PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1108417
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1108417
Global Soy Protein Market, By Type, By Distribution Channel, By End User By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa, Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Global Soy Protein Market to Grow at a CAGR of 7.4% during 2023-2028
Global Soy Protein Market is growing at a high rate because of the improving living standards, rising disposable incomes, increasing shift in preference from animal protein to plant-based protein due to global concerns along with the various benefits of soy protein…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Soy Protein Market was worth USD 10.94 Billion in the year 2022. It is estimated to grow at a CAGR of 7.4%, earning revenue of around USD 14.23 Billion by the end of 2028. The lucrative growth of the Global Soy Protein market is attributed to urbanization, the rising purchasing power of the consumer, expanding Food and Beverage industry, adoption of increasing consumption of Soy Protein snacks, and fast food, and protein supplements across the globe. Furthermore, Global Soy Protein Market is one of the most emerging markets that grow continuously owing to its advantages such as high protein content, cholesterol-free, lactose-free protein, and gluten-free. The demand for soy protein is also on the rise because of its growing application in Food and Beverages industry as a functional and nutritional ingredient, pharmaceuticals, cosmetics, and as the best alternative to animal protein. However, to some consumers, the bad smell of soybeans and their unpleasant flavor is undesirable for consumption of Soy Protein food due to its beany and grassy taste, which is the main restraining factor of the Global Soy Protein Market.
Some countries developed cultivating genetically modified crops that are scientifically harmful to health and the environment thereby affecting the Global Soy Protein Market. Soy Protein has many benefits in personal care and it is used in cosmetics usually as genistein, and soy isoflavone brightens the skin, boosts collagen production, decreases redness, and improves skin tone. Soy protein concentrates are beneficial for pregnant and lactating women, for children, and are widely used in pet food, and as a milk replacement for babies. Soy flour is a powder form of soybeans that contains natural oils, and it is gluten-free and used to prepare yeast-raised bread. Soy Protein is a complete protein and provides all essential amino acids for human health. In western countries, soy-based Protein bars, snacks, fast food, confectionery, dairy replacers, bakery, gluten-free, functional beverages, nutritional supplements, and pet foods, in general, are gaining huge popularity among consumers. Soy-Protein as an alternative to meat and dairy products that has the same benefits as animal protein has already carved a niche for itself in the Global Soy Protein Market due to its high protein and amino acid content. With increasing launches of different other soy protein Food, the Global Soy Protein Market is anticipated to propel during the forecast period (2023-2028).
Based on Distributional Channel, the Global Soy Protein Market is segmented into Online Retail, Convenience Stores, Supermarkets/Hypermarkets, and others. The Online Retail segment accounts for the largest market share as the demand for Soy Protein increased enormously by the vegetarian people. Also, due to rising mobile usage, advertisements, and the rapidly growing E-Commerce business, emerging sales of soy protein bars, gym protein supplements, plant-based food and confectionary products as well as a variety of soy protein food products are available on Online websites. Consequently, accelerating the growth of the Global Soy Protein Market during the forecast period . Based on End-User, the Global Soy Protein Market is segmented into Food and Beverages, Animal Feed, Cosmetics, and Protein Supplements. The Food and Beverages segment dominates the Global Soy Protein Market owing to the increasing need for protein in Food and Beverages, also rising consumption of alternative protein to animal protein leads to force manufacturers use soy protein as an alternative to meet the protein demand. This is followed by new products launches by manufacturers such as soy milk, soy flour, soy nuggets, soy nuts, soy snacks, and other soy-based protein products.
Geographically, the Global Soy Protein Market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA). The North America segment accounts to hold the largest share in the market owing to the rising health consciousness, increasing demand for a vegan diet, and increasing rate of working women outside the house leading to increase sales of ready-to-eat and packaged soy protein food products Also, the increasing research and development activities in this region are driving the Global Soy Protein Market growth during the forecast period. The sudden outbreak of COVID-19 adversely affected the growth of the Global Soy Protein Market. Initially, the sales declined due to which many productions halted during the complete lockdown, disruption in supply chains, and shortage of raw materials is the main reason which declines the growth of the Global Soy Protein Market. However, post-COVID-19, there is a surge in demand for soy protein-based Products because the health consciousness and well-being caused by the pandemic are expected to drive the growth of the Global Soy Protein Market in the future.
The leading market players in the Global Soy Protein market are Archer-Daniels-Midland, Cargill, Inc., Wilmar International Limited (Singapore), Ruchi Soya Industries Ltd (India), Nisshin Oillio Group, Ltd. (Japan), The Scoular Company (US), AG Processing Inc (US), Devansoy Inc. (US), E.I. Du Pont De Nemours, Company (US), CHS Inc. (US), Kerry Group plc (Ireland), Kellogg Company, Kraft Heinz Company, and other prominent players. The Global Soy Protein Market is highly consolidated with the presence of multinational Food and Beverages companies. These companies constantly launch a wide range of products with innovations to attract consumers and significantly invest in research and development activities to further innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Soy Protein Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Soy Protein market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. Global Soy Protein Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. GROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. Global Soy Protein Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Isolate
- 5.2.1.2. Concentrate
- 5.2.1.3. Textured/Hydrolyzed
- 5.2.1.4. Soy Protein Flour
- 5.2.2. By Distribution Channel
- 5.2.3.1 Online Retail
- 5.2.3.2 Convenience Stores
- 5.2.3.3 Supermarkets/Hypermarkets
- 5.2.3.4 Others
- 5.2.3. By End-User
- 5.2.3.1. Food and Beverages
- 5.2.3.2. Animal Feed
- 5.2.3.3. Cosmetics
- 5.2.3.4. Protein Supplements
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia-Pacific
- 5.2.4.4. Latin America
- 5.2.4.5. Middle-East and Africa
- 5.2.1. By Type
6. North America Soy Protein Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Distribution Channel
- 6.2.3. By End-User
- 6.2.4. By Region
- 6.2.4.1. United States
- 6.2.4.2. Canada
7. Europe Soy Protein Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Distribution Channel
- 7.2.3. By End-User
- 7.2.4. By Region
- 7.2.4.1. Germany
- 7.2.4.2. United Kingdom
- 7.2.4.3. Italy
- 7.2.4.4. France
- 7.2.4.5. Spain
- 7.2.4.6. Rest of Europe
8. Asia Pacific Soy Protein Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Distribution Channel
- 8.2.3. By End-User
- 8.2.4. By Region
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. South Korea
- 8.2.4.5. Rest of Asia Pacific
9. Latin America Soy Protein Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Distribution Channel
- 9.2.3. By End-User
- 9.2.4. By Region
- 9.2.4.1. Brazil
- 9.2.4.2. Mexico
- 9.2.4.3. Rest of Latin America
10. Middle East & Africa Soy Protein Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Distribution Channel
- 10.2.3. By End-User
- 10.2.4. By Region
- 10.2.4.1. Saudi Arabia
- 10.2.4.2. UAE
- 10.2.4.3. South Africa
- 10.2.4.4. Rest of the Middle East & Africa
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of COVID-19 on Soy Protein Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Archer-Daniels-Midland
- 13.2. Cargill, Inc.
- 13.3. Wilmar International Limited (Singapore)
- 13.4. Ruchi Soya Industries Ltd (India)
- 13.5. Nisshin Oillio Group, Ltd. (Japan)
- 13.6. The Scoular Company (US)
- 13.7. AG Processing Inc (US)
- 13.8. Devansoy Inc. (US)
- 13.9. E.I. Du Pont De Nemours
- 13.10. Company (US)
- 13.11. CHS Inc. (US)
- 13.12. Kerry Group plc (Ireland)
- 13.13. Kellogg Company
- 13.14. Kraft Heinz Company
- 13.15. Other prominent players.
- 13.16.
14. Key Strategic Recommendations
List of Figures
Figure 1 Global Soy Protein Market Segmentation
- Figure 2 Global Soy Protein Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Global Soy Protein Market Size, By Value (USD Billion), 2018-2028
- Figure 5 Global Soy Protein Market Share, By Type, By Value, 2018-2028
- Figure 6 Global Soy Protein Market Share, By Region, By Value, 2018-2028
- Figure 7 Global Soy Protein Market Share, By End-User, By Value, 2018-2028
- Figure 8 Global Soy Protein Market Share, By Region, By Value, 2018-2028
- Figure 9 North America Soy Protein Market Size, By Value (USD Billion), 2018-2028
- Figure 10 North America Soy Protein Market Share, By Type, By Value, 2018-2028
- Figure 11 North America Soy Protein Market Share, By Value, 2018-2028
- Figure 12 North America Soy Protein Market Share, By End-User, By Value, 2018-2028
- Figure 13 North America Soy Protein Market Share, By Country, By Value, 2018-2028
- Figure 14 Europe Soy Protein Size, By Value (USD Billion), 2018-2028
- Figure 15 Europe Soy Protein Share, By Type, By Value, 2018-2028
- Figure 16 Europe Soy Protein Market Share, By Value, 2018-2028
- Figure 17 Europe Soy Protein Market Share, By End-User, By Value, 2018-2028
- Figure 18 Europe Soy Protein Market Share, By Country, By Value, 2018-2028
- Figure 19 The Asia-Pacific Soy Protein Market Size, By Value (USD Billion), 2018-2028
- Figure 20 The Asia-Pacific Soy Protein Market Share, By Product, By Value, 2018-2028
- Figure 21 The Asia-Pacific Soy Protein Market Share, By Value, 2018-2028
- Figure 22 The Asia-Pacific Soy Protein Market Share, By End-User, By Value, 2018-2028
- Figure 23 The Asia-Pacific Soy Protein Market Share, By Country, By Value, 2018-2028
- Figure 24 Latin America Soy Protein Market Size, By Value (USD Billion), 2018-2028
- Figure 25 Latin America Soy Protein Market Share, By Product, By Value, 2018-2028
- Figure 26 Latin America Soy Protein Market Share, By Value, 2018-2028
- Figure 27 Latin America Soy Protein Market Share, By End-user, By Value, 2018-2028
- Figure 28 Latin America Soy Protein Market Share, By Country, By Value, 2018-2028
- Figure 29 The Middle East & Africa Soy Protein Market Size, By Value (USD Billion), 2018-2028
- Figure 30 The Middle East & Africa Soy Protein Market Share, By Product, By Value, 2018-2028
- Figure 31 The Middle East & Africa Soy Protein Market Share, By Product, By Value, 2018-2028
- Figure 32 The Middle East & Africa Soy Protein Market Share, By Region, By Value, 2018-2028
- Figure 33 The Middle East & Africa Soy Protein Market Share, By Country, By Value, 2018-2028
List of Tables
- Table 1 Global Soy Protein Market Size, By Product, By Value, 2018-2028
- Table 2 Global Soy Protein Market Size, By Value, 2018-2028
- Table 3 Global Soy Protein Market Size, By End-User, By Region, 2018-2028
- Table 4 Global Soy Protein Market Size, By Region, By Value, 2018-2028
- Table 5 North America Soy Protein Market Size, By Type, By Value, 2018-2028
- Table 6 North America Soy Protein Market Size, By Value, 2018-2028
- Table 7 North America Soy Protein Market Size, By End-User, By Value, 2018-2028
- Table 8 North America Soy Protein Market Size, By Country, By Value, 2018-2028
- Table 9 Europe Soy Protein Market Size, By Product, By Value, 2018-2028
- Table 10 Europe Soy Protein Market Size, By Distribution Channel, By Value, 2018-2028
- Table 11 Europe Soy Protein Market Size, By Value, 2018-2028
- Table 12 Europe Soy Protein Market Size, By Country, By Value, 2018-2028
- Table 13 The Asia-Pacific Soy Protein Market Size, By Value, 2018-2028
- Table 14 The Asia-Pacific Soy Protein Market Size, By Type, 2018-2028
- Table 15 The Asia-Pacific Soy Protein Market Size, By End-User, By Value, 2018-2028
- Table 16 The Asia-Pacific Soy Protein Market Size, By Country, By Value, 2018-2028
- Table 17 Latin America Soy Protein Market Size, By Type, By Value, 2018-2028
- Table 18 Latin America Soy Protein Market Size, By Value, 2018-2028
- Table 19 Latin America Soy Protein Market Size, By End-User, By Value, 2018-2028
- Table 20 Latin America Soy Protein Market Size, By Country, By Value, 2018-2028
- Table 21 The Middle East & Africa Soy Protein Market Size, By Category, By Value, 2018-2028
- Table 22 The Middle East & Africa Soy Protein Market Size, By Value, 2018-2028
- Table 23 The Middle East & Africa Soy Protein Market Size, By End-User, By Value, 2018-2028
- Table 24 The Middle East & Africa Soy Protein Market Size, By Country, By Value, 2018-2028
- Table 25 Archer-Daniels-Midland Company Overview
- Table 26 Archer-Daniels-Midland Financial Overview
- Table 27 Cargill, Inc. Company Overview
- Table 28 Cargill, Inc. Financial Overview
- Table 29 Wilmar International Limited (Singapore) Company Overview
- Table 30 Wilmar International Limited (Singapore) Financial Overview
- Table 31 Ruchi Soya Industries Ltd (India) Company Overview
- Table 32 Ruchi Soya Industries Ltd (India) Financial Overview
- Table 33 Nisshin Oillio Group Company Overview
- Table 34 Nisshin Oillio Group Financial Overview
- Table 35 The Scoular Company (US) Company Overview
- Table 36 The Scoular Company (US) Financial Overview
- Table 37 AG Processing Inc (US) Company Overview
- Table 38 AG Processing Inc (US) Financial Overview
- Table 39 Devansoy Inc. (US) Overview
- Table 40 Devansoy Inc. (US) Financial Overview
- Table 41 E.I. Du Pont De Nemours Company (US) Company Overview
- Table 42 E.I. Du Pont De Nemours Company (US) Financial Overview
- Table 43 CHS Inc. (US) Company Overview
- Table 44 CHS Inc. (US) Financial Overview
- Table 45 Kerry Group plc (Ireland) Company Overview
- Table 46 Kerry Group plc (Ireland) Financial Overview
- Table 47 Kellogg Company Company Overview
- Table 48 Kellogg Company Corporation Financial Overview
- Table 49 Kraft Heinz Company Company Overview
- Table 50 Kraft Heinz Company Financial Overview
- Table 51 Other prominent players Company Overview
- Table 52 Other prominent players Financial Overview
