Soy Protein Concentrate Market

Soy Protein Concentrate Market Outlook (2022 to 2032)

The soy protein concentrate market is valued at USD 1.2 Billion in 2022, and it is expected to increase at an annual rate of around 9.2% between 2022 and 2032. Between 2022 and 2032, the North American soy protein concentrate business is expected to grow at a rate of more than 7.8%, owing to increased demand for healthier baked items.

Attribute	Details
Soy Protein Concentrate Market Size (2022E)	USD 1.2 Billion
Soy Protein Concentrate Market Projected Size (2032F)	USD 4.5 Billion
Value CAGR (2022 to 2032)	9.2%

How Does the Soy Protein Concentrate Market Compare in the Historic and Future Outlook?

Potential health advantages associated with soy protein concentrate, increased demand from the animal feed sector, increased use of soy protein concentrate in food applications, and an increase in the number of product launches are a few of the factors driving the market's growth.

Given the influence of high-protein diets, food and beverage businesses are developing delectable, yet healthful bakery and confectionery items to appeal to a diverse customer base that is promoting the consumption of soy protein concentrate.

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How has the Trend of Paleo Diet Positively Impacted Soy Protein Concentrate Market?

Given the influence of social media platforms, the popularity of the paleo diet is growing, which will drive consumers toward protein-rich meals, boosting sales of soy protein concentrate.

A paleo diet aims to eat in a manner that is more like to what early humans ate. According to the discordance hypothesis, the human body is genetically unsuitable to the contemporary diet, which is the result of farming techniques.

The late and rapid change in nutrients, according to the notion, outran the body's ability to adjust. Diabetes, Obesity and heart disease are all on the rise, and this imbalance is thought to play a role. This trend is attracting customers from all over the world to soy protein concentrate.

Various customers are experiencing more energy, fat loss, less bloating, clearer skin, fewer sugar cravings, and a drop in disease-provoking inflammation for which people are adopting soybean and its derivatives, in turn, positively impacting the soy protein concentrate market.

Country-wise Insights

How is the USA Soy Protein Concentrate Market Shaping?

The soybean and its derivatives, such as soy protein concentrate, are currently the least priced and most commonly available high-quality vegetable proteins in the country, therefore, promoting the USA soy protein concentrate market.

What Factors are Leading to the Growth of India’s Soy Protein Concentrate Market?

Given the influence of high-protein diets, food and beverage makers are developing delectable, yet nutritious bread and confectionery goods in order to appeal to a broad clientele base in the Indian soy protein concentrate market.

What is the Performance of the UK’s Soy Protein Concentrate Market?

Soy protein concentrate is gaining popularity among gym-goers and bodybuilders in the country. Due to its high protein content compared to other plant-based proteins, soy proteins are a crucial element for vegetarians and vegans, therefore, promoting the soy protein concentrate market in UK.

Category-wise Insights

Which Form of Soy Protein Concentrate is being Demanded?

Bakeries and confectioneries, as well as the meat processing industry, prefer the dried form of soy protein concentrate because it gives food products a superior texture. In addition, it has a longer shelf life and is easier to transport than the liquid form, making it more convenient for stakeholders and end-users.

What is Increasing the Application of Soy Protein Concentrate in the Food Industry?

On a fresh weight basis, the soybean has 30-46 percent protein. The protein content of flours and grits is enhanced to 50-55 percent when the oil and crude fibers are removed. As a result, soy protein concentrate is gaining popularity in the food business.

Which Function of Soy Protein Concentrate is Propelling the Market Growth?

Soy protein concentrate is employed as an emulsifier, fat and water-absorbing agent, and to boost the nutritional content of food items, according to the study. Because of their expanding popularity in the animal feed business, soy protein concentrates have been increasingly used as nutrients.

Competitive Landscape

Due to the presence of various regional and local manufacturers operating around the world, the global soy protein concentrate market is very competitive. To raise industry share and leverage growth prospects in the market, leading market participants are using various methods such as product portfolio expansion and mergers and acquisitions. Manufacturers in the market are also harboring relations with the various end-use industry players to ensure a constant supply of soy protein concentrate products.

For example,

DuPont introduced a new product line under the Danisco Planit portfolio in July 2020, which included Response textured soy protein concentrates and alpha functional soy protein concentrates. These new product line introductions aided the company in expanding its product portfolio and, as a result, gaining a larger customer base and generating more money.

Scope of the Report

Attribute	Details
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2022
Market Analysis	USD Billion for Value and MT for Volume
Key Regions Covered	North America; Latin America; Europe; Asia Pacific; and MEA
Key Countries Covered	USA, Canada, Mexico, Germany, UK, Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Denmark, Sweden, Poland, Turkey, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, New Zealand, Vietnam, South Africa, UAE, Saudi Arabia, Oman, Qatar, Kuwait, others
Key Segments Covered	Grade, Application, Function, and Region
Key Companies Profiled	DuPont; Cargill; ADM; The Vincent Corporation; Crown Soya; Wilmar International Ltd; Nordic Soya Oy; Incorporated; Shandong Yuxin Biotechnology Co.; Batory Foods; Others
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Soy Protein Concentrate Market by Category

By Form:

• Dry
• Liquid

By Application:

• Food Products
• Beverages
• Dietary Supplements
• Nutraceuticals
• Animal Feed
• Cosmetics and Personal Care
• Pharmaceuticals
• Others

By Function:

• Emulsification
• Solubility
• Water Binding
• Foaming
• Thickening Agent
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Frequently Asked Questions

How big is the Soy Protein Concentrate Market?

The soy protein concentrate market stands at nearly USD 1.2 Billion in 2022 and is expected to rise at a CAGR of 9.2%.

What is the North America Soy Protein Concentrate Market Outlook?

The North American soy protein concentrate market is expected to register a 7.8% CAGR between 2022 and 2032.

At What Rate will Soy Protein Concentrate Demand Grow in Europe?

The European soy protein concentrate market is expected to register a 6.3% CAGR between 2022 and 2032.

At What Rate will Soy Protein Concentrate Demand Grow in the Asia Pacific?

The Asia Pacific soy protein concentrate market is expected to register an 8.5% CAGR between 2022 and 2032.

What Are the Key Trends Shaping the Soy Protein Concentrate Market?

Count of health and diet-conscious consumers are continuously rising, resulting in greater demand for calorie-controlled and personalized nutritional goods. This is boosting the demand for soy protein concentrate as a cost-effective and nutrient-dense food.