Unlocking Opportunities in the Soy Protein Market: 2025-2034 Forecast Report

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What Will the Soy Protein Industry Market Size Be by 2025?
In recent times, there has been a significant expansion in the market size for soy protein. It is projected to rise from $11.05 billion in 2024 to an estimated $11.67 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.7%. Key contributing factors to this historic growth include robust economic developments in emerging markets, an increasing count of health-focused consumers, augmented awareness of the health benefits of plant-based protein consumables, a trend towards vegan diets, and expansion in dietary supplement* sector.

What's the Long-Term Growth Forecast for the Soy Protein Market Size Through 2029?
Anticipations are high for the soy protein market, with forecasts suggesting robust growth in the coming years. By 2029, the market is set to reach a value of $14.44 billion, representing a compound annual growth rate (CAGR) of 5.5%. Various factors contributing to this growth during the forecast period include government support for plant-based protein, a shift in consumer preference towards meat substitutes, increased inclusion of plant-based meat in menus, an upsurge in organized retail, amplified incidence of lactose intolerance, and the swift expansion of ecommerce. In the forecast period, major trends encompass new technology development to enhance oil, protein, and sustainability profiles, emphasis on plant-based protein ingredients, application of artificial intelligence (AI) to investigate phytonutrients for potential health gains, high yield raw materials to ensure reduced processing time and resource usage, and escalated investments in the soy protein sector.

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What Are the Key Growth Drivers Fueling the Soy Protein Market Expansion?
The expansion of the soy protein market is directly attributed to the growing number of individuals adopting a vegan lifestyle. Vegan diets, which shun products derived from animals like seafood, dairy, meat, and eggs, are increasingly prevalent due to the evolution of the plant-based industry and an enhanced understanding of the issues associated with meat production. An upswing in the number of vegans has subsequently spurred demand for soy protein, favored as a means of sustaining dietary protein levels. To illustrate, a study published in January 2023 by Food Manufacture - a digital publisher specializing in the food and drink processing sector operating in the UK, indicated a growth of 1.1 million vegans in the UK between 2023 and 2024. Further research by Finder revealed an increase in the UK's vegan population to 2.5 million in the past year, accounting for 4.7% of the adult populace. Accordingly, the upsurge in veganism is anticipated to foster the expansion of the soy protein market in future years.

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What Are the Key Trends Driving Soy Protein Market Growth?
Prominent corporations in the soy protein market are concentrating on novel technologies like the CropOS technology platform to augment crop production, enhance nutritional compositions, and promote more eco-friendly agriculture methods. The CropOS platform is a sophisticated farming system that harnesses data analysis and AI to maximize crop productivity and eco-friendliness. For example, in February 2022, Benson Hill, Inc., a US-based food tech firm, introduced its TruVailTM ingredients produced from its proprietary Ultra-High Protein (UHP) soybeans. This type of soybean necessitates fewer processing phases compared to conventional soy protein concentrate (SPC), rendering it a greener choice.

How Is the Soy Protein Market Segmented?
The soy protein market covered in this report is segmented -

1) By Product Type: Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Soy Flour, Grits, and Chunks
2) By Nature: Organic Soy Protein, Conventional Soy Protein
3) By Form: Powder, Ready To Drink, Bars, Capsules And Tablets, Other Forms
4) By Application: Bakery And Confectionery, Meat Alternatives, Functional Foods, Dairy Replacers, Infant Foods, Other Applications
5) By Distribution Channel: Specialty Store, Convenience Store, E-Commerce Or Online Sale Channel, Supermarket Or Hypermarket

Subsegments:
1) By Soy Protein Concentrates: Regular Soy Protein Concentrate, Instant Soy Protein Concentrate
2) By Soy Protein Isolates: Regular Soy Protein Isolate, Instant Soy Protein Isolate
3) By Textured Soy Protein: Textured Vegetable Protein (TVP), Soy Meat Alternatives
4) By Soy Flour: Defatted Soy Flour, Full-Fat Soy Flour
5) By Grits: Coarse Grits, Fine Grits
6) By Chunks: Soy Protein Chunks, Soy Protein Nuggets

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Which Companies Are Leading the Charge in Soy Protein Market Innovation?
Major companies operating in the soy protein market include 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, Krungthep Trading Co. Ltd, Bw Binyuy Holdings (Pty) Ltd, Solitude Global Impex, Nutra Healthcare, Curemax Pharma, STDM Food & Beverages Private Limited, Titan Biotech Ltd, Halcyon Proteins, WuXi Biologics, FOODCHEM, Sun Green Group, Alfa Laval, Shandong Yuxin Soybean Protein Co, Jinan Grace Industry Co. Ltd, The BakeRite Company, Soya UK, Ingredients UK, Bion Corporation, Lantmannen, Kerry Group PLC, Biesterfeld AG, A. Costantino & C. S.P.A, Sojaprotein, Green Wise, Welldone, Roquette, Salconserv, Latraps, Vaks, Sbfoodinno, Benson Hill, bun*ge Limited, DuPont de Nemours Inc, Green Labs LLC, Axiom Foods Inc, Ingredion Incorporated, Parabel, Burcon NutraScience Corporation, Glanbia plc, De Alimentos, Adm Do Brasil Ltda, Tomorrow Foods, Koita FZE, At Al Islami Foods, Blue Diamond Growers Inc, Daiya Foods Inc, Earth's Own Food Company Inc, Soy Africa Limited, Eden Foods Inc, Freedom Foods Group Ltd, The Hain Celestial Group Inc, Sunopta Inc.

Which Regions Are Leading the Global Soy Protein Market in Revenue?
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. The regions covered in the soy protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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