The Soy Protein Market is projected to reach $14.1 billion by 2029, at a CAGR of 9.9% from 2022 to 2029, while in terms of volume, the market is projected to reach 7,698.9 thousand tons by 2029, at a CAGR of 7.3% from 2020 to 2029. The increasing awareness about the benefits of protein-rich diets, the rising demand for protein-rich food products, the rising health & wellness trends, the increasing demand for meat alternatives, the rising demand from the food & beverage industry, and advancements in ingredient technologies, such as microencapsulation, are the key factors driving the growth of the soy protein market.
Furthermore, an increasing inclination toward vegan diets and emerging economies in Southeast Asia, the Middle East & Africa, and Latin America provide significant growth opportunities for soy protein manufacturers in the coming years.
Impact of COVID-19 on the Soy Protein Market
The COVID-19 pandemic negatively affected the traditional meat processing industry, and numerous slaughterhouses shut down due to supply chain disruptions. It significantly impacted the meat supply chain in the U.S., as many major meat plants either closed down temporarily or operated at minimal capacity to keep personnel safe. For instance, large meat processing companies, such as Tyson Foods, Inc. (U.S.) and Smithfield Foods, Inc. (U.S.), shut down their plants due to the outbreak of COVID-19. The meat supply shortage resulted in increased consumer demand for soy protein-based products.
Furthermore, the pandemic highlighted the importance of consuming healthy diets, resulting in the increased demand for plant-based food products. For instance, as per the data released by the International Food Information Council in 2021, 85% of Americans changed their diet patterns after the COVID-19 outbreak. Hence, the outbreak of the COVID-19 pandemic provided significant opportunities for the growth of the soy protein market.
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The Rising Demand from the Food & Beverage Industry is Expected to Drive the Growth of the Soy Protein Market
Proteins are used in the food industry for both nutritional and functional reasons. The human requirement for proteins can be met by consuming plant-based proteins. Increasing health awareness has resulted in recent global health and fitness trends. It has also boosted the demand for healthy food products, especially low-calorie, nutritious, and weight-control products.
The increasing demand for functional food is driven by the increasing prevalence of diseases, health awareness, nutritional requirements, and consumers’ willingness to experiment with new products. As a result, the number of food products containing nutritional ingredients has grown significantly in recent years. These global consumer trends have increased the demand for functional food ingredients like soy protein.
Protein is a key ingredient in enhancing the nutritional content of food and improving functionality. A protein's most important functional properties are its water solubility, water & fat binding capacity, gel-forming & rheological behaviors, and emulsifying & foaming capability.
Soy protein is used in food applications because it can form gels, absorb juices during cooking, and have whipping and binding properties. These natural ingredients are rich in protein and provide an appealing sensory aspect of food, shelf life, and stability in many food applications.
Soy protein is used in the manufacturing of weaning foods, porridge & gruel, cookies, crackers, muffins, bread, cereals, cakes, doughnuts, pasta, dry mixes, tortillas, nan & flatbreads, soups & sauces, ground meat, ground meat for patties, sausages, meatloaves, vegetarian foods, stews & soups, a variety of meat systems, baked goods, and specialty items.
Thus, the functional & nutritional properties and the applications of soy protein in a wide range of food products drive its demand in the food & beverage industry.
Key Findings in the Soy Protein Market Study:
In 2022, the Soy Protein Concentrates Segment is Expected to Account for the Largest Share of the Market
Based on type, in 2022, the soy protein concentrates segment is expected to account for the largest share of the soy protein market. The large market share of this segment is attributed to its low cost compared to other proteins, potential health advantages associated with soy protein concentrate, the rising demand from the animal feed sector, increased use of soy protein concentrate in food applications, and an increase in the number of product launches. In addition, the growing demand for soy protein concentrates from the meat and animal feed industries is also expected to drive the growth of this segment. However, the soy protein isolate segment is projected to register the highest CAGR during the forecast period.
The Non-genetically Modified Organism Crops Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on crop type, in 2022, the genetically modified organism crops segment is expected to account for the largest share of the soy protein market. The large share of this segment is mainly attributed to the common use of GMO crops, such as soybean, for plant-based protein production due to their huge productivity and cost-effectiveness. However, the non-genetically modified organism crops segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the rising trend of consuming non-GMO food products, rising demand for eco-friendly, natural, and organic food products, and stringent regulations for genetically modified crops in Europe and Asia-Pacific.
In 2022, the Conventional Soy Protein Ingredients Segment is Expected to Account for the Largest Share of the Market
Based on source process, in 2022, the conventional soy protein ingredients segment is expected to account for the largest share of the soy protein market. The growth of this segment is attributed to the wide availability of crops grown through the traditional harvesting method (with the use of chemical fertilizers), easy accessibility to cost-effective conventional soy protein ingredients, the longer shelf life of conventional soy proteins, and the wide availability of substantial crop varieties. However, the organic soy protein ingredients segment is projected to register the highest CAGR during the forecast period.
The Solid Segment to Witness the Highest Demand Through 2029
Based on form, in 2022, the solid form segment is expected to account for the largest share of the soy protein market. The large market share of this segment is attributed to the growing demand for powder soy protein, ease of handling and transport, lower costs, lower chances of formulation errors, and capability to maintain ingredient stability. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
In 2022, the Food & Beverages Segment to Dominate the Soy Protein Market
Based on application, in 2022, the food & beverages segment is expected to account for the largest share of the soy protein market. The large market share of this segment is attributed to the high consumer demand for sustainable products, the growing awareness about the health benefits of consuming soy protein, the rising awareness about the harmful effects of consuming animal-based products and ingredients, the increasing vegan population, and the rising meat prices and clean label trend. However, the nutrition & health supplements segment is projected to register the highest CAGR during the forecast period. The fast growth of this segment is attributed to the changing lifestyles, the growing health & wellness trends, and the increasing prevalence of diseases.
Asia-Pacific: The Fastest Growing Regional Market
In 2022, North America is expected to account for the largest share of the overall soy protein market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The large share of this regional market is attributed to a well-established food & beverage industry, the rising concerns about the negative effects of animal-derived products and protein, the increasing vegan population, the growing preference for plant-based food products, the increasing demand for healthy & nutritional products, the rising health & wellness trends, and the growing consumer awareness about the health benefits of consuming soy protein.
However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The fast market growth in Asia-Pacific is mainly attributed to the large vegetarian population, the growing awareness about the importance of consuming protein-rich diets, technological advancements in the food & beverage industry, and the wide availability of raw materials.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the soy protein market. The key players profiled in this soy protein market study are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Kerry Group plc (Ireland), International Flavors & Fragrances Inc. (U.S.), NOW Health Group, Inc. (U.S.), Burcon NutraScience Corporation (Canada), Sotexpro (France), Farbest Brands (U.S.), Wilmar International Limited (Singapore), CHS Inc. (U.S.), and Devansoy Inc. (U.S.).
Scope of the report
Soy Protein Market, by Type
Soy Protein Market, by Crop Type
Soy Protein Market, by Source Process
Soy Protein Market, by Form
Soy Protein Market, by Application
Soy Protein Market, by Geography
Key questions answered in the report:
The soy protein market covers the market size & forecasts of the soy protein type, crop type, source process, form, and application. The soy protein market studied in this report involves the value and volume analysis of various segments and subsegments of soy protein at regional and country levels.
The global soy protein market is projected to reach a value of $14.1 billion by 2029, at a CAGR of 9.9% during the forecast period.
Based on the type, in 2022, the soy protein concentrates segment is expected to account for the largest share of the soy protein market. However, the soy protein isolate segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the high demand for soy protein isolates from food & beverage manufacturers due to their nutritional and functional properties, including high protein content, neutral taste, and high viscosity drives the growth of this segment.
Based on form, the solid segment is projected to create more traction with the fastest growth rate during the forecast period owing to the growing demand for powder soy protein, ease of handling and transport, lower costs, lower chances of formulation errors, and their capability to maintain ingredient stability.
Based on application, in 2022, the food & beverages segment is expected to account for the largest share of the soy protein market. However, the nutrition & health supplements segment is expected to witness significant growth during the forecast period. The rapid growth of this segment is mainly attributed to the changing lifestyles, growing health & wellness trends, and increasing prevalence of diseases.
This market is driven by the increasing awareness about the benefits of protein-rich diets, the rising demand for protein-rich food products, the rising health & wellness trends, the increasing demand for meat alternatives, the rising demand from the food & beverage industry, and advancements in ingredient technologies, such as microencapsulation. Furthermore, an increasing inclination toward vegan diets and emerging economies in Southeast Asia, the Middle East & Africa, and Latin America are expected to create lucrative opportunities for players operating in this market.
The key players operating in the soy protein market include Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Kerry Group plc (Ireland), International Flavors & Fragrances Inc. (U.S.), NOW Health Group, Inc. (U.S.), Burcon NutraScience Corporation (Canada), Sotexpro (France), Farbest Brands (U.S.), Wilmar International Limited (Singapore), CHS Inc. (U.S.), and Devansoy Inc. (U.S.).
The emerging economies in Asia and Latin America are projected to offer significant growth opportunities for the vendors operating in this market. The growth in these regions is attributed to rising income, changing lifestyles, changes in tastes and preferences, and better food production & marketing, and increasing preference for products that provide functional and nutritional benefits to health.
This report provides pre & post COVID-19 market estimates.
List of Tables
Table 1 Global Soy Protein Market: Impact Analysis of Market Drivers (2022–2029)
Table 2 Global Soy Protein Market: Impact Analysis of Market Restraints (2022–2029)
Table 3 Nominal Soybean Prices, 2015–2021 (USD/Tonne)
Table 4 Average Prices of Soy Protein Concentrates, by Country/Region, 2020–2029 (USD/Ton)
Table 5 Average Prices of Soy Protein Isolates, by Country/Region, 2020–2029 (USD/Ton)
Table 6 Average Prices of Textured Soy Proteins, by Country/Region, 2020–2029 (USD/Ton)
Table 7 Soy Protein Import-Export, by Country/Region, 2020 (In Metric Tons & USD Million)
Table 8 Soy Protein Concentrates Import-Export, by Country/Region, 2020 (In Metric Tons & USD Million)
Table 9 Soy Protein Isolates Import-Export, by Country/Region, 2020 (In Metric Tons & USD Million)
Table 10 Textured Soy Proteins Import-Export, by Country/Region, 2020 (In Metric Tons & USD Million)
Table 11 Soy Protein Imports, by Key Import Destination
Table 12 Soy Protein Exports, by Key Export Destination
Table 13 Global Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 14 Global Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 15 Global Soy Protein Market Size for Soy Protein Concentrates, by Country/Region, 2020–2029 (USD Million)
Table 16 Global Soy Protein Market Size for Soy Protein Concentrates, by Country/Region, 2020–2029 (Thousand Tons)
Table 17 Global Soy Protein Market Size for Soy Protein Isolates, by Country/Region, 2020–2029 (USD Million)
Table 18 Global Soy Protein Market Size for Soy Protein Isolates, by Country/Region, 2020–2029 (Thousand Tons)
Table 19 Global Soy Proteins Market Size for Textured Soy Proteins, by Country/Region, 2020–2029 (USD Million)
Table 20 Global Soy Proteins Market Size for Textured Soy Proteins, by Country/Region, 2020–2029 (Thousand Tons)
Table 21 Global Soy Protein Market Size for Other Soy Protein Types, by Country/Region, 2020–2029 (USD Million)
Table 22 Global Soy Protein Market Size for Other Soy Protein Types, by Country/Region, 2020–2029 (Thousand Tons)
Table 23 Global Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 24 Global Soy Protein Market Size for Genetically Modified Organism Crops, by Country/Region, 2020–2029 (USD Million)
Table 25 Global Soy Protein Market Size for Non-genetically Modified Organism Crops, by Country/Region, 2020–2029 (USD Million)
Table 26 Global Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 27 Global Soy Protein Market Size for Conventional Soy Protein Ingredients, by Country/Region, 2020–2029 (USD Million)
Table 28 Global Soy Protein Market Size for Organic Soy Protein Ingredients, by Country/Region, 2020–2029 (USD Million)
Table 29 Global Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 30 Global Solid Form Soy Protein Market Size, by Country/Region, 2020–2029 (USD Million)
Table 31 Global Liquid Form Soy Protein Market Size, by Country/Region, 2020–2029 (USD Million)
Table 32 Global Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 33 Global Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 34 Global Soy Protein Market Size for Food & Beverage, by Country/Region, 2020–2029 (USD Million)
Table 35 Global Soy Protein Market Size for Meat, Poultry, and Seafood, by Country/Region, 2020–2029 (USD Million)
Table 36 Global Soy Protein Market Size for Bakery & Confectionery, by Country/Region, 2020–2029 (USD Million)
Table 37 Global Soy Protein Market Size for Meat Analogs, by Country/Region, 2020–2029 (USD Million)
Table 38 Global Soy Protein Market Size for Dairy & Dairy Alternatives, by Country/Region, 2020–2029 (USD Million)
Table 39 Global Soy Protein Market Size for Beverages, by Country/Region, 2020–2029 (USD Million)
Table 40 Global Soy Protein Market Size for Other Food & Beverage Applications, by Country/Region, 2020–2029 (USD Million)
Table 41 Global Soy Protein Market Size for Animal Feed, by Country/Region, 2020–2029 (USD Million)
Table 42 Global Soy Protein Market Size for Nutrition and Health Supplements, by Country/Region, 2020–2029 (USD Million)
Table 43 Global Soy Protein Market Size for Other Applications, by Country/Region, 2020–2029 (USD Million)
Table 44 Soy Protein Market Size, by Region, 2020–2029 (USD Million)
Table 45 Soy Protein Market Size, by Region, 2020–2029 (Thousand Tons)
Table 46 North America: Soy Protein Market Size, by Country, 2020–2029 (USD Million)
Table 47 North America: Soy Protein Market Size, by Country, 2020–2029 (Thousand Tons)
Table 48 North America: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 49 North America: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 50 North America: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 51 North America: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 52 North America: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 53 North America: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 54 North America: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 55 U.S.: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 56 U.S.: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 57 U.S.: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 58 U.S.: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 59 U.S.: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 60 U.S.: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 61 U.S.: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 62 Canada: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 63 Canada: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 64 Canada: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 65 Canada: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 66 Canada: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 67 Canada: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 68 Canada: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 69 Europe: Soy Protein Market Size, by Country/Region, 2020–2029 (USD Million)
Table 70 Europe: Soy Protein Market Size, by Country/Region, 2020–2029 (Thousand Tons)
Table 71 Europe: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 72 Europe: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 73 Europe: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 74 Europe: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 75 Europe: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 76 Europe: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 77 Europe: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 78 Germany: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 79 Germany: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 80 Germany: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 81 Germany: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 82 Germany: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 83 Germany: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 84 Germany: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 85 France: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 86 France: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 87 France: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 88 France: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 89 France: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 90 France: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 91 France: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 92 U.K.: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 93 U.K.: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 94 U.K.: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 95 U.K.: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 96 U.K.: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 97 U.K.: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 98 U.K.: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 99 Italy: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 100 Italy: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 101 Italy: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 102 Italy: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 103 Italy: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 104 Italy: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 105 Italy: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 106 Spain: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 107 Spain: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 108 Spain: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 109 Spain: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 110 Spain: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 111 Spain: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 112 Spain: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 113 RoE: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 114 RoE: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 115 RoE: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 116 RoE: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 117 RoE: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 118 RoE: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 119 RoE: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 120 Asia-Pacific: Soy Protein Market Size, by Country/Region, 2020–2029 (USD Million)
Table 121 Asia-Pacific: Soy Protein Market Size, by Country/Region, 2020–2029 (Thousand Tons)
Table 122 Asia-Pacific: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 123 Asia-Pacific: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 124 Asia-Pacific: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 125 Asia-Pacific: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 126 Asia-Pacific: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 127 Asia-Pacific: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 128 Asia-Pacific: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 129 China: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 130 China: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 131 China: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 132 China: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 133 China: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 134 China: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 135 China: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 136 Japan: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 137 Japan: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 138 Japan: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 139 Japan: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 140 Japan: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 141 Japan: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 142 Japan: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 143 India: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 144 India: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 145 India: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 146 India: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 147 India: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 148 India: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 149 India: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 150 Australia: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 151 Australia: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 152 Australia: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 153 Australia: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 154 Australia: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 155 Australia: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 156 Australia: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 157 RoAPAC: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 158 RoAPAC: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 159 RoAPAC: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 160 RoAPAC: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 161 RoAPAC: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 162 RoAPAC: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 163 RoAPAC: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 164 Latin America: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 165 Latin America: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 166 Latin America: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 167 Latin America: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 168 Latin America: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 169 Latin America: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 170 Latin America: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 171 Middle East & Africa: Soy Protein Market Size, by Type, 2020–2029 (USD Million)
Table 172 Middle East & Africa: Soy Protein Market Size, by Type, 2020–2029 (Thousand Tons)
Table 173 Middle East & Africa: Soy Protein Market Size, by Crop Type, 2020–2029 (USD Million)
Table 174 Middle East & Africa: Soy Protein Market Size, by Source Process, 2020–2029 (USD Million)
Table 175 Middle East & Africa: Soy Protein Market Size, by Form, 2020–2029 (USD Million)
Table 176 Middle East & Africa: Soy Protein Market Size, by Application, 2020–2029 (USD Million)
Table 177 Middle East & Africa: Soy Protein Market Size for Food & Beverage, by Type, 2020–2029 (USD Million)
Table 178 Number of Developments by Major Players During 2019–2022
List of Figures
Figure 1 Key Stakeholders
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 In 2022, The Soy Protein Concentrates Segment is Expected to Account for the Largest Share
Figure 9 In 2022, The Genetically Modified Organism Crops Segment to Account for the Largest Share
Figure 10 In 2022, The Conventional Soy Protein Ingredients Segment is Expected to Dominate the Market
Figure 11 The Solid Form Segment is Expected to Remain the Largest Segment During the Forecast Period
Figure 12 In 2022, The Food & Beverage Segment is Expected to Account for the Largest Share of the Market
Figure 13 Asia-Pacific to be the Fastest-growing Regional Market
Figure 14 Market Dynamics
Figure 15 Average Prices of Soy Protein Concentrates, by Country/Region, 2020–2029 (USD/Ton)
Figure 16 Average Prices of Soy Protein Isolates, by Country/Region, 2020–2029 (USD/Ton)
Figure 17 Average Prices of Textured Soy Proteins, by Country/Region, 2020–2029 (USD/Ton)
Figure 18 Global Soy Protein Market Size, by Type, 2022 Vs. 2029 (USD Million)
Figure 19 Global Soy Protein Market Size, by Type, 2022 Vs. 2029 (Thousand Tons)
Figure 20 Global Soy Protein Market Size, by Crop Type, 2022 Vs. 2029 (USD Million)
Figure 21 Global Soy Protein Market Size, by Source Process, 2022 Vs. 2029 (USD Million)
Figure 22 Global Soy Protein Market Size, by Form, 2022 Vs. 2029 (USD Million)
Figure 23 Global Soy Protein Market Size, by Application, 2022 Vs. 2029 (USD Million)
Figure 24 Global Soy Protein Market Size for Food & Beverage, by Type, 2022 Vs. 2029 (USD Million)
Figure 25 Soy Protein Market Size, by Region, 2022 Vs. 2029 (USD Million)
Figure 26 Soy Protein Market Size, by Region, 2022 Vs. 2029 (Thousand Tons)
Figure 27 North America: Soy Protein Market Snapshot (2022)
Figure 28 Europe: Soy Protein Market Snapshot (2022)
Figure 29 Asia-Pacific: Soy Protein Market Snapshot (2022)
Figure 30 Latin America: Soy Protein Market Snapshot (2022)
Figure 31 Middle East & Africa: Soy Protein Market Snapshot (2022)
Figure 32 Key Growth Strategies Adopted by Leading Players, 2019–2022
Figure 33 Soy Protein Market: Competitive Benchmarking, by Type
Figure 34 Archer Daniels Midland Company: Financial Overview (2021)
Figure 35 Cargill, Incorporated: Financial Overview (2021)
Figure 36 Kerry Group plc: Financial Overview (2021)
Figure 37 International Flavors & Fragrances Inc.: Financial Overview (2021)
Figure 38 Burcon NutraScience Corporation: Financial Overview (2022)
Figure 39 Wilmar International Limited: Financial Overview (2021)
Figure 40 CHS Inc.: Financial Overview (2021)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jan-2023
Published Date: Jun-2022
Published Date: May-2022
Published Date: Apr-2022
