Soy Protein Ingredients Market by Type (Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, and Soy Flours), Application (Food and Feed), Form (Dry and Liquid), Nature, Function, and Region - Global Forecast to 2027

The global soy protein ingredients market is estimated to be valued at USD 7.7 billion in 2022. It is projected to reach USD 10.8 billion by 2027, recording a CAGR of 7.0% during the forecast period.

Soy protein ingredients are produced by processing soymeal to obtain ingredients with higher protein concentrations, which can be used as a protein source in a range of food and animal feed applications. The demand for soy protein ingredients is growing in the food and animal feed industries, owing to their health benefits and functional properties. It is also a cheaper substitute for animal protein. The soy protein ingredients market is likely to grow at a significantly higher rate compared to other vegetable proteins.

Increased crop cultivation in developing regions such as South America and Asia Pacific, in addition to the already widespread cultivation across the globe, has increased the availability of soy proteins. Raw materials are, therefore, easy to obtain from contract farmers or oilseed crushers offering soy meal.

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Key Market Players

The key players in this market include ADM (US), Wilmar International Co., Ltd. (Singapore), Cargill, Incorporated (US), CHS, Inc. (US), and Fuji Oil Holdings Inc (Japan)

Soy protein isolates are used not only to improve the texture of meat products but also to increase protein content, enhance moisture retention, and emulsify. The additional benefit of using soy protein isolates is their bland taste and high protein content; also, they are low in fat, oligosaccharides, and fiber, causing less flatulence due to bacterial fermentation. They are considered significant ingredients by food industries for their functional benefits. The food industry is the largest user of pure SPI, which is also used in the health/pharmaceutical industry.

The soy protein ingredients market in Asia Pacific is projected to witness strong growth driven by large economies, such as China, India, Japan, and Australia. The level of overall investment in the region has increased substantially over the past decade, especially in China. The region has also witnessed a rise in vegan food consumption in recent years. The perceived benefits regarding people's health, environment, and religious considerations significantly contribute to the adoption of vegan and vegetarian diets in the region. Also, the rising health concerns have led people to reduce their meat intake and add plant-based foods, including soy proteins, to their diets.

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This research report categorizes the soy protein ingredients market, based on type, application, form, nature, function, and region
Target Audience:

• Soy protein raw material (ingredients) suppliers
• Soy Protein based product manufacturers
• Intermediate suppliers, such as traders and distributors of soy protein ingredients based food and feed
• Soy protein ingredients based food and feed exporting companies
• Government and soy protein research organizations
• Associations, regulatory bodies, and other
industry-related bodies:
o Food and Agriculture Organization (FAO)
o European Food Safety Authority (EFSA)
o The Association of American Feed Control Officials
o Food Standards Australia New Zealand
o US Food and Drug Administration (FDA) (US)
o World Health Organization (WHO)
Report Scope:

Soy Protein Ingredients Market:
By Type
• Soy Protein Concentrates
• Soy Protein Isolates
• Textured Soy Protein
• Soy Flours
• Other Types

By Application

• Food
o Meat Alternatives
o Dairy Alternatives
o Bakery Products
o Performance Nutrition
o Convenience Foods
o Beverages
o Other Food Applications

• Feed
o Cattle
o Swine
o Poultry
o PetFood
o AquaFeed

By Form
• Dry
• Liquid

By Nature
• Conventional
• Organic

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

By Region
• North America
• Europe
• Asia Pacific
• South America
• Rest of the World (RoW)

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Frequently Asked Questions (FAQ):

Which region is projected to have the fastest growth in the soy protein ingredients market?
What is the current size of the global soy protein ingredients market? What are the market drivers?
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This release was published on openPR.