end-use segments are witnessing the highest demand?
How are plant-based food trends influencing soy protein consumption?
Who are the major players in the soy protein market and what strategies are they adopting?
What are the future growth prospects and regional outlook for the global soy protein market?

Competitive Intelligence and Business Strategy:

Leading companies operating in the global soy protein market are focusing on product innovation, capacity expansion, and strategic collaborations to strengthen their market position. Key players are investing in research and development to improve protein quality, enhance functional properties, and meet the rising demand for organic and clean-label products. Expanding production facilities and strengthening global distribution networks remain core strategies to capture emerging market opportunities and sustain competitive advantage.

Companies Covered in This Report:

Ingredion Incorporated
Cargill, Incorporated
IFF
DuPont de Nemours, Inc.
Glanbia plc
Wilmar International Ltd
ADM
Bunge
Kerry Group plc
Burcon
The Scoular Company
Nordic Soya Oy
Fuji Oil Co.LTD
NOW(R) Foods
Shandong Yuxin Biotechnology Co., Ltd
Others

Market Segmentation

By Product Type

Soy Protein Isolates
Soy Protein Concentrates
Textured Soy Protein
Soy Protein Hydrolysates
Others

By Nature

Organic
Conventional

By Nature

Dry
Liquid

By End-use

Food & Beverage
Sports & Clinical Nutrition
Animal Feed
Cosmetics & personal care
Others

By Region

North America
Europe
East Asia
South Asia and Oceania
Latin America
Middle East and Africa

Product Code: PMRREP27154

1. Executive Summary

1.1. Global Soy Protein Market Snapshot, 2025 and 2032
1.2. Market Opportunity Assessment, 2025 - 2032, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. COVID-19 Impact Analysis
2.4. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Value Chain Analysis
3.2. Key Market Players
3.3. Regulatory Landscape
3.4. PESTLE Analysis
3.5. Porter's Five Force Analysis

4. Price Trend Analysis, 2019 - 2032

4.1. Pricing Analysis, By Product Type
4.2. Key Factors Impacting Product Prices

5. Global Soy Protein Market Outlook

5.1. Key Highlights
- 5.1.1. Market Volume (Tons) Projections
- 5.1.2. Market Size (US$ Mn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Mn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Mn) Analysis, 2019-2024
- 5.2.2. Market Size (US$ Mn) Analysis and Forecast, 2025-2032
5.3. Global Soy Protein Market Outlook: Product Type
- 5.3.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Product Type, 2019-2024
- 5.3.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
  - 5.3.2.1. Soy Protein Isolates
  - 5.3.2.2. Soy Protein Concentrates
  - 5.3.2.3. Textured Soy Protein
  - 5.3.2.4. Soy Protein Hydrolysates
  - 5.3.2.5. Others
- 5.3.3. Market Attractiveness Analysis: Product Type
5.4. Global Soy Protein Market Outlook: Nature
- 5.4.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Nature, 2019-2024
- 5.4.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Nature, 2025-2032
  - 5.4.2.1. Organic
  - 5.4.2.2. Conventional
- 5.4.3. Market Attractiveness Analysis: Nature
5.5. Global Soy Protein Market Outlook: Form
- 5.5.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Form, 2019-2024
- 5.5.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
  - 5.5.2.1. Dry
  - 5.5.2.2. Liquid
- 5.5.3. Market Attractiveness Analysis: Form
5.6. Global Soy Protein Market Outlook: End Use
- 5.6.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By End Use, 2019-2024
- 5.6.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
  - 5.6.2.1. Food & Beverage
    - 5.6.2.1.1. Bakery & Confectionery
    - 5.6.2.1.2. Snacks & Cereals
    - 5.6.2.1.3. Meat alternatives
    - 5.6.2.1.4. Dairy alternatives
  - 5.6.2.2. Sports & Clinical Nutrition
  - 5.6.2.3. Animal Feed
  - 5.6.2.4. Cosmetics & personal care
  - 5.6.2.5. Others
- 5.6.3. Market Attractiveness Analysis: End Use

6. Global Soy Protein Market Outlook: Region

6.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Region, 2019-2024
6.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Region, 2025-2032
- 6.2.1. North America
- 6.2.2. Latin America
- 6.2.3. Europe
- 6.2.4. East Asia
- 6.2.5. South Asia and Oceania
- 6.2.6. Middle East & Africa
6.3. Market Attractiveness Analysis: Region

7. North America Soy Protein Market Outlook

7.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 7.1.1. By Country
- 7.1.2. By Product Type
- 7.1.3. By Nature
- 7.1.4. By Form
- 7.1.5. By End Use
7.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 7.2.1. U.S.
- 7.2.2. Canada
7.3. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 7.3.1. Soy Protein Isolates
- 7.3.2. Soy Protein Concentrates
- 7.3.3. Textured Soy Protein
- 7.3.4. Soy Protein Hydrolysates
- 7.3.5. Others
7.4. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Nature, 2025-2032
- 7.4.1. Organic
- 7.4.2. Conventional
7.5. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 7.5.1. Dry
- 7.5.2. Liquid
7.6. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 7.6.1. Food & Beverage
  - 7.6.1.1. Bakery & Confectionery
  - 7.6.1.2. Snacks & Cereals
  - 7.6.1.3. Meat alternatives
  - 7.6.1.4. Dairy alternatives
- 7.6.2. Sports & Clinical Nutrition
- 7.6.3. Animal Feed
- 7.6.4. Cosmetics & personal care
- 7.6.5. Others
7.7. Market Attractiveness Analysis

8. Europe Soy Protein Market Outlook

8.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 8.1.1. By Country
- 8.1.2. By Product Type
- 8.1.3. By Nature
- 8.1.4. By Form
- 8.1.5. By End Use
8.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 8.2.1. Germany
- 8.2.2. France
- 8.2.3. U.K.
- 8.2.4. Italy
- 8.2.5. Spain
- 8.2.6. Russia
- 8.2.7. Rest of Europe
8.3. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 8.3.1. Soy Protein Isolates
- 8.3.2. Soy Protein Concentrates
- 8.3.3. Textured Soy Protein
- 8.3.4. Soy Protein Hydrolysates
- 8.3.5. Others
8.4. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Nature, 2025-2032
- 8.4.1. Organic
- 8.4.2. Conventional
8.5. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 8.5.1. Dry
- 8.5.2. Liquid
8.6. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 8.6.1. Food & Beverage
  - 8.6.1.1. Bakery & Confectionery
  - 8.6.1.2. Snacks & Cereals
  - 8.6.1.3. Meat alternatives
  - 8.6.1.4. Dairy alternatives
- 8.6.2. Sports & Clinical Nutrition
- 8.6.3. Animal Feed
- 8.6.4. Cosmetics & personal care
- 8.6.5. Others
8.7. Market Attractiveness Analysis

9. East Asia Soy Protein Market Outlook

9.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 9.1.1. By Country
- 9.1.2. By Product Type
- 9.1.3. By Nature
- 9.1.4. By Form
- 9.1.5. By End Use
9.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 9.2.1. China
- 9.2.2. Japan
- 9.2.3. South Korea
9.3. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 9.3.1. Soy Protein Isolates
- 9.3.2. Soy Protein Concentrates
- 9.3.3. Textured Soy Protein
- 9.3.4. Soy Protein Hydrolysates
- 9.3.5. Others
9.4. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Nature, 2025-2032
- 9.4.1. Organic
- 9.4.2. Conventional
9.5. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 9.5.1. Dry
- 9.5.2. Liquid
9.6. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 9.6.1. Food & Beverage
  - 9.6.1.1. Bakery & Confectionery
  - 9.6.1.2. Snacks & Cereals
  - 9.6.1.3. Meat alternatives
  - 9.6.1.4. Dairy alternatives
- 9.6.2. Sports & Clinical Nutrition
- 9.6.3. Animal Feed
- 9.6.4. Cosmetics & personal care
- 9.6.5. Others
9.7. Market Attractiveness Analysis

10. South Asia & Oceania Soy Protein Market Outlook

10.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 10.1.1. By Country
- 10.1.2. By Product Type
- 10.1.3. By Nature
- 10.1.4. By Form
- 10.1.5. By End Use
10.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 10.2.1. India
- 10.2.2. Indonesia
- 10.2.3. Thailand
- 10.2.4. Singapore
- 10.2.5. ANZ
- 10.2.6. Rest of South Asia & Oceania
10.3. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 10.3.1. Soy Protein Isolates
- 10.3.2. Soy Protein Concentrates
- 10.3.3. Textured Soy Protein
- 10.3.4. Soy Protein Hydrolysates
- 10.3.5. Others
10.4. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Nature, 2025-2032
- 10.4.1. Organic
- 10.4.2. Conventional
10.5. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 10.5.1. Dry
- 10.5.2. Liquid
10.6. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 10.6.1. Food & Beverage
  - 10.6.1.1. Bakery & Confectionery
  - 10.6.1.2. Snacks & Cereals
  - 10.6.1.3. Meat alternatives
  - 10.6.1.4. Dairy alternatives
- 10.6.2. Sports & Clinical Nutrition
- 10.6.3. Animal Feed
- 10.6.4. Cosmetics & personal care
- 10.6.5. Others
10.7. Market Attractiveness Analysis

11. Latin America Soy Protein Market Outlook

11.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 11.1.1. By Country
- 11.1.2. By Product Type
- 11.1.3. By Nature
- 11.1.4. By Form
- 11.1.5. By End Use
11.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 11.2.1. Brazil
- 11.2.2. Mexico
- 11.2.3. Rest of Latin America
11.3. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 11.3.1. Soy Protein Isolates
- 11.3.2. Soy Protein Concentrates
- 11.3.3. Textured Soy Protein
- 11.3.4. Soy Protein Hydrolysates
- 11.3.5. Others
11.4. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Nature, 2025-2032
- 11.4.1. Organic
- 11.4.2. Conventional
11.5. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 11.5.1. Dry
- 11.5.2. Liquid
11.6. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 11.6.1. Food & Beverage
  - 11.6.1.1. Bakery & Confectionery
  - 11.6.1.2. Snacks & Cereals
  - 11.6.1.3. Meat alternatives
  - 11.6.1.4. Dairy alternatives
- 11.6.2. Sports & Clinical Nutrition
- 11.6.3. Animal Feed
- 11.6.4. Cosmetics & personal care
- 11.6.5. Others
11.7. Market Attractiveness Analysis

12. Middle East & Africa Soy Protein Market Outlook

12.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 12.1.1. By Country
- 12.1.2. By Product Type
- 12.1.3. By Nature
- 12.1.4. By Form
- 12.1.5. By End Use
12.2. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 12.2.1. GCC Countries
- 12.2.2. Egypt
- 12.2.3. South Africa
- 12.2.4. Northern Africa
- 12.2.5. Rest of Middle East & Africa
12.3. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Product Type, 2025-2032
- 12.3.1. Soy Protein Isolates
- 12.3.2. Soy Protein Concentrates
- 12.3.3. Textured Soy Protein
- 12.3.4. Soy Protein Hydrolysates
- 12.3.5. Others
12.4. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Nature, 2025-2032
- 12.4.1. Organic
- 12.4.2. Conventional
12.5. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 12.5.1. Dry
- 12.5.2. Liquid
12.6. Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 12.6.1. Food & Beverage
  - 12.6.1.1. Bakery & Confectionery
  - 12.6.1.2. Snacks & Cereals
  - 12.6.1.3. Meat alternatives
  - 12.6.1.4. Dairy alternatives
- 12.6.2. Sports & Clinical Nutrition
- 12.6.3. Animal Feed
- 12.6.4. Cosmetics & personal care
- 12.6.5. Others
12.7. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Ingredion Incorporated
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Product Type
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Cargill, Incorporated
- 13.3.3. IFF
- 13.3.4. DuPont de Nemours, Inc.
- 13.3.5. Glanbia plc
- 13.3.6. Wilmar International Ltd
- 13.3.7. ADM
- 13.3.8. Bunge
- 13.3.9. Kerry Group plc
- 13.3.10. Burcon
- 13.3.11. The Scoular Company
- 13.3.12. Nordic Soya Oy
- 13.3.13. Fuji Oil Co.LTD
- 13.3.14. NOW(R) Foods
- 13.3.15. Shandong Yuxin Biotechnology Co., Ltd
- 13.3.16. Others

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations