Soy Protein Ingredients Market Research Report—Global Forecast till 2028

Global Soy Protein Ingredients Market: Information by Type (Soy Protein Concentrates, Soy Protein Isolates, Soy Flours, and Others), by Application(Food & Beverages, Feed, and Pharmaceuticals & Nutraceuticals), and Region (North America, Europe,Asia-Pacific, and Rest of the World)—Forecast till 2028

ID: MRFR/F-B & N/3548-CR | June 2021 | Region: Global | 110 Pages         


TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 16

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY TYPE 18

1.1.2 GLOBAL SOY PROTEIN INGREDIENTS MARKET, APPLICATION 19

1.1.3 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY REGION 20

2 MARKET INTRODUCTION 21

2.1 DEFINITION 21

2.2 SCOPE OF THE STUDY 21

2.3 RESEARCH OBJECTIVE 21

2.4 MARKET STRUCTURE 22

2.5 KEY BUYING CRITERIA 23

3 RESEARCH METHODOLOGY 24

3.1 RESEARCH PROCESS 24

3.2 PRIMARY RESEARCH 25

3.3 SECONDARY RESEARCH 26

3.4 MARKET SIZE ESTIMATION 26

3.5 FORECAST MODEL 28

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29

4 MARKET DYNAMICS 30

4.1 INTRODUCTION 30

4.2 DRIVERS 31

4.2.1 WIDENING APPLICATION SCOPE 31

4.2.2 RISING PREVALENCE OF LACTOSE INTOLERANCE 31

4.2.3 INCREASING ADOPTION OF VEGETARIAN AND VEGAN DIET 32

4.2.4 DRIVERS IMPACT ANALYSIS 32

4.3 RESTRAINT 33

4.3.1 ALLERGEN REACTION ASSOCIATED WITH SOY 33

4.3.2 RESTRAINT IMPACT ANALYSIS 33

4.4 OPPORTUNITIES 34

4.4.1 RISING ADOPTION OF PLANT-PROTEIN INGREDIENTS AMONG THE FOOD & BEVERAGES MANUFACTURERS 34

4.4.2 CONSUMER PREFERENCE FOR ORGANIC PROTEIN PRODUCTS 34

5 MARKET FACTOR ANALYSIS 35

5.1 VALUE CHAIN ANALYSIS 35

5.1.1 RAW MATERIAL PROCUREMENT 36

5.1.2 PROCESSING 36

5.1.3 PACKAGING 37

5.2 SUPPLY CHAIN ANALYSIS 38

5.3 PORTER’S FIVE FORCES MODEL 39

5.3.1 THREAT OF NEW ENTRANTS 39

5.3.2 BARGAINING POWER OF SUPPLIERS 40

5.3.3 BARGAINING POWER OF BUYERS 40

5.3.4 THREAT OF SUBSTITUTES 40

5.3.5 INTENSITY OF RIVALRY 40

6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL SOY PROTEIN INGREDIENTS MARKET 41

7 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY TYPE 44

7.1 OVERVIEW 44

7.1.1 GLOBAL SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 45

7.2 SOY PROTEIN CONCENTRATES 45

7.2.1 SOY PROTEIN CONCENTRATES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46

7.3 SOY PROTEIN ISOLATES 46

7.3.1 SOY PROTEIN ISOLATES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47

7.4 SOY FLOURS 47

7.4.1 SOY FLOURS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47

7.5 OTHERS 48

7.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 48

8 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION 49

8.1 OVERVIEW 49

8.1.1 GLOBAL SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 50

8.2 FOOD & BEVERAGES 50

8.2.1 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51

8.3 FEED 51

8.3.1 FEED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52

8.4 PHARMACEUTICALS & NUTRACEUTICALS 52

8.4.1 PHARMACEUTICALS & NUTRACEUTICALS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52

9 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY REGION 54

9.1 OVERVIEW 54

9.2 NORTH AMERICA 56

9.2.1 US 58

9.2.1.1 BY SEGMENTS 58

9.2.1.2 TYPE, BY APPLICATION 60

9.2.2 CANADA 64

9.2.2.1 BY SEGMENTS 64

9.2.2.2 TYPE, BY APPLICATION 65

9.2.3 MEXICO 68

9.2.3.1 BY SEGMENTS 68

9.2.3.2 TYPE, BY APPLICATION 70

9.3 EUROPE 74

9.3.1 GERMANY 76

9.3.1.1 BY SEGMENTS 76

9.3.1.2 TYPE, BY APPLICATION 78

9.3.2 UK 81

9.3.2.1 BY SEGMENTS 81

9.3.2.2 TYPE, BY APPLICATION 83

9.3.3 FRANCE 86

9.3.3.1 BY SEGMENTS 86

9.3.3.2 TYPE, BY APPLICATION 88

9.3.4 ITALY 91

9.3.4.1 BY SEGMENTS 91

9.3.4.2 TYPE, BY APPLICATION 93

9.3.5 SPAIN 96

9.3.5.1 BY SEGMENTS 96

9.3.5.2 TYPE, BY APPLICATION 98

9.3.6 REST OF EUROPE 101

9.3.6.1 BY SEGMENTS 101

9.3.6.2 TYPE, BY APPLICATION 103

9.4 ASIA-PACIFIC 107

9.4.1 CHINA 109

9.4.1.1 BY SEGMENTS 109

9.4.1.2 TYPE, BY APPLICATION 111

9.4.2 INDIA 114

9.4.2.1 BY SEGMENTS 114

9.4.2.2 TYPE, BY APPLICATION 116

9.4.3 JAPAN 119

9.4.3.1 BY SEGMENTS 119

9.4.3.2 TYPE, BY APPLICATION 121

9.4.4 AUSTRALIA & NEW ZEALAND 124

9.4.4.1 BY SEGMENTS 124

9.4.4.2 TYPE, BY APPLICATION 126

9.4.5 REST OF ASIA-PACIFIC 129

9.4.5.1 BY SEGMENTS 129

9.4.5.2 TYPE, BY APPLICATION 131

9.5 REST OF THE WORLD 135

9.5.1 SOUTH AMERICA 137

9.5.1.1 BY SEGMENTS 137

9.5.1.2 TYPE, BY APPLICATION 139

9.5.2 MIDDLE EAST 142

9.5.2.1 BY SEGMENTS 142

9.5.2.2 TYPE, BY APPLICATION 144

9.5.3 AFRICA 147

9.5.3.1 BY SEGMENTS 147

9.5.3.2 TYPE, BY APPLICATION 149

10 COMPETITIVE LANDSCAPE 153

10.1 INTRODUCTION 153

10.1.1 MARKET STRATEGY ANALYSIS 153

10.2 COMPETITIVE BENCHMARKING 154

10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 155

10.3.1 PRODUCT LAUNCH 155

10.3.2 EXPANSION 155

10.3.3 ACQUISITION 155

11 COMPANY PROFILES 156

11.1 ARCHER DANIELS MIDLAND COMPANY 156

11.1.1 COMPANY OVERVIEW 156

11.1.2 FINANCIAL OVERVIEW 157

11.1.3 PRODUCTS OFFERED 158

11.1.4 KEY DEVELOPMENTS 158

11.1.5 SWOT ANALYSIS 159

11.1.6 KEY STRATEGIES 159

11.2 DUPONT 160

11.2.1 COMPANY OVERVIEW 160

11.2.2 FINANCIAL OVERVIEW 161

11.2.3 PRODUCTS OFFERED 162

11.2.4 KEY DEVELOPMENTS 162

11.2.5 SWOT ANALYSIS 163

11.2.6 KEY STRATEGIES 163

11.3 CARGILL INCORPORATED 164

11.3.1 COMPANY OVERVIEW 164

11.3.2 FINANCIAL OVERVIEW 164

11.3.3 PRODUCTS OFFERED 165

11.3.4 KEY DEVELOPMENTS 165

11.3.5 SWOT ANALYSIS 165

11.3.6 KEY STRATEGIES 165

11.4 WILMAR INTERNATIONAL LIMITED 166

11.4.1 COMPANY OVERVIEW 166

11.4.2 FINANCIAL OVERVIEW 166

11.4.3 PRODUCTS OFFERED 167

11.4.4 KEY DEVELOPMENTS 167

11.4.5 KEY STRATEGIES 167

11.5 THE NISSHIN OILLIO GROUP, LTD 168

11.5.1 COMPANY OVERVIEW 168

11.5.2 FINANCIAL OVERVIEW 168

11.5.3 PRODUCTS OFFERED 169

11.5.4 KEY DEVELOPMENTS 169

11.5.5 KEY STRATEGIES 169

11.6 CHS INC. 170

11.6.1 COMPANY OVERVIEW 170

11.6.2 FINANCIAL OVERVIEW 170

11.6.3 PRODUCTS OFFERED 171

11.6.4 KEY DEVELOPMENTS 171

11.6.5 SWOT ANALYSIS 172

11.6.6 KEY STRATEGIES 172

11.7 DEVANSOY INC. 173

11.7.1 COMPANY OVERVIEW 173

11.7.2 FINANCIAL OVERVIEW 173

11.7.3 PRODUCTS OFFERED 173

11.7.4 KEY DEVELOPMENTS 173

11.7.5 KEY STRATEGIES 173

11.8 AG PROCESSING INC. 174

11.8.1 COMPANY OVERVIEW 174

11.8.2 FINANCIAL OVERVIEW 174

11.8.3 PRODUCTS OFFERED 174

11.8.4 KEY DEVELOPMENTS 175

11.8.5 KEY STRATEGIES 175

11.9 RUCHI SOYA INDUSTRIES LIMITED 176

11.9.1 COMPANY OVERVIEW 176

11.9.2 FINANCIAL OVERVIEW 176

11.9.3 PRODUCTS OFFERED 177

11.9.4 KEY DEVELOPMENTS 177

11.9.5 KEY STRATEGIES 177

11.10 NATURAL PRODUCTS, INC. 178

11.10.1 COMPANY OVERVIEW 178

11.10.2 FINANCIAL OVERVIEW 178

11.10.3 PRODUCTS OFFERED 178

11.10.4 KEY DEVELOPMENTS 178

11.10.5 KEY STRATEGIES 178

11.11 BIC SERVICES 179

11.11.1 COMPANY OVERVIEW 179

11.11.2 FINANCIAL OVERVIEW 179

11.11.3 PRODUCTS OFFERED 179

11.11.4 KEY DEVELOPMENTS 179

11.11.5 KEY STRATEGIES 179

11.12 GUSHEN BIOLOGICAL TECHNOLOGY GROUP CO., LTD 180

11.12.1 COMPANY OVERVIEW 180

11.12.2 FINANCIAL OVERVIEW 180

11.12.3 PRODUCTS OFFERED 180

11.12.4 KEY DEVELOPMENTS 180

11.12.5 KEY STRATEGIES 180

11.13 PARTNER-M 181

11.13.1 COMPANY OVERVIEW 181

11.13.2 FINANCIAL OVERVIEW 181

11.13.3 PRODUCTS OFFERED 181

11.13.4 KEY DEVELOPMENTS 181

11.13.5 KEY STRATEGIES 181

11.14 SONIC BIOCHEM 182

11.14.1 COMPANY OVERVIEW 182

11.14.2 FINANCIAL OVERVIEW 182

11.14.3 PRODUCTS OFFERED 182

11.14.4 KEY DEVELOPMENTS 183

11.14.5 SWOT ANALYSIS 184

11.14.6 KEY STRATEGIES 184

11.15 INTERNATIONAL FLAVORS & FRAGRANCES, INC. 185

11.15.1 COMPANY OVERVIEW 185

11.15.2 FINANCIAL OVERVIEW 185

11.15.3 PRODUCTS OFFERED 186

11.15.4 KEY DEVELOPMENTS 186

11.15.5 KEY STRATEGIES 186

12 REFERENCES 187

 

LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 25

TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 29

TABLE 3 FAT, PROTEIN, AND CALORIE CONTENT PROFILE OF VARIOUS MILK SOURCES 31

TABLE 4 GLOBAL SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 (USD MILLION) 45

TABLE 5 SOY PROTEIN CONCENTRATES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 46

TABLE 6 SOY PROTEIN ISOLATES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 47

TABLE 7 SOY FLOURS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 47

TABLE 8 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 48

TABLE 9 GLOBAL SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 (USD MILLION) 50

TABLE 10 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 51

TABLE 11 FEED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 52

TABLE 12 PHARMACEUTICALS & NUTRACEUTICALS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 52

TABLE 13 GLOBAL SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 55

TABLE 14 NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 56

TABLE 15 NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 57

TABLE 16 NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 57

TABLE 17 US: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 58

TABLE 18 US: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 59

TABLE 19 US: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 60

TABLE 20 US: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 61

TABLE 21 US: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 62

TABLE 22 US: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 63

TABLE 23 CANADA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 64

TABLE 24 CANADA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 64

TABLE 25 CANADA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 65

TABLE 26 CANADA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 66

TABLE 27 CANADA: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 67

TABLE 28 CANADA: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 68

TABLE 29 MEXICO: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 68

TABLE 30 MEXICO: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 69

TABLE 31 MEXICO: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 70

TABLE 32 MEXICO: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 71

TABLE 33 MEXICO: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 72

TABLE 34 MEXICO: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 73

TABLE 35 EUROPE: SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 74

TABLE 36 EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 75

TABLE 37 EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 75

TABLE 38 GERMANY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 76

TABLE 39 GERMANY: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 77

TABLE 40 GERMANY: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 78

TABLE 41 GERMANY: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 79

TABLE 42 GERMANY: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 80

TABLE 43 GERMANY: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 81

TABLE 44 UK: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 81

TABLE 45 UK: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 82

TABLE 46 UK: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 83

TABLE 47 UK: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 84

TABLE 48 UK: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 85

TABLE 49 UK: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 86

TABLE 50 FRANCE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 86

TABLE 51 FRANCE: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 87

TABLE 52 FRANCE: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 88

TABLE 53 FRANCE: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 89

TABLE 54 FRANCE: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 90

TABLE 55 FRANCE: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 91

TABLE 56 ITALY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 91

TABLE 57 ITALY: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 92

TABLE 58 ITALY: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 93

TABLE 59 ITALY: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 94

TABLE 60 ITALY: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 95

TABLE 61 ITALY: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 96

TABLE 62 SPAIN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 96

TABLE 63 SPAIN: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 97

TABLE 64 SPAIN: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 98

TABLE 65 SPAIN: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 99

TABLE 66 SPAIN: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 100

TABLE 67 SPAIN: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 101

TABLE 68 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 101

TABLE 69 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 102

TABLE 70 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 103

TABLE 71 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 104

TABLE 72 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 105

TABLE 73 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 106

TABLE 74 ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 107

TABLE 75 ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 108

TABLE 76 ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 109

TABLE 77 CHINA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 109

TABLE 78 CHINA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 110

TABLE 79 CHINA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 111

TABLE 80 CHINA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 112

TABLE 81 CHINA: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 113

TABLE 82 CHINA: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 114

TABLE 83 INDIA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 114

TABLE 84 INDIA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 115

TABLE 85 INDIA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 116

TABLE 86 INDIA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 117

TABLE 87 INDIA: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 118

TABLE 88 INDIA: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 119

TABLE 89 JAPAN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 119

TABLE 90 JAPAN: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 120

TABLE 91 JAPAN: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 121

TABLE 92 JAPAN: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 122

TABLE 93 JAPAN: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 123

TABLE 94 JAPAN: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 124

TABLE 95 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 124

TABLE 96 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 125

TABLE 97 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 126

TABLE 98 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 127

TABLE 99 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 128

TABLE 100 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 129

TABLE 101 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 129

TABLE 102 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 130

TABLE 103 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 131

TABLE 104 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 132

TABLE 105 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 133

TABLE 106 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 134

TABLE 107 REST OF THE WORLD: SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 135

TABLE 108 REST OF THE WORLD: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 136

TABLE 109 REST OF THE WORLD: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 136

TABLE 110 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 137

TABLE 111 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 138

TABLE 112 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 139

TABLE 113 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 140

TABLE 114 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 141

TABLE 115 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 142

TABLE 116 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 142

TABLE 117 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 143

TABLE 118 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 144

TABLE 119 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 145

TABLE 120 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 146

TABLE 121 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 147

TABLE 122 AFRICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 147

TABLE 123 AFRICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 148

TABLE 124 AFRICA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 149

TABLE 125 AFRICA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 150

TABLE 126 AFRICA: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 151

TABLE 127 AFRICA: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 152

TABLE 128 PRODUCT LAUNCH 155

TABLE 129 EXPANSION 155

TABLE 130 ACQUISITION 155

TABLE 131 ARCHER DANIELS MIDLAND COMPANY: PRODUCTS OFFERED 158

TABLE 132 ARCHER DANIELS MIDLAND COMPANY: KEY DEVELOPMENTS 158

TABLE 133 DUPONT: PRODUCTS OFFERED 162

TABLE 134 CARGILL INCORPORATED: PRODUCTS OFFERED 165

TABLE 135 WILMAR INTERNATIONAL LIMITED: PRODUCTS OFFERED 167

TABLE 136 THE NISSHIN OILLIO GROUP, LTD: PRODUCTS OFFERED 169

TABLE 137 CHS INC.: PRODUCTS OFFERED 171

TABLE 138 CHS INC.: KEY DEVELOPMENTS 171

TABLE 139 DEVANSOY INC.: PRODUCTS OFFERED 173

TABLE 140 AG PROCESSING INC.: PRODUCTS OFFERED 174

TABLE 141 RUCHI SOYA INDUSTRIES LIMITED: PRODUCTS OFFERED 177

TABLE 142 NATURAL PRODUCTS, INC.: PRODUCTS OFFERED 178

TABLE 143 BIC SERVICES: PRODUCTS OFFERED 179

TABLE 144 GUSHEN BIOLOGICAL TECHNOLOGY GROUP CO., LTD: PRODUCTS OFFERED 180

TABLE 145 PARTNER-M: PRODUCTS OFFERED 181

TABLE 146 SONIC BIOCHEM: PRODUCTS OFFERED 182

TABLE 147 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: PRODUCTS OFFERED 186

TABLE 148 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: KEY DEVELOPMENTS 186

 

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 16

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL SOY PROTEIN INGREDIENTS MARKET, 2020 17

FIGURE 3 GLOBAL SOY PROTEIN INGREDIENTS MARKET ANALYSIS, BY TYPE, 2020 18

FIGURE 4 GLOBAL SOY PROTEIN INGREDIENTS MARKET ANALYSIS, BY APPLICATION, 2020 19

FIGURE 5 GLOBAL SOY PROTEIN INGREDIENTS MARKET ANALYSIS, BY REGION, 2020 20

FIGURE 6 GLOBAL SOY PROTEIN INGREDIENTS MARKET: STRUCTURE 22

FIGURE 7 KEY BUYING CRITERIA FOR SOY PROTEIN INGREDIENTS 23

FIGURE 8 RESEARCH PROCESS 24

FIGURE 9 TOP-DOWN & BOTTOM-UP APPROACHES 27

FIGURE 10 MARKET DYNAMICS OVERVIEW 30

FIGURE 11 DRIVERS IMPACT ANALYSIS: GLOBAL SOY PROTEIN INGREDIENTS MARKET 32

FIGURE 12 RESTRAINT IMPACT ANALYSIS: GLOBAL SOY PROTEIN INGREDIENTS MARKET 33

FIGURE 13 VALUE CHAIN: GLOBAL SOY PROTEIN INGREDIENTS MARKET (SOY PROTEIN CONCENTRATES) 36

FIGURE 14 GLOBAL SOY PROTEIN INGREDIENTS MARKET: SUPPLY CHAIN ANALYSIS 38

FIGURE 15 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SOY PROTEIN INGREDIENTS MARKET 39

FIGURE 16 IMPACT OF THE COVID-19 OUTBREAK ON GLOBAL SOY PROTEIN INGREDIENTS MARKET 41

FIGURE 17 GLOBAL SOY PROTEIN INGREDIENTS MARKET: IMBALANCE OF SUPPLY/DEMAND 42

FIGURE 18 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2020 (% SHARE) 44

FIGURE 19 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 44

FIGURE 20 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2020 (% SHARE) 49

FIGURE 21 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 49

FIGURE 22 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2028 (USD MILLION) 54

FIGURE 23 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2020 (% SHARE) 54

FIGURE 24 NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 56

FIGURE 25 EUROPE: SOY PROTEIN INGREDIENTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 74

FIGURE 26 ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 107

FIGURE 27 REST OF THE WORLD: SOY PROTEIN INGREDIENTS MARKET SHARE, BY REGION, 2020 (% SHARE) 135

FIGURE 28 ARCHER DANIELS MIDLAND COMPANY: FINANCIAL OVERVIEW SNAPSHOT 157

FIGURE 29 ARCHER DANIELS MIDLAND COMPANY: SWOT ANALYSIS 159

FIGURE 30 DUPONT: FINANCIAL OVERVIEW SNAPSHOT 161

FIGURE 31 DUPONT: SWOT ANALYSIS 163

FIGURE 32 CARGILL INCORPORATED: FINANCIAL OVERVIEW SNAPSHOT 164

FIGURE 33 CARGILL INCORPORATED: SWOT ANALYSIS 165

FIGURE 34 WILMAR INTERNATIONAL LIMITED: FINANCIAL OVERVIEW SNAPSHOT 166

FIGURE 35 THE NISSHIN OILLIO GROUP, LTD: FINANCIAL OVERVIEW SNAPSHOT 168

FIGURE 36 CHS INC.: FINANCIAL OVERVIEW SNAPSHOT 170

FIGURE 37 CHS INC.: SWOT ANALYSIS 172

FIGURE 38 AG PROCESSING INC.: FINANCIAL OVERVIEW SNAPSHOT 174

FIGURE 39 RUCHI SOYA INDUSTRIES LIMITED: FINANCIAL OVERVIEW SNAPSHOT 176

FIGURE 40 SONIC BIOCHEM: SWOT ANALYSIS 184

FIGURE 41 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: FINANCIAL OVERVIEW SNAPSHOT 185


Soy Protein Ingredients Market

Soy protein ingredients market is projected to register a CAGR of 7.45% and reach a value of USD 13.55 billion by 2028.

$13.55 billion

Market Size


7.45%

CAGR


North America

Dominating Region

2020-2028

Forecast Period

Segmentation

By Type Soy Protein Concentrates Soy Protein Isolates Soy Flours
By Application Food & Beverages Feed And Pharmaceuticals & Nutraceuticals
By Region North America Europe Asia Pacific Rest Of The World

Key Players

  • Archer Daniels Midland Company (US)
  • DuPont (US)
  • Cargill Incorporated (US)
  • Wilmar International Limited (Singapore)
  • The Nisshin OilliO Group
  • Ltd (Japan)
  • CHS Inc. (US)
  • Devansoy Inc. (US)
  • Ag Processing Inc. (US)
  • Ruchi Soya Industries Limited (India)
  • Natural Products
  • Inc. (US)
  • BIC Services (Netherlands)

Drivers

  • IncreasingVegan Population
  • Increasing in the Production Process of Animal Feed
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Market Overview


The global soy protein ingredients market is projected to register a CAGR of 7.45% and reach a value of USD 13.55 billion by 2028. Soy protein ingredients are extracted from soybean. They are majorly available in three types including soy flour, soy protein isolates, and soy protein concentrate. Soy protein ingredients offer amino acids, which are important for human nutrition. On the other hand, soy protein ingredients are extensively used in feed products, including pet food,animal feed, and aqua feed. Soy protein ingredients have application in pharmaceuticals & nutraceuticals. Soy protein ingredients are considered one of the least expensive sources of protein.The increasing prevalence of lactose intolerance and rising consumer preference for a vegan and vegetarian diet is expected to drive the growth of the global soy protein ingredients market for the forecast period.


COVID-19 Impact Analysis


COVID-19 has created immense pressure across the retail stores, supermarkets & hypermarkets, and food suppliers. Vendors in the plant-based ingredients market are experiencing a hike in demand for plant-based products. Rising health concerns among consumers have led to a surge in the consumption of plant-based products, which boosts the sale of soy protein ingredients. According to ADM, one of the largest manufacturers of soy protein ingredients, consumers are drawing more attention to plant-based protein for itsnutritional benefits. Apart from nutritional benefits, they are also incorporating products having good texture and taste. Products formulated with soy or pea combined with beans, seeds or grains have gained more consumer attention due to their unique flavors. More than 18% of consumers purchased their first plant-based protein in the US due to COVID, and 92% of them reported to continue purchasing meat alternatives. Also, in the UK, Germany, and the Netherlands, 80% of consumers declared that they would continue to consume plant-based meat alternatives beyond COVID. These factors are expected to boost the sales of soy protein ingredients as an impact of COVID.


Market Dynamics


The widening application scope of soy protein ingredients is mainly driving the market growth. Also, the rising prevalence of lactose intolerance and growing consumer preference for a vegan and vegetarian diet is driving the growth of the global soy protein ingredients market. The growing adoption of plant-protein ingredients among the food & beverages manufacturers, followed by a shift in consumer preference toward organic ingredients, has created new opportunities for soy protein ingredient manufacturers. However, the allergen reaction associated with soy is restraining the growth of the market.


Drivers:



  • Widening Application Scope


The increasing demand for high-protein food products and dietary supplements has increased demand for soy protein ingredients. The growing adoption of plant-based proteins in these applications has contributed to the growth of the market. Soybean proteins are used in human foods in various forms, including flours, protein isolates and concentrates, and textured fibers. Soy foods include drinks, cheese, tempeh, miso,salami, tofu,and vegetarian meat substitutes. Consumption of soy foods is growing, owing to the increasing awareness among consumers about its beneficial effects on human nutrition and health. Moreover, due to changing attitudes of consumers, processors, and regulatory agencies, soy protein products are being used at an increasing rate in various processed meat systems. The widening application scope of soy protein ingredients drive the growth of the market for the forecast period.


Restraint:



  • Allergen Reaction Associated with Soy


According to the American College of Allergy, Asthma & Immunology, soy is one of the eight allergens falling under the labeling requirements of the Food Allergen Labeling and Consumer Protection Act of 2004. The allergic reactions caused due to the consumption of soy can range from mild to severe symptoms with mild symptoms such as vomiting, stomach cramps, diarrhea, hives or itching in and around the mouth to severe life-threatening symptoms such as anaphylaxis. As per Food Allergy Research & Education (FARE), soy allergy is more common in infants and young children than in older children, and approximately 0.4% of infants in the US have a soy allergy. This is a major factor that is hindering the growth of the global soy protein ingredients market.


Opportunities:



  • Rising Adoption of Plant-Protein Ingredients Among the Food & Beverages Manufacturers


The global soy protein ingredients market has seen many product line expansions in recent years. Increased R&D expenditures and technological advances have led to the emergence of innovative products in the market. With the growing stability of the vegetarian population at the global level, and the assurance of the steady and mature vegetarian market in developed countries such as the UK, the US, Germany & France, the food & beverages manufacturers have started concentrating more on the different plant-based product options and developing products with plant sources flavors. Many companies are expanding their consumer appeal by focusing on plant protein ingredients and staying away from animal ingredients wherever possible. With continuous product innovations and product launches of plant-based food, the global market size of soy protein ingredients is projected to gain tremendous growth in the coming years.


Segment Overview


By Type


By type, the global soy protein ingredients market has been segmented as soy protein concentrates, soy protein isolates, soy flours, and others. Soy protein concentratesare further divided intopowder and textured soy concentrate. The soy protein concentrates segment accounted for the largest market share of 40.97% in 2020and is projected to register a decent CAGR of 4.65% during the forecast period.Soy protein concentrates are prepared by removing soluble carbohydrate fractions as well as some flavor compounds from a defatted meal.


By Application


Based on application, the global soy protein ingredients market has been segmented into food & beverages, feed, and pharmaceuticals & nutraceuticals. The food& beverages segment is further segmented into bakery & confectionery, meat alternatives, meat products, functional foods, dairy replacement products, infant nutrition, and others. The feed segment is further segmented into animal feed, pet food, and aqua feed. The food & beverages segment accounted for the major market share in 2020. The meat products sub-segment accounted for the major market share in 2020 and is projected to register a CAGR of 7.45% during the forecast period.


Soy protein ingredients find widespread application in food & beverages. Consumer inclination toward protein-rich food products is driving the growth of the segment. The rising adoption of veganism has led to an increase in the consumption of soy protein ingredients in the food industry. Moreover, wheat flour is being replaced by soy flour in the food industry owing to the increasing demand for gluten-free products.


Global Soy Protein Ingredients Market Share, by Region, 2020 (%)


Source: MRFR Analysis


Regional Analysis


By region, the global soy protein ingredients market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World.North America accounted for the largest market share of 33.58% in 2020, and is expected to register a CAGR of 4.37% during the forecast period. Europe was the second-largest market in 2020, valued at USD 2,606.58 million; the market is projected to exhibit moderate growth during the forecast period. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period.


North America Market


North America accounted for the highest market share of 33.58% of the soy protein ingredients market in 2020. The market in the region is expected to register a CAGR of 7.45% during the forecast period. The increasing demand for soy protein ingredients in the region is attributed mainly to the rise in demand for healthy diets and nutritional foods. Growing veganism and a plant-based diet is growing across North America. According to MRFR analysis, more than 9.5 million individuals in the US currently consume plant-based food products. According to the Good Food Institute and Plant-Based Foods Association data, the consumption of plant-based food products in the US, such as meat alternatives, plant-based eggs, and dairy alternatives, has outpaced conventional animal products and is growing six-times faster compared to animal products consumption. This has been a major growth driver for the soy protein ingredients market in North America.


Asia-Pacific Market


Asia-Pacific is expected to be an attractive regional market for producers of soy protein ingredients during the review period.  The region accounted for 23.63% of the soy protein ingredients market in 2020 and is further projected to register the highest CAGR of 5.01% during the forecast period, 2021–2028. China is the leading country-level market in the region, accounting for the largest market share during the review period.


Competitive Landscape


Archer Daniels Midland Company (US), DuPont (US), Cargill Incorporated (US), Wilmar International Limited (Singapore), The Nisshin OilliO Group, Ltd (Japan), CHS Inc. (US), Devansoy Inc. (US), Ag Processing Inc. (US), Ruchi Soya Industries Limited (India), Natural Products, Inc. (US), BIC Services (Netherlands), Gushen Biological Technology Group Co., Ltd (China), Partner-M (Russia), Sonic Biochem (India), and International Flavors & Fragrances Inc. (US) are the key market players. The market comprises tier-1 players along with some local players with diverse product portfolios. Companies such as Archer Daniels Midland Company, Cargill Incorporated, Dupont, CHS Inc., and Sonic Biochem dominate the market due to brand reputation, product differentiation, financial stability, and a strong distribution network.


Recent Developments


Few developments occurred in recent times, influencing the market growth of soy protein ingredients market are listed below:



  • In April 2021, ADM announced the opening of its new cutting-edge plant-based innovation hub in Singapore. The facility is located in ADM's Biopolis research hub. The new facility will provide tailor-made solutions based on proteins and texturing ingredients along with flavor specialists for Asian customers.

  • In May 2019,ADM launched a range of soy concentrate named Arcon with an aim to expand its product offerings for meat applications. The company also developed a vegetarian and vegan alternative based on Textura and Arcon,

  • In May 2018, Frutarom (IFF) announced the acquisition of Brazil-based Bremil group. The company provides savory solutions with an emphasis on convenience foods, prepared foods and processed meats. With this acquisition, the company aims at expanding its presence in Brazil.


Scope of the Report


Global Soy Protein Ingredients Market, by Type



  • Soy Protein Concentrates

    • Powder

    • Textured Soy Concentrate



  • Soy Protein Isolates

  • Soy Flours

  • Others


Global Soy Protein Ingredients Market, by Application



  • Food & Beverages

    • Bakery & Confectionery

    • Meat Alternatives

    • Meat Products

    • Functional Foods

    • Dairy Replacement Products

    • Infant Nutrition

    • Others



  • Feed

    • Animal Feed

    • Pet Food

    • Aqua Feed




Global Soy Protein Ingredients Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World

    • South America

    • Middle East

    • Africa




Intended Audience



  • Soy manufacturers

  • Soy protein manufacturers

  • Raw Material Suppliers

  • Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts

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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 16
1.1 MARKET ATTRACTIVENESS ANALYSIS 17
1.1.1 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY TYPE 18
1.1.2 GLOBAL SOY PROTEIN INGREDIENTS MARKET, APPLICATION 19
1.1.3 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY REGION 20
2 MARKET INTRODUCTION 21
2.1 DEFINITION 21
2.2 SCOPE OF THE STUDY 21
2.3 RESEARCH OBJECTIVE 21
2.4 MARKET STRUCTURE 22
2.5 KEY BUYING CRITERIA 23
3 RESEARCH METHODOLOGY 24
3.1 RESEARCH PROCESS 24
3.2 PRIMARY RESEARCH 25
3.3 SECONDARY RESEARCH 26
3.4 MARKET SIZE ESTIMATION 26
3.5 FORECAST MODEL 28
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29
4 MARKET DYNAMICS 30
4.1 INTRODUCTION 30
4.2 DRIVERS 31
4.2.1 WIDENING APPLICATION SCOPE 31
4.2.2 RISING PREVALENCE OF LACTOSE INTOLERANCE 31
4.2.3 INCREASING ADOPTION OF VEGETARIAN AND VEGAN DIET 32
4.2.4 DRIVERS IMPACT ANALYSIS 32
4.3 RESTRAINT 33
4.3.1 ALLERGEN REACTION ASSOCIATED WITH SOY 33
4.3.2 RESTRAINT IMPACT ANALYSIS 33
4.4 OPPORTUNITIES 34
4.4.1 RISING ADOPTION OF PLANT-PROTEIN INGREDIENTS AMONG THE FOOD & BEVERAGES MANUFACTURERS 34
4.4.2 CONSUMER PREFERENCE FOR ORGANIC PROTEIN PRODUCTS 34
5 MARKET FACTOR ANALYSIS 35
5.1 VALUE CHAIN ANALYSIS 35
5.1.1 RAW MATERIAL PROCUREMENT 36
5.1.2 PROCESSING 36
5.1.3 PACKAGING 37
5.2 SUPPLY CHAIN ANALYSIS 38
5.3 PORTER’S FIVE FORCES MODEL 39
5.3.1 THREAT OF NEW ENTRANTS 39
5.3.2 BARGAINING POWER OF SUPPLIERS 40
5.3.3 BARGAINING POWER OF BUYERS 40
5.3.4 THREAT OF SUBSTITUTES 40
5.3.5 INTENSITY OF RIVALRY 40
6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL SOY PROTEIN INGREDIENTS MARKET 41
7 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY TYPE 44
7.1 OVERVIEW 44
7.1.1 GLOBAL SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 45
7.2 SOY PROTEIN CONCENTRATES 45
7.2.1 SOY PROTEIN CONCENTRATES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46
7.3 SOY PROTEIN ISOLATES 46
7.3.1 SOY PROTEIN ISOLATES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47
7.4 SOY FLOURS 47
7.4.1 SOY FLOURS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47
7.5 OTHERS 48
7.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 48
8 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION 49
8.1 OVERVIEW 49
8.1.1 GLOBAL SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 50
8.2 FOOD & BEVERAGES 50
8.2.1 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51
8.3 FEED 51
8.3.1 FEED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52
8.4 PHARMACEUTICALS & NUTRACEUTICALS 52
8.4.1 PHARMACEUTICALS & NUTRACEUTICALS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52
9 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY REGION 54
9.1 OVERVIEW 54
9.2 NORTH AMERICA 56
9.2.1 US 58
9.2.1.1 BY SEGMENTS 58
9.2.1.2 TYPE, BY APPLICATION 60
9.2.2 CANADA 64
9.2.2.1 BY SEGMENTS 64
9.2.2.2 TYPE, BY APPLICATION 65
9.2.3 MEXICO 68
9.2.3.1 BY SEGMENTS 68
9.2.3.2 TYPE, BY APPLICATION 70
9.3 EUROPE 74
9.3.1 GERMANY 76
9.3.1.1 BY SEGMENTS 76
9.3.1.2 TYPE, BY APPLICATION 78
9.3.2 UK 81
9.3.2.1 BY SEGMENTS 81
9.3.2.2 TYPE, BY APPLICATION 83
9.3.3 FRANCE 86
9.3.3.1 BY SEGMENTS 86
9.3.3.2 TYPE, BY APPLICATION 88
9.3.4 ITALY 91
9.3.4.1 BY SEGMENTS 91
9.3.4.2 TYPE, BY APPLICATION 93
9.3.5 SPAIN 96
9.3.5.1 BY SEGMENTS 96
9.3.5.2 TYPE, BY APPLICATION 98
9.3.6 REST OF EUROPE 101
9.3.6.1 BY SEGMENTS 101
9.3.6.2 TYPE, BY APPLICATION 103
9.4 ASIA-PACIFIC 107
9.4.1 CHINA 109
9.4.1.1 BY SEGMENTS 109
9.4.1.2 TYPE, BY APPLICATION 111
9.4.2 INDIA 114
9.4.2.1 BY SEGMENTS 114
9.4.2.2 TYPE, BY APPLICATION 116
9.4.3 JAPAN 119
9.4.3.1 BY SEGMENTS 119
9.4.3.2 TYPE, BY APPLICATION 121
9.4.4 AUSTRALIA & NEW ZEALAND 124
9.4.4.1 BY SEGMENTS 124
9.4.4.2 TYPE, BY APPLICATION 126
9.4.5 REST OF ASIA-PACIFIC 129
9.4.5.1 BY SEGMENTS 129
9.4.5.2 TYPE, BY APPLICATION 131
9.5 REST OF THE WORLD 135
9.5.1 SOUTH AMERICA 137
9.5.1.1 BY SEGMENTS 137
9.5.1.2 TYPE, BY APPLICATION 139
9.5.2 MIDDLE EAST 142
9.5.2.1 BY SEGMENTS 142
9.5.2.2 TYPE, BY APPLICATION 144
9.5.3 AFRICA 147
9.5.3.1 BY SEGMENTS 147
9.5.3.2 TYPE, BY APPLICATION 149
10 COMPETITIVE LANDSCAPE 153
10.1 INTRODUCTION 153
10.1.1 MARKET STRATEGY ANALYSIS 153
10.2 COMPETITIVE BENCHMARKING 154
10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 155
10.3.1 PRODUCT LAUNCH 155
10.3.2 EXPANSION 155
10.3.3 ACQUISITION 155
11 COMPANY PROFILES 156
11.1 ARCHER DANIELS MIDLAND COMPANY 156
11.1.1 COMPANY OVERVIEW 156
11.1.2 FINANCIAL OVERVIEW 157
11.1.3 PRODUCTS OFFERED 158
11.1.4 KEY DEVELOPMENTS 158
11.1.5 SWOT ANALYSIS 159
11.1.6 KEY STRATEGIES 159
11.2 DUPONT 160
11.2.1 COMPANY OVERVIEW 160
11.2.2 FINANCIAL OVERVIEW 161
11.2.3 PRODUCTS OFFERED 162
11.2.4 KEY DEVELOPMENTS 162
11.2.5 SWOT ANALYSIS 163
11.2.6 KEY STRATEGIES 163
11.3 CARGILL INCORPORATED 164
11.3.1 COMPANY OVERVIEW 164
11.3.2 FINANCIAL OVERVIEW 164
11.3.3 PRODUCTS OFFERED 165
11.3.4 KEY DEVELOPMENTS 165
11.3.5 SWOT ANALYSIS 165
11.3.6 KEY STRATEGIES 165
11.4 WILMAR INTERNATIONAL LIMITED 166
11.4.1 COMPANY OVERVIEW 166
11.4.2 FINANCIAL OVERVIEW 166
11.4.3 PRODUCTS OFFERED 167
11.4.4 KEY DEVELOPMENTS 167
11.4.5 KEY STRATEGIES 167
11.5 THE NISSHIN OILLIO GROUP, LTD 168
11.5.1 COMPANY OVERVIEW 168
11.5.2 FINANCIAL OVERVIEW 168
11.5.3 PRODUCTS OFFERED 169
11.5.4 KEY DEVELOPMENTS 169
11.5.5 KEY STRATEGIES 169
11.6 CHS INC. 170
11.6.1 COMPANY OVERVIEW 170
11.6.2 FINANCIAL OVERVIEW 170
11.6.3 PRODUCTS OFFERED 171
11.6.4 KEY DEVELOPMENTS 171
11.6.5 SWOT ANALYSIS 172
11.6.6 KEY STRATEGIES 172
11.7 DEVANSOY INC. 173
11.7.1 COMPANY OVERVIEW 173
11.7.2 FINANCIAL OVERVIEW 173
11.7.3 PRODUCTS OFFERED 173
11.7.4 KEY DEVELOPMENTS 173
11.7.5 KEY STRATEGIES 173
11.8 AG PROCESSING INC. 174
11.8.1 COMPANY OVERVIEW 174
11.8.2 FINANCIAL OVERVIEW 174
11.8.3 PRODUCTS OFFERED 174
11.8.4 KEY DEVELOPMENTS 175
11.8.5 KEY STRATEGIES 175
11.9 RUCHI SOYA INDUSTRIES LIMITED 176
11.9.1 COMPANY OVERVIEW 176
11.9.2 FINANCIAL OVERVIEW 176
11.9.3 PRODUCTS OFFERED 177
11.9.4 KEY DEVELOPMENTS 177
11.9.5 KEY STRATEGIES 177
11.10 NATURAL PRODUCTS, INC. 178
11.10.1 COMPANY OVERVIEW 178
11.10.2 FINANCIAL OVERVIEW 178
11.10.3 PRODUCTS OFFERED 178
11.10.4 KEY DEVELOPMENTS 178
11.10.5 KEY STRATEGIES 178
11.11 BIC SERVICES 179
11.11.1 COMPANY OVERVIEW 179
11.11.2 FINANCIAL OVERVIEW 179
11.11.3 PRODUCTS OFFERED 179
11.11.4 KEY DEVELOPMENTS 179
11.11.5 KEY STRATEGIES 179
11.12 GUSHEN BIOLOGICAL TECHNOLOGY GROUP CO., LTD 180
11.12.1 COMPANY OVERVIEW 180
11.12.2 FINANCIAL OVERVIEW 180
11.12.3 PRODUCTS OFFERED 180
11.12.4 KEY DEVELOPMENTS 180
11.12.5 KEY STRATEGIES 180
11.13 PARTNER-M 181
11.13.1 COMPANY OVERVIEW 181
11.13.2 FINANCIAL OVERVIEW 181
11.13.3 PRODUCTS OFFERED 181
11.13.4 KEY DEVELOPMENTS 181
11.13.5 KEY STRATEGIES 181
11.14 SONIC BIOCHEM 182
11.14.1 COMPANY OVERVIEW 182
11.14.2 FINANCIAL OVERVIEW 182
11.14.3 PRODUCTS OFFERED 182
11.14.4 KEY DEVELOPMENTS 183
11.14.5 SWOT ANALYSIS 184
11.14.6 KEY STRATEGIES 184
11.15 INTERNATIONAL FLAVORS & FRAGRANCES, INC. 185
11.15.1 COMPANY OVERVIEW 185
11.15.2 FINANCIAL OVERVIEW 185
11.15.3 PRODUCTS OFFERED 186
11.15.4 KEY DEVELOPMENTS 186
11.15.5 KEY STRATEGIES 186
12 REFERENCES 187
 
LIST OF TABLES
TABLE 1 PRIMARY INTERVIEWS 25
TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 29
TABLE 3 FAT, PROTEIN, AND CALORIE CONTENT PROFILE OF VARIOUS MILK SOURCES 31
TABLE 4 GLOBAL SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 (USD MILLION) 45
TABLE 5 SOY PROTEIN CONCENTRATES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 46
TABLE 6 SOY PROTEIN ISOLATES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 47
TABLE 7 SOY FLOURS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 47
TABLE 8 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 48
TABLE 9 GLOBAL SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 (USD MILLION) 50
TABLE 10 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 51
TABLE 11 FEED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 52
TABLE 12 PHARMACEUTICALS & NUTRACEUTICALS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 52
TABLE 13 GLOBAL SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 55
TABLE 14 NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 56
TABLE 15 NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 57
TABLE 16 NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 57
TABLE 17 US: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 58
TABLE 18 US: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 59
TABLE 19 US: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 60
TABLE 20 US: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 61
TABLE 21 US: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 62
TABLE 22 US: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 63
TABLE 23 CANADA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 64
TABLE 24 CANADA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 64
TABLE 25 CANADA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 65
TABLE 26 CANADA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 66
TABLE 27 CANADA: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 67
TABLE 28 CANADA: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 68
TABLE 29 MEXICO: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 68
TABLE 30 MEXICO: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 69
TABLE 31 MEXICO: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 70
TABLE 32 MEXICO: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 71
TABLE 33 MEXICO: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 72
TABLE 34 MEXICO: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 73
TABLE 35 EUROPE: SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 74
TABLE 36 EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 75
TABLE 37 EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 75
TABLE 38 GERMANY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 76
TABLE 39 GERMANY: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 77
TABLE 40 GERMANY: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 78
TABLE 41 GERMANY: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 79
TABLE 42 GERMANY: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 80
TABLE 43 GERMANY: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 81
TABLE 44 UK: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 81
TABLE 45 UK: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 82
TABLE 46 UK: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 83
TABLE 47 UK: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 84
TABLE 48 UK: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 85
TABLE 49 UK: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 86
TABLE 50 FRANCE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 86
TABLE 51 FRANCE: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 87
TABLE 52 FRANCE: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 88
TABLE 53 FRANCE: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 89
TABLE 54 FRANCE: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 90
TABLE 55 FRANCE: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 91
TABLE 56 ITALY: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 91
TABLE 57 ITALY: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 92
TABLE 58 ITALY: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 93
TABLE 59 ITALY: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 94
TABLE 60 ITALY: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 95
TABLE 61 ITALY: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 96
TABLE 62 SPAIN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 96
TABLE 63 SPAIN: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 97
TABLE 64 SPAIN: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 98
TABLE 65 SPAIN: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 99
TABLE 66 SPAIN: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 100
TABLE 67 SPAIN: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 101
TABLE 68 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 101
TABLE 69 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 102
TABLE 70 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 103
TABLE 71 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 104
TABLE 72 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 105
TABLE 73 REST OF EUROPE: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 106
TABLE 74 ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 107
TABLE 75 ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 108
TABLE 76 ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 109
TABLE 77 CHINA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 109
TABLE 78 CHINA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 110
TABLE 79 CHINA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 111
TABLE 80 CHINA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 112
TABLE 81 CHINA: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 113
TABLE 82 CHINA: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 114
TABLE 83 INDIA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 114
TABLE 84 INDIA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 115
TABLE 85 INDIA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 116
TABLE 86 INDIA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 117
TABLE 87 INDIA: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 118
TABLE 88 INDIA: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 119
TABLE 89 JAPAN: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 119
TABLE 90 JAPAN: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 120
TABLE 91 JAPAN: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 121
TABLE 92 JAPAN: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 122
TABLE 93 JAPAN: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 123
TABLE 94 JAPAN: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 124
TABLE 95 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 124
TABLE 96 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 125
TABLE 97 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 126
TABLE 98 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 127
TABLE 99 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 128
TABLE 100 AUSTRALIA & NEW ZEALAND: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 129
TABLE 101 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 129
TABLE 102 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 130
TABLE 103 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 131
TABLE 104 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 132
TABLE 105 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 133
TABLE 106 REST OF ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 134
TABLE 107 REST OF THE WORLD: SOY PROTEIN INGREDIENTS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 135
TABLE 108 REST OF THE WORLD: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 136
TABLE 109 REST OF THE WORLD: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 136
TABLE 110 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 137
TABLE 111 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 138
TABLE 112 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 139
TABLE 113 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 140
TABLE 114 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 141
TABLE 115 SOUTH AMERICA: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 142
TABLE 116 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 142
TABLE 117 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 143
TABLE 118 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 144
TABLE 119 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 145
TABLE 120 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 146
TABLE 121 MIDDLE EAST: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 147
TABLE 122 AFRICA: SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 147
TABLE 123 AFRICA: SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 148
TABLE 124 AFRICA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN CONCENTRATES BY APPLICATION, 2019–2028 (USD MILLION) 149
TABLE 125 AFRICA: SOY PROTEIN INGREDIENTS MARKET, SOY PROTEIN ISOLATES BY APPLICATION, 2019–2028 (USD MILLION) 150
TABLE 126 AFRICA: SOY PROTEIN INGREDIENTS MARKET, SOY FLOURS BY APPLICATION, 2019–2028 (USD MILLION) 151
TABLE 127 AFRICA: SOY PROTEIN INGREDIENTS MARKET, OTHERS BY APPLICATION, 2019–2028 (USD MILLION) 152
TABLE 128 PRODUCT LAUNCH 155
TABLE 129 EXPANSION 155
TABLE 130 ACQUISITION 155
TABLE 131 ARCHER DANIELS MIDLAND COMPANY: PRODUCTS OFFERED 158
TABLE 132 ARCHER DANIELS MIDLAND COMPANY: KEY DEVELOPMENTS 158
TABLE 133 DUPONT: PRODUCTS OFFERED 162
TABLE 134 CARGILL INCORPORATED: PRODUCTS OFFERED 165
TABLE 135 WILMAR INTERNATIONAL LIMITED: PRODUCTS OFFERED 167
TABLE 136 THE NISSHIN OILLIO GROUP, LTD: PRODUCTS OFFERED 169
TABLE 137 CHS INC.: PRODUCTS OFFERED 171
TABLE 138 CHS INC.: KEY DEVELOPMENTS 171
TABLE 139 DEVANSOY INC.: PRODUCTS OFFERED 173
TABLE 140 AG PROCESSING INC.: PRODUCTS OFFERED 174
TABLE 141 RUCHI SOYA INDUSTRIES LIMITED: PRODUCTS OFFERED 177
TABLE 142 NATURAL PRODUCTS, INC.: PRODUCTS OFFERED 178
TABLE 143 BIC SERVICES: PRODUCTS OFFERED 179
TABLE 144 GUSHEN BIOLOGICAL TECHNOLOGY GROUP CO., LTD: PRODUCTS OFFERED 180
TABLE 145 PARTNER-M: PRODUCTS OFFERED 181
TABLE 146 SONIC BIOCHEM: PRODUCTS OFFERED 182
TABLE 147 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: PRODUCTS OFFERED 186
TABLE 148 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: KEY DEVELOPMENTS 186
 
LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS 16
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL SOY PROTEIN INGREDIENTS MARKET, 2020 17
FIGURE 3 GLOBAL SOY PROTEIN INGREDIENTS MARKET ANALYSIS, BY TYPE, 2020 18
FIGURE 4 GLOBAL SOY PROTEIN INGREDIENTS MARKET ANALYSIS, BY APPLICATION, 2020 19
FIGURE 5 GLOBAL SOY PROTEIN INGREDIENTS MARKET ANALYSIS, BY REGION, 2020 20
FIGURE 6 GLOBAL SOY PROTEIN INGREDIENTS MARKET: STRUCTURE 22
FIGURE 7 KEY BUYING CRITERIA FOR SOY PROTEIN INGREDIENTS 23
FIGURE 8 RESEARCH PROCESS 24
FIGURE 9 TOP-DOWN & BOTTOM-UP APPROACHES 27
FIGURE 10 MARKET DYNAMICS OVERVIEW 30
FIGURE 11 DRIVERS IMPACT ANALYSIS: GLOBAL SOY PROTEIN INGREDIENTS MARKET 32
FIGURE 12 RESTRAINT IMPACT ANALYSIS: GLOBAL SOY PROTEIN INGREDIENTS MARKET 33
FIGURE 13 VALUE CHAIN: GLOBAL SOY PROTEIN INGREDIENTS MARKET (SOY PROTEIN CONCENTRATES) 36
FIGURE 14 GLOBAL SOY PROTEIN INGREDIENTS MARKET: SUPPLY CHAIN ANALYSIS 38
FIGURE 15 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SOY PROTEIN INGREDIENTS MARKET 39
FIGURE 16 IMPACT OF THE COVID-19 OUTBREAK ON GLOBAL SOY PROTEIN INGREDIENTS MARKET 41
FIGURE 17 GLOBAL SOY PROTEIN INGREDIENTS MARKET: IMBALANCE OF SUPPLY/DEMAND 42
FIGURE 18 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2020 (% SHARE) 44
FIGURE 19 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY TYPE, 2019–2028 (USD MILLION) 44
FIGURE 20 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2020 (% SHARE) 49
FIGURE 21 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 49
FIGURE 22 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2019–2028 (USD MILLION) 54
FIGURE 23 GLOBAL SOY PROTEIN INGREDIENTS MARKET, BY REGION, 2020 (% SHARE) 54
FIGURE 24 NORTH AMERICA: SOY PROTEIN INGREDIENTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 56
FIGURE 25 EUROPE: SOY PROTEIN INGREDIENTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 74
FIGURE 26 ASIA-PACIFIC: SOY PROTEIN INGREDIENTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 107
FIGURE 27 REST OF THE WORLD: SOY PROTEIN INGREDIENTS MARKET SHARE, BY REGION, 2020 (% SHARE) 135
FIGURE 28 ARCHER DANIELS MIDLAND COMPANY: FINANCIAL OVERVIEW SNAPSHOT 157
FIGURE 29 ARCHER DANIELS MIDLAND COMPANY: SWOT ANALYSIS 159
FIGURE 30 DUPONT: FINANCIAL OVERVIEW SNAPSHOT 161
FIGURE 31 DUPONT: SWOT ANALYSIS 163
FIGURE 32 CARGILL INCORPORATED: FINANCIAL OVERVIEW SNAPSHOT 164
FIGURE 33 CARGILL INCORPORATED: SWOT ANALYSIS 165
FIGURE 34 WILMAR INTERNATIONAL LIMITED: FINANCIAL OVERVIEW SNAPSHOT 166
FIGURE 35 THE NISSHIN OILLIO GROUP, LTD: FINANCIAL OVERVIEW SNAPSHOT 168
FIGURE 36 CHS INC.: FINANCIAL OVERVIEW SNAPSHOT 170
FIGURE 37 CHS INC.: SWOT ANALYSIS 172
FIGURE 38 AG PROCESSING INC.: FINANCIAL OVERVIEW SNAPSHOT 174
FIGURE 39 RUCHI SOYA INDUSTRIES LIMITED: FINANCIAL OVERVIEW SNAPSHOT 176
FIGURE 40 SONIC BIOCHEM: SWOT ANALYSIS 184
FIGURE 41 INTERNATIONAL FLAVORS & FRAGRANCES, INC.: FINANCIAL OVERVIEW SNAPSHOT 185