Soy Protein Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Soy protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Soy Flours, and Other Types); By Form; By Application; By Region; Segment Forecast, 2023-2032

Soy Protein Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Soy protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Soy Flours, and Other Types); By Form; By Application; By Region; Segment Forecast, 2023-2032

The global soy protein ingredients market size is expected treach USD 14.27 billion by 2032, according ta new study by Polaris Market Research. The report “Soy Protein Ingredients Market Share, Size, Trends, Industry Analysis Report, By Type (Soy Protein Concentrates, Soy Protein Isolates, Textured Soy Protein, Soy Flours, and Other Types); By Form; By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Increasing demand for healthy food products with longer shelf life and continuous change in consumer lifestyle trends coupled with the growing incidences of a variety of chronic diseases have pushed governments and health organizations tspread awareness and further encourage people tintake soy protein in their daily health routine are prominent factors driving the global market growth. Moreover, the ever-rising demand for soy-rich foods tlower the impact and risk of cardiovascular diseases and improve heart health has paved the way for higher new product innovations, which are alsprojected tdrive revenue growth. For instance, in November 2022, IFF introduced its plant-based protein “SUPRO TEX.” The new solution provides a similar texture tthe chunky pieces that dnot require any large investments.

There has been a tremendous rise in the demand for functional foods with the surge in health awareness, consumer willingness, and nutritional requirements. Since soy protein ingredients can provide all types of aminacids required for human development, many medical experts have begun recommending it as a potentially healthier and better substitute for meat products. Furthermore, sustainable livestock production management could promote various important functions, including nutrient cycling, carbon sequestration, and efficient conservation of the agricultural landscape. Thus, the development of such meat alternatives will not only alleviate environment-related problems and alsprovide choices for vegetarians.

Soy Protein Ingredients Market Report Highlights

Soy protein concentrates segment accounted for considerable global market share in 2022, owing tits ability tprovide high quality protein content and nutrient-dense

Dry segment held the significant market revenue share in 2022, which is highly attributable tits ease of transporting, storing, low costs, and effectively maintaining the ingredient stability capabilities

Functional foods segment is expected tgrow at a significant CAGR over the projected period because of the increasing prevalence for the adoption of soy protein ingredients in foods industry treduce the fat and improve product quality

North America region dominated the market in 2022, on account of high consumer awareness regarding the health benefits on plant-based products and high R&D expenditure in the region

The global key players include International Flavors & Fragrances, Farbest Tallman Foods Corporation, Crown Protein Soya Group Company, and Cargill Incorporated

Polaris Market Research has segmented the soy protein ingredients market report based on type, form, application, and region:

Soy Protein Ingredients, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Soy Protein Concentrates

Soy protein Isolates

Textured Soy Protein

Soy Flours

Other Types

Soy Protein Ingredients, Form Outlook (Revenue - USD Billion, 2019 - 2032)

Dry

Liquid

Soy Protein Ingredients, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Bakery & Confectionery

Meat Alternatives

Functional Foods

Dairy Replacers

Infant Foods

Animal Feed

Others

Soy Protein Ingredients, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa