Soy Protein Ingredients Market Size, By Product (Concentrates, Isolates, Textured, Flour), By Nature (Organic, Conventional), By Type (GMO, Non-GMO), By Application (Food & beverage {Bakery & Confectionery, Meat Extenders & Alternatives, Dairy Alternative

Soy Protein Ingredients Market Size, By Product (Concentrates, Isolates, Textured, Flour), By Nature (Organic, Conventional), By Type (GMO, Non-GMO), By Application (Food & beverage {Bakery & Confectionery, Meat Extenders & Alternatives, Dairy Alternatives, Beverages, Infant Nutrition, Nutraceuticals}, Animal Feed {Poultry [Boilers, Layers, Turkey], Aquaculture [Salmon, Trouts, Shrimps], Pork/Swine, Cattle [Dairy, Beef, Calf], Pet [Dog, Cat), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Global Soy Protein Ingredients Market is estimated to witness a noticeable growth trajectory between 2023 and 2032, owing to the rising demand for functional food items in Europe. Moreover, the rising cases of nutritional deficiency in humans have pushed the need for consumption of high-nutritional diet, which is anticipated to escalate the use of soy protein ingredients in functional foods.

Besides, soy proteins are a great alternative to meat proteins, as they help in lowering cholesterol levels, boost muscle growth, control obesity and diabetes, prevent heart diseases, act as energy boosters, prevent cancer, are good pregnancy tonics, and reduce menopausal symptoms.

Furthermore, key players operating in the soy protein ingredients industry are constantly incorporating strategic initiatives such as partnerships, mergers, acquisitions, and new product launches to strengthen their foothold in the market. For instance, in 2022, Batory Foods took over Sweetener Solutions, a national sales and supply chain management solutions provider. As per reports, this acquisition will help Batory Foods to further strengthen its supply chain in the marketplace.

Overall, the soy protein ingredients industry is segmented in terms of product, application, and region.

Based on the product, the textured soy segment will be valued at USD 2.5 billion by 2032. The segmental growth will be driven by the rising demand for protein-rich foods in various formats such as drinks, powder, or bars. Besides, textured vegetable proteins are gaining constant traction owing to the surging demand for meat alternatives as they offer all the amino acids required by the human body.

On the basis of the application, the others segment is anticipated to grow at 9.5% CAGR between 2023-2032. Soy protein is used in multiple industries, such as cosmetics, agriculture, flavor enhancers, pharmaceuticals, and fertilizer manufacturing. Besides, the product’s ability to enhance the skin texture and retain moisture, will potentially open new avenues for cosmetic and personal care product manufacturers over the coming years.

Regionally, the Europe soy protein ingredients market is expected to amass lucrative gains by 2032 end. The regional growth will be primarily driven by the budding demand for healthy foods & beverages, stringent compliances on sugar concentration, and changing concerns toward overall health measures. In addition, the consumers in the region are constantly inclining towards protein-rich diets for being healthy. Moreover, the growing penetration of leading companies in the region, constant investments in R&D studies, and new product launches will also influence the overall industry outlook across Europe.