Soy Protein Market Driven by Growing Awareness about Sports Nutrition

Global Soy Protein Market is predicted to reach USD 10 billion at a CAGR of 7.1% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Soy Protein Market” that contains information from 2022 to 2030. The Global Soy Protein Market is estimated to register a CAGR of 7.1% during the forecast period of 2022 to 2030.

MRFR recognizes the following companies as the key players in the Global Soy Protein Market— Archer-Daniels-Midland Co, Ingredion, Solae, Dupont, Solbar, Cargill, and Gushen Biological Technology Group Co., Ltd.

Market Highlights

Global Soy Protein Market is accounted to register a CAGR of 7.1% during the forecast period and is estimated to reach USD 10 Billion by 2030.

Soy protein is a protein-rich substance derived from soybeans, a leguminous plant. It is a valuable source of protein with a well-balanced amino acid profile, making it a popular choice for vegetarian and vegan diets as well as for individuals seeking alternative protein sources. Soy protein can be extracted from soybeans through various processes, resulting in products such as soy protein isolate, soy protein concentrate, and textured soy protein. It is commonly used as an ingredient in various food products, including plant-based meat substitutes, protein bars, snacks, dairy alternatives, and nutritional supplements, due to its ability to provide essential amino acids and contribute to muscle growth and overall nutrition.

Segment Analysis

The Global Soy Protein Market has been segmented based on Type, Form, Application, and Distribution Channel.

Based on the Type, the market is segmented into Soy Protein Isolates, Soy Protein Concentrates, Soy Protein Flours, and Others. The dominance of the Soy Protein Isolates category in the Soy Protein market is attributed to its high protein content, versatile applications, and suitability for various food formulations, meeting the demand for concentrated and functional plant-based protein sources.

Based on the Form, the market is segmented into Powder, Bars, Ready to Drink, Capsules & Tablets, and Others. The dominance of the Powder category in the Soy Protein market is attributed to its convenience, ease of incorporation into a wide range of products, and versatility in providing plant-based protein enrichment.

Based on Application, the market is segmented into Functional Foods, Sports Nutrition, Meat Additives, Confectionery & Other Food Products, Pharmaceuticals, and Others. The dominance of the Functional Foods category in the Soy Protein market is attributed to the growing consumer preference for nutritious and protein-enriched food products that offer health benefits beyond basic nutrition.

Based on Distribution Channel, the market is segmented into Functional supermarkets/Hypermarkets, Convenience stores, E-commerce, and Others. The dominance of the Functional Supermarket/Hypermarket category in the Soy Protein market is attributed to the extensive availability, diverse product range, and consumer convenience in accessing soy protein-enriched products through well-established retail outlets.

Regional Analysis

The Global Soy Protein Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Soy Protein Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Soy Protein Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Soy Protein Market comprises of Middle East, Africa, and Latin America.

North America commands the largest market share, trailed by the Asia Pacific region. The surge in soy production across South America significantly contributes to America's global market dominance. In Europe, escalating demand for soy protein for various applications, particularly as functional food, propels the soy market. The Asia Pacific region is poised for substantial growth, fueled by heightened demand for premium soy protein, particularly in developing nations like China and India. Leading soy protein exporters encompass Brazil, the U.S., Argentina, and Canada.

Key Findings of the Study

• The Global Soy Protein Market is expected to reach USD 10 Billion by 2030, at a CAGR of 7.1% during the forecast period.


• The primary market share is held by the Americas, followed by the Asia Pacific region. The ascendancy of the Americas is attributed to amplified soy production in South America. In Europe, the burgeoning demand for soy protein, particularly as a functional food ingredient, propels the soy market.


• Based on the Application, the Market has been segmented into Functional Foods holding the largest market in 2022.


• Archer-Daniels-Midland Co, Ingredion, Solae, Dupont, Solbar, Cargill, and Gushen Biological Technology Group Co., Ltd.