Soy Protein Market Analysis and Forecast to 2029 by Recent Trends, Developments in Manufacturing and Regional Growth Overview – ADM,DuPont,Sojaprotein,FUJIOIL

The global Soy Protein Market is estimated to be valued at USD 7.7 billion in 2023. It is projected to reach USD 10.8 billion by 2029, recording a CAGR of 7.2% during the forecast period.

Global Soy Protein Market 2023-2029 research report gives most upcoming industry information on the market situation and future outlook. This report provides you analysis of Soy Protein market size, share, future growth, and cost structure, statistical and comprehensive data of the global market. The report is beneficial for strategists and industry players to plan their future business strategies. This is an in-depth market report, provides all you need to know about the Soy Protein Market. It includes the market news and updates about the market current situation, historic data, present market trends, and this factor which is valuable and supportive to the business.

With tables and figures helping analyze worldwide Global Soy Protein market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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Top Prominent Players Mentioned in this report:

This report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Key companies covered as a part of this study include: ADM,DuPont,Sojaprotein,Bunge,FUJIOIL,Yuwang Group,Gushen Group,Wonderful Industrial Group,Scents Holdings,Goldensea Industry,Shansong Biological Products,MECAGROUP,Solbar,Cargill and others.

Global Soy Protein Market Segmentation:

Market segment by Type:

Concentrated Soy Protein

Isolated Soy Protein

Textured Soy Protein

Market segment by Application:

Meat Products

Confectionery & Pastry

Beverage

Dairy

Others

Soy Protein Market Trends

This section covers the major market trends shaping the Soy Protein Market according to our research experts:

Animal Feed is the largest segment by End User.

• The usage of soy protein ingredients in animal feed marginally surpasses its usage in food and beverages. Soy protein, mainly in the form of concentrates, is widely used in the diets of animals, birds, and fish. Its main characteristics, such as easy digestibility, improved shelf life, and protein enrichment, are driving its application in the food and beverage segment. In 2022, the animal feed segment was largely driven by concentrates that addressed about 55% of soy protein needs.
• Food and beverage is another crucial application sector for soy protein, mainly in the meat/meat alternative segment, attributed to multi-functionalities that mimic muscle texture when stacked in straight fibers, thus, improving its use for texture and protein enrichment in meat alternatives. In 2022, the meat alternatives sub-segment accounted for about 22% of the soy protein market. In terms of growth, supplements remained the fastest-growing sector, with a projected CAGR of 5.95% by volume during the forecast period, attributed to the growing number of fitness enthusiasts in developed economies like the United States, the United Kingdom, and Germany.
• The supplements segment did not contribute significantly to the soy protein market. However, it is anticipated to see sizable growth in the coming years, recording a CAGR of 4.62% by volume during the forecast period. The development of the segment will be driven by the rising consumption of soy proteins in baby food and infant formula (2023-2029: projected CAGR of 4.03% by volume). Infants’ appropriate growth and development are ensured by soy protein formulas. Isolated soy protein has the same PDCAAS score as milk protein and egg white, which is 1.0, the highest value obtained protein.

Regional Insight:

The Middle East and Africa (Turkey, GCC Countries, Egypt, South Africa)

North America (United States, Mexico, and Canada)

South America (Brazil etc.)

Europe (Germany, Russia, UK, Italy, France, etc.)

Asia-Pacific (China, Japan, Philippines, Korea, India, Indonesia, and Australia)

North America is the largest segment by Region.

• North America dominated the soy protein market, with most of its applications in the food and beverages segment. Meat and dairy alternatives led the market demand, holding a volume share of 44% in 2022. This growth can be attributed to the increasing demand for plant-based products, especially in the United States and Canada, which had a combined vegan population of about 10 million in 2021. Being among the largest producers of soybeans, the United States widely contributes to the regional soy protein demand. In 2021, soybean production totaled a record-high 4.44 billion bushels, up by 5% from 2020.
• North America is followed by the Asia-Pacific region. China remained the largest consumer of soy protein in the region, attributed to high production capacity that reduces the ingredient’s price and boosts volume consumption. About 70% of the world’s supply of soy protein isolates, a primary ingredient in many plant-based foods, is processed in the Shandong province in China. This factor also enables immense innovation in plant-based space, attracting more consumers to try the differentiated product offerings. The region is projected to record a CAGR of 5.67% by value during the forecast period.

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This report aims to provide:

– A qualitative and quantitative analysis of the current trends, dynamics, and estimations from 2023 to 2029.

– The analysis tools such as SWOT analysis and Porter’s five force analysis are utilized, which explain the potency of the buyers and suppliers to make profit-oriented decisions and strengthen their business.

– The in-depth market segmentation analysis helps identify the prevailing market opportunities.

– In the end, this Soy Protein report helps to save you time and money by delivering unbiased information under one roof.

Key question answered in this report

1. What will the market size be in 2029 and what will the growth rate be?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
6. What are the market opportunities and threats faced by the key vendors?
7. What are the strengths and weaknesses of the key vendors?

Table of Contents: Soy Protein Market

Part 1: Overview of Soy Protein Market

Part 2: Global Soy Protein Market Status and Forecast by Regions

Part 3: Global Market Status and Forecast by Types

Part 4: Global Market Status and Forecast by Downstream Industry

Part 5: Market Driving Factor Analysis

Part 6: Market Competition Status by Major Manufacturers

Part 7: Major Manufacturers Introduction and Market Data

Part 8: Upstream and Downstream Market Analysis

Part 9: Cost and Gross Margin Analysis

Part 10: Marketing Status Analysis

Part 11: Market Report Conclusion

Part 12: Soy Protein: Research Methodology and Reference

Finally, the Soy Protein Market report is the believable source for gaining the market research that will exponentially accelerate your business.

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