Organic Soy Protein Market Forecasts to 2028 – Global Analysis By Product Type (Textured Protein, Isolates and Concentrates), Type Soy Protein Flour, Soy Protein Concentrates, Soy Protein Isolates and Other Types), Form (Liquid and Dry), Application and By Geography
According to Stratistics MRC, the Global Organic Soy Protein Market is accounted for $561.4 million in 2022 and is expected to reach $1120.1 million by 2028 growing at a CAGR of 12.2% during the forecast period. Soy protein is said to be the cheapest vegan source of dietary protein and it also been considered as a ‘complete protein’ due to the presence of the essential amino acids in it. This soy protein extracted from organic sources are considered to be healthier, safer for consumption, and claim which doesn’t have any side effects and useful for bodybuilding. Due to which fitness industry is extensively using the soy-based protein as muscle gaining supplements.
According to the US National Library of Medicine, nearly all humans lose approximately 65% of their ability to digest lactose after infancy.
Market DynamicsDriverNeed for more affordable protein sources
In addition to the already extensive cultivation around the globe, rising crop farming in developing regions has boosted the availability of soy proteins. Contract farmers or oilseed crushers that sell soy meal make it simple to access raw ingredients. Because soy protein components have low processing costs, they are appropriate for meeting the operational needs of manufacturers and enable processors to use their resources wisely towards product development. Soy proteins are less expensive than other protein sources including meat, dairy, and whey proteins as a result of these tendencies.
RestraintBan on genetically modified soy products
The majority of soybeans are imported, and the majority of them are genetically modified organisms, which are likewise controversial among numerous stakeholders. The fact that GMO soybeans drain valuable foreign cash while also posing significant health dangers means that Pakistan should gradually incorporate oilseed and soybean crops into its cropping pattern. Genetically modified organisms foods may create allergies in people who wouldn't typically be allergic to the food since they include DNA from other creatures. In one case, a Brazil nut-derived DNA was used to make the soybean crop that was harmful for persons with nut allergies and couldn't be distributed to the general public thus hindering the growth of the market.
OpportunityRising trends in health and fitness
Because of its superior ability to gel and propensity to form fibrous structures, soy protein the most popular substitute for animal protein has been employed to make meat substitutes with success. Soy is a nutrient dense source of protein that can be consumed several times per week, ideally more frequently, particularly when used as a replacement to red and processed meat. The expanding interest in sports and the number of sports facilities, along with the quick expansion of health and fitness facilities, are predicted to drive up demand for soy protein and support industry growth.
ThreatDisplay of an unpleasant flavour
Recent consumer trends towards cholesterol-free food products have increased demand for soy protein components, significantly depressing demand for proteins derived from animal sources. However, because of its disagreeable flavour, soy protein is not advised for consumption. Alcohols, aldehydes, ketones, furans, and other compounds all contribute to this bad flavour. Medium-chain aldehydes are one of the key contributors to the beany and grassy flavour of soy products which hinders the growth of the market.
Covid-19 ImpactConsumers are drawn to vegan diets because they increasingly believe that plant-based protein products have medicinal benefits, including boosting immunity, curing illnesses, and lowering the risk of diabetes, heart attack, and other conditions. As a result, people are becoming more aware of the benefits of choosing a vegan diet and during the COVID-19 pandemic, the market for soy protein components grows in terms of value sales.
The soy protein isolates segment is expected to be the largest during the forecast period
The soy protein isolates segment is estimated to have a lucrative growth, due to the enhancing texture of meat products, soy protein isolates are used to up the protein content, improve moisture retention, and emulsify. In addition to their high protein content and bland flavour, soy protein isolates also have a low fat, oligosaccharide, and fibre content, which results in reduced flatulence from bacterial fermentation. Because of their practical advantages, the food industry views them as important ingredients. Additionally, significant constituents in baked goods are soy protein isolates. Out of all the varieties of soy protein components that are now accessible, they have the greatest protein content which is expected to increase demand for them in the market.
The dry segment is expected to have the highest CAGR during the forecast period
The dry segment is anticipated to witness the highest CAGR growth during the forecast period, due to great texture enhancers in the soy protein ingredients market. Moreover, companies are concentrating on preserving the texture of soy-based foods due to the surge in demand for meat substitutes and the growing popularity of plant-based diets. They are attempting to get it as similar to the texture of meat as possible. Thus, market participants include texturized soy protein components in their product lines.
Region with highest share
Asia Pacific is projected to hold the highest market share during the forecast period owing to major economies including China, India, Japan, and Australia. Over the past ten years, the amount of investment in the area as a whole has significantly expanded, particularly in China. Vegan food consumption has increased in the area recently as well. The acceptance of vegan and vegetarian diets in the area is greatly influenced by the claimed advantages for people's health, the environment, and religious considerations. Additionally, individuals are eating less meat and increasing their intake of plant-based meals, such as soy proteins, as a result of growing health concerns.
Region with highest CAGREurope is projected to have the highest CAGR over the forecast period, owing to that relies heavily on imported raw feed materials, required to buy exponentially more soybeans and soybean meals to keep up with demand. The economies of European Region are generally open and market-driven, and enjoy good connections with the biggest producers of organic soy protein. The countries of this region have recently shifting towards healthier and more nutritious eating habits as a result of the tremendous growth in urban lifestyle thus propelling the growth of the market.
Key players in the marketSome of the key players profiled in the Organic Soy Protein Market include Devansoy Inc., Hodgson Mill, Natural Products Inc., Archer Daniels Midland Company Inc., Agrawal Oil & Biochem, Frank Food Products, Bunge Alimentos SA, SunOpta, Inc., Harvest Innovations, World Food Processing, The Scoular Company, Biopress S.A.S., Smithfield Foods, Inc., Kellogg NA Co., Ag Processing Inc, Doves Farm Foods Ltd, Wilmar International Ltd and The Nisshin OilliO Group, Ltd.
Key DevelopmentsIn May 2023, ADM, Air Protein Sign Strategic Agreement to Advance Development and Production of Unique Landless Protein, It also provides for the mutually exclusive rights for ADM and Air Protein to collaborate to build and operate the world’s first Air Protein commercial scale plant.
In August 2022, ADM and Benson Hill Partner to Scale Innovative Ultra-High Protein Soy for North American Food Ingredient Markets, the partnership will serve a variety of plant-based food and beverage markets to meet savory, sweet and dairy customer needs.
Product Types Covered
• Textured Protein
• Isolates
• Concentrates
Types Covered
• Soy Protein Flour
• Soy Protein Concentrates
• Soy Protein Isolates
• Other Types
Forms Covered
• Liquid
• Dry
Applications Covered
• Functional Foods
• Bakery & Confectionery
• Meat Alternatives
• Infant Formula
• Dairy Alternatives
• Beverages
• Other Applications
Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (
Drivers, Constraints, Opportunities,
Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements