Soy Protein Concentrate Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Soy Protein Concentrate Market size was valued at USD 1,032.90 Million in 2023 and is predicted to reach USD 2,947.80 Million by the end of 2032. The market is expected to grow with a CAGR of 12.48% during the forecast period. The report analyzes the global Soy Protein Concentrate Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Soy Protein Concentrate Market industry.

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Global Soy Protein Concentrate Market: Overview

Soy protein concentrate is generally prepared from dehulled, clean, and high-quality seeds of soybean by removal of oil and water-soluble non-protein constituents. Soy protein concentrates as compared to other sources of protein are much more in functional food, are less expensive, and have high nutritional value. In the last few decades, soy protein concentrates have become an important product and are highly acknowledged by several food industries.

Global Soy Protein Concentrate Market: Growth Factors

The global market for soy protein concentrate is growing at a lucrative rate. Some of the fundamental factors that are bolstering the growth of the global market include growing demand for functional foods, increase in preference towards protein-rich diet, and rise in use of soy protein concentrate from the food industry owing to its low cost & natural food source. Further, soy protein concentrate can be used in a broad spectrum of applications ranging from meat, fish, poultry, and meat alternatives to soups & sauces, nutritional beverages, dairy replacements, nutrition bars & cereal, and ice cream novelties. This is because it improves performance, enhances viscosity, maintains cost reductions or improves nutritional values, improves emulsification, increases water retention & juiciness, and improves texture.

In addition to this, it is also widely used in poultry pre-starter feed. All such factors are spurring the growth of the global soy protein concentrate market. In addition to this, the growing trend of veganism and the increase in the use of soy protein concentrate as emulsifying agents are also fostering the growth of the global market. Moreover, growing consumer health consciousness is adding up to the growth of the market. Furthermore, growing focus and heavy investment from the manufacturers in product innovation especially GMO-free soy protein concentrate may offer better opportunities for the growth of the global soy protein concentrate market during the forecast period. However, low penetration of the market in low and middle-income countries is likely to hamper the growth of the global soy protein concentrate market.

Panic buys of nutrients and protein concentrate amid the COVID-19 pandemic has already fueled the soy protein concentrate market growth. Increased preference for a healthy diet increased the consumption of protein concentrates around the world. However, disruption in supply chain and restriction on manufacturing process has affected the product supply. In addition to this, manufacturers are struggling to maintain product demand due to less workforce. However, with the complete unlock of pandemic restriction the market is expected to grow at a healthy rate.

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Global Soy Protein Concentrate Market: Segmentation

The global soy protein concentrate market is bifurcated based on grade, form, application, function and region.

By grade, the global soy protein concentrate market is categorized as food grade and feed grade.

Based on form, the global soy protein concentrate market is divided into dry and liquid.

The application segment of the soy protein concentrate market is classified as meat processing, animal feed, bakery & confectionery, and others.

By function, the global soy protein concentrate market is bifurcated into fat & water absorption, emulsifier, nutrients, texturants, and others.

Soy Protein Concentrate Market : Report Scope

Global Soy Protein Concentrate Market: Regional Analysis

Asia Pacific is anticipated to offer the most lucrative prospective for the growth of the soy protein concentrate market. Some of the major factors contributing to the rapid growth of the market in this region include increasing awareness regarding the benefits of protein intake. Rapidly increasing use of soy concentrates in animal farms due to its affordability & effectiveness, presence of local manufacturers, and a strong network of suppliers & distributors. North America followed by Europe is also expected to contribute healthy revenue in the global soy protein concentrate market during the forecast period.

Global Soy Protein Concentrate Market: Competitive Players

Soy protein concentrate market is highly competitive and the major players operating in the global soy protein concentrate market are:

• Cargill, Inc.
• Kerry Group
• E.I. Dupont De Nemours and Company
• Burcon NutraScience Corporation
• Archer Daniels Midland Company
• NOW Health Group, Inc.
• Sotexpro
• Farbest Brands
• Wilmar International Ltd.
• CHS Inc. among others.

The Global Soy Protein Concentrate Market is segmented as follows:

By Grade 

• food grade
• feed grade 

By Form 

• dry and 
• liquid 

By Application 

• meat processing
• animal feed 
• bakery & confectionery
• and others 

By Function 

• fat & water absorption
• emulsifier
• nutrients 
• texturants 
• and others

Global Soy Protein Concentrate Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.