The Australia soy protein market size is expected to grow from USD 88.53 million in 2024 to USD 107.63 million by 2029, at a CAGR of 3.99% during the forecast period (2024-2029).
The Australian soy protein market is fragmented in nature, with several players offering soy protein products in the market. The major players in this market include Cargill, Incorporated, Archer Daniels Midland Company, International Flavors & Fragrances, Inc., Wilmar International Ltd., and Kerry Group PLC. The companies have been using various corporate strategies to increase their foothold in the Australian soy protein market. Some of the majorly adopted strategies by the players offering soy protein across the nation include partnerships, mergers & acquisitions, and expansions. Archer Daniels Midland Company also has a significant share in the market, and it is mainly focused on plant proteins like pea protein, soy protein, textured protein ingredients, and wheat protein. The company innovates new technologies for the use of proteins in several applicational segments like food, beverages, animal feed, supplements, personal care, and cosmetic products.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook