North America Soy Protein Market Size and Forecast 2021-2031, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type, Category, Form, Application, and Country

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The North America soy protein market size was valued at US$ 1.48 billion in 2024 and is projected to reach US$ 2.41 billion by 2031; it is expected to register a CAGR of 7.2% from 2025 to 2031.

North America has a rapid mainstream adoption of flexitarian, vegetarian, and vegan lifestyles. Consumers are seeking to reduce their consumption of animal protein for reasons related to personal health, environmental sustainability, and animal welfare. Soy protein, a complete plant-based protein containing all nine essential amino acids, presents a nutritionally versatile alternative to other plant sources. This versatility has positioned it as the foundational ingredient in the plant-based food category, particularly in meat and dairy alternatives that aim to replicate the sensory experience of animal products.

The American Heart Association recognizes the cardiovascular benefits of incorporating plant-based proteins into one's diet, noting their association with lower cholesterol levels. This scientific validation lends credibility to soy-based products, moving them beyond a niche category into the mainstream health conversation. The sports nutrition and active lifestyle markets embrace soy protein isolate for its high bioavailability and muscle recovery benefits. It is a staple in protein

powders, shakes, and bars for athletes and fitness enthusiasts seeking clean-label, plant-based options. Advancements in food science and manufacturing are overcoming previous barriers to adoption. Early consumer objections centered on taste and texture have been primarily addressed. Manufacturers have minimized the "beany" off notes through improved processing techniques and created neutral-tasting, highly functional ingredients. This process has enabled the development of a new generation of plant-based products that closely mimic the taste, mouthfeel, and appearance of meat and dairy, making them palatable to a broader audience beyond committed vegans and driving repeat purchases.

Moreover, from a formulation and operational standpoint, soy protein's extensive functional properties and compelling cost-in-use make it an economically indispensable ingredient for North American food manufacturers. Its value extends beyond protein content, as it performs critical technical roles impacting product quality, shelf-life, and production efficiency. Soy protein's

exceptional water-binding and fat-absorption capacities improve yield, manage moisture loss, and enhance texture in applications such as meat analogues and baked goods. Its emulsification properties are vital for creating stable, desirable consistencies in dairy-free beverages and yogurts, preventing ingredient separation. Most critically, through extrusion technology, it can be texturized (TVP) to mimic the fibrous matrix and chew of animal muscle, a functional feat that alternative proteins cannot achieve alone. This multifunctionality reduces the need for additional expensive additives. Coupled with this technical performance is its economic advantage. Due to the mature, scalable, and efficient North Ameircan soybean agricultural and processing infrastructure, soy protein offers a vastly superior cost-per-gram-of-protein

than animal-based sources and emerging plant proteins.

Some of the key players operating in the North America soy protein market are International Flavors & Fragrances Inc., Cargill Inc., Archer Daniels Midland Company, Bunge Global SA, SunOpta Inc., Farbest-Tallman Foods Corp, The Scoular Co., Sun Nutrafoods, Associated British Foods Plc, and American International Foods Inc.

The overall North America soy protein market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the North America soy protein market.

Product Code: TIPRE00041007

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
3.3 Assumptions and Limitations

4. North America Soy Protein Market Landscape

4.1 Overview
4.2 Porter's Five Force Analysis
- 4.2.1 Bargaining Power of Suppliers:
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of Substitutes
- 4.2.4 Threat of New Entrants
- 4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors or Suppliers:
- 4.3.4 End Users
- 4.3.5 List of Vendors in the Value Chain
4.4 Average Selling Price, 2024

5. North America Soy Protein Market - Key Market Dynamics

5.1 North America Soy Protein Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Rising Consumer Demand for Plant-Based Proteins
- 5.2.2 Health and Wellness Trend Promoting High-Protein Diets
- 5.2.3 Functional Benefits and Cost-Effectiveness as an Ingredient
5.3 Market Restraints
- 5.3.1 Intense Competition from Alternative Plant-Based Proteins
- 5.3.2 Volatility in Raw Material (Soybean) Commodity Prices
- 5.3.3 Stringent Food Safety and Regulatory Compliance Hurdles
5.4 Market Opportunities
- 5.4.1 Innovation in Taste-Masking and Texturization Technologies
- 5.4.2 Expansion into New Applications Beyond Meat Alternatives
- 5.4.3 Leveraging Non-GMO and Organic Product Premiumization
5.5 Future Trends
- 5.5.1 Blended Protein Solutions for Enhanced Nutrition and Functionality
- 5.5.2 Expanding Demand for Sports and Medical Nutrition Formulations
- 5.5.3 Capitalizing on Sustainability and Upcycling
5.6 Impact of Drivers and Restraints:

6. North America Soy Protein Market Analysis

6.1 North America Soy Protein Market Volume and Forecast (Kilo Tons), 2021-2031
6.2 North America Soy Protein Market Volume Forecast and Analysis (Kilo Tons)
6.3 North America Soy Protein Market Revenue and Forecast (US$ Million), 2021-2031
6.4 North America Soy Protein Market Revenue Forecast and Analysis (US$ Million)

7. North America Soy Protein Market Volume and Revenue Analysis - by Type

7.1 Soy Protein Concentrate
- 7.1.1 Overview
- 7.1.2 Soy Protein Concentrate: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 Soy Protein Concentrate: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Soy Protein Isolate
- 7.2.1 Overview
- 7.2.2 Soy Protein Isolate: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 Soy Protein Isolate: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Textured Soy Protein
- 7.3.1 Overview
- 7.3.2 Textured Soy Protein: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.3.3 Textured Soy Protein: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Soy Flour and Grits
- 7.4.1 Overview
- 7.4.2 Soy Flour and Grits: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.4.3 Soy Flour and Grits: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. North America Soy Protein Market Volume and Revenue Analysis - by Category

8.1 Conventional
- 8.1.1 Overview
- 8.1.2 Conventional: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.1.3 Conventional: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Organic
- 8.2.1 Overview
- 8.2.2 Organic: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.2.3 Organic: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. North America Soy Protein Market Volume and Revenue Analysis - by Form

9.1 Dry
- 9.1.1 Overview
- 9.1.2 Dry: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.1.3 Dry: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Liquid
- 9.2.1 Overview
- 9.2.2 Liquid: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.2.3 Liquid: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. North America Soy Protein Market Volume and Revenue Analysis - by Application

10.1 Bakery and Confectionery
- 10.1.1 Overview
- 10.1.2 Bakery and Confectionery: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.1.3 Bakery and Confectionery: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 Meat Alternatives
- 10.2.1 Overview
- 10.2.2 Meat Alternatives: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.2.3 Meat Alternatives: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3 Dairy Alternatives
- 10.3.1 Overview
- 10.3.2 Dairy Alternatives: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.3.3 Dairy Alternatives: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4 Infant Nutrition
- 10.4.1 Overview
- 10.4.2 Infant Nutrition: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.4.3 Infant Nutrition: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.5 Protein Supplements
- 10.5.1 Overview
- 10.5.2 Protein Supplements: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.5.3 Protein Supplements: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.6 Animal Nutrition
- 10.6.1 Overview
- 10.6.2 Animal Nutrition: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.6.3 Animal Nutrition: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.7 Others
- 10.7.1 Overview
- 10.7.2 Others: North America Soy Protein Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 10.7.3 Others: North America Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. North America Soy Protein Market - Country Analysis

11.1 North America
- 11.1.1 North America Soy Protein Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.1 North America Soy Protein Market - Volume and Forecast Analysis - by Country
  - 11.1.1.2 North America Soy Protein Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.3 United States: Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.3.1 United States: Soy Protein Market Breakdown, by Type
    - 11.1.1.3.2 United States: Soy Protein Market Breakdown, by Category
    - 11.1.1.3.3 United States: Soy Protein Market Breakdown, by Form
    - 11.1.1.3.4 United States: Soy Protein Market Breakdown, by Application
  - 11.1.1.4 Canada: Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.4.1 Canada: Soy Protein Market Breakdown, by Type
    - 11.1.1.4.2 Canada: Soy Protein Market Breakdown, by Category
    - 11.1.1.4.3 Canada: Soy Protein Market Breakdown, by Form
    - 11.1.1.4.4 Canada: Soy Protein Market Breakdown, by Application
  - 11.1.1.5 Mexico: Soy Protein Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.5.1 Mexico: Soy Protein Market Breakdown, by Type
    - 11.1.1.5.2 Mexico: Soy Protein Market Breakdown, by Category
    - 11.1.1.5.3 Mexico: Soy Protein Market Breakdown, by Form
    - 11.1.1.5.4 Mexico: Soy Protein Market Breakdown, by Application

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Market Share Analysis, 2024

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers & Acquisitions

14. Company Profiles

14.1 International Flavors & Fragrances Inc
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Cargill Inc
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Archer Daniels Midland Company
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Bunge Global SA
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 SunOpta Inc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Farbest-Tallman Foods Corp
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 The Scoular Co
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Sun Nutrafoods
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Associated British Foods Plc
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 American International Foods Inc
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners