The market size for global soy protein isolate sales is estimated to be worth USD 3,675.1 million in 2024. The soy protein isolate market is expected to reach USD 8,573.2 million by 2034. It is projected to surge at a CAGR of 8.8% in the forecast period 2024 to 2034 due to shifting customer preferences toward natural food proteins.
The growing awareness of the benefits of protein, including increased muscle mass, improved post-workout recovery, and enhanced satiety after meals, is driving the demand for soy protein isolates. Additionally, the rise in vegetarianism and veganism, fueled by increasing compassion for animals and a shift toward ethical consumerism, is a significant factor contributing to the growth of the soy protein isolate market.
Soy protein isolates are also gaining popularity in baby food. With rising demand for infant formulas, ready-made meals, and packaged foods, soy protein isolate is becoming a key ingredient in infant nutrition. The growing need for convenient and cost-effective meat alternatives for young children is a major driver behind the increased demand for soy protein isolates globally.
Leading market players are emphasizing organic labeling for soy-based products, as these are sourced from raw materials like soy, peas, and wheat grown using organic farming methods. As consumers become more health-conscious and aware of the benefits of organic food, the demand for organic soy protein isolates is expected to rise. This trend is anticipated to create lucrative opportunities for market growth over the forecast period.
Key Takeaways from the Market Study
- Global soy protein isolate market is expected to be valued at USD 3,675.1 million by 2024
- From 2018 to 2022, the market demand expanded at a CAGR of 2.7%
- From 2024 to 2034, the United States market for soy protein isolate is projected to account for a 25.7% market share.
- China to experience a 8.5% CAGR and India a 10.5% CAGR from 2024 to 2034
- By nature, the conventional segment was estimated to acquire a 78% share in 2023.
- By end use, the meat alternative segment acquired 25% market share in 2023.
Competitive Landscape
Prominent players in the soy protein isolate market are:
Archer Daniels Midland, Cargill Inc, Fuji Oil Holdings Inc., Farbest, Batory Food, CHS Inc., Crown Soya Protein Group E.I., The Scoular Company, Food Chem International, Nutra Food Ingredients LLC, Osage Food Products, and Dupont De Numerous Company are all key players in the food and agricultural industries.
Some key developments of the leading companies in this market are:
- Archer Daniels Midland (ADM) opened a new extrusion factory in Serbia in 2022. This plant will increase the production of non-GMO granular soy protein. Their new extrusion factory not only boosts the region’s supply of locally produced, non-GMO textured soy protein, which is in high demand in Europe, but it also keeps up with the category’s phenomenal growth in the EMEA region.
Key Segments Profiled in the Global Soy Protein Isolate Market
By Form:
- Dry
- Liquid
By Nature:
- Organic
- Conventional
End Use:
- Meat alternatives
- Bakery and Confectionery
- Functional Foods
By Function:
- Nutrients
- Emulsifier
- Fat & water absorption
- Texturants
- Other Functions
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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