Soy Protein Market Size to Reach USD 15.34 Billion at a CAGR of 9.8% by 2030 | Reports and Data

The global soy protein market size was USD 6.56 Billion in 2021 and is expected to register a revenue CAGR of 9.8% over the forecast period, according to the latest report by Reports and Data. Rising awareness regarding the benefits of soy protein, changing consumer perception of nutrition, and the growing trend of vegan culture owing to health benefits associated with vegan diets are factors expected to drive the revenue growth of the market.

The rapid increase in health and fitness centers has been resulting in the rapid adoption of soy protein globally. Soy protein contains 90% protein that helps to lower blood pressure, increase energy, and has low amounts of saturated fat. International health organizations and government initiatives to encourage people to intake soy protein have been opening up open new and more lucrative opportunities for players operating in the global soy protein market.

Top Companies Operating in the Global Soy Protein Market Report:

Wilmar International Ltd, The Nisshin OilliO Group, Ltd., Patanjali Foods Ltd., Ag Processing Inc. a cooperative, Devansoy Inc., Cargill, Incorporated., DuPont, ADM, Kerry Group plc., and CHS Inc.

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Some Key Highlights From the Report

• Soy protein isolates segment is expected to account for the largest revenue share over the forecast period Due to this product’s maximum protein content, relatively low-fat content, and absence of cholesterol. Soy protein isolate reduces the risk of heart disease, breast cancer, and osteoporosis in addition to maintaining hormone balance.

• Bars segment is expected to register a significantly rapid revenue CAGR over the forecast period. Soy protein bars are quickly becoming popular among both athletes and non-athletes. This type of bar, in addition to providing numerous health benefits, can also provide convenience while also being better for the diet. Soy protein bars are widely available in grocery stores and come in a variety of flavors.

• Soy protein is a low-cost method to minimize fat, increase protein content, and enhance overall baking properties in baked goods such as bread, muffins, doughnuts, rolls, cakes, cookies, pasta, and pies. Soy flour and grits increase moisture retention, improve crust color, extend shelf life, and can assist cut production costs when added to most blends.

• Market in North America is expected to register the largest revenue share over the forecast period, due to increasing awareness of plant-based products such as soy protein isolates, and ongoing research activities to introduce new kinds of soy-protein-enriched products in bakery, emulsion-type sausages, functional beverages, and nutritional bars, and breakfast cereals due to nutritional benefits. Many start-ups are entering this regional market with various soy protein products and this is expected to drive market revenue growth.

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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.

This report analyzes the Soy Protein market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Soy Protein market is provided to gain a deeper understanding of its growth and progress.

The global Soy Protein market is segmented into:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Product Type Outlook (Revenue, USD Billion; 2019-2030)

• Soy Protein Isolates
• Soy Protein Concentrates
• Textured Soy Protein
• Soy Flour, Grits, and Chunks

Form Outlook (Revenue, USD Billion; 2019-2030)

• Powder
• Ready-to-Drink
• Bars
• Capsules & Tablets
• Others

Application Outlook (Revenue, USD Billion; 2019-2030)

• Feed
• Food

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

• Specialty Store
• Convenience Store
• E-Commerce/Online Sale Channel
• Supermarket/Hypermarket

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market? What kind of strategic business plans have they made?

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Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

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