Soy Protein Ingredients Market Analysis

Soy Protein Ingredients Market Analysis

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The soy isolate product segment will surpass USD 5 billion by 2032, attributed to the product’s proven benefits in enhancing cardiovascular and gastrointestinal health while keeping cholesterol levels in control. Soy protein isolates are rich in antioxidants, vitamins, and minerals comprising zinc, iron, and isoflavones that can prevent bone loss due to menopause or certain cancers. Considering the low-fat content and bland taste, soy protein isolate is also used extensively in dairy products, infant formulas, and functional foods, addressing the demand for protein-rich foods among the younger generation, and in turn, bolstering the market outlook.
 

Soy protein ingredients market share from the GMO type segment will depict a 10% CAGR through 2032, given the rapid growth in animal farming and an increasing need for high-protein healthy livestock diets. As per statistics from USDA, in 2022, gross cash farm income was slated to rise by 14.3% as compared to 2021. Additionally, since most GMO crops are utilized for animal feeds in the U.S., the development of GMO soy protein powder is expected to surge, to fulfill changing consumer requirements. However, the possible risk of allergic reactions may limit the consumption of GMO foods to some extent, creating an adverse impact on the market dynamics.
 

The soy protein ingredients market size from the organic segment is anticipated to reach USD 2 billion by 2032, on account of the growing burden of obesity across the globe. Based on a WHO report, by 2025, over 167 million children and adults are likely to be obese or overweight, proliferating the need for healthier dietary options, such as organic soy proteins with low saturated fat content. Furthermore, the preference for dairy or meat substitutes and the increasing product application scope in the healthcare sector will boost the market development.
 

On the regional front, the Asia Pacific soy protein ingredients market is expected to cross USD 4 billion by 2032, credited to an increase in the middle-class population and disposable incomes. Higher living standards are encouraging consumers to opt for nutrient-rich plant-based foods, thereby boosting the consumption of soy protein ingredients. Veganism is also becoming a popular trend in many Asian countries, such as India. As per a YouGov survey, 65% of Indians planned to shift toward vegan or plant-based foods in 2022.
 

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The soy protein ingredients market analysis from the food and beverage segment is predicted to register over 10% CAGR during the forecast timeline, as a result of the growing inclination toward healthy foods rich in meat alternative proteins. As a result of the burgeoning demand for plant-based meat due to rising food security concerns and the transition towards healthier and more nutritional food substitutes, the intake of meat extenders has also increased. In addition, the increasing acceptance of plant-based ingredients may further augment the production of soy proteins for food and beverage applications.