The market for soy protein isolate sales is 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 due to shifting customer preferences toward natural food proteins.
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.
Soy isolates are becoming more prevalent in baby food. Soy protein isolate has a substantial market potential in infant foods due to an increase in demand for it across newborn feeds, prepared meals, and packaged foods. The rise in demand for practical and economical meat alternatives among infants is a significant element boosting soy protein isolate demand globally.
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Major market participants are marketing soy products with organic labeling since these commodities are derived from raw materials like peas, wheat, and soy that are produced using organic farming methods. The demand for organic soy protein isolates is also expected to increase as more consumers become aware of the numerous health advantages of consuming organic goods. This is predicted to offer profitable prospects for the expansion of the worldwide market throughout the forecast period.
Key Takeaways from the Market Study
- Global soy protein isolate market is expected to be valued at US$ 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.
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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
- Fuji Oil Holdings Inc.
- Nutra Food Ingredients LLC
- Osage Food Products
- Dupont De Numerous Company
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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