Global Soy Protein Concentrate Market Segmentation, By Form (Dry and Liquid), Nature (Organic and Conventional), Function (Solubility, Gelation, Emulsification, Water Binding, Foaming, Texturizing Agent, Stabilizer, Thickening Agent, Nutrients, Fat and Water Absorption, and Others), Application (Food Products, Beverages, Nutraceuticals, and Dietary Supplements, Cosmetics and Personal Care, Animal Feed, Pharmaceuticals, and Others) – Industry Trends and Forecast to 2031.
Soy Protein Concentrate Market Analysis
The soy protein concentrate market is experiencing robust growth, driven by increasing demand for plant-based protein sources in both the food and feed industries. As consumers shift towards healthier and sustainable diets, soy protein concentrate is gaining traction in various food applications, including meat alternatives, dairy substitutes, and protein-rich snacks. Its high protein content, affordability, and versatile functionality make it a preferred ingredient in these sectors. Additionally, the growing popularity of vegan and vegetarian lifestyles is further propelling demand for soy protein concentrate in plant-based product formulations. The market is also benefiting from the expansion of the animal feed industry, where soy protein concentrate is valued for its nutritional benefits and cost-effectiveness.
Soy Protein Concentrate Market Size
Global soy protein concentrate market size was valued at USD 2.97 billion in 2023 and is projected to reach USD 7.97 billion by 2031, with a CAGR of 13.1% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Soy Protein Concentrate Market Trends
“Increased Use in Animal Feed”
The increased use of soy protein concentrate in animal feed represents a significant market trend driven by its nutritional benefits and functional properties. In both aquaculture and livestock sectors, soy protein concentrate is valued for its high protein content and superior digestibility, making it an essential ingredient in feed formulations. Its ability to support optimal growth, health, and feed efficiency in animals contributes to steady and growing demand from the animal nutrition industry. As the global population rises and demand for animal protein continues to increase, the need for high-quality, cost-effective feed ingredients like soy protein concentrate is becoming more pronounced. This trend is further supported by advancements in animal feed technologies that enhance the efficacy of soy protein concentrate, ensuring its continued relevance in the evolving feed market. The expanding use of soy protein concentrate in animal nutrition underscores its critical role in meeting the nutritional needs of both farmed and aquatic animals, thereby bolstering its market presence and growth prospects.
Report Scope and Market Segmentation
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Attributes
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Soy Protein Concentrate Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Key Market Players
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Cargill Incorporated (U.S.), DuPont (U.S.), ADM (U.S.), THE VINCENT CORPORATION (U.S.), Wilmar International Ltd (Singapore), Batory Foods (U.S.), Nordic Soya Oy (Finland), Aminola (U.S.), Crown Soya Protein Group Company (China), Solbar Ningbo Protein Technology Co., Ltd (China), Victoria Group (Serbia), Yuwang (China), Shandong Yuxin Biotechnology Co., Ltd (China), Gushen Biotechnology Group Co., Ltd. (China), Arshine Pharmaceutical Co., Limited (China), Tianwei Biotech Group Co., Ltd. (China), and Foodchem International Corporation (China)
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Market Opportunities
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Value Added Data Infosets
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Soy Protein Concentrate Market Definition
Soy protein concentrate is a high-protein product made from defatted soybeans by removing most of the water-soluble carbohydrates. It typically contains around 65-70% protein and retains much of the soybean's fiber content. Soy protein concentrate is commonly used in food products such as meat alternatives, baked goods, cereals, and nutritional supplements due to its high protein content and ability to improve texture.
Soy Protein Concentrate Market Dynamics
Drivers
- Rising Demand for Plant-Based Proteins
The increasing consumer preference for plant-based diets is driving the soy protein concentrate market's growth as it becomes a key ingredient in a variety of food products. As more individuals turn to plant-based eating for health, ethical, and environmental reasons, soy protein concentrate is being integrated into meat alternatives, dairy substitutes, and protein supplements. Its high protein content, affordability, and functional benefits make it a popular choice among manufacturers aiming to cater to this growing demographic. This trend is not only expanding the market for soy protein concentrate but also positioning it as a staple in the evolving landscape of plant-based foods.
- Expansion of the Vegan and Vegetarian Population
The global rise in vegan and vegetarian populations is significantly boosting the demand for soy protein concentrate. As more consumers adopt plant-based diets for reasons ranging from health to environmental concerns, the need for versatile and cost-effective protein sources increases. Soy protein concentrate, with its rich protein profile and functional versatility, is well-suited to meet this demand across various food products. This trend highlights the growing importance of soy protein concentrate in catering to the nutritional needs of a diverse and expanding segment of the population seeking plant-based alternatives.
Opportunities
- Development of Non-GMO and Organic Soy Protein Concentrates
The increasing consumer demand for clean-label and non-GMO products presents significant opportunities for the development of non-GMO and organic soy protein concentrates. As health-conscious and environmentally aware consumers seek out products that align with their values, expanding the production of non-GMO and organic soy protein concentrates can tap into this growing market segment. By addressing consumer preferences for transparency and sustainability, manufacturers can differentiate their products and capture new market opportunities in the premium segment of the soy protein concentrate market.
- Growth in Sports Nutrition and Protein Supplements
The rapid expansion of the sports nutrition sector presents a valuable opportunity for soy protein concentrate. As athletes and fitness enthusiasts increasingly seek plant-based protein options for muscle recovery and strength-building, soy protein concentrate emerges as a sustainable and affordable choice. Its high protein content and functional properties make it an attractive ingredient in protein shakes, bars, and other supplements. Capitalizing on this growth trend allows manufacturers to position soy protein concentrate as a key player in the sports nutrition market, catering to the rising demand for plant-based performance nutrition.
Restraints/Challenges
- Allergic Reactions to Soy
Soy allergies remain a significant concern for a portion of the population, which may impact the market for soy protein concentrate. Allergic reactions to soy can cause discomfort and health issues for those affected, leading some consumers to avoid soy-based products altogether. This consumer apprehension can limit the adoption of soy protein concentrate in both individual diets and commercial food products.
- Fluctuating Soybean Prices
The price of soy protein concentrate is closely linked to the cost of soybeans, which can be subject to fluctuations due to various factors such as weather conditions, trade policies, and global supply-demand dynamics. These price fluctuations can lead to volatility in the cost of soy protein concentrate, posing challenges for manufacturers and impacting overall market stability. As soybean prices rise or fall unpredictably, it affects the cost structure and profitability of soy protein concentrate production, necessitating strategies for managing price volatility and ensuring consistent supply.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Soy Protein Concentrate Market Scope
The market is segmented on the basis of form, nature, function, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Dry
- Liquid
Nature
- Organic
- Conventional
Function
- Solubility
- Gelation
- Emulsification
- Water Binding
- Foaming
- Texturizing Agent
- Stabilizer
- Thickening Agent
- Nutrients
- Fat and Water Absorption
- Others
Application
- Food Products
- Bakery and Confectionary
- Meat Processing
- Beverages
- Nutraceuticals and Dietary Supplements
- Cosmetics and Personal Care
- Animal Feed
- Pharmaceuticals
- Others
Global Soy Protein Concentrate Market Regional Analysis
The market is analyzed and market size insights and trends are provided by country, form, nature, function, and application as referenced above.
The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America is expected to dominate the market due to its substantial production and consumption within the conventional segment. The region’s dominance is further reinforced by the robust growth of its foodservice sector, which drives increased demand for conventional soy protein concentrate products. As foodservice operations expand, there is a heightened need for cost-effective and versatile protein sources, bolstering the consumption of soy protein concentrate.
Asia-Pacific is expected to be the fastest growing due to the increasing demand for soy protein concentrate within the food and beverages industry. As China's middle class expands and consumer preferences shift towards healthier and plant-based options, the demand for soy protein concentrate in food products and beverages is rising. The region’s growing food and beverage sector, coupled with increasing disposable incomes, supports this upward trend.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Global Soy Protein Concentrate Market Share
The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Soy Protein Concentrate Market Leaders Operating in the Market Are:
- Cargill Incorporated (U.S.)
- DuPont (U.S.)
- ADM (U.S.)
- THE VINCENT CORPORATION (U.S.)
- Wilmar International Ltd (Singapore)
- Batory Foods (U.S.)
- Nordic Soya Oy (Finland)
- Aminola (U.S.)
- Crown Soya Protein Group Company (China)
- Solbar Ningbo Protein Technology Co., Ltd (China)
- Victoria Group (Serbia)
- Yuwang (China)
- Shandong Yuxin Biotechnology Co., Ltd (China)
- Gushen Biotechnology Group Co., Ltd. (China)
- Arshine Pharmaceutical Co., Limited (China)
- Tianwei Biotech Group Co., Ltd. (China)
- Foodchem International Corporation (China)
Latest Developments in Soy Protein Concentrate Market
- In June 2023, Nutra Ingredients launched a new soy protein concentrate enriched with essential amino acids, targeting the sports nutrition market. This innovative product promises enhanced muscle recovery and growth benefits, broadening the application of soy protein concentrates within the sports nutrition industry
- In July 2020, DuPont expanded its Danisco Planit portfolio with the launch of new products such as Response Textured Soy Protein Concentrates and Alpha Functional soy protein concentrates, catering to diverse applications and enhancing its soy protein concentrate offerings
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