Soy Protein Isolate Market Research, 2031
The global Soy Protein Isolate Market Size was valued at $2.9 billion in 2021, and is projected to reach $4.5 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.
Soy protein isolate is prepared from defatted soy meal by utilizing aqueous or mild alkali extraction of soluble carbohydrates and proteins. The undoable residue, substantially carbohydrate, is therefore removed by centrifugation, followed by a rush of soy protein at its isoelectric point. The precipitated protein is separated by mechanical decanting and is washed and neutralized as well as spray-dried. The resulting product is an extremely purified proteinate form of soy protein with minimum beany flavor. Consecutively, the final precipitate is further washed and dried without neutralization to give an isoelectric form of soy isolates.
An increase in consumer awareness regarding health consciousness and immunity is encouraging the enclosure of nutritive values in food products. With this trend picking up pace, the frequency of product launches has increased in the food sector. Furthermore, the rise in the number of health issues associated with obesity has encouraged both international organizations and the government to promote the consumption and product of soy protein insulates, which is propelling the market growth.
In addition, the shift toward vegetarianism over the last few years is driving the demand for soy protein isolate, as consumers are getting more sensitive regarding animal welfare as well as the environment and conditions in which they are born and bred. Thus, animal welfare is one of the major reasons, which is leading consumers to choose soy protein isolate. Furthermore, numerous consumers are suffering from food-borne allergies and intolerances, which have led to a tendency for eating plant-based substitutes, such as soy protein isolate. Therefore, owing to the rise in awareness and numerous benefits associated with the consumption of soy protein isolates has significantly propelled the market growth.
The infant foods segment offers maximum market potential in the soy protein isolate market, owing to an increase in demand for soy protein isolate across infant foods and readymade and packaged food products. Moreover, the rise in demand for efficient and cost-effective meat alternatives across infants is another key aspect fueling the demand for soy protein isolate across the globe. The use of soy protein isolate in infant foods has witnessed major developments, due to constant growth in per capita disposable income and a rise in demand for soy protein isolate. However, increasing costs and the threat of substitutes are expected to affect the overall market growth in developed and developing countries. Furthermore, investments in R&D activities to produce cost-effective and high-in-nutrition soy protein isolates are expected to provide opportunities for market growth in the future.
Also, as consumers are becoming more health-conscious and aware of the unhealthy production and cultivation of food crops and their effect on the body, the demand for organic products is rising in the market. For instance, benefits associated with organic products include no usage of harmful chemicals, fertilizers, genetically modified (GM) ingredients or pesticides.
In addition, according to the Research Institute of Organic Agriculture (FIBL), the global revenue generated from the organic market in 2019 was $123 million with 3.1 million of producers of organic agriculture globally. Furthermore, Australia has the largest organic agricultural land of 35.7 billion hectares and Europe has 16.5 million hectares, which is equivalent to more than 60% of the global organic area, followed by Latin America and Asia-Pacific with 11% and 5.9%, respectively. FIBL has further estimated that globally 1.5% of the farmland is organic, and due to the rise in demand for organic products, this share is rising correspondingly. Moreover, many consumers have negative perceptions regarding GM products, despite endorsements from leading, global scientific organizations. In addition, more than 75% of consumers globally think non-GMO food products are healthier. GMOs rank remains at the top list of food concerns among global shoppers. Therefore, key players are stepping forward to introduce organic products to meet the growing demand. In addition, a rise in spending on organic products and an increase in disposable income, especially in developing countries, including China, India, Brazil, and Mexico are expected to propel the growth of the organic products market, which, in turn, is likely to propel the growth of the soy protein isolate market.
Furthermore, in organic soy proteins, the use of chemical, artificial additives, preservatives, or non-organic ingredients is negligible during production, processing, and preservation processes. Key players in the market are marketing soy products with organic labeling, as these products are derived from organically grown raw materials, including wheat, pea, and soy. Furthermore, a rise in health concerns along with an increase in consumer awareness regarding health benefits associated with the consumption of organic products are factors expected to increase the demand for organic soy protein isolates, which is anticipated to offer remunerative opportunities for the expansion of the global market during the forecast period.
The soy protein isolate market is segmented into application, form, end user, and region. Depending on the application, the market is divided into food, beverage, medicines, and others. On the basis of form, the market is segregated into organic and conventional. On the basis of end-user, the market is bifurcated into commercial and residential. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for more than 35% share of the total revenue in 2021, followed by Europe and Asia-Pacific.
On the basis of application, the food segment has the dominating Soy Protein Isolate Market Size in the year 2021. This is attributed to the rising demand for sufficient protein in food products. Modern technology helps in producing an adequate number of cereals to meet energy requirements for the mounting population. The majority of cereals comprise low protein content with an excessive composition of essential amino acids. As a result, cereal grains are not sufficient to meet protein demand for satisfactory growth of babies, and children, and to maintain body regulating processes. In this regard, the addition of soy protein isolate in the development of value-added bakery products is an effective way to meet the defiance of essential amino acids in cereals.
On the basis of form, the organic segment is likely to be the fastest-growing segment during the forecast period. This is attributed to the upsurge in the adoption and popularity of organic soy protein isolate in the past few years. The growing concerns regarding the environment, sustainability, and healthy food are a few factors that are expected to boost the organic Soy Protein Isolate Market Demand globally. Moreover, manufacturers and traders have a high-profit margin associated with the trading of soy protein isolate in the market. The farmers are also benefitted from the farming of organic soybean, and organic farming is totally eco-friendly. All these factors are expected to foster the demand for organic soybean and ultimately boost the global organic soy protein isolate market in terms of revenue.
On the basis of end-user, the commercial segment dominated the global Soy Protein Isolate Industry in the year 2021. It can be used in any recipe that calls for protein, including cakes, cookies, granola, parfaits, sauces, and many more. Most of the commercial use of soy protein isolate is in the field of food & beverages and confectionery. Moreover, the growing penetration of food service sectors, especially in the developing nations of Asia-Pacific is anticipated to impact the demand for the commercially-used soy protein isolate, positively and significantly in the foreseeable future.
By region, North America led in terms of Soy Protein Isolate Market Share in 2021 and is expected to retain its dominance during the Soy Protein Isolate Market Forecast period. According to the International Health, Racquet & Sports Club Association (IHRSA), the consumption of soy protein is likely to rise as the U.S. health and fitness industry and is expected to grow at a faster rate during the forecast period. This is attributed to rising in the number of the U.S. consumers adopting a healthy lifestyle or indulging in activities that promote an active and healthy lifestyle. Presently, about 20% of U.S. adults have fitness club memberships, and the number is expected to increase in the future.
The report focuses on the Soy Protein Isolate Market Growth prospects, restraints, and Soy Protein Isolate Market Opportunity. The study provides Porter’s five forces analysis to understand the impact of various factors such as the competitive intensity of competitors, bargaining power of suppliers, the threat of substitutes, the threat of new entrants, and bargaining power of buyers of the soy protein isolate market.
The players operating in the global soy protein isolate market have adopted various developmental strategies to increase their market share, gain profitability, and remain competitive in the Soy Protein Isolate Industry. The key players operating in the soy protein isolate market include AG Processing Inc., Archer-Daniels-Midland Company, Cargill, Inc., CHS Inc., Doves Farm Foods Ltd., E. I. Du Pont De Nemours and Company (Dupont Nutrition and Health), Kerry Group, Plc., Kraft Heinz Company, the Kellogg Company, and Wilmar International Limited.
.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the soy protein isolate market analysis from 2021 to 2031 to identify the prevailing soy protein isolate market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the soy protein isolate market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global soy protein isolate market trends, key players, market segments, application areas, and market growth strategies.
Soy Protein Isolate Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 4.5 billion |
 Growth Rate | CAGR of 4.6% |
 Forecast period | 2021 - 2031 |
 Report Pages | 224 |
 By Application |
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 By Form |
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 By End User |
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 By Region |
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 Key Market Players | The Kellogg Company, CHS Inc., wilmar international limited, Cargill, Inc., now foods, ag processing inc, JustLong, Kerry Group, Plc, The Kraft Heinz Company, Archer-Daniels-Midland Company, E. I. du Pont de Nemours and Company, Doves Farm Foods Ltd. |
Analyst Review
According to the insights of the CXOs, the soy protein isolate market is expected to exhibit high growth potential. This is majorly attributed to increase in disposable income in developing countries, changes in lifestyle of consumers, and increase in awareness of health benefits of soy protein isolate such as higher composition of protein content and lower carbohydrates. Moreover, rise in Soy Protein Isolate Market Demand among infant food companies has fueled the growth of the global soy protein isolate market.
The demand for plant-based proteins has surged with increase in awareness regarding well-being among consumers, which is generally promoted by the online health sector or by local key players either by advertisement or by counseling their customers in person regarding the benefits of their products over their health. Furthermore, key manufacturers added that the availability of counterfeit soy protein and easy availability of substitutes at competitive price are projected to hamper the growth of the market during the forecast period.
Although soy protein isolate has garnered immense potential in human protein requirements, key players of the soy protein isolate market are entering into the animal feed segment to increase focus on the quality of animal food products to upgrade the food chain, which is anticipated to offer remunerative opportunities for the market growth during the forecast. Being identified as the leading sector in agriculture, aquaculture producers are moving ahead to make huge investments in soy protein isolate. Moreover, aquaculture producers and livestock farmers appreciate the health benefits offered by the usage of soy protein products to animal feeds, which is likely to open new avenues for the growth of the soy protein isolate market in the near future.
The global soy protein isolate market was valued at $2,866.7 million in 2021, and is projected to reach $4,524.3 million by 2031, registering a CAGR of 4.6%.
From 2022-2031 would be forecast period in the market report
$2.9 billion is the market value of soy protein isolate market in 2021.
2021 is base year calculated in the soy protein isolate market report
AG Processing Inc., Archer-Daniels-Midland Company, Cargill, Inc., CHS Inc., Doves Farm Foods Ltd., E. I. Du Pont De Nemours and Company (Dupont Nutrition and Health), and Kerry Group, Plc., are the top companies hold the market share in soy protein isolate market.
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