Soy Protein Market: Snapshot
Soy protein market is projected to witness numerous growth avenues in the upcoming period. Growing use of soy proteins in various applications is pushing the market growth. Soy protein is gaining traction among health conscious people. Rising awareness about the health benefits of soy protein is driving demand for the products from the soy protein market.
Vendors from the global soy protein market are growing their efforts in research activities. The main motive of these moves is to chase the possibility of enhancing the health benefits of soya proteins. This move has triggered the demand for soy protein.
In recent times, there is rising inclination toward the consumption of food products manufactured using soy protein as they help in maintaining balanced diet. This shift in consumer preference has pushed vendors from the functional food industry to increase the production of food products containing soy protein. Most popular functional food products available in the market today are dairy alternatives, infant formulas, and meat alternatives. Thus, rising demand from the functional food industry is stimulating the growth of the global soy protein market.
Many companies in food manufacturing sector have incorporated soy protein in various products such as breakfast cereals, convenience beverage powders, frozen desserts, and energy bars. This move is helping food manufacturers to advance the nutritional values of these food items. Thus, growing demand for these products is fueling the growth of the global soy protein market.
Presence of many players makes the competitive landscape of the global soy protein market quite intense. This situation has pushed several key vendors to pour efforts in maintaining their strong position in the market. As a part of these efforts, the market is witnessing increased instances of partnerships and collaborations. Besides, many companies are investing a huge amount to advertise the benefits of consuming soy-protein-based food products. As a result, the global soy protein market is witnessing stupendous demand.
Global Soy Protein Market: Snapshot
The growing awareness among common consumers regarding the health benefits of consuming soy proteins is by far the leading driver in favor of the global soy protein market. The market is also expected to continue being augmented by strengthening research and development efforts towards the introduction of soy protein foods with greater functionality and the incorporation of newer blends suitable for various applications. One such growth in use of soy proteins is its application in animal feed. The global soy protein market is, however, currently restrained by the overall disparity between supply and demand. With a greater focus given to the distribution of soybean, the global soy protein market is suffering from a reduction in total raw material supplied to it.
The global soy protein market is expected to reach US$7.78 bn by the end of 2024, owing to a combination of factors that have imparted a favorable CAGR of 5.5% within a forecast period from 2016 to 2024. This market’s revenue was calculated at US$4.80 bn at the end of 2015.
Asia Pacific Shows Promising Future in Soy Protein Consumption Rates
The key regions that the global soy protein market can be divided into, are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, the market was led by North America in 2015, followed by Europe and then Asia Pacific. While the dominance of North America in soy protein consumption is expected to continue, it is growing at a slower rate than the promising Asia Pacific region. Armed with a growing number of individuals with higher disposable income, coupled with growing awareness of the benefits of consuming soy proteins along with a growing trend of veganism, manufacturers of soy proteins in Asia Pacific are looking towards a positive growth trend for the coming years.
Additionally, the demand for soy proteins is also showing a very favorable growth rate in Latin America, allowing a lot of prominent manufacturers from Europe and North America to see this region as an establishment for growth.
Soy Protein Manufacturers Notice Growing Trend in Functional Foods
One of the key avenues of expansion for the global soy protein market at the moment, lies in the booming functional foods industry. A huge number of consumers are looking towards functional foods as a compensatory diet for missing out on the chance to maintain a balanced diet amid a hectic work-oriented life. Functional foods not only impart a positive dose of nutrition to a consumer, but are also manufactured to be easy to consume. Several types of functional foods are also easier to digest, making them a popular choice as additions to baby food. The common types of functional foods in demand today, include infant formulas, dairy alternatives, and meat alternatives. Other types of functional foods also in high demand, include convenience beverage powders, breakfast cereals, energy bars, and frozen desserts.
The leading players currently in operation in the global soy protein market, include Cargill, Inc., Archer Daniels Midland Company, Ruchi Soya Industries, Wilmar International, E. I. du Pont de Nemours and Company, The Scoular Company, Devansoy Inc., FUJI OIL CO., Ltd., CHS Inc., Gushen Group, Shandong Yuwang Ecological Food Industry Co., Ltd., SINOGLORY China, Shandong Wonderful Industrial Group, Crown Soya Protein Group, Burcon NutraScience Corporation, Bunge Alimentos SA, Kerry Ingredients Inc., and MGP Ingredients, Inc.
Chapter 1 Preface
1.1 Research Scope
1.2 Market Segmentation
1.3 Research Objectives
1.4 Key Questions Answered
Chapter 2 Assumptions and Research Methodology
2.1 Report Assumptions
2.2 Acronyms Used
2.3 Research Methodology
Chapter 3 Executive Summary
3.1 Soy protein Market Snapshot
3.2 Market Opportunity Map
Chapter 4 Market Dynamics
4.1 Overview
4.2 Key Trends Analysis
4.3 Drivers and Restraints Snapshot Analysis
4.4 Drivers
4.4.1 Health benefits of soy protein
4.4.2 Technological development for greater functionality and new blends for new applications
4.4.3 Increasing scope of application
4.4.4 Increasing application of soy protein as animal feed
4.5 Restraints
4.5.1 Demand- Supply imbalance creates inconvenience for manufacturers
4.5.2 Lack of clarity about other applications in the non-food sector
4.6 Opportunity Analysis
4.7 Company Market Share Analysis
4.8 Competitive Strategies Adopted by Major Players
Chapter 5 Soy protein Market Analysis, by Product Type
5.1 Key trends
5.2 Introduction
5.3 Global Soy Protein Market Revenue Share Analysis, by Product Type
5.4 Global Soy Protein Market Volume Share Analysis, by Product Type
5.5 Global Soy Protein Market Analysis, by Product Type
5.5.1 Soy Protein Isolates
5.5.2 Soy Protein Concentrates
5.5.3 Soy Protein Hydrolysates
5.6 Market Attractiveness
Chapter 6 Global Soy Protein Market Analysis, by Form Type
6.1 Key Trends
6.2 Introduction
6.3 Global Soy Protein Market Revenue Share Analysis, by Form Type
6.4 Global Soy Protein Market Volume Share Analysis, by Form Type
6.5 Global Soy Protein Market Analysis, by Form Type
6.5.1 Dry Soy Protein
6.5.2 Liquid Soy Protein
6.6 Market Attractiveness
Chapter 7 Global Soy Protein Market Analysis, by Application
7.1 Key Trends
7.2 Introduction
7.3 Global Soy Protein Market Revenue Share Analysis, by Application
7.4 Global Soy Protein Market Volume Share Analysis, by Application
7.5 Global Soy Protein Market Analysis, by Application
7.5.1 Functional Foods Type
7.5.1.1 Meat Alternatives
7.5.1.2 Diary Alternatives
7.5.1.3 Infant Formula
7.5.1.4 Others
7.5.2 Bakery & Confectionary
7.5.3 Others
7.6 Market Attractiveness
Chapter 8 Global Soy Protein Market Analysis, by Function
8.1 Key Trends
8.2 Introduction
8.3 Global Soy Protein Market Revenue Share Analysis, by Function
8.4 Global Soy Protein Market Volume Share Analysis, by Function
8.5 Global Soy Protein Market Analysis, by Function Type
8.5.1 Nutrient
8.5.2 Emulsifier
8.5.3 Fat & Water Absorption
8.5.4 Texturants
8.5.5 Others
8.6 Market Attractiveness
Chapter 9 Global Soy Protein Market Analysis, by Region
9.1 Global Regulatory Scenario
9.2 Introduction
9.3 Global Soy Protein Market Revenue Share Analysis, by Region
9.4 Global Soy Protein Volume Share Analysis, by Region
9.5 Global Soy Protein Market Revenue Forecast, by Region
Chapter 10 North America Soy Protein Market Analysis
10.1 North America Soy Protein Market Overview
10.2 North America Soy Protein Market Analysis by Product Type
10.3 North America Soy Protein Market Analysis by Form Type
10.4 North America Soy Protein Market Analysis by Application
10.5 North America Soy Protein Market Analysis by Functional Foods Type
10.6 North America Soy Protein Market Analysis by Function
10.7 North America Soy Protein Market Forecast by Country
Chapter 11 Europe Soy Protein Market Analysis
11.1 Europe Soy Protein Market Overview
11.2 Europe Soy Protein Market Analysis by Product Type
11.3 Europe Soy Protein Market Analysis by Form Type
11.4 Europe Soy Protein Market Analysis by Application
11.5 Europe Soy Protein Market Analysis by Functional Foods Type
11.6 Europe Soy Protein Market Analysis by Function Type
11.7 Europe Soy Protein Market Forecast by Country
Chapter 12 Asia-Pacific Soy Protein Market Analysis
12.1 Asia-Pacific Soy Protein Market Overview
12.2 Asia-Pacific Soy Protein Market Analysis by Product Type
12.3 Asia-Pacific Soy Protein Market Analysis by Form Type
12.4 Asia-Pacific Soy Protein Market Analysis by Application
12.5 Asia-Pacific Soy Protein Market Analysis by Functional Foods Type
12.6 Asia-Pacific Soy Protein Market Analysis by Function
12.7 Asia-Pacific Soy Protein Market Forecast by Country
Chapter 13 Middle East and Africa Soy Protein Market Analysis
13.1 Middle East and Africa Soy Protein Market Overview
13.2 Middle East and Africa Soy Protein Market Analysis by Product Type
13.3 Middle East and Africa Soy Protein Market Analysis by Form Type
13.4 Middle East and Africa Soy Protein Market Analysis by Application
13.5 Middle East and Africa Soy Protein Market Analysis by Functional Foods Type
13.6 Middle East and Africa Soy Protein Market Analysis by Function
13.7 Middle East and Africa Soy Protein Market Forecast by Country
Chapter 14 Latin America Soy Protein Market Analysis
14.1 Latin America Soy Protein Market Overview
14.2 Latin America Soy Protein Market Analysis by Product Type
14.3 Latin America Soy Protein Market Analysis by Form Type
14.4 Latin America Soy Protein Market Analysis by Application
14.5 Latin America Soy Protein Market Analysis by Functional Foods Type
14.6 Latin America Soy Protein Market Analysis by Function Type
14.7 Latin America Soy Protein Market Forecast by Country
Chapter 15 Company Profiles
15.1 Cargill Incorporated
15.1.1 Company Details (HQ, Foundation Year, Employee Strength)
15.1.2 Market Presence, by Segment and Geography
15.1.3 Key Developments
15.1.4 Strategy and Historical Roadmap
15.1.5 Revenue and Operating Profits
15.2 Ruchi Soya Industries
15.2.1 Company Details (HQ, Foundation Year, Employee Strength)
15.2.2 Market Presence, by Segment and Geography
15.2.3 Key Developments
15.2.4 Strategy and Historical Roadmap
15.2.5 Revenue and Operating Profits
15.3 Archer Daniels Midland Company
15.3.1 Company Details (HQ, Foundation Year, Employee Strength)
15.3.2 Market Presence, by Segment and Geography
15.3.3 Key Developments
15.3.4 Strategy and Historical Roadmap
15.3.5 Revenue and Operating Profits
15.4 E. I. du Pont de Nemours and Company
15.4.1 Company Details (HQ, Foundation Year, Employee Strength)
15.4.2 Market Presence, by Segment and Geography
15.4.3 Key Developments
15.4.4 Strategy and Historical Roadmap
15.4.5 Revenue and Operating Profits
15.5 Wilmar International
15.5.1 Company Details (HQ, Foundation Year, Employee Strength)
15.5.2 Market Presence, by Segment and Geography
15.5.3 Key Developments
15.5.4 Strategy and Historical Roadmap
15.5.5 Revenue and Operating Profits
15.6 Devansoy Inc
15.6.1 Company Details (HQ, Foundation Year, Employee Strength)
15.6.2 Market Presence, by Segment and Geography
15.6.3 Key Developments
15.6.4 Strategy and Historical Roadmap
15.6.5 Revenue and Operating Profits
15.7 The Scoular Company
15.7.1 Company Details (HQ, Foundation Year, Employee Strength)
15.7.2 Market Presence, by Segment and Geography
15.7.3 Key Developments
15.7.4 Strategy and Historical Roadmap
15.7.5 Revenue and Operating Profits
15.8 CHS Inc
15.8.1 Company Details (HQ, Foundation Year, Employee Strength)
15.8.2 Market Presence, by Segment and Geography
15.8.3 Key Developments
15.8.4 Strategy and Historical Roadmap
15.8.5 Revenue and Operating Profits
15.9 FUJI OIL CO., LTD
15.9.1 Company Details (HQ, Foundation Year, Employee Strength)
15.9.2 Market Presence, by Segment and Geography
15.9.3 Key Developments
15.9.4 Strategy and Historical Roadmap
15.9.5 Revenue and Operating Profits
15.10 Shandong Yuwang Ecological Food Industry Co., Ltd
15.10.1 Company Details (HQ, Foundation Year, Employee Strength)
15.10.2 Market Presence, by Segment and Geography
15.10.3 Key Developments
15.10.4 Strategy and Historical Roadmap
15.10.5 Revenue and Operating Profits
15.11 Gushen Group
15.11.1 Company Details (HQ, Foundation Year, Employee Strength)
15.11.2 Market Presence, by Segment and Geography
15.11.3 Key Developments
15.11.4 Strategy and Historical Roadmap
15.11.5 Revenue and Operating Profits
15.12 Shandong Wonderful Industrial Group
15.12.1 Company Details (HQ, Foundation Year, Employee Strength)
15.12.2 Market Presence, by Segment and Geography
15.12.3 Key Developments
15.12.4 Strategy and Historical Roadmap
15.12.5 Revenue and Operating Profits
15.13 SINOGLORY China
15.13.1 Company Details (HQ, Foundation Year, Employee Strength)
15.13.2 Market Presence, by Segment and Geography
15.13.3 Key Developments
15.13.4 Strategy and Historical Roadmap
15.13.5 Revenue and Operating Profits
15.14 Burcon NutraScience Corporation
15.14.1 Company Details (HQ, Foundation Year, Employee Strength)
15.14.2 Market Presence, by Segment and Geography
15.14.3 Key Developments
15.14.4 Strategy and Historical Roadmap
15.14.5 Revenue and Operating Profits
15.15 Crown Soya Protein Group
15.15.1 Company Details (HQ, Foundation Year, Employee Strength)
15.15.2 Market Presence, by Segment and Geography
15.15.3 Key Developments
15.15.4 Strategy and Historical Roadmap
15.15.5 Revenue and Operating Profits
15.16 Kerry Ingredients Inc
15.16.1 Company Details (HQ, Foundation Year, Employee Strength)
15.16.2 Market Presence, by Segment and Geography
15.16.3 Key Developments
15.16.4 Strategy and Historical Roadmap
15.16.5 Revenue and Operating Profits
15.17 MGP Ingredients Inc.
15.18.1 Company Details (HQ, Foundation Year, Employee Strength)
15.18.2 Market Presence, by Segment and Geography
15.18.3 Key Developments
15.18.4 Strategy and Historical Roadmap
15.18.5 Revenue and Operating Profits
15.18 World Food Processing
15.19.1 Company Details (HQ, Foundation Year, Employee Strength)
15.19.2 Market Presence, by Segment and Geography
15.19.3 Key Developments
15.19.4 Strategy and Historical Roadmap
15.19.5 Revenue and Operating Profits
15.19 FRANK Food Products
15.20.1 Company Details (HQ, Foundation Year, Employee Strength)
15.20.2 Market Presence, by Segment and Geography
15.20.3 Key Developments
15.20.4 Strategy and Historical Roadmap
15.20.5 Revenue and Operating Profits
List of Tables
1 Global Soy Protein Market Revenue Forecast, by Region
2 North America Soy Protein Market Forecast by Country
3 Europe Soy Protein Market Forecast by Country
4 Asia-Pacific Soy Protein Market Forecast by Country
5 Middle East & Africa America Soy Protein Market Forecast by Country
6 Latin America Soy Protein Market Forecast by Country
List of Figures
1 Research Methodology
2 Market Snapshot (US$ Mn)
3 Global Soy Protein Market Revenue Share Analysis, by Product Type (US$ Mn)
4 Global Soy Protein Market Volume Share Analysis, by Product Type (Kilo tons)
5 Global Soy Protein Market for Soy Protein Isolates, Revenue (US$) and Volume (Kilo tons), by Soy Protein Isolates
6 Global Soy Protein Market Soy Protein Concentrates, Revenue (US$) and Volume (Kilo tons)
7 Global Soy Protein Market Soy Protein Hydrolyasates, Revenue (US$) and Volume (Kilo tons)
8 Global Soy Protein Market Attractive Analysis, by Product Type, 2015
9 Global Soy Protein Market Revenue Share Analysis, by Form Type (US$ Mn), 2015-2024
10 Global Soy Protein Market Volume Share Analysis, by Form type (Kilo tons), 2015-2024
11 Global Soy Protein Market for Dry Soy Protein, Revenue (US$) and Volume (Kilo tons)
12 Global Soy Protein Market for Liquid Soy Protein, Analysis Revenue (US$) and Volume (Kilo tons)
13 Global Soy Protein Market Attractive Analysis, by Form Type, 2015
14 Global Soy Protein Market Revenue Share Analysis, by Application (US$ Mn), 2015-2024
15 Global Soy Protein Market Volume Share Analysis, by Application (Kilo tons), 2015-2024
16 Global Soy Protein Market for Functional Foods, Revenue (US$) and Volume (Kilo tons)
17 Global Soy Protein Market for Bakery and Confectionary, Revenue (US$) and Volume (Kilo tons)
18 Global Soy Protein Market for Others Application, Revenue (US$) and Volume (Kilo tons)
19 Global Soy Protein Market for Meat Alternatives, Revenue (US$) and Volume (Kilo tons)
20 Global Soy Protein Market for Diary Alternatives, Revenue (US$) and Volume (Kilo tons)
21 Global Soy Protein Market for Infant Formula, Revenue (US$) and Volume (Kilo tons)
22 Global Soy Protein Market for Others, Revenue (US$) and Volume (Kilo tons)
23 Global Soy Protein Market Attractiveness, by Application Type
24 Global Soy Protein Market Revenue Share Analysis, by Function Type (US$ Mn), 2015-2024
25 Global Soy Protein Market Volume Share Analysis, by Function type (Kilo tons), 2015-2024
26 Global Soy Protein Market for Nutrients, Revenue (US$) and Volume (Kilo tons)
27 Global Soy Protein Market for Emulsifier, Revenue (US$) and Volume (Kilo tons)
28 Global Soy Protein Market for Fat & Water Absorption, Revenue (US$) and Volume (Kilo tons)
29 Global Soy Protein Market for Texturants, Revenue (US$) and Volume (Kilo tons)
30 Global Soy Protein Market for Others, Revenue (US$) and Volume (Kilo tons)
31 Global Soy Protein Market Revenue Share Analysis (US$ Mn), 2015-2024, by Region
32 Global Soy Protein Market Volume Share Analysis (Kilo tons), 2015-2024, by Region
33 North America Soy Protein Market Overview
34 North America Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Product Type
35 North America Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Form Type
36 North America Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Application Type
36 North America Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Functional Foods Type
37 North America Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Function Type
38 Europe Soy Protein Market Overview
39 Europe Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Product Type
40 Europe Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Form Type
41 Europe Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Application Type
42 Europe Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Functional Foods Type
43 Europe Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Function Type
44 Asia-Pacific Soy Protein Market Overview
45 Asia-Pacific Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Product Type
46 Asia-Pacific Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Form Type
47 Asia-Pacific Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Application Type
48 Asia-Pacific Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Functional Foods Type
49 Asia-Pacific Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Function Type
50 Middle East & Africa Soy Protein Market Overview
51 Middle East & Africa Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Product Type
52 Middle East & Africa Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Form Type
53 Middle East & Africa Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Application Type
54 Middle East & Africa Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Functional Foods Type
55 Middle East & Africa Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Function Type
56 Latin America Soy Protein Market Overview
58 Latin America Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Product Type
59 Latin America Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Form Type
60 Latin America Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Application Type
61 Latin America Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Functional Foods Type
61 Latin America Soy Protein Market Analysis Revenue (US$) and Volume (Kilo tons), by Function Type
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Soy Protein Market
