In 2024, the global soy protein ingredients market was valued at USD 10.80 billion. The market is projected to grow to USD 11.37 billion in 2025 and reach USD 18.02 billion by 2032, expanding at a compound annual growth rate (CAGR) of 6.81% over the forecast period. Asia Pacific led the market in 2024, accounting for a dominant 45.37% share.
Soy protein is a vital source of essential amino acids and plays a key role in promoting human health. Extracted from soybeans through processes like crushing and extrusion, it is available in various forms such as soy flour, protein isolate, and concentrate. These ingredients are widely adopted in both the food and animal feed sectors due to their nutritional value and functional properties.
Information Source: https://www.fortunebusinessinsights.com/soy-protein-ingredients-market-109129
Market Trends
Innovative Processing Boosts Product Versatility
Advancements in processing technologies have enhanced the performance and range of soy protein products. Modern production techniques now yield soy protein in forms like powders, flakes, chips, and chunks—broadening its applicability across diverse food and feed industries and boosting market demand.
Segmentation Insights
The market is segmented by ingredient type, form, category, and application. Key ingredient segments include soy protein isolate, concentrate, soy flour, and textured soy protein (TSP), with soy flour holding the largest share due to its widespread use in processed foods and animal feed. In terms of form, dry soy protein dominates because of its cost-effectiveness, longer shelf life, and ease of transport and storage. By category, conventional soy protein leads the market, reflecting the continued use of traditional agricultural methods. The food industry represents the largest application segment, supported by the growing incorporation of soy-based ingredients in processed foods, ready-to-eat meals, and plant-based meat alternatives.
Regional Analysis
Regionally, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific was the leading region in 2024, valued at USD 4.90 billion, with China acting as a key center for production and exports. In North America, particularly the U.S. and Canada, demand is rising for plant-based protein options. Meanwhile, Europe is witnessing growing soy protein consumption aligned with shifting consumer diets toward plant-based alternatives.
Competitive Landscape
Strategic Moves Fuel Market Expansion
The soy protein ingredients market is moderately competitive, featuring both local and international firms. Key strategies include mergers and acquisitions, innovation in product development, and expansion into new markets to meet shifting consumer preferences.
Report Coverage
This report provides an in-depth analysis of the soy protein ingredients industry, examining market size, key ingredient segments, forms, product categories, and end-use applications. It also outlines current trends, regional developments, and key strategic initiatives by industry players.
Major Companies:
- ADM (U.S.)
- Wilmar International Limited (Singapore)
- Cargill, Incorporated (U.S.)
- International Flavors and Fragrances Inc. (U.S.)
- CHS Inc. (U.S.)
- BRF Global (Brazil)
- Fuji Oil Holdings Inc. (Japan)
- Bunge Global SA (U.S.)
- The Scoular Company (U.S.)
- Crown Soya Protein Limited (China)
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Recent Industry Development:
In February 2024, Amfora unveiled a new portfolio of soy-based ingredients including soy flour, protein crisps, and texturized vegetable protein. These products were developed using a blend of traditional processing and Amfora’s proprietary technology to enhance both nutritional content and performance.
