Soy Protein Ingredients Market Report 2025 (Global Edition)

Global Soy Protein Ingredients Market Report 2025 Market Size Split by Type (Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Soy Flours, Others), by Application (Food, Meat Alter...

Soy Protein Ingredients Market Report Description

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Soy Protein Ingredients Market Insights Video

Competitive Landscape of the Soy Protein Ingredients Market

The competitive landscape of the Soy Protein Ingredients market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established manufacturers, specialized Soy Protein Ingredients companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

August 2022: ADM agreed with Benson Hill, a US-based manufacturer of food and feed ingredients. Under this agreement, ADM secured an exclusive license for North America to process grain from Benson Hill's ultra-high-protein soybeans. This partnership enables ADM to produce and market protein concentrates, texturized protein concentrates, protein isolates, and high-protein texturized flour for the human food ingredients market. As a result, ADM will be able to enhance the quality of its soy protein offerings with increased protein content. (Source: https://www.adm.com/en-us/news/news-releases/2022/8/adm-and-benson-hill-partner-to-scale-innovative-ultra-high-protein-soy-for-north-american-food-ingredient-markets/ )

Top Companies Market Share in Soy Protein Ingredients Industry: (In no particular order of Rank)

• ADM (US)
• Wilmar International Ltd (Singapore)
• Cargill
• Incorporated (US)
• International Flavors & Fragrances Inc. (US)
• CHS Inc. (US)
• BRF Global (Brazil)
• Fuji Oil Holdings Inc. (Japan)
• Devansoy (US)
• Crown Protein Soya Group Company (China)
• AG Processing Inc. (US)
• The Scoular Company (US)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Soy Protein Ingredients Market

Which Region Dominates the Soy Protein Ingredients Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. The plant-based food sector has seen significant innovation, leading to the development of new products such as plant-based meats, dairy alternatives, and snacks that incorporate soy protein. According to SPINS data from the Plant-Based Foods Association and The Good Food Institute, plant-based food sales grew by 6.6% in 2022, reaching $8 billion. Despite this growth, the average retail price of plant-based foods only increased by 10%, maintaining a steady sales growth rate of 6.6% compared to 5.9% in 2021. This surge in innovation is attracting consumers who are seeking diverse and convenient plant-based options. Additionally, plant-based products are increasingly available in mainstream grocery stores, supermarkets, and online platforms, expanding the reach and accessibility of soy protein ingredients to a wider audience. https://plantbasedfoods.org/2022-retail-sales-data-plant-based-food

Which Region is Expanding at the Fastest CAGR?

Growing awareness of the health benefits of soy protein, with its high-quality protein content and advantageous amino acid profile, is boosting demand. In India, public healthcare expenditure increased to 2.1% of GDP in FY23 and 2.2% in FY22, up from 1.6% in FY21, according to the Economic Survey 2022-23. The Health Ministry aims to raise this to 2.5% by FY25. As consumers become more health-conscious and seek healthier, plant-based protein sources, soy protein is increasingly recognized as a key ingredient. Rising health concerns related to chronic conditions such as obesity, diabetes, and cardiovascular diseases are driving the adoption of healthier diets that include soy protein. In India, approximately 77 million adults have type 2 diabetes, and nearly 25 million are prediabetic, placing them at a higher risk of developing diabetes shortly. https://www.who.int/india/health-topics/mobile-technology-for-preventing-ncds#:~:text=In%20India%2C%20there%20are%20estimated,developing%20diabetes%20in%20near%20future). https://www.ibef.org/industry/healthcare-india

The current report Scope analyzes Soy Protein Ingredients Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Soy Protein Ingredients Market

According to Cognitive Market Research, the global Soy Protein Ingredients market size was estimated at USD 7951.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3180.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Soy Protein Ingredients market with a market size of USD 2509.5 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. In the U.S., the demand for the Soy Protein Ingredients market is driven by the rising focus on health and wellness.
• The Canada Soy Protein Ingredients market had a market share of USD 381.6 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Canada's growing consumer awareness of functional foods, and health benefits of soy protein, driving the market.
• The Mexico Soy Protein Ingredients market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 289.4 million in 2024.

Europe Soy Protein Ingredients Market

According to Cognitive Market Research, the global Soy Protein Ingredients market size was estimated at USD 7951.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2385.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

• The United Kingdom Soy Protein Ingredients market had a market share of USD 400.7 million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. In the UK, Soy Protein Ingredients sales witnessed an upswing due to the increasing number of vegans and vegetarians population.
• The France Soy Protein Ingredients market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 219.4 million in 2024.
• According to Cognitive Market Research, the German Soy Protein Ingredients market size was valued at USD 472.3 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. In Germany, Soy Protein Ingredients surged due to the country's increasing emphasis on sustainable and nutritious food choices.
• The Italy Soy Protein Ingredients market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 205.1 million in 2024.
• The Russian Soy Protein Ingredients market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 369.7 million in 2024.
• The Spain Soy Protein Ingredients market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 195.6 million in 2024
• The Luxembourg Soy Protein Ingredients market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 73.9 million in 2024.
• The Portugal Soy Protein Ingredients market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 50.1 million in 2024.
• The Greece Soy Protein Ingredients market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 28.6 million in 2024.
• Rest of Europe's Soy Protein Ingredients market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 369.7 million in 2024.

Asia Pacific Soy Protein Ingredients Market

According to Cognitive Market Research, the global Soy Protein Ingredients market size was estimated at USD 7951.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1828.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Soy Protein Ingredients market size was valued at USD 822.9 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. Soy Protein Ingredients surged in China due to growing consumer preference for healthier, protein-rich diets and the expansion of plant-based food products.
• The Japan Soy Protein Ingredients market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 252.3 million in 2024.
• The India Soy Protein Ingredients market had a market share of USD 219.4 million in 2024 and is projected to grow at a CAGR of 11.6% during the forecast period. India's rising health consciousness and the increasing prevalence of chronic diseases like diabetes and cardiovascular conditions, driving the market.
• The South Korean Soy Protein Ingredients market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 182.8 million in 2024.
• The Australian Soy Protein Ingredients market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 95.1 million in 2024.
• The South East Asia Soy Protein Ingredients market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 126.1 million in 2024.
• The Rest of Asia Pacific Soy Protein Ingredients market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 129.8 million in 2024.

South America Soy Protein Ingredients Market

According to Cognitive Market Research, the global Soy Protein Ingredients market size was estimated at USD 7951.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 397.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Soy Protein Ingredients market size was valued at USD 170.1 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Soy Protein ingredients flourished in Brazil due to the rising consumer interest in healthier food alternatives and the growing use of soy protein in various food applications.
• Argentina's Soy Protein Ingredients market had a market share of USD 66.7 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. Argentina's strong agricultural sector and its role as a major producer of soybeans augments the demand.
• Colombia's Soy Protein Ingredients market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 35.3 million in 2024.
• Peru's Soy Protein Ingredients market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 32.6 million in 2024.
• Chile's Soy Protein Ingredients market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 28.6 million in 2024.
• The Rest of Latin America's Soy Protein Ingredients market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 64.0 million in 2024.

Middle East Soy Protein Ingredients Market

According to Cognitive Market Research, the global Soy Protein Ingredients market size was estimated at USD 7951.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 159.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031..

• The GCC Countries Soy Protein Ingredients market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 68.0 million in 2024. Soy Protein Ingredients sales flourish due to the rising incidence of chronic health issues and a push for sustainable food solutions.
• The Egypt Soy Protein Ingredients market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 16.7 million in 2024.
• The South African soy Protein Ingredients market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 25.1 million in 2024. Soy Protein Ingredients sales flourish in South Africa due to expanding focus on health and nutrition, along with increasing awareness of the benefits of plant-based proteins.
• The Turkey Soy Protein Ingredients market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 13.6 million in 2024.
• The Nigeria Soy Protein Ingredients market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 16.7 million in 2024.
• The Rest of the MEA Soy Protein Ingredients market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 18.7 million in 2024.

Soy Protein Ingredients Market Analysis

Soy Protein Ingredients Market Type Segment Analysis

According to Cognitive Market Research, Soy Protein Isolates stand out as the dominant category over the projected period. Soy protein isolates are known for their high protein content, typically containing around 90% protein. This high concentration makes SPI an attractive option for manufacturers looking to boost the protein content of their products without adding significant volume or altering the product's texture and taste. SPI is highly versatile and is used in a variety of applications including meat alternatives, dairy substitutes, beverages, snacks, and nutritional supplements. Its excellent solubility, emulsification, and water-holding properties make it suitable for diverse food formulations.

Soy Protein Concentrates emerge as the fastest-growing category in the Soy Protein Ingredients market. Soy protein concentrates typically contain about 65-70% protein, which strikes a balance between high protein content and cost-effectiveness. This makes SPC a versatile and economically attractive option for many applications in the food and beverage industry. SPC is widely used in a variety of food products due to its functional properties, including its ability to improve texture, enhance flavor, and provide emulsification. It is commonly used in meat alternatives, dairy substitutes, baked goods, snacks, and dietary supplements.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Soy Protein Ingredients Industry. Request a Free Sample PDF!

Soy Protein Ingredients Market Application Segment Analysis

According to Cognitive Market Research, Food stands out as the dominant category over the projected period. As more consumers adopt vegetarian, vegan, and flexitarian diets, there is a growing demand for plant-based food products. Soy protein is a popular ingredient in these products due to its high protein content and versatility, driving its use in a wide range of food applications. With increasing awareness of health and wellness, consumers are seeking plant-based alternatives that offer nutritional benefits. Soy protein is valued for its complete amino acid profile and health benefits, making it a preferred ingredient in health-focused food products.

Feed emerges as the fastest-growing category in the Soy Protein Ingredients market. Soy protein is a rich source of high-quality protein, which is essential for the growth and development of livestock and poultry. Its amino acid profile closely matches the needs of various animals, making it a preferred ingredient in animal feed. As global meat consumption increases, driven by population growth and rising incomes, there is a corresponding rise in the demand for animal feed. Soy protein is used extensively in feed formulations to support the production of meat, dairy, and eggs.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Soy Protein Ingredients Form Segment Analysis

Soy Protein Ingredients Market Form Segment Analysis

According to Cognitive Market Research, Dry stands out as the dominant category over the projected period. Dry soy protein ingredients, such as soy protein isolates and concentrates, are more convenient to handle and store compared to their liquid counterparts. They have a longer shelf life and are less prone to spoilage, making them ideal for various applications. Dry forms require less refrigeration and are less sensitive to temperature changes during storage and transportation. This can result in lower storage and logistics costs for manufacturers and distributors.

Liquid emerges as the fastest-growing category in the Soy Protein Ingredients market. Liquid soy protein ingredients offer unique functional properties such as emulsification, foaming, and solubility, making them suitable for a wide range of applications. These characteristics are particularly valuable in beverages, sauces, soups, and dressings. The liquid form integrates seamlessly into various formulations without the need for additional processing steps, making it ideal for applications that require uniform consistency and texture.

• Dry
• Liquid

Soy Protein Ingredients Nature Segment Analysis

Soy Protein Ingredients Market Nature Segment Analysis

According to Cognitive Market Research, the dominant category is the Organic. Consumers are becoming increasingly health-conscious and are actively seeking products that are free from synthetic pesticides, genetically modified organisms (GMOs), and artificial additives. Organic soy protein is perceived as a healthier option due to its natural cultivation practices. Organic soy protein is often associated with higher nutritional quality and fewer health risks compared to conventionally grown soy protein. This perception drives consumers to prefer organic options.

The fastest-growing category in the Soy Protein Ingredients market is the Conventional. Conventional soy protein ingredients are often produced at lower costs compared to organic counterparts. The use of synthetic pesticides and fertilizers, which are not permitted in organic farming, helps reduce production expenses. This cost advantage makes conventional soy protein more affordable for both manufacturers and consumers. Conventional soy protein is widely used in various food and beverage applications, including meat substitutes, dairy alternatives, snacks, and bakery products. Its versatility and functionality make it a popular choice among manufacturers.

• Conventional
• Organic

Soy Protein Ingredients Function Segment Analysis

Soy Protein Ingredients Market Function Segment Analysis

According to Cognitive Market Research, the dominant category is Heart Health. Research has demonstrated that soy protein can help lower LDL cholesterol (the "bad" cholesterol) and total cholesterol levels. This effect is attributed to the presence of isoflavones and saponins in soy protein, which contribute to lipid metabolism and improved cholesterol profiles. Soy protein has been shown to have beneficial effects on blood pressure. Studies suggest that regular consumption of soy protein can help lower systolic and diastolic blood pressure, contributing to overall cardiovascular health.

The fastest-growing category in the Soy Protein Ingredients market is Weight Management. Soy protein has been shown to increase satiety, or the feeling of fullness, which can help reduce overall calorie intake. Studies suggest that soy protein can suppress appetite and reduce hunger more effectively than some other types of proteins, aiding in weight management. Protein is crucial for preserving lean muscle mass during weight loss. Soy protein, being a complete protein with a favorable amino acid profile, supports muscle maintenance, which is essential for maintaining a healthy metabolism and achieving long-term weight management goals.

• Muscle Health
• Heart Health
• Weight Management
• Other Functions

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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