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Soy Protein Ingredients Market Share

Report ID: GMI5382
Published Date: Jan 2023
Report Format: PDF

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Soy Protein Ingredients Market Share

Major players involved in the soy protein ingredients market include

BURCON
Cargill Inc.
Archer-Daniels-Midland Company (ADM)
Dupont
Sotexpro
Wilmar International
CHS Inc.
Farbest Brands
Sonic Biochem
Prinova Group LLC
Medix laboratories
Chaitanya Chemicals
Bioway
Batory Foods

These firms are focusing on expanding their existing product lines, alongside mergers and acquisitions, as part of their primary growth strategy.

For instance, in June 2021, Archer Daniel Midlands took over Sojaprotein, a leading developer of non-GMO soy ingredients. Through this acquisition, the company intended to enhance its geographical presence and market penetration by catering to a larger customer base.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of soy protein ingredients exceeded USD 5.5 billion in 2022 and is set to exhibit over 10% CAGR from 2023 to 2032, due to the growing adoption of natural ingredients in animal feeds.

The GMO type segment will depict a 10% CAGR through 2023-2032, given the increasing need for high-protein and healthy diets and animal farming growth.

The industry for soy protein ingredients in Asia Pacific is expected to be valued at over USD 4 billion by 2032, owing to the rising disposable income and plant-based food consumption.

Prominent companies participating in the market include Cargill Inc., Archer-Daniels-Midland Company (ADM), Dupont, Wilmar International, CHS Inc., Sonic Biochem, Prinova Group LLC, Chaitanya Chemicals, and Batory Foods, among others.