Soy Protein Market Research Report - Forecast to 2030

Soy Protein Market Information- by Type (Soy Protein Isolates, Soy Protein Concentrates, Soy Protein Flours and Others), by Form (Powder, Bars, Ready to Drink, Capsules & Tablets and Others), by Application (Functional Foods, Sports Nutrition, Meat Additives, Confectionery & Other Food Products, Pharmaceuticals and Others), by Distribution Channel (Supermarket/Hypermarket, Convenience store, E-commerce and Others) and Region - Forecast to 2030

ID: MRFR/F-B & N/2318-HCR | 110 Pages | Published By Sakshi Gupta on April 2023         

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Soy Protein Market

Soy Protein Market is expected to grow USD 10 Billion at a CAGR of 7.1% during the forecast 2022-2030

By Type Soy Protein Isolates Soy Protein Concentrates Soy Protein Flours
By Form Powder Bars Ready to Drink Capsules & Tablets
By Application Functional Foods Sports Nutrition Meat Additives Confectionery & Other Food Products Pharmaceuticals
By Distribution Channel Supermarket/Hypermarket Convenience store E-commerce
Key Players
Companies Profiled   Archer-Daniels-Midland Co. (U.S.)    Ingredion (U.S.)    Solae (U.S.)    Dupont (U.S.)    Solbar (Israel)    Cargill (U.S.)    Gushen Biological Technology Group Co. Ltd (China)
Market Driving Forces   Soy Protein Application in Sport Nutrition E-Commerce Segment Will Witness Higher Growth Rate
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Soy Protein Market Scenario

Soy protein market is expected to grow USD 10 billion at a CAGR of 7.1% during the forecast 2022-2030. Soy protein is a protein that is separated from soybean. It is produced using soybean that has been dehulled and defatted. Dehulled and defatted soybeans are handled into three sorts of high protein items i.e. soy flour, focuses, and disconnects. Majority of soy protein used in different food preparation that includes meat analogues, infant formula, frozen desserts, salad dressing and many more. Soy protein isolates holds the major market share which mainly use to improve texture of food products and usually found combined with other food ingredients. Availability of soy protein in different forms and in different packaging is changing the dynamics of soy protein market from last few years.

Key Players

The key players profiled in the Soy Protein Market are Archer-Daniels-Midland Co. (U.S.), Ingredion (U.S.), Solae (U.S.), Dupont (U.S.), Solbar (Israel), Cargill (U.S.) and Gushen Biological Technology Group Co., Ltd (China)

Study Objectives of Soy Protein Market:

  • Detail analysis of the market’s segments and sub-segments

  • To estimate and forecast market size by type, form, application, distribution channel and region

  • To analyze key driving forces which are influencing the market

  • Region level market analysis and market estimation of North America, Europe, Asia, and rest of the world (ROW) and their countries

  • Value chain analysis & supply chain analysis of Soy Protein Industry

  • Company profiling of major players in the market

  • Competitive strategy analysis and mapping key stakeholders in the market

  • Analysis of historical market trends and technologies along with current government regulatory requirements

 Intended Audience

  • Soy Protein manufacturers

  • Protein Manufacturers

  • Food Industry

  • Agriculture Industry

  • Retailers and wholesalers

  • Traders, importers and exporters

 Key Findings:

  • Soy bean isolates is evaluated to grow at a higher rate than other type of soy protein

  • Soy protein market in Asia Pacific will witness higher growth during the forecast period


  • Soy protein product has been segmented on the basis of type which comprises soy protein isolates, soy protein concentrates, soy protein flours and others. Soy protein isolates holds major market share as it is largely used in food application.

  • Soy protein product has been segmented on the basis of form which comprises powder, bars, ready to drink, capsules & tablets and others. Powder form of soy protein holds major market share.

  • Soy protein product has been segmented on the basis of application which comprises functional foods, sports nutrition, meat additives, confectionery & other food products, pharmaceuticals and others. Soy protein application in sport nutrition will witness higher growth rate during the forecast period.

  • Soy protein has been segmented on the basis of distribution channel which comprises supermarket/hypermarket, convenience store, E-commerce and others. Supermarket/Hypermarket holds major market share whereas E-commerce segment will witness higher growth rate.     

Regional Analysis

Soy Protein Market is segmented into America, Europe, Asia Pacific, and rest of the world (ROW). America has the major market share followed by Asia Pacific region. Increasing soy production in South America is playing a major role behind the dominance of America in global market.  Rising demand of soy protein for different applications mainly as a functional food is boosting the soy market in Europe region. Asia Pacific region will witness higher growth backed by growing demand of high quality soy protein especially from developing countries like China and India.  The Major exporters of soy protein include Brazil, U.S., Argentina and Canada.


The Global Soy Protein Market is segmented under the following regions mentioned below:


  • US.

  • Canada

  • Mexico

  • Brazil

  • Argentina


  • Germany

  • France

  • Italy

  • Spain

  • U.K.

  • Rest of Europe


  • China

  • India

  • Australia

  • Thailand

  • Rest of Asia Pacific

Rest of the world

  • Iran

  • Turkey

  • Saudi Arabia

  • South Africa

  • Others

The report for Global Soy Protein Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 10 Billion
  CAGR   7.1% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Form
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   WeChat (China) Facebook Inc. (U.S.) Artificial Solutions (Sweden) Naunce Communications Inc. (U.S.) IBM (U.S.) Egain Corporation (U.S.) NEXT IT Corp. (U.S.) Creative Virtual Pvt. Ltd. (U.K.) CX Company (Netherlands) 24/7 Customer Inc. (U.S.) Speaktoit Inc. (U.S.) Codebaby (Idavatars) Inc. (U.S.) Howdy (U.S.) DigitalGenius (U.K.) Talla (U.S.) Semantic Machines (U.S.)
  Key Market Opportunities   It gives the power to connect with the people living in different locations.
  Key Market Drivers   This technology is rapidly going to change the world through its advanced application.

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Frequently Asked Questions (FAQ) :

North America is expected to dominate the soy protein market.

Sport nutrition will have a major share in the soy protein market.

Demand for protein products and increasing availability of soy protein bars are the key factors driving the soy protein market growth.

Soy protein isolates will dominate the soy protein market.

Mergers and acquisitions, strategic alliances, partnerships, and new product launches among others are the strategies adopted by industry players to stay ahead in the competition.