North America Soy Protein Concentrate Market
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The North America soy protein concentrate market size was valued at USD 204.8 million in 2024, with expectations to reach USD 508.8 million by 2034, growing at a CAGR of 9.6%. The North American soy protein concentrate market is growing rapidly as consumers increasingly adopt plant-based protein alternatives. This is compounded by the growth of vegan and flexitarian diets, coupled with an overall rise in health consciousness.
Soy protein concentrate is becoming more popular because of its high protein content, usefulness as an ingredient in nutraceuticals, and its increased demand in formulations for traditional and non-traditional meat and dairy products. The market is further supported by advancements in food processing technologies, alongside innovations which improve the taste and texture of soy-based products.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| North America Soy Protein Concentrate Market size in 2024: | USD 204.8 Million |
| Forecast Period: | 2025 - 2034 |
| Forecast Period 2023 - 2032 CAGR: | 9.6 |
| 2023 Value Projection: | USD 508.8 Million |
| Historical Data for: | 2021 - 2024 |
| No of Pages: | 220 |
| Tables, Charts & Figures: | 145 |
| Segments Covered: | Production Process, Form, Application, Source, Distribution Channel and Country |
| Growth Drivers: |
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| Pitfalls Challenges: |
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In addition, increasing awareness regarding the environmental advantages of plant-based proteins is also influencing a greater number of consumers to choose soy protein concentrate. Regulatory nurturing and spending on the technologies for formulated plant-based foods also enhance the market's growth. With evolving consumer expectations and durable efforts in product marketing and development, the soy protein concentrate market in North America is set to grow.
In 2023, the U.S. Department of Agriculture's Agricultural Research Service (USDA ARS) addressed concerns over declining protein content in soybean meal—a critical component for soy protein concentrate production. To enhance competitiveness in the soy protein market, USDA ARS released a new soybean germplasm, USDA-N5001, which combines a 2–3% higher meal protein content with equal or improved yields compared to existing cultivars. This development aims to meet the market demand for soybean meal with protein content exceeding 48%, thereby supporting the growing soy protein concentrate industry in North America.
The North American session soy protein concentrate market is rapidly expanding due to changing consumer habits and an overall increase in the consciousness about health. There is a notable increase in the demand for vegetarian protein substitutes due to the adoption of vegan, vegetarian, and flexitarian diets. The food and beverage industry is applying these types of soy-based protein concentrates to develop better meat and dairy substitutes, which maintain an optimal taste, texture, and nutrition value.
To enhance product compliance, these manufacturers develop solutions that fulfill clean label expectations. Alongside consumer demand, these “no-processed” ingredients are also claimed by the soy protein concentrate manufacturers to meet clean label voids. Also, the animal feed sector has started to use soy protein concentrates in animal feed to augment feed quality and aid sustainable animal rearing. Better extraction and processing technologies now translate to higher-quality sensory soy protein products. From the other side, the concentrate market is driven by water and energy conservation practices. Product compliance and marketing needs also affect regulatory and labelling policies, which subsequently shapes product development and marketing strategies.
Under the Trump administration, the imposition of tariffs against China, the European Union, Mexico, and Canada exerted considerable influence on the U.S. protein sector, including beef, pork, poultry, and soy-related industries. In retaliation, these countries might imposed tariffs on major U.S. agricultural exports, which affected long-standing trade patterns. Soybeans, a key ingredient in animal feed, might saw prices plummet with the abrupt decline in Chinese demand. While it may benefit feed costs for livestock producers, it might hurt soybean farmers sharply, many of whom are part of the overall protein supply chain.
Meanwhile, international competitors like Brazil and Argentina swept may fill the gap left by the U.S., especially in China. This change might result in a long-term reorganization of international supply chains, with China increasingly dependent on Brazil for soybeans and pork, possibly undermining the long-term market position of the U.S. As a reaction, most protein businesses diversified their export approaches, focusing on newer markets like Vietnam, the Philippines, and sections of Africa. There might also be a strategic reorientation toward value-added goods, decreasing dependence on raw commodity exports.
Some businesses might emphasize more their domestic processing and consumption to cushion against future trade disturbances. By and large, Trump-era tariffs can cause significant disturbance in the U.S. protein sector, resulting in price fluctuation, loss of international competitiveness, government action, and long-term strategic realignment in market strategy.
The North America market by production process is segmented into aqueous alcohol extraction, acid leaching process, heat denaturation process, membrane filtration technologies and others. The aqueous alcohol extraction accounted for 29.5% of the market share in 2024 and a market revenue of USD 60.5 million.
The market is segmented into dry/powder, liquid, textured and others based on form. dry/powder made up 39.7% of the North America soy protein concentrate market in 2024 and expected to grow at a faster rate of 9.4% CAGR to reach a wider consumer base.
In the North American soy protein concentrate market, various forms are gaining traction due to their unique applications and consumer preferences. Dry or powdered soy protein concentrate remains dominant, prized for its versatility, extended shelf life, and ease of incorporation into diverse food formulations like baked goods, snacks, and meat alternatives. Liquid soy protein concentrates are experiencing rapid growth, particularly in ready-to-drink beverages and infant nutrition, owing to their blendability and convenience, despite a shorter shelf life compared to powdered forms. Textured soy protein, also known as textured vegetable protein (TVP), is increasingly popular as a meat substitute, offering a fibrous texture suitable for products like plant-based burgers and sausages. Its high protein content and adaptability make it a favoured choice among health-conscious consumers seeking sustainable alternatives.
Additionally, other forms such as soy protein crisps and granules are emerging, catering to niche markets and specific functional requirements. Overall, the market is witnessing a diversification of soy protein concentrate forms, driven by innovation and evolving consumer demands.
The North America soy protein concentrate market by application is segmented into food & beverages, animal feed, sports nutrition, pharmaceuticals & nutraceuticals and others. The food & beverages accounted for 43.8% of the market share in 2024 with a market size of USD 87.9 million.
In North America, soy protein concentrate (SPC) is witnessing diverse application trends across multiple sectors. In the food and beverage industry, SPC is extensively utilized in meat and dairy alternatives, bakery items, and beverages, owing to its functional properties like emulsification and texture enhancement. The animal feed sector leverages SPC for its high digestibility and protein content, making it a staple in livestock, poultry, and aquaculture feeds.
Sports nutrition is another burgeoning area, with SPC incorporated into protein powders and bars, catering to fitness enthusiasts and athletes seeking plant-based protein sources. Additionally, the pharmaceuticals and nutraceuticals industry employs SPC in dietary supplements, capitalizing on its health benefits and amino acid profile. These application trends underscore SPC's versatility and its growing significance in meeting the evolving demands of health-conscious consumers and sustainable practices across North America.
The North America soy protein concentrate market by source is segmented into conventional, organic and non-GMOs. The conventional accounted for 43.8% of the market share in 2024.
In North America's soy protein concentrate (SPC) market, conventional SPC remains predominant due to its cost-effectiveness and widespread availability. However, there's a notable surge in demand for organic and non-GMO variants. This shift is driven by increasing consumer awareness of health benefits, environmental sustainability, and ethical considerations. Organic SPC appeals to those seeking products free from synthetic pesticides and fertilizers, aligning with clean-label trends. Similarly, non-GMO SPC attracts consumers concerned about genetically modified organisms, offering traceability and aligning with natural food preferences. This evolving landscape reflects a broader movement towards transparency and sustainability in food sourcing.
The North America soy protein concentrate market by distribution channel is segmented into B2B and B2C. The B2B accounted for 39.5% of the market share in 2024.
In the North American soy protein concentrate (SPC) market, distribution channels are evolving to meet diverse consumer and business needs. Business-to-Business (B2B) channels remain dominant, supplying SPC to food manufacturers, animal feed producers, and supplement companies. These channels benefit from bulk purchasing and long-term contracts, ensuring consistent supply for large-scale production.
Business-to-Consumer (B2C) channels are experiencing growth, driven by increasing health consciousness and demand for plant-based proteins. Retail outlets like supermarkets, specialty health stores, and online platforms are expanding their SPC offerings, providing consumers with direct access to these products. The rise of e-commerce has particularly enhanced B2C distribution, offering convenience and a wider product range to consumers seeking plant-based nutrition options. This dual-channel approach reflects the market's adaptability to both industrial requirements and individual consumer preferences.
The North America soy protein concentrate market is dominated by U.S., accounting for 48.8% of total revenue in 2024.
The Archer Daniels Midland Company, Cargill, Incorporated, DuPont de Nemours, Inc., Wilmar International Ltd. And Kerry Group plc are significant 5 players in the North America soy protein concentrate industry with respect to innovation and distribution. Archer Daniels Midland Company (ADM), Cargill, Incorporated, DuPont de Nemours, Inc., Wilmar International Ltd., and Kerry Group plc are key players in the North American soy protein concentrate market. ADM offers a broad portfolio of soy protein concentrates, including functional and textured variants, catering to applications in meat alternatives, dairy, and pet food sectors.
Cargill provides high-quality textured soy flour under its Prosante brand, emphasizing sustainability and cost-effectiveness for meat analogs and snacks. DuPont, through its Danisco Planit range, supplies soy-based protein solutions with a focus on innovation and quality. Wilmar International produces soy protein concentrates and textured soy proteins, offering customized solutions for meat processing and nutritional products. Kerry Group delivers a diverse range of plant-based protein solutions, including organic soy protein concentrates, with an emphasis on sustainability and customer-centric approaches. These companies contribute significantly to the market's growth by providing innovative, sustainable, and functional soy protein ingredients to meet the increasing demand for plant-based products in North America.
Lactalis International: In 2022, ADM announced a USD 300 million expansion to open a Protein Innovation Center in Decatur, Illinois, aiming to double its protein concentrate extrusion capacity, including soy protein.
Cargill, Incorporated: Cargill has made significant investments in plant-based proteins, including a USD 75 million investment in PURIS, a leading pea protein producer, to enhance production capabilities.
DuPont de Nemours, Inc.: DuPont's acquisition of full ownership of Solae in 2012, a company specializing in soy protein ingredients, strengthened its position in the soy protein market.
Wilmar International Ltd.: Wilmar International has been expanding its footprint in North America through strategic partnerships and investments, focusing on plant-based protein solutions to meet growing demand.
Kerry Group plc: In February 2022, Kerry Group acquired c-LEcta, a biotechnology company specializing in precision fermentation, and Enmex, a Mexican-based enzyme manufacturer, to enhance its capabilities in plant-based protein ingredients.
Market, By Production Process
Market, By Form
Market, By Application
Market, By Source
Market, By Distribution Channel
The above information is provided for the following regions and countries:
Key players include Lactalis International, Cargill, Incorporated, DuPont de Nemours, Inc., Wilmar International Ltd., and Kerry Group plc.
The aqueous alcohol extraction segment accounted for 29.5% of the market share and generated USD 60.5 million in revenue in 2024.
The U.S. dominated the North America market, accounting for 48.8% of total revenue in 2024.
The North America market size for soy protein concentrate was valued at USD 204.8 million in 2024 and is projected to reach USD 508.8 million by 2034, growing at a CAGR of 9.6%.