North America Soy Protein Concentrate Market Size By Grade (Food Grade, Feed Grade), By Function (Texturants, Water & Fat Absorption, Emulsifier, Nutrients), By Application (Meat Processing, Animal Feed {Swine, Poultry, Aquaculture, Cattle}, Bakery & Confectionery), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

North America Soy Protein Concentrate Market Size

North American soy protein concentrate market size exceeded USD 165 Million, in 2020 and is estimated to grow at over 7% CAGR between 2021 and 2027. Rising health concern in individuals should stimulate North American industry demand.
 

Soy protein concentrates are high and concentrated protein commercial food product obtained from soybean. Dehulled and defatted soybeans are processed for production of soybean concentrates which are highly used as vegan protein source. Soy protein concentrate provides all essential amino acids required for human nutrition for a healthy living.
 

Soy protein concentrate is produced from 70% soy protein and rest other part is defatted soy flour which is used for different applications including animal feed, meat processing and bakery products. Soy proteins have high market demand as it provides high protein content which is extremely healthy for body. Consuming soy protein in some amount daily reduces the risk of heart disease which is likely to drive the soy protein concentrate market share.
 

Soy proteins are differentiated based on grade which are feed grade and food grade for its usage. Food grade soy protein is used for its application in bakery products which is easily digested by human and has high number of nutritional benefits owing to its wide demand from food industry. Furthermore, feed grade soy protein is used as an alternative to milk-based proteins and widely used for its feeding birds, fishes and newborn chickens owing to its wide demand from animal feed industry.
 

The product is segregated on the basis of its function including emulsifier, nutrients, texturant, water and fat absorption pertaining to its increased demand from food industry. Soy protein is used as a fat absorbent in sport drinks owing to its wide demand from fitness drink manufacturers. Manufacturers widely use soy protein in infant food products owing to its nutritional benefits which should stimulate the soy protein concentrate market demand.
 

North America Soy Protein Concentrate Market Analysis

North America soy protein concentrate market from food grade segment exceeded USD 95 million in 2020 which shows opportunity for the product growth. North American market is bifurcated on the basis of grade which are food grade and animal feed grade. Soy protein concentrate is widely used in food products including cereals based and bakery products owing to its ability to increase the nutritional value of the food products. The product is widely used in food products such as fitness and sport drinks, beverages, and cold drinks to increase the protein content of the drinks pertaining to its wide demand from beverage industry.
 

Food grade soy protein concentrate is used in infant food products, vegan food products and meat substitutes. Consumers are more inclined towards soy protein as it provides health benefits such as reduced risk of heart disease, cancer and helps in reducing overall body weight. The rising demand for protein powder from gym going individuals should also drive the soy protein concentrate demand. Growing consumer inclination towards health and fitness along with rising demand for high protein food products and supplements should accelerate the North America soy protein concentrate market demand.
 

North America soy protein concentrate market from nutrients function is estimated to achieve a significant 7.3% CAGR through 2027. Soy Protein is obtained from soybean which is defatted for its applications in fitness food products and beverages. The product is high protein with all the essential amino acids required for human nutrition which should lead to the North American industry growth. Soy protein is the least expensive for protein source which is another driver for the product growth.
 

Soy based food products are beneficial for cardiovascular problem and overall health as it provides high polyunsaturated fats, vitamins, minerals, and fibers which should drive the product landscape. Animal protein contains high amount of saturated fat which leads to cardiovascular problems owing to increased demand for soy protein which benefits individuals with cardiovascular health problem and reduces the risk of heart problems. Rising consumer inclination towards adapting a heathy living should trigger growth of soy protein concentrate market in North America.
 

U.S. market exceeded USD 135 million in 2020. Increasing demand for dietary supplements including proteins, minerals and vitamins is likely to boost the soy protein concentrate demand. Furthermore, there is a rising shift of consumers from animal protein to plant-based protein which is another market driver in the region. Moreover, rising sport nutrition market in the U.S. region due to increasing focus on physical strength is further expected to drive the soy protein concentrate industry outlook.
 

Increasing consumption of meat has raised the demand for soy protein concentrate as emulsifier which should drive product demand in the region. Emulsifiers are substances sued for stabilizing the processed food products owing to its wide application in meat food products. This application of soy protein concentrate shows new opportunity for the market expansion in U.S.
 

North America Soy Protein Concentrate Market Share

North America soy protein concentrate market is fragmented with key players including:

• Cargill
• DuPont Nutrition & Biosciences
• Archer Daniels Midland Company
• Wilmar International
• Food Chem International Corporation
• Nutra Food Ingredients
• The Scoular Company
• Aminola B.V.

In December 2020, the merger acquisition of DuPont Nutrition & Biosciences and New York based International flavors & Fragrances provide greater opportunities to customers. The IFF’S health ingredients business and natural products will become a part of DuPont’s Health & Biosciences division. DuPont’s health & Biosciences division includes plant-based food ingredients including sweeteners, emulsifiers, and proteins. The new division formed by the integration of both the companies will include infant nutrition, probiotics and fibers which should lead to the growth of soy protein concentrate market.
 

The North America soy protein concentrate market research report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2016 to 2027, for the following segments:

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By Grade

• Food Grade
• Feed Grade

By Function

• Texturants
• Water & Fat Absorption
• Emulsifier
• Nutrients
• Others

By Application

• Animal Feed
  • Aquaculture
  • Swine
  • Poultry
  • Cattle
  • By type
• Meat Processing
• Bakery & Confectionary
• Others

The above information has been provided for the following regions:

• North America
  • U.S.
  • Canada
  • Mexico