Home » Food & Beverage » Soy Protein Ingredients Market

Soy Protein Ingredients Market By Type (Soy Protein Isolates, Soy Protein Concentrates, Soy Flour), By Application (Bakery And Confectionary, Processed Meat Products, Functional Foods, Dairy Replacers, Infant Foods) – Growth, Future Prospects And Competitive Analysis, 2016 – 2023

Published: | Report ID: 9445 | Report Format : PDF

Market Insights

The transformation of raw materials into healthy food products is the result of efficient food processing, preparation, distribution, and consumption. With increasing consumer concerns regarding healthy and green food products, demand for plant products is anticipated to remain significant in the near future. Technological advancements in food have led to the development of varied soy products, including isolates, concentrates, and other edible soy products.

This has further led to increased consumption of soy-based products among consumers across the globe. Soy protein products are used as functional and nutritional food ingredients across various food products. Owing to the demand for low-cost sources of protein from plants, the food product formulators are focused on developing products that offer enhanced nutrients required by the human body.

Some of the factors driving the demand for soy protein ingredients include changing consumer food patterns, the inclination of consumers towards vegetarian food, rising meat prices, bans on the usage of animal sources by governments of various countries, the increasing availability of ready-to-eat food products, and the increasing concerns of consumers towards healthy and nutritious food products. However, taste preferences for soy-based products restrict their adoption among a few consumers and, thus, might hinder the soy protein ingredients market’s growth rate in the near future.

Globally, the soy protein ingredients market in North America is expected to be the largest in terms of value, followed by Europe and Asia Pacific. Increasing government support and subsidies related to improved agricultural practices and crop yield methods Asia Pacific is also expected to have the fastest CAGR during the forecast period, owing to the expanding food and beverage industries in China and India, which are driving increased demand for soy protein ingredients, as well as consumer awareness of the benefits of soy protein ingredients, such as low fat and sugar content, environmental friendliness when compared to animal protein ingredients, and high nutritional content.The global soy protein ingredients market is expected to be worth US$ 8.0 billion by the end of 2016 and to grow at a CAGR of 6.3% from 2016 to 2023.

Purpose of the Report

The purpose of this strategic research study titled “Global Soy Protein Ingredients Market: Growth, Future Prospects, Competitive Analysis, and Forecast, 2016–2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global soy protein ingredients market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • manufacturers of soy protein ingredients
  • Oil and gas exploration and production companies
  • Downstream and midstream companies
  • Research Institutes

The global soy protein ingredients market can be categorized on the basis of type as follows:

  • Soy Protein Isolates
  • Soy protein concentrates
  • Soy Flour

Increasing demand for cost-effective vegetable proteins has led to the adoption of soy protein ingredients across different food formulations. Soy protein ingredients are categorized broadly into soy protein concentrates, soy protein isolates, and soy flour. Among these types, the soy protein isolates segment accounted for the highest market share and is expected to remain dominant throughout the forecast period.

Extensive research and development by companies operating in the protein ingredients market in order to offer better and enhanced ingredients in comparison to available animal protein products are anticipated to fuel the soy protein isolate market’s growth. Furthermore, health benefits such as viscosity proteins, fat absorption, and texture development are some of the factors leading to increased consumption of soy-based products, thereby increasing the application of soy protein ingredients in food and beverage products.

Also, there has been continuous research and development toward the development of advanced products leading to the application of soy protein ingredients in other food and beverage products. The soy protein concentrates segment is anticipated to record significant growth in the forthcoming years, which is due to increased product launches comprising soy protein concentrates as compared to isolates among food and beverage product manufacturers.

On the basis of application, the soy protein ingredients market is categorized into the following types:

  • bakery and confectionery
  • Processed meat products
  • Functional Foods
  • Dairy Replacers
  • Infant Foods
  • Others

Of the different applications, the bakery and confectionery segment holds the largest market share and is expected to maintain its dominance throughout the forecast period. Consumer demand for high-quality, protein-rich bakery and confectionery food products, combined with rising bakery and confectionery food product consumption, drives the demand for soy protein ingredients in these products. Furthermore, increasing demand for healthy and plant-based products, especially from countries such as India, China, and Brazil, where shifting consumer preferences for food products play a pivotal role in the adoption of better and more efficient ingredient sources such as soy protein ingredients among manufacturers, thus mitigating the demand for nutritional food ingredients among consumers globally.

The functional foods segment is expected to record the highest growth, which is attributed to the increasing consumption of these products, which leads to the development of ingredients that suit the end-use consumer requirements, thereby fueling soy protein ingredients market growth across the globe. In addition, a ban on animal protein as an ingredient in food products coupled with new product development with customization stimulates the soy protein ingredients market’s growth.

For the purpose of this study, the global soy protein ingredients market is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

In 2015, North America was the leading market, followed by Europe. Both these regions together accounted for more than 70% of the market in terms of value. However, growth is projected to be fastest in the Asia Pacific region during the forecast period of 2016–2023. Growth in this region is attributed to various factors, including rising demand for “green label” food products coupled with increasing awareness related to healthy and plant-based products, especially in countries such as China and India. This is expected to fuel the growth of the soy protein ingredients market by encouraging the adoption of clean-label products.

Moreover, functional food acceptance among consumers in the Asia Pacific is increasing, which is further anticipated to fuel the demand for soy protein ingredients among food product manufacturers, thereby resulting in significant market growth. The market for soy protein ingredients in North America is anticipated to record significant growth, followed by Europe and Latin America. The market for soy protein ingredients in the Middle East and Africa is projected to grow at a moderate rate during the forecast period.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Soy Protein Ingredients Market Snapshot
2.1.1. Global Soy Protein Ingredients Market by Type,2015
2.1.2. Global Soy Protein Ingredients Market by Application,2015
2.1.3. Global Soy Protein Ingredients Market by Geography,2015

3. Global Soy Protein Ingredients Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges During the Forecast Period, (2016-2023)
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry

4. Global Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
4.1. Overview
4.1.1. Market Share Analysis by Type, 2015 vs. 2023
4.1.2. Attractive Investment Proportion by Type
4.2. Soy Protein Isolates
4.3. Soy Protein Concentrates
4.4. Soy Flour

5. Global Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
5.1. Overview
5.1.1. Market Share Analysis by Application, 2015 vs 2023
5.1.2. Attractive Investment Proportion by Application
5.2. Bakery And Confectionary
5.3. Processed Meat Products
5.4. Functional Foods
5.5. Dairy Replacers
5.6. Infant Foods
5.7. Others

6. Global Soy Protein Ingredients Market Size (US$), By Geography, 2013 – 2023
6.1. Overview
6.1.1. Market Share Analysis by Geography, 2015 vs. 2023
6.1.2. Attractive Investment Proportion by Geography
6.2. North America Soy Protein Ingredients Market Analysis, 2013 – 2023
6.2.1. North America Soy Protein Ingredients Market Size (US$), By Country, 2013 – 2023
6.2.1.1. U.S.
6.2.1.2. Canada
6.2.2. North America Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
6.2.2.1. Soy Protein Isolates
6.2.2.2. Soy Protein Concentrates
6.2.2.3. Soy Flour
6.2.3. North America Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
6.2.3.1. Bakery And Confectionary
6.2.3.2. Processed Meat Products
6.2.3.3. Functional Foods
6.2.3.4. Dairy Replacers
6.2.3.5. Infant Foods
6.2.3.6. Others
6.3. Europe Soy Protein Ingredients Market Analysis, 2013 – 2023
6.3.1. Europe Soy Protein Ingredients Market Size (US$), By Region, 2013 – 2023
6.3.1.1. E.U. 7
6.3.1.2. CIS
6.3.1.3. Rest of Europe
6.3.2. Europe Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
6.3.2.1. Soy Protein Isolates
6.3.2.2. Soy Protein Concentrates
6.3.2.3. Soy Flour
6.3.3. Europe Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
6.3.3.1. Bakery And Confectionary
6.3.3.2. Processed Meat Products
6.3.3.3. Functional Foods
6.3.3.4. Dairy Replacers
6.3.3.5. Infant Foods
6.3.3.6. Others
6.4. Asia Pacific Soy Protein Ingredients Market Analysis , 2013 – 2023
6.4.1. Asia Pacific Soy Protein Ingredients Market Size (US$), By Country, 2013 – 2023
6.4.1.1. China
6.4.1.2. India
6.4.1.3. Japan
6.4.1.4. Rest of Asia Pacific
6.4.2. Asia Pacific Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
6.4.2.1. Soy Protein Isolates
6.4.2.2. Soy Protein Concentrates
6.4.2.3. Soy Flour
6.4.3. Asia Pacific Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
6.4.3.1. Bakery And Confectionary
6.4.3.2. Processed Meat Products
6.4.3.3. Functional Foods
6.4.3.4. Dairy Replacers
6.4.3.5. Infant Foods
6.4.3.6. Others
6.5. Latin America Soy Protein Ingredients Market Analysis , 2013 – 2023
6.5.1. Latin America Soy Protein Ingredients Market Size (US$), By Country, 2013 – 2023
6.5.1.1. Brazil
6.5.1.2. Mexico
6.5.1.3. Rest of Latin America
6.5.2. Latin America Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
6.5.2.1. Soy Protein Isolates
6.5.2.2. Soy Protein Concentrates
6.5.2.3. Soy Flour
6.5.3. Latin America Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
6.5.3.1. Bakery And Confectionary
6.5.3.2. Processed Meat Products
6.5.3.3. Functional Foods
6.5.3.4. Dairy Replacers
6.5.3.5. Infant Foods
6.5.3.6. Others
6.6. Middle East & Africa (MEA) Soy Protein Ingredients Market Analysis , 2013 – 2023
6.6.1. MEA Soy Protein Ingredients Market Size (US$), By Region, 2013 – 2023
6.6.1.1. GCC
6.6.1.2. Rest of MEA
6.6.2. MEA Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
6.6.2.1. Soy Protein Isolates
6.6.2.2. Soy Protein Concentrates
6.6.2.3. Soy Flour
6.6.3. MEA Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
6.6.3.1. Bakery And Confectionary
6.6.3.2. Processed Meat Products
6.6.3.3. Functional Foods
6.6.3.4. Dairy Replacers
6.6.3.5. Infant Foods
6.6.3.6. Others

7. Company Profiles
7.1. Competitive Dashboard
7.2. Key Intelligent Pigging Services Manufacturers
7.2.1. Archer Daniels Midland Company
7.2.1.1. Business Description
7.2.1.2. Financial Information
7.2.1.3. Product Positions/Portfolio
7.2.1.4. Key Developments
7.2.2. Dupont Nutrition & Health
7.2.3. Cargill, Incorporated
7.2.4. CHS Inc.
7.2.5. Kerry Group PLC
7.2.6. Wilmar International Limited
7.2.7. Nisshin Oillio Group, Ltd.
7.2.8. Ruchi Soya Industries
7.2.9. AG Processing Inc.
7.2.10. Devansoy Inc.

List of Figures

FIG. 1 Global Soy Protein Ingredients : Market Segmentation
FIG. 2 Global Soy Protein Ingredients Market: Research Methodology
FIG. 3 Market Positioning of Key Soy Protein Ingredients Companies, 2015
FIG. 4 Global Soy Protein Ingredients Market Size (US$), By Type, 2015
FIG. 5 Global Soy Protein Ingredients Market Size (US$), By Soy Protein Isolates, 2013 – 2023
FIG. 6 Global Soy Protein Ingredients Market Size (US$), By Soy Protein Concentrates, 2013 – 2023
FIG. 7 Global Soy Protein Ingredients Market Size (US$), By Soy Flour, 2013 – 2023
FIG. 8 Global Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
FIG. 9 Global Soy Protein Ingredients Market Size (US$), By Bakery and Confectionery, 2013 – 2023
FIG. 10 Global Soy Protein Ingredients Market Size (US$), By Processed Meat Products, 2013 – 2023
FIG. 11 Global Soy Protein Ingredients Market Size (US$), By Functional Foods, 2013 – 2023
FIG. 12 Global Soy Protein Ingredients Market Size (US$), By Dairy Replacers, 2013 – 2023
FIG. 13 Global Soy Protein Ingredients Market Size (US$), By Infant Foods, 2013 – 2023
FIG. 14 Global Soy Protein Ingredients Market Size (US$), By Others, 2013 – 2023
FIG. 15 Global Soy Protein Ingredients Market Size (US$), By Regions, 2015 & 2023
FIG. 16 North America Soy Protein Ingredients Market Size (US$), 2013 – 2023
FIG. 17 Europe Soy Protein Ingredients Market Size (US$), 2013 – 2023
FIG. 18 Asia Pacific Soy Protein Ingredients Market Size (US$), 2013 – 2023
FIG. 19 Latin America (LATAM) Soy Protein Ingredients Market Size (US$), 2013 – 2023
FIG. 20 Middle East and Africa Soy Protein Ingredients Market Size (US$), 2013 – 2023

List of Tables

TABLE 1 Market Snapshot: Global Soy Protein Ingredients Market
TABLE 2 North America Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 3 North America Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 4 U.S. Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 5 U.S. Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 6 Canada Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 7 Canada Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 8 Europe Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 9 Europe Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 10 Germany Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 11 Germany Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 12 France Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 13 France Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 14 Italy Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 15 Italy Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 16 U.K. Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 17 U.K. Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 18 Russia Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 19 Russia Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 20 Rest of Europe Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 21 Rest of Europe Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 22 Asia Pacific Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 23 Asia Pacific Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 24 India Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 25 India Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 26 China Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 27 China Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 28 Japan Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 29 Japan Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 30 Rest of Asia Pacific Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 31 Rest of Asia Pacific Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 32 Latin America Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 33 Latin America Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 34 Brazil Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 35 Brazil Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 36 Mexico Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 37 Mexico Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 38 Rest of Latin America Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 39 Rest of Latin America Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 40 MEA Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 41 MEA Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 42 GCC Countries Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 43 GCC Countries Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 44 South Africa Soy Protein Ingredients Market Size (US$), By Type, 2013 – 2023
TABLE 45 South Africa Soy Protein Ingredients Market Size (US$), By Application, 2013 – 2023
TABLE 46 Archer Daniels Midland Company: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 47 Dupont Nutrition & Health: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 48 Cargill, Incorporated: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 49 CHS Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 50 Kerry Group PLC: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 51 Wilmar International Limited: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 52 Nisshin Oillio Group, Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 53 Ruchi Soya Industries: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 54 AG Processing Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 55 Devansoy Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)

Frequently Asked Questions:

What is the size of Soy Protein Ingredients Market?

The market for Soy Protein Ingredients Market is expected to reach US$ 12.2 Bn By 2023.

What is the Soy Protein Ingredients Market CAGR?

The Soy Protein Ingredients Market is expected to see significant CAGR growth over the coming years, at 6.3%.

What is the Forecast period considered for Soy Protein Ingredients Market?

The report is forecasted from 2016-2023.

What is the base year considered for Soy Protein Ingredients Market?

The base year of this report is 2015.

Who are the major players in this market?

CHS Inc., Kerry Group PLC, Nisshin Oillio Group, Ltd., AG Processing Inc., Devansoy Inc. are some of the major players in the global market.

Low Calorie Food Market

Published:
Report ID: 12195

Food Preservatives Market

Published:
Report ID: 5660

Dairy Blends Market

Published:
Report ID: 4452

Sodium Benzoate Market

Published:
Report ID: 10462

Ready to Use Therapeutic Food Market

Published:
Report ID: 8866

Sunflower Oil Market

Published:
Report ID: 10108

Specialty Milk Formula Market

Published:
Report ID: 9566

UK Clean Label Starch Market

Published:
Report ID: 35481

Germany Clean Label Starch Market

Published:
Report ID: 35468

U.S. Clean Label Starch Market

Published:
Report ID: 35460

Confectionery Ingredients Market

Published:
Report ID: 4043

Bakery Ingredients Market

Published:
Report ID: 2311

Purchase Options

$2999
Delivery Format: Excel.
$4999
Designed for the individual purchaser.
$6999
Users located at a single corporate site or regional office.
$7999
Allowed for unlimited sharing globally within one company.
Smallform of Sample request

Have a question?

User Profile

Don’t settle for less – trust Mitul to help you find the best solution.

Report delivery within 24 to 48 hours

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –

Phone

+91 6232 49 3207


support

24/7 Research Support


sales@credenceresearch.com

– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN