Press release
Soy Protein Market: Strong Market Growth, Increasing Health Conscious Consumers, and Key Trends Focus
Soy Protein Market
What Is The Projected Market Size Of The Global Soy Protein Market And Its Growth Rate?
• The soy protein market size has grown from $11.05 billion in 2024 to $11.67 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%.
• The growth is attributed to strong economic growth in emerging markets, growing number of health-conscious consumers, and a shift towards vegan eating.
• The market size is expected to grow to $14.44 billion in 2029 at a CAGR of 5.5%.
• The forecasted growth can be attributed to government initiatives towards plant-based protein, consumers' preference for meat alternatives, and rapid growth in ecommerce.
What Is Driving The Growth In The Soy Protein Market?
The growth in the soy protein market is significantly contributed by the increasing vegan population globally. As vegan and flexitarian diets become more popular, the demand for soy protein also increases. According to a new study by Food Manufacture, the number of vegans in the UK grew by 1.1 million between 2023 and 2024, which has created a surge in demand for soy protein.
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Who Are the Key Players Driving Soy Protein Market Growth?
• Archer-Daniels-Midland Company
• Wilmar International Limited
• CHS Inc
• Cargill Incorporated
• Fuji Oil Company Ltd
• International Flavors & Fragrances Inc
• Royal Ingredients Group
• Solbar Ningbo Protein Technology Co.Ltd.
• Nordic Soya Oy
• Sonic Biochem
• Vyas Bio Life Sciences Private Limited
What Are The Key Trends In The Soy Protein Market?
• Developing new technology to improve oil, protein, and sustainability profile
• Focusing on plant-based protein ingredients
• Using artificial intelligence (AI) to analyze phytonutrients for potential health benefits
• Focusing on high yield raw materials to reduce processing time and resource consumption
• Increasing investments in soy protein
What Are The Segments Of The Global Soy Protein Market?
The soy protein market is segmented into;
• Product Type: Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Soy Flour, Grits, and Chunks
• Nature: Organic Soy Protein, Conventional Soy Protein
• Form: Powder, Ready To Drink, Bars, Capsules And Tablets, Other Forms
• Application: Bakery And Confectionery, Meat Alternatives, Functional Foods, Dairy Replacers, Infant Foods, Other Applications
• Distribution Channel: Specialty Store, Convenience Store, E-Commerce Or Online Sale Channel, Supermarket Or Hypermarket
Which Region Leads The Soy Protein Market?
North America was the largest region in the Soy Protein market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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What Is Covered In The Soy Protein Market Global Market Report?
- Market Size Analysis: Analyze the Soy Protein Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Soy Protein Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Soy Protein Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Soy Protein Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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