Global Soybean Protein Isolate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Soybean Protein Isolate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Soybean Protein Isolate is one of the important soy protein products, usually containing 85%-90% protein. Compared with soy protein concentrate, the preparation method of soy protein isolate is roughly the same as that of soy protein concentrate. The difference is that soy protein isolate removes all non-protein components from defatted soybeans, including carbohydrates and fiber. The resulting product is almost all protein, making soy protein isolate a purer protein than soy protein concentrate. The high nutritional value and functional properties of soy protein isolate make it very suitable for various applications in food, such as nutritional blends, UHT beverages, baby food, and processed meat or dough products.

Market Overview:

The latest research study on the global Soybean Protein Isolate market finds that the global Soybean Protein Isolate market reached a value of USD 2616.48 million in 2022. It’s expected that the market will achieve USD 3532.46 million by 2028, exhibiting a CAGR of 5.13% during the forecast period.

The raging COVID-19 has plunged the global economic environment into depression. The impact of COVID-19 on the Soybean Protein Isolate industry will involve all major links and all entities in the industry chain. From the perspective of upstream raw materials, in the short term, supply chain disruption will have relatively low impact on SMEs. According to some data, among small and medium-sized enterprises and large enterprises, the proportion of enterprises that believe that supply chain interruption is the main pressure accounted for about 21.2%. In addition, the outbreak of the epidemic has caused various countries around the world to implement comprehensive traffic control and other measures. This poses a certain threat to the global supply chain. This is mainly reflected in the impact of the epidemic on the procurement of raw materials in the industry. Due to limited production by raw material suppliers and poor logistics, raw material procurement is facing difficulties, but this situation will be effectively alleviated as the process of resuming work and production resumes.

From the perspective of Soybean Protein Isolate, the main reason is to increase cost pressure. The outbreak of COVID-19 has put companies facing pressures such as tight cash flow, supply chain disruption, and general decline in market supply and demand. Most companies expect a significant decline in revenue. Employee wages, loan repayments, and rental expenses are the main cost pressures for business operations. Especially for small and medium-sized enterprises, paying employees’ wages has become the biggest cost pressure. In contrast, the wage pressure of employees in large enterprises is relatively low.

From a downstream point of view, the impact of the epidemic on Soybean Protein Isolate's downstream customers is comprehensive. After the epidemic, increasing public health concerns, increasing animal-borne diseases, and increasing demand for clean labels and natural products have all contributed to the growth of plant-based foods. Therefore, the alternative meat market provides development opportunities for the soybean protein isolate market.

Drivers

The market demand for plant protein is increasing day by day
As consumers' eating habits change and their awareness of health, environmental issues, ethics, and animal welfare continues to increase, more and more people are choosing vegetarian food. This allowed the market for alternative protein to grow, further increasing the consumption of plant protein. And because plant protein is not only good for health, but also has advantages in sustainable development and animal protection, so consumers' demand for plant protein has also increased.
The main sources of plant protein are: beans, cereals, nuts, and potatoes. At present, the soy protein market has a major share in the vegetable protein market. At the same time, soy protein can effectively reduce the low-density lipoprotein cholesterol in the plasma without affecting the high-density lipoprotein cholesterol in any way. This advantage makes soy protein show a huge advantage in the vegetable protein market. Therefore, the increasing global market demand for plant protein presents opportunities for the growth of the soy protein isolate market.
At the same time, the globalization and popularization of plant protein requires modern civilization as a foundation. At present, the demand for plant protein in the European and American markets is growing fastest. This is due to the high level of civilization development in the European and American regions, leading other countries, and regions in terms of humanistic concepts and health pursuits. Therefore, the depth and breadth of the use of plant protein still depends on the advanced level of social development.

Challenges

Competitive risks brought by large companies
At present, the Soybean Protein Isolate industry is in a stage of rapid development and continues to attract participants to enter the industry. There are many companies engaged in the production of Soybean Protein Isolate in the world, and the industry concentration is not high. At the same time, the Soybean Protein Isolate industry is in a state of full competition. Although some companies temporarily present some advantages in the field of this product, they also show relatively strong competitiveness. But in the long run, it is not ruled out that other listed companies in the same industry and leading companies in the world may enter the industry. Under normal circumstances, listed companies or world-renowned companies have strong capital, scale and technological advantages. Based on the scale of production, popularity, production costs, product prices, upstream and downstream bargaining power, and customer It constitutes a certain degree of competitive pressure. At the same time, some small production enterprises that adopt low-price and low-quality competition strategies will disrupt the market order to a certain extent, posing a certain threat to enterprises in the industry.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (29.22% in 2021).

Company Overview:

Dupont is one of the major players operating in the Soybean Protein Isolate market, holding a share of 16.13% in 2022.

Dupont

Currently, DuPont is creating the necessary innovations to help you thrive-working side-by-side with industry leaders in the fields of security, healthcare, electronics, mobility, and construction.

Archer Daniel Midland Company

Archer Daniel Midland Company is a global agricultural production, processing, and manufacturing company, famous in the world to produce oilseeds, corn, and wheat processing. Archer Daniel Midland Company transforms natural products into complete combinations of ingredients and fragrances for food and beverages, supplements, pet, and livestock nutrition, etc. With a series of unparalleled capabilities across all links of the global food chain, Archer Daniel Midland Company provides customers with advantages in solving current and future global challenges.

Segmentation Overview:

By type, Dry Type segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Functional Foods, with a market share of 42.27% in 2021.

Key Companies in the global Soybean Protein Isolate market covered in Chapter 3:

Gushen Biological Technology Group Co., Ltd.
Food Chem International
Dupont
Crown Soya Protein Group
Yuwang Group
The Scoular Company
Archer Daniel Midland Company
Fuji Oil Holdings Inc.
Xiangchi Co.
CHS Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Soybean Protein Isolate market from 2018 to 2029 is primarily split into:

Dry Type
Liquid Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Soybean Protein Isolate market from 2018 to 2029 covers:

Functional Foods
Substitute Meat
Drinks & Dairy Alternatives
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)