Global soy protein isolate sales are estimated to be worth US$ 3,675.1 million in 2024. The soy protein isolate market is expected to reach US$ 8,573.2 million by 2034. It is projected to surge at a CAGR of 8.8% in the forecast period 2024 to 2034.
| Attributes | Key Insights |
|---|---|
| Estimated Global Soy Protein Isolate Market Size (2024E) | US$ 3,675.1 million |
| Projected Soy Protein Isolate Market Value (2034F) | US$ 8,573.2 million |
| Value-based CAGR (2024 to 2034) | 8.8% |
Rising frequency of lifestyle-related disorders such as constipation and growing levels of lactose intolerance among people is a propelling factor behind soaring sales of soy protein isolates. Wide range of applications of soy protein isolates extends even to the animal feed and infant food industry.
Rising awareness of the benefits of protein consumption, such as high muscle mass, better recovery post-workout, and enhanced satiety post-meal, are driving demand for soy protein isolates in the market. The ascending change toward vegetarianism and veganism is a result of people becoming sympathetic toward animals and more inclined toward their welfare. This stands out as the key reason fueling the soy protein isolate market expansion.
Greater penetration of e-commerce platforms in several countries is expected to increase the soy protein isolate market value. This is attributed to easy product accessibility and availability.
Rising number of participants in the market is creating heightened competition, eventually leading to a reduction in product cost. The soy protein isolate market is expected to experience rapid growth in the next few years due to increasing health consciousness, diverse product innovations, and extensive marketing on social media.
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From 2019 to 2023, the global soy protein isolate market experienced slow and steady growth. Health, sustainability, and animal welfare were the key driving forces behind plant-based diets. Hence, demand for soy protein isolates and other plant-based protein sources significantly increased. It became a common ingredient in several food products for vegetarians and flexitarians.
Enhancements in food processing technologies helped create different types of soy protein isolate products. Furthermore, advanced methods of extraction and purification improved quality as well as functionality of soy protein isolates. It made them more applicable across a broad range of food and beverage applications.
The soy protein isolate market has traditionally been heavily concentrated in North America and Europe. From 2019 to 2023, escalation of disposable income, urbanization, and shift toward different dietary patterns were the key factors that increased demand for soy protein isolates worldwide.
The market is projected to surge at a CAGR of 8.8% in the forecast period. Increasing disposable income globally, alongside robust urbanization, are the factors driving the soy protein isolate market growth.
Growing need for a healthy lifestyle and consumption of high-protein & nutritious food catalyzes market value. Rising veganism among young population worldwide is also propelling sales.
The expanding lactose-intolerant population promotes plant-based proteins free from dairy products, thereby driving demand for soy protein isolates. Manufacturers are incorporating industrial-grade soy proteins into the paper coating and textile fiber industries owing to their great emulsifying and texturizing properties.
Sales of soy protein isolates are expected to rise with growing awareness and use of functional foods. Rising e-commerce penetration globally is expected to surge the soy protein isolate market growth.
Increasing demand for soy-based infant formulas and animal feed is expected to raise the value of the market. Companies are using several regulatory claims and certifications to better position their products in the market.
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The table below shows the estimated growth rates of the top five countries. The United Kingdom, Germany, and India are set to record high CAGRs of 9.2%, 9.9%, and 10.5%, respectively, through 2034.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 7.2% |
| United Kingdom | 9.2% |
| Germany | 9.9% |
| India | 10.5% |
| China | 8.5% |
In the United States, the established food and processing industry compels manufacturers to invest heavily in innovation, leading to launch of new products in the market. Leading companies engage with customers to better understand their needs and create innovative items in the soy protein isolate market.
The swiftly rising concerns among users and increased innovations are driving the plant-based protein ingredient market. Multiple applications across various segments and soy protein isolate’s large-scale usage in the functional foods and beverages sector are the key contributors to growth.
In India, rising urbanization is inducing the changing lifestyle patterns among people. The expanding food and beverage industry and increasing disposable income resulted in the rising trajectory of soy protein isolate sales.
The availability of soy protein isolate products in retail outlets and e-commerce channels is expanding significantly in India. The popularity of plant-based diets and convenience of online purchasing are fueling market expansion. Several brands make different flavors and formulations for soy protein isolates that cater to the taste preferences of various individuals.
With growing concerns about the type and source of food ingredients, there is a rising demand for clean-label and non-GMO (genetically modified organism) products in China. Costumers are preferring soy protein isolates made from non-GMO soybeans and processed hygienically over whey-protein.
China's soy protein isolate manufacturers are enhancing product functionality, taste, and nutritional profile through research and development. They are also focusing on novel processing technology and creative formulations.
The section below shows the dry segment dominating by product type. The segment is predicted to surge at a CAGR of 7.6% through 2034. Based on application, the functional food segment is anticipated to generate a dominant share through 2024. It is set to rise at 8.1% CAGR through 2034.
| Segment | CAGR (2024 to 2034) |
|---|---|
| Dry (Product Type) | 7.6% |
| Functional Foods (Application) | 8.1% |
| Nutrients (Function) | 6.1% |
Dry soy protein is a resourceful product that offers high nutrition and texture to foods & beverages. These ingredients are utilized in numerous applications, such as bakery, beverages, cereals, cereal bars, infant nutrition, and confectionery. The dry form of soy protein isolate is in high demand due to its extensive applications as excellent texture enhancers, long shelf life, convenient packaging, and easy blendability with other ingredients.
In the food and beverage industry, soy protein isolates enhance the nutritional profile of products without compromising taste or texture, which has led to their widespread adoption. Manufacturers increasingly incorporate soy protein into drinks such as smoothies, shakes, and plant-based milk to appeal to health-conscious consumers seeking protein-rich options.
This trend is especially evident in the growing plant-based alternative market, where soy protein is a key ingredient to replicate traditional dairy products' creamy texture and protein content.
Soy protein isolates also play a crucial role in animal feed formulations. As a cost-effective source of high-quality protein, these help meet the dietary requirements of several livestock species, contributing to their growth and overall health.
The high protein content, while low in calories due to minimal fats and carbohydrates, makes soy protein a popular choice among health-conscious individuals and athletes. Beyond its nutritional benefits, soy protein serves several functional roles in food processing. Soy protein's nutritional value and multifunctional properties make it a versatile ingredient in multiple food applications.
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The soy protein isolate market has a dynamic and diverse competition structure. Key companies focus on research, innovation, maximized sourcing, and the latest formulations to expand their market reach. Manufacturers emphasize quality accreditations and sustainable practices to stay competitive in the market.
To maintain their prominence in the soy protein isolate market and increase sales, key companies are expanding the range of products they offer and employing business tactics, including partnerships, mergers, and acquisitions.
For instance
The market is set to reach US$ 3,675.1 million in 2024.
Demand for soy protein isolates is slated to expand at an 8.8% CAGR by 2034.
The market is set to reach US$ 8,573.2 million in 2034.
Archer Daniels Midland, Cargill Inc., and Fuji Oil Holdings Inc. are the key players.
Nutrient segment is estimated to lead the market by 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Segmental Share Analysis
1.3. Dynamics Snapshot
1.4. Wheel of Fortune
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market trends By Region
3.5. Forecast Factors - Relevance & Impact
3.6. Regulations and Policies
4. Global Market - Pricing Analysis
4.1. Price Point Assessment by Region
4.1.1. Manufacturer Level Pricing
4.1.2. Distributor Level Pricing
4.2. Price Point Assessment By Product Type
4.3. Price Forecast till 2034
5. Value Chain Analysis
5.1. Operating margins at each node of supply chain
5.2. List of Active Market Participants
6. Global Market Size in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Size in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023
6.2. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Product Type, 2019 to 2023
7.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Product Type, 2024 to 2034
7.3.1. Dry
7.3.2. Liquid
7.4. Market Attractiveness Analysis By Product Type
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
8.1. Introduction / Key Findings
8.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Application, 2019 to 2023
8.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Application, 2024 to 2034
8.3.1. Functional Foods
8.3.2. Bakery and Confectionery
8.3.3. Other Applications
8.4. Market Attractiveness Analysis By Application
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Function
9.1. Introduction / Key Findings
9.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Function, 2019 to 2023
9.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Function, 2024 to 2034
9.3.1. Nutrients
9.3.2. Emulsifiers
9.3.3. Fat and Water
9.3.4. Restaurants
9.3.5. Other Functions
9.4. Market Attractiveness Analysis By Function
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
10.1. Introduction
10.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023
10.3. Current Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. East Asia
10.3.5. South Asia
10.3.6. Oceania
10.3.7. Middle East & Africa
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
11.1. Introduction
11.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
11.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
11.3.1. By Country
11.3.1.1. United States
11.3.1.2. Canada
11.3.2. By Product Type
11.3.3. By Application
11.3.4. By Function
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Product Type
11.4.3. By Application
11.4.4. By Function
11.5. Key takeaways
12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Introduction
12.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
12.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
12.3.1. By Country
12.3.1.1. Brazil
12.3.1.2. Mexico
12.3.1.3. Argentina
12.3.1.4. Rest of Latin America
12.3.2. By Product Type
12.3.3. By Application
12.3.4. By Function
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Product Type
12.4.3. By Application
12.4.4. By Function
12.5. Key takeaways
13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
13.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
13.3.1. By Country
13.3.1.1. Germany
13.3.1.2. United Kingdom
13.3.1.3. France
13.3.1.4. Italy
13.3.1.5. Spain
13.3.1.6. BENELUX
13.3.1.7. Nordic
13.3.1.8. Russia
13.3.1.9. Poland
13.3.1.10. Rest of Europe
13.3.2. By Product Type
13.3.3. By Application
13.3.4. By Function
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Application
13.4.4. By Function
13.5. Key takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
14.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
14.3.1. By Country
14.3.1.1. China
14.3.1.2. Japan
14.3.1.3. South Korea
14.3.2. By Product Type
14.3.3. By Application
14.3.4. By Function
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Application
14.4.4. By Function
14.5. Key takeaways
15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Historical Market Size (US$ million) and Volume (MT) Trend Analysis By Market Taxonomy, 2019 to 2023
15.3. Market Size (US$ million) and Volume (MT) Forecast By Market Taxonomy, 2024 to 2034
15.3.1. By Country
15.3.1.1. India
15.3.1.2. Thailand
15.3.1.3. Malaysia
15.3.1.4. Indonesia
15.3.1.5. Vietnam
15.3.1.6. Philippines
15.3.1.7. Singapore
15.3.1.8. Rest of South Asia
15.3.2. By Product Type
15.3.3. By Application
15.3.4. By Function
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Application
15.4.4. By Function
15.5. Key takeaways
16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
16.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
16.3.1. By Country
16.3.1.1. Australia
16.3.1.2. New Zealand
16.3.2. By Product Type
16.3.3. By Application
16.3.4. By Function
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Application
16.4.4. By Function
16.5. Key takeaways
17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
17.3. Market Size (US$ million) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
17.3.1. By Country
17.3.1.1. GCC Countries
17.3.1.2. Turkiye
17.3.1.3. Egypt
17.3.1.4. South Africa
17.3.1.5. Rest of Middle East and Africa
17.3.2. By Product Type
17.3.3. By Application
17.3.4. By Function
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product Type
17.4.3. By Application
17.4.4. By Function
17.5. Key takeaways
18. Country-level Market Analysis, 2024
18.1. United States Market Analysis
18.1.1. By Product Type
18.1.2. By Application
18.1.3. By Function
18.2. Canada Market Analysis
18.2.1. By Product Type
18.2.2. By Application
18.2.3. By Function
18.3. Brazil Market Analysis
18.3.1. By Product Type
18.3.2. By Application
18.3.3. By Function
18.4. Mexico Market Analysis
18.4.1. By Product Type
18.4.2. By Application
18.4.3. By Function
18.5. Argentina Market Analysis
18.5.1. By Product Type
18.5.2. By Application
18.5.3. By Function
18.6. Germany Market Analysis
18.6.1. By Product Type
18.6.2. By Application
18.6.3. By Function
18.7. United Kingdom Market Analysis
18.7.1. By Product Type
18.7.2. By Application
18.7.3. By Function
18.8. France Market Analysis
18.8.1. By Product Type
18.8.2. By Application
18.8.3. By Function
18.9. Italy Market Analysis
18.9.1. By Product Type
18.9.2. By Application
18.9.3. By Function
18.10. Spain Market Analysis
18.10.1. By Product Type
18.10.2. By Application
18.10.3. By Function
18.11. BENELUX Market Analysis
18.11.1. By Product Type
18.11.2. By Application
18.11.3. By Function
18.12. Nordic Market Analysis
18.12.1. By Product Type
18.12.2. By Application
18.12.3. By Function
18.13. Russia Region Market Analysis
18.13.1. By Product Type
18.13.2. By Application
18.13.3. By Function
18.14. Poland Market Analysis
18.14.1. By Product Type
18.14.2. By Application
18.14.3. By Function
18.15. China Market Analysis
18.15.1. By Product Type
18.15.2. By Application
18.15.3. By Function
18.16. Japan Market Analysis
18.16.1. By Product Type
18.16.2. By Application
18.16.3. By Function
18.17. South Korea Market Analysis
18.17.1. By Product Type
18.17.2. By Application
18.17.3. By Function
18.18. India Market Analysis
18.18.1. By Product Type
18.18.2. By Application
18.18.3. By Function
18.19. Thailand Market Analysis
18.19.1. By Product Type
18.19.2. By Application
18.19.3. By Function
18.20. Malaysia Market Analysis
18.20.1. By Product Type
18.20.2. By Application
18.20.3. By Function
18.21. Indonesia Market Analysis
18.21.1. By Product Type
18.21.2. By Application
18.21.3. By Function
18.22. Vietnam Market Analysis
18.22.1. By Product Type
18.22.2. By Application
18.22.3. By Function
18.23. Philippines Market Analysis
18.23.1. By Product Type
18.23.2. By Application
18.23.3. By Function
18.24. Singapore Market Analysis
18.24.1. By Product Type
18.24.2. By Application
18.24.3. By Function
18.25. Australia Market Analysis
18.25.1. By Product Type
18.25.2. By Application
18.25.3. By Function
18.26. New Zealand Market Analysis
18.26.1. By Product Type
18.26.2. By Application
18.26.3. By Function
18.27. GCC Countries Market Analysis
18.27.1. By Product Type
18.27.2. By Application
18.27.3. By Function
18.28. Turkiye Market Analysis
18.28.1. By Product Type
18.28.2. By Application
18.28.3. By Function
18.29. Egypt Market Analysis
18.29.1. By Product Type
18.29.2. By Application
18.29.3. By Function
18.30. South Africa Market Analysis
18.30.1. By Product Type
18.30.2. By Application
18.30.3. By Function
19. Market Structure Analysis
19.1. Global Market Competition - a Dashboard View
19.2. Industry Structure Analysis
19.2.1. % tier 1 market players
19.2.2. % tier 2 market players
19.2.3. % tier 3 market players
19.3. Global Market Company Share Analysis
19.3.1. For Tier 1 Market Players, 2023
19.3.2. Company Market Share Analysis of Top 5 Players, By Region
19.4. Key Participants Market Presence (Intensity Mapping) by Region
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Archer Daniels Midland
20.3.1.1. Product Portfolio
20.3.1.2. Product Claim
20.3.1.3. Revenue by Market Segments (Product/Channel/Region)
20.3.1.4. Sales Footprint
20.3.1.5. Strategy Overview
20.3.1.5.1. Marketing Strategy
20.3.1.5.2. Product Strategy
20.3.1.5.3. Channel Strategy
20.3.1.6. SWOT Analysis
20.3.2. Cargill Inc.
20.3.3. Fuji Oil Holdings Inc.
20.3.4. Farbest
20.3.5. Kerry.
20.3.6. Batory Food
20.3.7. CHS Inc.
20.3.8. Crown Soya Protein Group E.I.
20.3.9. The Scoular Company
20.3.10. Food Chem International
20.3.11. Fuji Oil Holdings Inc.
20.3.12. Nutra Food Ingredients LLC
20.3.13. Osage Food Products
20.3.14. Dupont De Numerous Company
20.3.15. Others (on additional request)
21. Assumptions and Acronyms
22. Research Methodology
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Soy Protein Isolate Market
