In 2024, the global soy protein ingredients market was valued at USD 10.80 billion. It is projected to expand from USD 11.37 billion in 2025 to USD 18.02 billion by 2032, registering a compound annual growth rate (CAGR) of 6.81% over the forecast period. Asia Pacific emerged as the leading region, holding a 45.37% market share in 2024.

Soy protein serves as a vital source of essential amino acids required for complete human nutrition. Extracted from soybeans through processes like extrusion and crushing, soy protein is available in various forms, including soy flour, soy protein concentrate, and soy protein isolates. These ingredients are extensively used across the food and feed industries.

Information Source: https://www.fortunebusinessinsights.com/soy-protein-ingredients-market-109129 

Market Trends

Technological Innovations Enhance Product Functionality and Usability

Ongoing advancements in soy protein manufacturing technologies have significantly improved the versatility and performance of these ingredients. Today, soy protein is available in multiple forms such as extruded flakes, powders, chips, and chunks, broadening its application and boosting overall product appeal.

Segmentation Analysis

The market for soy protein ingredients is segmented by ingredient type, form, category, and application. By ingredient type, it includes soy protein concentrate, soy protein isolate, soy flour, and textured soy protein (TSP), with soy flour leading the segment due to its widespread use in both food and animal feed applications. In terms of form, the market is categorized into dry and liquid forms, with dry form dominating the market because of its cost-effectiveness, ease of storage, and convenient transportation.

By category, soy protein ingredients are classified into organic and conventional types, with the conventional segment holding the largest share owing to the continued reliance on traditional farming practices worldwide. In terms of application, the market is divided into food and feed, with the food sector accounting for the largest revenue share, driven by increasing demand for soy-based ingredients in the production of processed food products.

Regional Analysis

The market is geographically divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2024, Asia Pacific held the highest market share with a valuation of USD 4.90 billion, with China serving as a major producer and exporter of soybeans. In North America, especially in the U.S. and Canada, the demand for plant-based protein is growing rapidly, while in Europe, shifting dietary habits are playing a key role in driving increased consumption of soy protein.

Competitive Landscape

Strategic Initiatives by Leading Companies Drive Market Expansion

The soy protein ingredients market is moderately fragmented, with both domestic and global players actively competing. Companies are focusing on strategies like mergers and acquisitions, product innovation, and market expansion to strengthen their presence across various regions.

Report Scope

This market report offers an in-depth analysis of the global soy protein ingredients sector, covering key aspects such as market size, competitive landscape, ingredient grades, forms, categories, and application segments. It also includes valuable insights into emerging trends and notable industry developments.

Major Companies Profiled

• ADM (U.S.)
• Wilmar International Limited (Singapore)
• Cargill, Incorporated (U.S.)
• International Flavors and Fragrances Inc. (U.S.)
• CHS Inc. (U.S.)
• BRF Global (Brazil)
• Fuji Oil Holdings Inc. (Japan)
• Bunge Global SA (U.S.)
• The Scoular Company (U.S.)
• Crown Soya Protein Limited (China)

Key Industry Developments

• February 2024: Amfora introduced a new line of soy-based products, including soy flour, texturized vegetable protein, and crisps. These were developed using both traditional production methods and the company’s proprietary technologies.