Soy Protein Market Overview $10.01B in 2024 To $15.97B by 2032 | CAGR 6.01% Forecast 2025-2032

Soy Protein Market reached US$ 10.01 billion in 2024 and is expected to reach US$ 15.97 billion by 2032, growing with a CAGR of 6.01% during the forecast period 2025-2032.

Soy Protein Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Soy protein is a plant-based protein derived from soybeans, commonly used as a meat alternative and nutritional supplement. It contains all nine essential amino acids, making it a complete protein source ideal for vegetarian and vegan diets.

List of the Key Players in the Soy Protein Market:

Archer Daniels Midland Company, Cargill, Incorporated, Wilmar International Limited, Sonic Biochem Extractions Pvt.Ltd., Bunge Limited, FUJI OIL HOLDINGS INC., International Flavors & Fragrances Inc., Benson Hill, Inc., Shandong Saigao Group Corporation and Xinrui Group

Industry Development:

In May 2025, Bunge introduced a new range of soy protein concentrates at IFFA, designed with a clean flavor, neutral color, and cost-efficient formulation ideal for food manufacturers. With approximately 70% protein and 17% fiber, the line will be available in both powdered and textured forms to suit various food applications.

In November 2024, ICL Food Specialties and DAIZ Engineering launched ROVITARIS SprouTx at Food Ingredients Europe 2024. This next-generation textured soy protein, created using DAIZ's proprietary germination technology, addresses common taste and texture issues in plant-based meat and seafood products. The new ingredient delivers improved sensory experience and nutritional value, helping manufacturers develop more appealing plant-based offerings.

In February 2024, Amfora released its first commercial range of ultra-high protein soy ingredients, including soy flour, texturized vegetable protein, and soy crisps. These products, made from specially bred soybeans, boast about 25% more protein than standard varieties, with the soy flour containing over 60% protein.

Growth Forecast Projected:

The Global Soy Protein Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Soy Protein Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Soy Protein Market:

By Type: Soy Protein Isolates, Soy Protein Concentrates, Soy Flours, others

By Form: Powder, Bars, Ready to Drink, Capsules & Tablets, Others

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Store, E-Commerce, Others

By Application: Food (Bakery & Confectionery, Meat Alternatives, Functional Foods, Dairy Replacements, and Infant Foods), Feed (Livestock, Aquafeed, Cattle, Poultry, Swine

Regional Analysis for Soy Protein Market:

The regional analysis of the Soy Protein Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Soy Protein market?

➠ Who are the leading manufacturers in the global Soy Protein industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Soy Protein industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Soy Protein market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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