Global Soy Protein Isolate Market to Surge, Reaching USD 8.57 Billion by 2034

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The market size for global soy protein isolate sales is estimated to be worth USD 3,675.1 million in 2024. The soy protein isolate market is expected to reach USD 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.

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 USD 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.

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, Nutra Food Ingredients LLC, Osage Food Products, and Dupont De Numerous Company are all key players in the food and agricultural industries.

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.

In-Depth Market Analysis: A Complete Report

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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